Central Bank of India Car Loan in Bengaluru

Last Updated : March 21, 2017, 5:39 p.m.

About Central Bank of India Car Loan in Bengaluru

Bengaluru, commonly known as Bangalore is the capital of India’s southern state Karnataka. This city is the centre of India’s high-tech industry. It is also known for its parks and nightlife. People of Banglore live an independent and enjoyable life. They value their freedom and don’t like the life of constraints. They know how to break all shackles and Central Bank of India by providing the financial and banking services help them overcome the financial troubles. Central Bank of India is one of the top nationalized banks that provides financial assistance to the citizen of the country and help them in reaching their financial goal. The bank has rendered quality banking and financial service for more than 100 years and still continues to serve the citizen of the city. The mission of the bank is to transform the customer banking experience into a fruitful and enjoyable one. It has introduced technology for efficient and effective delivery of all banking products. It has been awarded the Fintect India Award 2016, under category mobile banking at a function organized in Mumbai. It is well recognised for delivering the timely solution to the customers. The bank has drafted customized solution to meet the customer’s aspiration. Each product is uniquely designed to satisfy the requirements of the customers. Be it the need for owning a house or driving a personal car all needs are fulfilled by the bank.
It provides a tailor-made product named car loan to all the potential car buyers who require money to get access to their dream car. It charges decent rate of interest and a nominal processing fee. The bank is transparent in its dealing and maintains transparency with the customers. It discloses all the relevant information the borrower must know and doesn’t levy any hidden charges. The detailed information of the car loan product offered by the bank is given below.

Central Bank of India Car Loan in Bengaluru 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:

Read Car Loan Bengaluru for more information.

Address of Central Bank of India Branches in Bengaluru

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