Central Bank of India Car Loan in Mumbai

Last Updated : Sept. 5, 2017, 1:35 p.m.

About Central Bank of India Car Loan in Mumbai

Mumbai also called as Bombay is the capital city of the Indian state of Maharashtra. It is the financial capital of the country and one of the most populous urban regions in the world and the second most populous metropolitan area in India. This city is known for its lifestyle and high standard of living. It is the city of dreams and Central Bank of India gives wings to the dreams of people by providing financial and banking services.
Central Bank of India was incorporated in the year 1911. It was a dream project of Sir Sorabji, the founder, to open a bank that provides best financial assistance to the citizens of the country. The dream was turned into reality when the bank received the nationalization certificate in the year 1969. The branches and outlets of the bank can be traced across the nation. It has a vast network of 4,741 branches and over 5,000 ATMs spread in 29 states and 6 Union Territories. Also, the bank has 1 extension counter and 10 satellite offices at various centres throughout the length and breadth of the country. Due to the distribution of its large network the bank can truly be described as All India Bank. The head office of the bank is located in the city of Mumbai.
Through its extensive number of branches in Mumbai, the bank caters diverse banking requirements of the residents. It offers the plethora of products and services to satisfy the needs of the people. It extends the car loan to assist the potential car buyers to achieve their goal of buying a car. The bank is transparent in its dealings and doesn’t hide the relevant information from the customers. It reveals the interest rate and other charges before for the clarity. The interest rate charged by the bank on car loan is stated in the table below.

Central Bank of India Car Loan in Mumbai at a Glance

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 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:

visit Car Loan Mumbai for more information.

Address of Central Bank of India Branches in Mumbai

The complete address, IFSC Code, MICR Code and customer care details of Central Bank of India branches located in Mumbai is mentioned in the table below: