Central Bank of India Car Loan in Chennai

About Central Bank of India Car Loan Chennai

The carefree ride on vacant roads taken in an owned car gives immense pleasure. When you have nothing to worry about, just drive for miles and miles without thinking of anything else. Moreover, with your own car, you don’t have to depend on anyone else. You can drive wherever and whenever you feel like. You can reach on time to your workplace. There are lot more advantages of having a car. But people restrain themselves from having a one because of the amount of funds involved in purchasing it. People find it difficult to arrange the lump sum amount. But in today’s time, it is not difficult to get a car. There are a lot of financial institutions that provide a car loan to the eligible candidates and assist them in bringing home their dream car. These institutions in return charge interest on the lended amount. The borrower has to repay the loan amount along with the interest charged in the form of EMIs. The payment in installments reduces the burden of the borrower. This burden can further be reduced by selecting the correct lender. It is always advised to search for the lender who provides the funds at a reasonable rate of interest and is trustworthy.
When it comes to trust, you can definitely rely on Central Bank of India. It is a government- owned bank that was established a century ago in the year 1911. It is one of the leading banks in the country. This bank has been serving the financial needs of the citizens of the country for long and has earned the faith of people by rendering quality services. It provides customized banking products as per the requirement of the individual. The bank supports the individual’s dream of owning a car and disburses car loan to turn that dream into reality. More information about the car loan is given in the table below.

Central Bank of India Car Loan in Chennai 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

For more details read- Car Loan Chennai

Address of Central Bank of India Branches in Chennai

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

Branch Name
Complete AddressIFSC CodeMICR CodeContact Number
China Bazar, ChennaiMehta Mansion, 27, Bunder Street, ChennaiCBIN0280874600016008044-25388013, 044-25389500
Kodambakkam, Chennai

109 - B, Arcot Road, Kodambakkam, ChennaiCBIN0280875600016010044-24801328, 24810630
Chennai Main Branch
11, Second Line Beach Chennai 600001CBIN02808766000160131800 200 1911
Mylapore, Chennai
Mylapore, 542, Luz Church Road, ChennaiCBIN0280877600016014044-24994408, 044-24997094
Addison Building Branch803, Anna Salai Chennai 600002CBIN0280878600016003044-28521517/ 1519, 044-28521533
Mount Road Branch

Raheja Complex, Anna Salai, Chennai 600002CBIN0280879600016012044-28411017/ 5817, 044-28410901
Sembiam, ChennaiHuzur Gardens, Sembiam, ChennaiCBIN0280881600016020044-25375792, 044-25591226
Sowcarpet, Chennai

No.: 472 (old 281) Mint Street, ( The Madras Yarn Merchants Associations Building) Sowcarpet, ChennaiCBIN0280882600016021044-25353459, 044-25331811
Thyagarayanagar

No.11 Rajabadar Street Thyagarayanagar Chennai 600017CBIN0280883600016022044-28152250/ 1418, 044-28151190
Triplicane, Chennai
265, Pycrofts Road, Triplicane, ChennaiCBIN0280884600016023044-28583775, 044-28526057
Nungambakkam, Chennai

No. 11 Haddows Road, Nungambakkam, ChennaiCBIN0281207600016016044-28271576, 044-28241340
Washermanpet Chennai

535, T.H. Road, Washermanpet, ChennaiCBIN0281215600016026044-25953415, 044-25969269
Broadway, Chennai
165, ALC Complex, Broadway, ChennaiCBIN0281287600016007044-25228003, 044-25262041
Dyar, Chennai
No.2, First Main Road, Kasturba Nagar, Adyar, ChennaiCBIN0281293600016004044-2491 0544, 044-24421663
Royapettah, Chennai
220, Peters Road, Royapettah, ChennaiCBIN0281426600016019044-28482747, 044-28483161
Aminji Karai, Chennai25, Laxmi Talkies Rd., Aminjikarai, ChennaiCBIN0281431600016006044-26640661, 044- 26642661
Kilpauk, Chennai

267, Kilpauk Garden Road, Near New Awadi Signal, Kilpauk, ChennaiCBIN0281620600016011044-26441184, 044-26460345
Teynampet, Chennai

Shop No. 1, Alaiamman Koil Shopping Complex, Shri Thagraya Road, Teynampet, ChennaiCBIN02816226000160250440-24349633, 044-24343560
Mandaveli Branch

44/1 Venkatakrishna Road Mandaveli Chennai 600028CBIN0282260600016015044-24643584, 044-24951188
Chennai NBO

Shakthi Towers, 766, Anna Salai, Chennai 600002CBIN02823316000160011800 200 1911
Anna Nagar, Chennai
AC - 10, II, Avenue, Anna Nagar (W), ChennaiCBIN0282473600016027044-26212326, 044-26213051
Ennore

No. 3/5, 1st Floor, Kattivakkam High Road (Opp. Ennore Rly. Station), ChennaiCBIN0282761600016029044-25750155, 044-25750523
Industrial Finance BR

48/49, Montieth Road Egmore, Chennai 600008CBIN0283026600016030044- 28554882, 044- 28553471
Mogappair Chennai

No. 2, Main Bazar Road, Collector Nagar, Mogappair, ChennaiCBIN0283081600016031044-26564272/ 1660
Guindy, Chennai

S - 7, Thiru - Vi - Ka Industrial Estate, Guindy, ChennaiCBIN0283176600016033044-22334070, 044-22332435
M/s Velammal Matriculation Secondary School, Mogappair
M/s Velammal Matriculation Sec. School. Mogaippar, Chennai, 600037CBIN0013081NON-MICR044-26560361
Choolai, Chennai

172, Victory House, Sydenhams Road, Chennai, Pincode: 600003CBIN0281440600016009044-25386584, 044-55876005
Velachery

C/O 196, Gandhi Road, Velachery, Pincode: 600042CBIN0283725NON-MICR044- 22433265
Periamet, Chennai

Virudhunagar Nadar Mansion, 1113, Poonamalle High Road, Periamet, Dist - Chennai, Tamilnadu - 600003CBIN0280880600016018044-25389970
Cash Management Service, Chennai

NO. 48/49, Monteith Road, 1st Floor, Egmore, Chennai, Chennai - 600008CBIN0283273NON-MICR1800 200 1911
Perungudi

Geeyem Complex, 30 Ist Main Road, Thirumalai Nagar Annexe, Perungudi, Chennai - 600096, Tamil NaduCBIN02838656000160431800 200 1911
Chennai Zonal Office

48/49 Monteith Road, Egmore Dist - Chennai Tamil Nadu - 600008CBIN0281110NON-MICR044-28554792/ 4620/ 4649
Velammal Metri Secondary School , Mogappair

CBI, M/S Velammal Matriculation Secondary School, Mogappair Branchm/ S Velammal/ Matriculation Sec.school, Mogappair, Tamilnadudist- Chengal Anne, Tamilnadu-600050CBIN0284149NON-MICR44-26560361
Arumbakkam

No.6, Amaravathi Nagar Main Road, Arumbakkam, City- Chennai, Dist- Chennai, Tamil Nadu-600106CBIN0284956NON-MICR
022-22612008
sAshoknagar
Old No. 52/ New No. 31, Second Avenue, Ashok Nagar, Chennai, Dist- Chennai, Tamil Nadu-600083CBIN0284965NON-MICR
022-22612008

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