Central Bank of India Personal Loan 2025

How to Apply for Central Bank of India Personal Loan Online

1. Step-by-step guide on how to apply via the official website or authorized loan aggregators.

1. Explain pre-application requirements, such as checking eligibility and keeping documents ready.

1. Highlight the digital process flow, including form filling, document upload, and eKYC.

1. Emphasize turnaround time—quick approvals and disbursal timelines.

1. Mention post-submission tracking—how users can check the application status online.

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Eligibility Criteria for Central Bank of India Personal Loan

Name of the Product	Who is Eligible
Cent Personal Loan Scheme	Permanent employees of government institutions, railways, central and state governments, hospitals, schools, municipal bodies, etc. and must have completed at least one year of service Permanent employees of multinational/Indian companies with at least 3 years of service
Corporate Employees	Permanent employees of large corporate clients
Cent Ratna	Permanent employees of any Navratna/Maharatna/major PSUs
Cent Teacher	Permanent teachers/employees of schools/colleges/universities, and other educational and research institutions
Cent Suvidha	Salaried employees of schools, colleges, corporate clients, universities, and other organisations
Cent Doctor	Medical practitioners

Documents Required for Central Bank of India Personal Loan

Application Form	Filled and duly signed
Proof of Identity	Passport, Voter's ID, Aadhaar Card, Driving License, PAN Card, etc.
Address Proof	Driving License, Passport, Voter's ID, Aadhaar Card, etc.
Bank Statement	Previous 3 months
Salary Slip	Latest salary slip with the latest Form 16
Photograph	Passport size photograph

Comparison of Personal Loans from Major Banks in India

Personal Loan

State Bank of India Personal Loan

Axis Bank Personal Loan

Bank of Baroda Personal Loan

HDFC Bank Personal Loan

ICICI Bank Personal Loan

Bank of India Personal Loan

Bank of Maharashtra Personal Loan

Canara Bank Personal Loan

Indian Bank Personal Loan

Indian Overseas Bank Personal Loan

Punjab & Sind Bank Personal Loan

Punjab National Bank Personal Loan

UCO Bank Personal Loan

Union Bank of India Personal Loan

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Comparison of Central Bank of India Personal Loan with Other Providers

Name of the Bank	Interest Rate (p.a.)	Processing Fee
Central Bank of India	11.15% p.a. onwards	1% of the loan amount
Yes Bank Personal Loan	10.85% p.a. onwards	Up to 2.5% of the loan amount
Kotak Mahindra Bank Personal Loan	10.99% p.a. onwards	Up to 5% + GST
State Bank of India	10.10% p.a. onwards	1.5% of the loan amount plus taxes

Note: The above-listed rate of interest are as on 8 August 2025 and are subject to change at the discretion of the bank.    

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How to Check Central Bank of India Personal Loan Status?

You can track Central Bank of India personal loan status both offline and online. To check the status offline, you can contact customer care through the channels given in the next section or walk into the nearest branch of the bank. To check the status online, follow the steps given below:

Step 1 - Visit the official website of the bank.

Step 2 - On the left-hand panel of the website, click on 'Apply Loan/Track Status'.

Step 3 - You will be directed to the next page where you have to click on 'Track Application'.  

Step 4 - Enter the required details and the status of your loan will be generated.

A good credit score can help you secure lower interest rates on loans and credit cards.

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FAQs on Central Bank of India Personal Loan

• How can I contact Central Bank of India for personal loan queries?

  You can contact Central Bank of India’s 24x7 toll-free customer care at 1800 22 1911 for assistance regarding personal loans. 

• Can I apply for a personal loan from Central Bank of India if I’m a teacher without a salary account?

  Yes. Under the 'Cent Teacher' scheme, you are eligible even without a salary account. However, you must open one during loan approval and submit an undertaking not to shift it during the loan term.

• Is collateral required to get a Central Bank of India personal loan?

  Generally, no collateral is required for personal loans. However, under specific schemes like 'Cent Doctor', collateral such as property or clinic premises may be required. In most other cases, an employer's undertaking is sufficient.

• I work for a PSU. How do I check if my organization qualifies for a loan under Central Bank of India?

  You may be eligible under the 'Cent Ratna' scheme. To confirm, visit the official Central Bank of India website and check if your PSU is on their approved employer list.

• Does Central Bank of India require a minimum credit score for personal loans?

  While the bank may not mandate a specific credit score, having a CIBIL score of 750 or above is highly recommended to increase your chances of approval. 

• What is the maximum loan repayment tenure offered by Central Bank of India?

  The repayment tenure depends on the loan scheme. For instance, 'Cent Ratna' offers up to 60 months, while 'Cent Personal Loan Scheme' allows up to 48 months.