About Central Bank of India Car Loan in Kochi
With the mission to transform the customer’s banking experience into a fruitful and enjoyable one, Sir Sorabji Pochkhanawala laid the foundation of the bank that was entirely owned and managed by the Indians. The bank was established in the year 1911 and named Central Bank of India. The first Chairman of the truly ‘Swadeshi Bank’ was Sir Pherozesha. It is a public sector bank that works in the direction of providing best quality service to its clients. The bank has a broad vision 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. It incorporates innovative and unique strategies to match the pace of the changing economic conditions and provide accurate solutions for each financial problem. It has a tailor-made bouquet of product and services to meet customer aspirations.
The bank has introduced car loan product to provide financial assistance to the car buyers. The bank considers each dream of the individual important and therefore, has added a unique product to its cart. The car loan can be availed by anyone eligible. It helps the borrower in purchasing the car instantly and pay for it later in installments. The bank permits the repayment of a loan within the maximum tenure of 7 years. The customer regarded eligible by the bank receives the funds as per his/her capacity. However, the bank disburses the maximum loan amount of ₹ 75 lakhs for the purchase of new car. This service of the bank is valid throughout the nation including Kochi. For detailed information about Central Bank of India Car Loan in Kochi read below:
Central Bank of India Car Loan in Kochi 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|
For more information read- Car Loan Kochi
Address of Central Bank of India Branches in Kochi
The branch address, IFSC Code, MICR Code and customer care details of Central Bank of India branches located in Kochi are mentioned in the table below:
|Branch Name||Complete Address||IFSC Code||MICR Code||Contact Number|
|Willingdon Island||PB 526, 5th Main Road Willingdon Island 682003||CBIN0280962||682016006||0484-2666143|
|Ernakulam||P.B.No.1123, CC 38/696, Narayanan Centre, M.g.road, Ernakulam, Kochi - 35||CBIN0280963||682016002||0484-2352025|
|Kadavanthara (South) Cochin||No.37/541 - A Kallelil Building, S.A. Road, Kadavanthra, Kochi||CBIN0283113||682016003||0484-2203784|
|Non Business Office Ernakulam||M.G.Road, North End, Ernakulam - 682018||CBIN0283258||682016001||1800 200 1911|
|Perumanoor, Kochi||P.B. No. 1728, Near Shipyard Project, Ravipuram, Taluka - Parner, M.G. Road, Perumanoor, Kochi, Dist - Ernakulam, Kerala - 682016||CBIN0281292||682016005||0484-2355472|
|Cochin Regional Office||Geo Towers, IInd Floor, Sahedaran Ayyappan Road, Pallimukku Kochi (cochin)dist - Ernakulam, Kerala - 682016||CBIN0281121||NON-MICR||0484-2398131/ 129|
|Edappally||Panattu Square, Pookattupady Road, Edappally Toll Junction, Edapally, Dist Ernakulam, Kerala - 682024||CBIN0285077||NON-MICR||22637966|