Schemes of Central Bank of India

Would you please tell about the interest rate on Loan against mortgage Scheme of Central Bank of India ?

Loan against mortgage Scheme for the customers of Central Bank of India is to meet any sort of Personal or Business needs .

Nature of Facility
Term Loan and Overdraft

The Overdraft facility will be for one year and to be reviewed annually.

Loan Amount
Minimum : Rs.1 lakh

Maximum:
Rs.100.00 lakh for property located in rural area.
Rs.1000.00 lakh for property located in other areas.

Interest Rate:
Base Rate +3.50 % (10.25+3.50=13.75%)

Processing Fee
Term Loan:
0.50 % of loan amount, maximum Rs.20,000/-

Overdraft :
0.50 % of loan amount, maximum Rs.10,000/- sanction and maximum Rs.2,000/- per renewal.

Target Group
Individuals including staff, singly or jointly,
Traders,
Businessmen,
Professionals or self employed persons,
Proprietary firms,
Partnership firms (excluding Traders or partnership Firms where HUF is a partner),
Companies (excluding NBFCs)
NRIs

Contact Detail :
Central Bank of India
Chander Mukhi, Nariman Point
Mumbai – 400 021
Tel.: 022 – 6638 7777

CALL CENTER TOLL FREE NO ( 24 hours ) .-1800 200 1911

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Answered By StudyChaCha Member