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  #2  
July 26th, 2016, 05:09 PM
Super Moderator
 
Join Date: Mar 2013
Re: Central Bank Of India Personal Loan

Don’t worry I will let you know about Personal Loan scheme offer by Central Bank Of India to customer’s.

Eligibility
Permanent Employees of Railways, Government institutions central and State Government, schools, Hospitals etc, has completed 5 years of service and drawing salary through our branches.

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.

Repayment
48 Months -EMI or within the left over service whichever is less.

Installments to commence one month after disbursement.

Security
Salary to be routed through account maintained with our branch.

The borrower should give an irrevocable undertaking for not transferring salary account to any other Bank during currency of loan. Such undertaking should be got registered with/acknowledged by the employer.

Authority Letter to be submitted by the borrower to debit the salary account for monthly installments.

Address:-
Central Bank Of India
Chander Mukhi, Nariman Point
Mumbai – 400 021

Phone:-
022 – 6638 7777


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