Table of Contents
About Central Bank of India Car Loan in Gurugram
Central Bank of India is one of the country’s oldest bank. The roots of the bank lie in the imperial India. It was founded by Sir Sorabji Pochkhanawala in the year 1911. Sir Sorabji Pochkhanawala proclaimed Central Bank of India as the ‘property of the nation and the country’s asset’. His motive behind opening the bank was to help the people of the nation and provide them with the financial assistance. The vision was to emerge as a strong, vibrant and pro-active Bank/Financial Super Market and to positively contribute to the emerging needs of the economy through consistent harmonization of human, financial and technological resources and effective risk control systems. The bank has moved towards its aim by incorporating customer friendly products and services. The customer’s satisfaction has always been the priority of the bank. It delivers timely assistance for all the banking problems. The bank has prepared a customized financial kit to meet all the financial requirement of the people. This kit includes the ready-made solution that can serve the purpose of the customer and help him/her attain the financial objective.
The bank extends its help to the car buyers by providing them the accurate solution that is a car loan. It is a loan product uniquely crafted to aid the potential car buyers who find it difficult to pay the lump sum amount. The bank pays the amount to the dealer on behalf of them and redeems it from the customer in form of installments. This reduces the burden of payment on the customer and enhances the joy of bringing home a new car. The bank after thoroughly evaluating the profile of the customer sanctions the loan. It provides funds for the purchase of both old and new car. Anyone, eligible as per the guidelines of the bank can apply for the loan by visiting the bank branch.
Central Bank of India Car Loan in Gurugram 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|
Check Car Loan Gurugram for more information.
Address of Central Bank of India Branches in Gurugram
The branch address, IFSC Code, MICR Code and customer care details of Central Bank of India branches located in Gurugram are mentioned in the table below:
|Branch Name||Complete Address||IFSC Code||MICR Code||Contact Number|
|Gurugram||New Sohna Road, Gurugram||CBIN0281026||110016083||0124-2322233, 0124-2221182|
|National Oil Seeds & Vegetable Development Board||Plot No. 86, Sector 18, Novoboard, Gurugram - 122015||CBIN0283662||110016115||0124-2397722|
|M G Road, Gurugram||S.C.O 22, GF Housing Board, Saraswati Vihar, Mehrauli Gurugram Road, Gurugram - 122002, Haryana||CBIN0283792||NON-MICR||1800 200 1911|