Central Bank of India Car Loan Mumbai- Wishfin

Central Bank of India Car Loan in Mumbai

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

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 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:

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 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

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:

Branch NameComplete AddressIFSC CodeMICR CodeContact Number
Abdul Rehman Street, Mumbai142, Abdul Rehman Street, MumbaiCBIN0280593400016002022-23423825,
Ghatkopar, Mumbai

Gandhi Chhaya, Opp. Sarvodaya Hospital, L.B.S. Marg, Ghatkopar, MumbaiCBIN0280594400016025022-25140903, 25142242

Shiv Chhaya Chs Ltd., Andheri (E), Mumbai - 400069CBIN0280595400016003022-26839784 / 26837530, 022-26832701
Ballard Estate

Ballard Estate Marshall Bldg. Ballard Rd Mumbai - 1CBIN0280597400016004022-22616127, 22612219

Shree Sai Ashish Apartment, Plot No.368, S.V.Road, Bandra (W), Mumbai 400050CBIN0280598400016010022-26457494
Bhuleshwar, Mumbai

Goswami Shri Vallabhlalji Maharaj Building, 25/31, Dr. Atmaram Merchant Road, BhuleshwarCBIN0280599400016006022-22404292 / 8950

Shardashram, 448(1), Bhavani Shankar Road, Dadar(w), MumbaiCBIN0280600400016018022-24221689, 022-24382698
Mumbai Central, Mumbai
47, Dr. A.L. Nair Road, Opp. Nair Hospital, MumbaiCBIN0280601400016007022-23099625

Ganesh Bhava, Pai Nagar, Borivili (West), Mumbai - 400092CBIN0280602400016011022-28931696 / 9723
Delisle Road

101, Creative Industrial Estate; N.M Joshi Marg; Chinchpokli; Mumbai - 400011CBIN0280603400016019022-23090199
Boribunder, Mumbai

Kitab Mahal, Dr. Dadabhoy Naoroji Road, Fort, MumbaiCBIN0280606400016008022-22073822
Gowalia Tank Road, Mumbai
Warden Court, 79 - 81, August Kranti Marg, MumbaiCBIN0280607400016023022-23804216 / 3334
Gokhale Rd., Mumbai

192/193, Gokhale Road (N), Opp. Kitte Bhandari Hall, Dadar, MumbaiCBIN0280608400016022022-24303331
Grant Rd., Mumbai
Railway Hotel, R.M.Roy Road, Grant Road - EastCBIN0280609400016024022-23871921
Kalbadevi Road

116, Keshav Baug, 1st Floor, Shamaldas Gandhi Marg, Mumbai - 400002CBIN0280610400016029022-22018853, 022- 22060848
Cotton Exchange

Raja Bahadur Goverdhanlal B Building, 211 - 213 Kalbadevi Road Mumbai - 400002CBIN0280611400016014022-22420505

Sahyog 192 - A, S. Vivekanand Road, Kandivli (W), Mumbai Mumbai Maharashtra 400067CBIN0280612400016032022-28071710, 022-28627512
Khar, Mumbai
11, Tripti, 3rd Road, Khar (West), MumbaiCBIN0280614400016034022-26007571
Khodadad Circle

Jame - Jamshed Charity Building, Khodadad Circle, Dadar East, Mumbai 400014CBIN0280615400016031022-24131183, 022-24123500
Lower Parel, Mumbai

Shree Niwas Cotton Mills Compound, Tulsi Pipe Road, Lower Parel, Mumbai, Pincode: 400013CBIN0280616400016035022-24923280
Mahim, Mumbai

55 - B, Lady Jamshedji Road, Mumbai
Malad, Mumbai

Vishnu Bhavan, Anand Road, Opp. Malad Railway Station, Malad (West), MumbaiCBIN0280618400016040022-28821375, 022-28891551

129, Mandvi, Masjid Bunder Road, Mumbai - 03CBIN0280619400016037022-23412016, 022-23434173
Mazgaon, Mumbai

Plot No. 4, St. Marys Road, Mazgaon, MumbaiCBIN0280620400016039020-23755303, 23702555
Mumbai Main Office

Mumbai Main Office M G Road, Fort, Mumbai 400023CBIN0280621400016071022-22653083 / 2420
Marine Lines, Mumbai
Harachandrai House, 81, M. Karve Road, MumbaiCBIN0280622400016038022-22014322
Chembur, Mumbai

Sai Kiran Apartment, Plot No.217, Central Avenue Road, ChemburCBIN02806234000160171800 200 1911
Crawford Market
289/291, Nagdevi Street, Mumbai, Pin 400003CBIN0280624400016015022-23421288
Opera House, Mumbai

Ground Floor, 64, Jagannath Shanker Seth Road, Opera House, MumbaiCBIN0280625400016048022-23860466, 23826102, 022-23823099
Pedder Road, Mumbai
Purnima Apartments, 23, Pedder Road, MumbaiCBIN0280626400016049022-3515695

422 - Bhavna Veer Savarkar Marg, Prabhadevi, Mumbai - 400025CBIN0280628400016050022-4380199/ 4228008, 022-24324060
Share Bazar, Mumbai

16/17, Dalal Street, Wadia Building, MumbaiCBIN0280630400016052022-2674188, 022-22641703
S.V.P Road, Mumbai (Sandhurst Rd)
381, Sardar Vallabhbhai Patel Road, MumbaiCBIN0280631400016051022-23823525

Jerbai Baug Bldg. Near Gloria Church, Dr. Baba Saheb Ambedkar Road, Byculla (east ), Mumbai - 400027CBIN0280632400016009022- 23723228 / 1657
Vile Parle

Vile Parle Prathana Samaj Chs, Ps Road, Vile Parle (E), Mumbai - 400057CBIN0280633400016062022-26122153
Adala, Mumbai

Chadha Mansion, Station Road, Wadala, MumbaiCBIN0280634400016063022-24125425
Worli, Mumbai

Shri Chandrababa Mandir, Trust Building, Dr. Annie Besant Road, Worli Naka, MumbaiCBIN0280635400016065022-24950871 / 42455, 022- 24940966
Nepean Sea Rd., Mumbai
25, Laxmibai Jagmohandas Marg, Nepean Sea Road, MumbaiCBIN0281003400016046022-23672055
Nariman Point

Chandermukhi Building, Nariman Point, MumbaiCBIN0281067400016044022- 56387501
Tardeo Mumbai

Matru Mandir, Jivaji Dadaji Mart (Tardeo Road), MumbaiCBIN0281201400016058022- 23870776

Dr. Ambedkar Rd , Inside Tata Mills Compound Dadar Mumbai - 14CBIN0281209400016043022-24123729, 022-24114175
Sunder Nagar, Malad, Mumbai

Krishna Regency Building, Ground Floor, Nr.dr.s.radhakrishnan Vidyalaya, Sundernagar, Malad (W)CBIN02812464000160571800 200 1911
Seven Bungalows Mumbai (Versova)

Pran Ashish, Opp. Picnic Cottage, J.P. Road, Seven Bungalow, Versova, MumbaiCBIN0281294400016056022- 26362161, 26301151
J.B. Nagar

Andheri Kurla Road, Mumbai - 400059
Colaba Causway

121, Shaheed Bhagat Singh Road, Colaba, Mumbai - 400005CBIN0281407400016013022-22840745, 022-22804676
Babulnath Road, Mumbai3, Babulnath Road, MumbaiCBIN0281455400016005022-23638403

Midc, Seepz Branch (Sez), Andheri (East), Mumbai - 400096
Girgaum, Mumbai

205/A, Jagannath Shankar Seth Road, Opp. Kelewadi, MumbaiCBIN0281506400016021022- 23828026, 022-23810684
Juhu Vile Parle, Mumbai

Sheetal Smruti, Plot No.4, 1st Floor, Swastik Society, North South Road No.1, Opp.bhaidas Hall, JVPCBIN0281621400016028022-26182603

Central Bank Of India, Santacruz Branch, Sahil Building, 31, S.V.Road, Mumbai:400054CBIN0282151400016054022-26049301
Goregaon, Mumbai

UMA Smruti, Next To Filmistan Studio, S.v. Road, Goregaon (w), MumbaiCBIN0282197400016026022-28720068
Walkeshwar, Mumbai

New Krishna Kunj Premises Co - Op. Society Ltd., Krishna Kunj, 212 Walkeshwar Road, MumbaiCBIN0282339400016067022-23644291, 022-23631518,
Mankhurd, Mumbai

Jigna Apartment, Sion Trombay Road, Ashish Farm, New Sanjeevani Society, Mankhurd, MumbaiCBIN0282523400016069022-25576853
Mulund, Mumbai

Krishna Kunj, Ground Floor, Plot No. 148, Purushottam Kheraj Road, Mulund (west), MumbaiCBIN0281615400016042022-25612148

Personal Loan Interest Rates March 2024
HDFC Bank10.75% - 14.50%
ICICI Bank10.75% - 19.00%
IndusInd Bank10.25% - 26.00%
Kotak Bank10.99%
RBL14.00% - 23.00%
SMFG India Credit12.00% - 24.00%
Standard Chartered Bank11.49%
Tata Capital10.50% - 24.00%
Home Loan Interest Rates March 2024
Axis Bank8.75% - 9.15%
Bank of Baroda8.50% - 10.60%
Citibank8.75% - 9.15%
HDFC8.50% - 9.40%
ICICI Bank9.00% - 9.85%
Indiabulls Housing Finance Limited8.65%
Kotak Bank8.70%
LIC Housing8.50% - 10.50%
Piramal Capital & Housing Finance10.50%
PNB Housing Finance8.50% - 10.95%
Reliance Home Finance8.75% - 14.00%
State Bank of India/SBI9.10% - 9.65%
Tata Capital8.95% - 12.00%