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Central Bank of India Car Loan in Jammu

Central Bank of India Car Loan in Jammu

Last Updated : March 24, 2017, 6:07 p.m.

About Central Bank of India Car Loan in Jammu

Central Bank of India was established in the year 1911 and since then has been endeavouring to render best quality service to its customers. The bank holds a very prominent place among the public sector banks. The head office of the bank is located in the city of Mumbai and has operational branches all across the nation. Due to its extensive presence, it can truly be called an All India Bank. The wide network of branches is spread in 29 states and 6 Union Territories. The bank holds a network of 4,741 branches and around 5,000 ATMs. The bank even allows the customer to access the bank through online banking portal. The customer can avail all banking and financial service online and save time and efforts.
The bank is on the path of success and is fully supporting the ambition and dream of its customer. Realizing the need and wish of the people to drive a self-owned car the bank has added the car loan product to its catalogue. Through it, the bank helps the people in buying a car of their choice and enjoy the road trips with family and friends. It sanctions the loan of the eligible candidates and provides the loan of up to ₹ 75 lakhs for the purchase of new car and ₹ 10 lakhs for buying pre- owned car. The flexible range of tenure makes it easy for the customers to repay the amount as per his comfort and capacity. The bank extends this facility of car loan to all the citizens including the residents Jammu. The people of Jammu can avail the benefit of the service by visiting the nearest bank branch. The branch locations are provided below. But before applying check the details of Central Bank of India Car Loan in Jammu in the following section.

Central Bank of India Car Loan in Jammu at a Glance

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 are:

  • 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 a 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:

ProofList of Documents
Age ProofPassport/ 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 further details check- Car Loan Jammu

Address of Central Bank of India Branches in Jammu

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

Branch NameComplete AddressIFSC CodeMICR CodeContact Number

P.B. No. 59, Indra Mansion, Shalimar Road, Raghunath Bazar, Jammu Tawi Jammu Jammu Kashmir 180001CBIN02804171800160010191-2547791/ 2546732, 0191-2572764
Railway Road Jammu
Gole Market, Gandhi Nagar, JammuCBIN02812381800160020191-2439884
Talab Tillo, Jammu

Chowk Talab Tillo, Jammu Jammu Jammu Kashmir 180002
CBIN02821771800160030191-2554661, 0191-2503275
New Subzimandi Jammu

P.O. New Subzi Mandi (narwal), Rail Head Complex, Jammu, Pincode: 180006CBIN02828251800160040191-2476448, 0191-2476948
Gandhi Memorial College, Jammu

Gandhi Memorial College, Jammi Nardhani Morh, Post Office: Raipur, Dist - Jammu, Jammu & KashmirCBIN0012177NON-MICR0191-2554661
Greater Kailash, Jammu

Gali No. 17, Opp New Choice Club, Greater Kailash Main Mkt, Jammu, J& K - 180001CBIN0283795NON-MICR0191-2484850
Gandhi Memorial College, Bantalab Jammu

Gandhi Memorial College, Jammi Nardhani Morh, Post Office: Raipur, Dist - Jammu, Jammu & Kashmir - 1CBIN0284005NON-MICR0191-2554661

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