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  #2  
July 12th, 2016, 10:27 AM
Super Moderator
 
Join Date: Mar 2013
Re: Central bank of India Used Car Loan

Hey as per your demand here I am giving you details of eligibility criteria of Central bank of India Used Car Loan

Eligibility
Minimum income required Rs.2,40,000 per annum

Interest Rate (Monthly reducing balance)
BR + 0.40% ie., 10.10%
I-Base –
9.70%

Processing Fees
0.50% of loan amount with

Amount
Minimum Rs. 2000/- and Maximum upto Rs 20,000/-

Loan Tenure
1 year to 7 years

Guarantor Requirement
Hypothecation of vehicle purchased, No Guarantor Required.

Documents required
Photo ID and age proof
Signed application form with photograph
Residence proof
Last 6 months bank statement
Documentation for salaried applicants:
Last 3 months salary – slips
Form 16 or Income Tax Returns
Documentation for self-employed applicants:
Last 3 years Income Tax Returns with computation of Income
Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account


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