Central Bank of India Car Loan in Bhubaneswar

About Central Bank of India Car Loan in Bhubaneswar

Founded by Sir Sorabji Pochkhanawala, Central Bank of India is the first bank fully established and managed by the Indians. Central Bank of India is truly a swadeshi bank that lives on people’s faith and regards itself as the people’s own property. It is a government-owned bank, established a century ago in the year 1911. It is one amongst the oldest and largest commercial banks in the nation. Over the years of service, the bank has earned a decent position in the banking and financial market by developing people’s trust. The headquarters of the bank is situated in Mumbai. The bank has a wide network of branches spread in all 29 states and 6 Union Territories.

The Bank with its vast range of products has enabled the wishes of the people across the country. It provides its customer with the power of finance so that the money doesn’t act as a barrier in the path of their happiness. For every need, the bank has drafted a unique solution. It has created a car loan product for the aspirant car buyers and encourages them to fulfill each desire. The loan is available for all eligible candidates. The bank charges reasonable rate of interest and grants loan up to ₹ 75 lakhs for new car and ₹ 10 lakhs for pre- owned cars. This service is available across India including the city of Bhubaneswar. This city is the centre of economic and religious activities. It is the commercial hub of the country. In the year 2014, the city was ranked as an ideal place to conduct business by the World Bank. It is a city of administration, information technology and educational institutes with tourism as a major industry. Out of 17 Tier-2 cities, Bhubaneshwar has the highest rate of employment in India. And bank supports the population of the city by giving access to their dreams.

Central Bank of India Car Loan in Bhubaneswar at a Glance

ParticularsDetails
Interest RateNew Cars: 8.70% p.a.

Pre-owned Cars: 9.80% p.a.
Loan AmountNew Cars : Max. upto ₹75 Lakh

Pre-owned Cars: Max. upto ₹ 10 Lakh
Loan TenureNew Cars : Upto 7 Years

Pre-owned Cars : 5 years (for cars upto 3 years old) & 4 years (for cars more than 3 years old)
Processing FeeAs Per Bank Norms
Prepayment FeeAs Per Bank Norms

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:

Proof List of Documents
Age Proof Passport/ PAN Card/ Voter ID card, Photo Driving License with birth date/ Photo ration card with DOB/ Employer certificate/ID/School/ College Leaving Certificate
Identity ProofPAN Card/ Voter ID/Passport/Driving License, photograph
Income ProofForm 16 for last 2 years, Salary slip for last 3 months, proof of employment in the same organisation for two years, salary certificate, bank statement showing salary credit into the account (for salaried), IT returns for the last 2 years along with income computation, bank statement for the last 3-6 months (for self-employed)
Address ProofLatest Telephone Bill/ Electricity Bill/ Property Tax Receipt/ Passport/ Voter ID
Signature Verification ProofDriving License/ Passport copy/ PAN Card

To know more check Car Loan Bhubaneswar 

Address of Central Bank of India Branches in Bhubaneswar

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

Branch Name
Complete AddressIFSC CodeMICR CodeContact Number
BhubaneshwarPlot No. 108 - B, Unit No. VII, Ground Floor, Suryanagar, BhubaneshwarCBIN0281234 7510160040674-2390718,
Janpath Bhubaneshwar

95, Janpath, BhubaneshwarCBIN02819697510160020674-2534655, 0674-2535307
Chandrasekharpur

S.E. Rly. Complex, P.O. Chandrasekharpur, BhubaneshwarCBIN02831847510160060674-2300605
Cuttack Puri Rd, Bhubaneshwar

Plot No 545/1707, Samantarapur, Lewis Road, P.O. - Old Town BhubaneshwarCBIN02834327510160070674-2341216
Nayapalli

Plot No - N1/257, IRC Village, C.R.P Square, Nayapalli, Dist - Khurda, Orissa - 751015CBIN02835307510160080674-2557555
Tribal Development Co.Op.Crpn.Of rissa Ltd. Bhubaneswar

T.D.C.C. Corporation Of Orissa Ltd., Bhubaneswar Rupali Chowk, Bhubaneswar - 751001CBIN0011969 NON-MICR0674-2543848
BJB Nagar Bhubaneshwar

84/A BJBagar, Near BJB English Medium School, Bhubaneshwar, Dist - Khurda, Orissa - 751014CBIN02830877510160030674-2310358
Saheed Nagar

T.D.C.C. Corporation Of Orissa Ltd., Bhubaneswar Rupali Chowk, Bhubaneswar - 751001CBIN0284013NON-MICR0674-2543848
Bhubaneshwar Regional Office

94, Janpath Unit No:111, Dist - Khurda, Orissa - 751001CBIN0281123NON-MICR
0674-2534125/ 2534388
Palaspalli

Plot No 241/A, Areodrum Area New Bapuji Nagar, City-Bhubaneswar Pin-751020CBIN0284818NON-MICR
022-22612008

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