Get Lowest Personal Loan Interest Rate ✓ Loan up to 50 Lakhs ✓ Quick Disbursal ✓ Minimum Documentation! Check Eligibility

If you wish to meet financial obligations of varied nature, be it for personal purposes, or to expand your business, you can opt for a Central Bank of India Personal Loan. Of the many forms of loans that the bank offers, some include the Central Bank Personal Loan, the Central Bank Personal Gold Loan, and the Central Bank Pensioners Loan– to cater to the varying needs of different borrowers. When you opt for a Central Bank of India Personal Loan, you can avail of a maximum of ₹10 Lakhs, for a tenure of up to 5 years. The interest rate on your loan will vary between 9.85% and 11.45% per annum. Read on to learn more about the Central Bank Personal Loan.

Central Bank Personal Loan Interest Rate

When you opt for a Central Bank of India Personal Loan, the rate of interest applicable varies from loan to loan. Listed succinctly below are the Central Bank of India Personal Loan interest rates applicable on various loans:

Loan Variant

Rate of Interest

Central Bank Personal Loan


Central Bank Pensioners


**Disclaimer: Interest rates are subject to market conditions and financial institutions’ discretion.

Central Bank Personal Loan Features & Benefits

To better understand the advantages of opting for a Central Bank of India Personal Loan, refer to the features and benefits listed below:



Rate of Interest

9.85% - 11.45%

Maximum Loan Amount

₹10 Lakhs

Loan Tenure

Up to 5 years

Process Fee Applicable


Central Bank Personal Loan Eligibility Criteria

Listed below is the eligibility criteria if you wish to apply for various forms of the Central Bank of India Personal Loan:

1. Central Bank Personal Loan Scheme

  • Full-time/Permanent Employees engaged with the Central or State Government, Railways, Schools, Hospitals, or Municipal Bodies – for at least one year, can apply.

  • Full-time/Permanent Employees engaged with Indian companies or MNCs for at least 3 years, can apply.


2. Central Bank Pensioners

  • Pensioners, or family pensioners who draw a salary from the Central Bank of India can apply.

Central Bank Personal Loan EMI Calculator

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How to Apply for a Central Bank Personal Loan

If you wish to apply for a Central Bank of India Personal Loan, follow the steps listed below:

  • Step 1: First, visit the official website of the Central Bank of India, and under the ‘Loan’ tab, click on the ‘Personal Loan’ section.

  • Step 2: After this, click on the ‘Apply Now’ tab to proceed. If you are an existing customer, log in using your credentials, and enter the OTP, you receive.

  • Step 3: If you happen to be a new customer, enter the required personal details such as your name, your email id, and your mobile number.

  • Step 4: After this, once you have completed creating your profile, proceed by submitting the application form and all the necessary documents, so as to proceed to apply for a Personal Loan.

  • Step 5: Once the bank reviews your documents and approves of the same, your loan will be disbursed.


If you wish to, you can also apply for a Central Bank of India Personal Loan offline, by visiting the nearest Central Bank of India branch and filling out the application form.

Documents Required for Central Bank Personal Loan

When applying for a Central Bank of India Personal Loan, along with the Central Bank of India loan application form, you must also furnish the following documents:

  • Identity Proof such as your Passport, Aadhaar Card, Voter ID Card, or Driving Licence

  • Proof of Address such as Electricity Bill, Telephone Bill, Aadhaar Card, Passport, Ration Card, Driving Licence, or Bank Account Statement

  • Proof of Income such as Salary Slips, ITR, Bank Account Statements, or Form 16.


The information and suggestions provided by BFDL hereinabove is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial advice or endorsement of any sort.

The information including interest rates or fees, loan amount and other charges with regard to any product, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks or NBFCs. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any application or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.

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What is the maximum Personal Loan amount that can be sanctioned by Central Bank?

The maximum Central Bank of India Personal Loan amount sanctioned by the bank is Rs. 10 Lakhs.

Is there an age limit to apply for Central Bank Personal Loan?

To apply for a Central Bank of India Personal Loan, you must be at least 21 years of age, and not more than 58 years of age.

How much time is taken for the Central Bank Personal Loan to be approved?

The bank tries its best to disburse the loan amount within 4 to 7 working days after the documents have been uploaded and verified.

How can I calculate Central Bank Personal Loan EMI?

You can calculate the Central Bank of India Personal Loan EMI by accessing the EMI Calculator available on the website.

How can I get in touch with Central Bank customer care?

You can get in touch with the Central Bank of India’s customer care at the toll-free number: 1800 22 1911.

Is there a minimum credit score that I need to get a personal loan from the Central Bank of India?

There is no set CIBIL score requirement for a personal loan mentioned by the Central Bank of India. However, having a score of 750 or above is considered ideal and can increase the chances of your application being approved.

What is the maximum repayment tenure offered on personal loans from the Central Bank of India?

The maximum repayment tenure for a Central Bank of India Personal Loan is 84 months (7 years).

Can I get a personal loan from the Central Bank of India if I do not have a salary account with them?

You can get a personal loan from the Central Bank of India, regardless of whether you have a salary account with them. However, having an account with the bank can be beneficial for you as it may increase the chances of your loan application being approved.

Does the Central Bank offer pre-approved instant personal loans?

Yes, the Central Bank of India does offer pre-approved Personal Loans on its portal. Reach out to the bank and check whether you are eligible for such offers.

Will there be any charges for prepayment towards my Central Bank of India Personal Loan?

You are usually required to pay a 1% fee when you opt to make a prepayment for your Central Bank of India Personal Loan.

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