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
| Particulars | Details |
|---|---|
| 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 |
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:
| 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 |
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 Name | Complete Address | IFSC Code | MICR Code | Contact Number |
|---|---|---|---|---|
| Jammu | P.B. No. 59, Indra Mansion, Shalimar Road, Raghunath Bazar, Jammu Tawi Jammu Jammu Kashmir 180001 | CBIN0280417 | 180016001 | 0191-2547791/ 2546732, 0191-2572764 |
| Railway Road Jammu | Gole Market, Gandhi Nagar, Jammu | CBIN0281238 | 180016002 | 0191-2439884 |
| Talab Tillo, Jammu | Chowk Talab Tillo, Jammu Jammu Jammu Kashmir 180002 | CBIN0282177 | 180016003 | 0191-2554661, 0191-2503275 |
| New Subzimandi Jammu | P.O. New Subzi Mandi (narwal), Rail Head Complex, Jammu, Pincode: 180006 | CBIN0282825 | 180016004 | 0191-2476448, 0191-2476948 |
| Gandhi Memorial College, Jammu | Gandhi Memorial College, Jammi Nardhani Morh, Post Office: Raipur, Dist - Jammu, Jammu & Kashmir | CBIN0012177 | NON-MICR | 0191-2554661 |
| Greater Kailash, Jammu | Gali No. 17, Opp New Choice Club, Greater Kailash Main Mkt, Jammu, J& K - 180001 | CBIN0283795 | NON-MICR | 0191-2484850 |
| Gandhi Memorial College, Bantalab Jammu | Gandhi Memorial College, Jammi Nardhani Morh, Post Office: Raipur, Dist - Jammu, Jammu & Kashmir - 1 | CBIN0284005 | NON-MICR | 0191-2554661 |