Central Bank of India Car Loan in Ahmedabad

Last Updated : March 18, 2017, 5:35 p.m.

About Central Bank of India Car Loan in Ahmedabad

Central Bank of India is the first Indian commercial bank to be completely owned and managed by the Indians. It was established in the year 1911. The founder of the bank is Sir Sorabji Pochkhanawala. The main motive behind the establishment of the bank was to provide useful banking service to the people of the land and enhance their banking experience. The bank has served the vast population of the country by giving the accurate solution for each of their banking requirements. It is a nationalized bank that has branches across the length and breadth of the country. In Ahmedabad, the largest city in the state of Gujarat the has opened a significant number of branches through which it caters the variant needs of the people. While Ahmedabad is considered an important economic and industrial hub of India, Central Bank of India help the residents of the city in accomplishing their wishes and desires.
The bank makes the people realise the importance of dreams and provides them with an assurance of fulfilling them. It offers the financial assistance to turn the dream into reality. It grants them funds in form of loans to gratify their desires instantly. The bank sanctions car loan to the potential car buyers who wish to drive a self-owned car. It proffers car loan for the purchase of both new and pre-owned cars so that the customer can have the pleasure of driving his/her favourite car. The bank charges nominal rate of interest on the loan facility and gives benefit of repayment in installments. The customer can select the loan period as per his convenience and capacity as the bank provides a flexible range of tenure. The tenure, interest rate and loan amount sanctioned by the bank under car loan are provided in the table below:

Central Bank of India Car Loan in Ahmedabad at a Glance

Eligibility Criteria

The Central Bank of India provides car loan after evaluating individual’s profile. It has set certain criteria to determine the suitability. The car loan eligibility criteria is:

• The minimum age of the applicant should be 18 years and maximum 65 years
• The minimum annual income of salaried and non-salaried applicant should be ₹ 2,40,000
• The loan is provided to eligible segments mentioned below:
  -Permanent salaried employees/ Self-Employed Persons / Independent Entrepreneurs who have regular source of income.
  -Farmers irrespective of land holding engaged in production oriented agricultural activities and in other allied activities.
  -Non-resident Indians
  -Companies / Proprietorships, Partnership Firm /Societies/etc.

Documents Required

In order to avail the benefit of a car loan, the individual needs to submit the following documents:

Check Car Loan Ahmedabad for more details.

Address of Central Bank of India Branches in Ahmedabad

The branch address, IFSC Code, MICR Code and customer care details of Central Bank of India branches located in Ahmedabad are mentioned in the table below: