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| COMPARE : PERSONAL LOAN |
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| Central Bank of India Personal Loan |
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| Introduction |
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| Central Bank of India has created personal loan for different section of society keeping in mind their requirements. Bank gives personal loan to employees of corporate clients, personal loan scheme for (Noncorporate), personal loan for commission agents of life insurance corporation of India and personal loan for teachers. |
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| Highlights |
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Salaried |
Self Employed |
| Loan Scheme |
Personal Loan |
Personal loan |
| Loan Type |
Term Loan |
Term Loan |
| Loan Amount |
Twenty times of gross salary subject to maximum of Rs.500,000/- and minimum net home pay of 40% of gross salary after taking into consideration payment of statutory dues, repayment of various loans including the instalment of proposed loan.
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Twenty times of gross salary subject to maximum of Rs.500,000/- and minimum net home pay of 40% of gross salary after taking into consideration payment of statutory dues, repayment of various loans including the instalment of proposed loan.
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| Tenure |
Min. - 12 months.
Max. - 36 months.
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Min. - 12 months.
Max. - 48 months.
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| Interest Rate |
Min. - 13.75 %
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Min. - 14.75 %
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| Time to Process Loan |
7 days |
7 days |
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 Fees & charges
Fees & charges
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Salaried |
Self Employed |
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| Comment on Charges |
Processing Fees: Rs. 500 per proposal |
Processing Fees: Rs. 500 per proposal |
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Security
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Security |
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Third party guarantee by a person having worth at least equal to loan amount and acceptable to Bank. |
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Show All Personal Loans
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