COMPARE : CAR LOANS
Central Bank of India Car Loan
Introduction
Central Bank of India offers loan for vehicle under CENT Vehicle scheme. The bank extends loan for purchasing two wheeler (Scooters, Mopeds, Motor Bikes) and four Wheeler (Car, Jeep, Utility Vehicle) solely for the purpose of personal use.
Bank also offer finance for used vehicles that are not older than 3 years and have expected residual life of minimum 10 years.
Highlights
  New Car Used Car
Loan Type Term Loan Term Loan
Ex-Showroom/On Road On Road On Road
Loan Amount For Indian made vehicles the maximum loan amount is Rs.20.00 lakh.
For Imported Vehicles the maximum loan amount is Rs.40.00 lakh.
Maximum allowable loan amount is Rs 10 lakhs.
Tenure Min. - 36 months.
Max. - 84 months.
Min. - 12 months.
Max. - 60 months.
Interest Rate 10.65 % 11.75 %
Time to Process Loan 7 days 7 days
Preferred Manufacturers Chevrolet, FIAT, Ford, GENERAL MOTORS INDIA, HINDUSTAN MOTORS, Honda, Hyundai, Mahindra, Maruti, Mercedes-Benz, Mitsubishi, Nissan, Reva, SAN Engineering, Skoda, Tata Motors, Toyota Chevrolet, FIAT, Ford, GENERAL MOTORS INDIA, HINDUSTAN MOTORS, Honda, Hyundai, Mahindra, Maruti, Mercedes-Benz, Mitsubishi, Nissan, Reva, SAN Engineering, Skoda, Tata Motors, Toyota
 Fees & charges
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