Central Bank Of India Business Loan

Business Loan

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    Almost done, few more details required.

    The Central Bank Of India lends SME and MSME loans to help the business units grow and expand. The funds are allocated to the entities with diverse profile under different schemes proposed by the bank. The quantum of loan, tenure, interest rate and processing fee vary from scheme to scheme. For details read below –

    CBI Business Loan Details

    Interest Rate8.55% - 12.80%
    Loan AmountUp to ₹5,00,000
    TenureUp to 10 years
    Processing FeeNil

    How To Apply

    The candidate can apply for a loan by visiting the nearest bank branch.

    CBI Business Loan EMI Calculator

    Now know your EMI in few easy steps. Just place the loan amount, tenure and the rate of interest in the calculator and the calculator will compute the  EMI value for you in a fraction of second. It will also reveal the total amount of interest charged on the loan during the tenure.

    For Instance – If I avail a loan of ₹ 5,00,000 to finance the emerging business needs for the tenure of 10 years at an interest rate of 8.55%p.a. take a look below to know the EMI Calculations

    Table Showing EMI, Interest Outgo, and Total Repayment Amount

    Loan Amount Interest Rate Tenure Monthly Instalment Total Interest Amount Total Amount

    EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

    Year Principal Interest Balance Amount

    Table Showing Loan Schemes, Eligibility, Amount of Loan and Tenure

    People Also Look For  Standard Chartered Bank Business Loan
    Loan SchemeEligibility Quantum of Loan (in ₹)TenureProcessing Fee
    CENT- Business Gold LoanExisting as well as New Customers
    Individual aged between 18 years to 60 years
    Proprietorship and Partnership firm engaged in Business activities
    Minimum: 10,000
    Maximum: 20,00,000
    12- 36 MonthsUp to 5 lacs - Nil
    Above 5 lacs to 20 lacs – ₹250 per lac
    CENT - ContractorCivil Contractors/ Construction Contractors
    Sub Contractors executing works on behalf of main contractors who have been allotted works by Main Contractors
    On basis of projected cash flow for the entire repayment period.Term Loan - 5 years
    CC/ OD – 1 year
    1% of the loan amount and maximum up to ₹2,00,000
    CENT - DoctorIndividuals/ Partnership/ Companies/ Trusts
    Applicants/ Promoters should have recognized qualification in any branch of medical science like MBBS/ BAMS/ BDS/ BHMS or any recognized degree in Physiotherapy/ Radiology etc. and should have minimum practical experience required to establish Hospital/Nursing Home/ Clinic
    In case of Individual, he/she should be a qualified and registered medical practitioner and should have minimum practical experience required to establish Hospital/Nursing Home/Clinic
    Partnership: Out of total partners at least 50% should be qualified and registered medical practitioners
    Company: At least 50% of the promoter/directors should be qualified and registered medical practitioners
    Trusts: Trusts should be registered and should have the power to borrow. At least one of the trustees should be qualified medical professional and Registered Medical Practitioner
    Minimum – 1,00,000
    Maximum- 5,00,00,000
    Not SpecifiedNot Specified
    CENT - TradeAll types of Traders including Retailers / Distributors / Commission Agents / Arthiyas/Dealers of major companies etcMaximum - 5,00,000Not SpecifiedUp to ₹20,000
    CENT - ProfessionalsProfessionals: Registered Medical Practitioners, Chartered Accountants, Company Secretaries, Consultant Engineers and Architects, Management Consultants, Tax Consultants, Free-lance accredited Journalists/ Cameraman/ Caterers who are holding either a degree or diploma from established institutions and established in their profession
    Individuals/ Jointly/ Partnership firm (excluding partnership firm where HUF is a partner) / Joint Stock Company (excluding persons engaged in Real Estate/ Speculative Activities / Capital Market Activities) excluding businessmen
    Minimum experience of 3 years in the specific field
    Minimum age 25 and maximum up to 65 years
    The applicant should be an Income tax assesse
    For Individual : Minimum Limit is ₹1Lakh & Maximum Limit is ₹1 crore
    For Firm / Corporate / Companies : Minimum Limit is ₹1Lakh & Maximum Limit is ₹5 crore
    Term Loan- 10 years
    Working Capital- 1 year
    Up to ₹5 lakh- Nil
    Above ₹5 lakh – 0.75% of the loan amount with subject to a minimum of ₹5,000
    People Also Look For  Axis Bank Business Loan

    Documents Required:

    • Application form
    • Proof of Identity: Voter’s ID Card/ Passport/ Driving License/ PAN Card/ Signature identification from present bankers of proprietor, partner of director (if a company)
    • Proof of residence: Recent telephone bills, electricity bill, property tax receipt /Passport/ Voter’s ID Card of Proprietor, partner of Director (if a company)
    • Proof of business Address
    • Last three years balance sheets of the units along with income tax/ sales tax returns etc. (Applicable for all cases from₹2 lakhs and above) However, for cases below fund based limits of₹25 lakhs if audited balance sheets are not available, then unaudited balance sheets are also acceptable as per extant instructions of the bank
    • Copy of Sales tax / VAT /any other Tax Registration
    • Memorandum and articles of association of the Company/ Partnership Deed of partners etc.
    • Assets and liabilities statement of promoters and guarantors along with latest income tax returns
    • Rent Agreement (if business premises on rent) and clearance from pollution control board if applicable
    • SSI / MSME registration if applicable
    • Projected balance sheets for the next two years in case of working capital limits and for the period of the loan in case of term loan (for all cases of₹2 lakhs and above)
    • In case of takeover of advances, sanction letters of facilities being availed from existing bankers/ Financial Institutions along with detailed terms and conditions
    • Photocopies of lease deeds/ title deeds of all the properties being offered as primary and collateral securities
    • Position of accounts from the existing bankers and confirmation about the asset being standard with them (Required only in case of takeover)


    • Multiple schemes to choose from
    • No processing fee up to ₹5 lakh loan
    • Attractive rate of interest
    • Availability of Collateral free loan up to₹1 crore

    Personal Loan Interest Rates March 2018
    Bajaj Finserv 10.99% - 16.00%
    Fullerton India 14.00% - 33.00%
    HDFC Bank 10.99% - 20.99%
    ICICI Bank 10.99% - 18.40%
    IndusInd Bank 10.99% - 16.00%
    Kotak Bank 10.99% - 17.99%
    RBL 13.00% - 18.00%
    Standard Chartered Bank 10.99% - 14.99%
    Tata Capital 10.99% - 18.00%
    Home Loan Interest Rates March 2018
    State Bank of India/SBI 8.35% - 8.80%
    HDFC 8.35% - 8.95%
    Bank of Baroda 8.30% - 9.30%
    LIC Housing 8.35% - 8.70%
    PNB Housing Finance 8.35% - 8.70%
    ICICI Bank 8.35% - 8.85%
    Axis Bank 8.35% - 8.75%
    Citibank 8.40% - 9.25%
    Indiabulls Housing Finance Limited 8.35% - 11.25%
    Kotak Bank 8.35% - 8.50%
    EMI Calculator