Car Loan Rates EMI 2018 133 views
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About Central Bank of India Car Loan in Chandigarh
Established in the year 1911, Central Bank of India is one of the largest and oldest banks in the country. It is a government – owned bank. The head office of the bank is located in Mumbai with operational bank branches spread across the country. The bank has a network of 4,741 branches, 5,000 ATMs and 4 extension counters across 27 Indian states and 3 union territories. It is a leading name in the banking and financial industry. The bank is positioned among the top national banks. It has earned this stature over the years by rendering the quality service to its customers. It provides the tailor-made solution for all banking requirements. Right from the loans and advances to investments, the bank has multiple products to serve its customers. The bank has drafted multiple schemes under each product so as to fulfill the customer’s requirement to the fullest.
In order to meet the financial requirement of the aspirant car buyers, the bank has enabled the car loan service. Under it, the bank provides the money to the customers who want to purchase a car. The bank disburses loan up to ₹ 75 lakhs on the purchase of a new car. It grants the maximum loan of up to ₹ 10 lakhs for the purchase of used cars. The amount can be repaid in installments during the tenure. The new car loan is sanctioned for the maximum tenure of 7 years and the repayment period for pre- owned cars last up to 5 years. This loan product can be availed by anyone considered eligible by the bank. The bank has set particular standards or the eligibility criteria on the basis of which the individual’s profile is evaluated.
The borrower can check the details, eligibility and apply for the car loan at Central Bank of India.
Central Bank of India Car Loan in Chandigarh at a Glance
|Interest Rate||New Cars: 8.70% p.a.|
Pre-owned Cars: 9.80% p.a.
|Loan Amount||New Cars : Max. upto ₹75 Lakh|
Pre-owned Cars: Max. upto ₹ 10 Lakh
|Loan Tenure||New 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 Fee||As Per Bank Norms|
|Prepayment Fee||As Per Bank Norms|
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.
-Companies / Proprietorships, Partnership Firm /Societies/etc.
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 Proof||PAN Card/ Voter ID/Passport/Driving License, photograph|
|Income Proof||Form 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 Proof||Latest Telephone Bill/ Electricity Bill/ Property Tax Receipt/ Passport/ Voter ID|
|Signature Verification Proof||Driving License/ Passport copy/ PAN Card|
Read Car Loan Chandigarh for more information.
Address of Central Bank of India Branches in Chandigarh
The branch address, IFSC Code, MICR Code and customer care details of Central Bank of India branches located in Chandigarh are mentioned in the table below:
|Branch Name||Complete Address||IFSC Code||MICR Code||Contact Number|
|Sector 17 - B Chandigarh||SCO 68 - 69 Bank Square Sector 17 - B Chandigarh||CBIN0280412||160016002||0172-2702431, 0172-2702266|
|Sector - 15 C, Chandigarh||S.C.O. 23, Sector 15 - C, Chandigarh||CBIN0280413||160016003||0172- 2780778, 0172 -2540935|
|Sector 22 C, Chandigarh||7/8, Sector 22 - C, Chandigarh||CBIN0280414||160016004||0172-2700759, 0172-2702852|
|Chandigarh, Sector 35 C (Defence Colony)||S.C.O. NO. 293 & 294, Defence Colony, Sector 35 - C, Chandigarh||CBIN0281186||160016005||0172-2646875, 0172-2601174|
|Sector 37 C Chandigarh||Shop - Cum - Office (SCO) No. 174, Sector 37 - Co, Chandigarh||CBIN0282138||160016006||1800 200 1911|
|S.D.College, Sector 32 D, Chandigarh||S.D. College, Sector 32 D, Chandigarh - 160047||CBIN0283198||160016009||0172-2645503|
|Sector - 18 Chandigarh||SCF 30 Sector - 18C Chandigarh, Dist - Chandigarh, Chandigarh - 160018||CBIN0283194||160016010||0172 - 2773416|
|Chandigarh Zonal Office||P.B.NO: 13, NO: 58 - 59, Bank Square, Sector 17B Dist - Chandigarh Chandigarh - 160017||CBIN0281106||NON-MICR||0172-2702994-98|
|Industrial Area||SCO-21, Industrial Area, Phase-2, Chandigarh 160047||CBIN0284976||NON-MICR||22637966|
|Sector Forty Four Chandigarh||Soc 269, Sector 44C, Chandigarh, U.T. Chandigarh 160043||CBIN0284979||NON-MICR||22637966|