Central Bank of India Car Loan – Interest Rates 2018, EMI Eligibility Calculator

Central Bank of India Car Loan: Details on Central Bank of India vehicle finance schemes on Interest Rates, Documents, Eligibility, Fees and Charges, Processing Fees and EMI Calculator. You can get Cent bank loans for the Purchase of two wheeler.(New only) / four Wheeler ( New/ old car) for personal use.

Central Bank of India Car Loan Interest Rates 2018

Interest Rates 8.85% – 9.95%
Max. Loan Amount upto 75 Lakhs
Min. Income Rs.20000/- p.m
Loan Repayment 7 years
Minimum Income 2.40 Lakh annual

Compare, Calculate & Save more on Interest Rates & EMIs

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Central Bank of India Car loan EMI Calculator

Central Bank of India car loan emi calculator helps you to know how much emi per month you have to pay against the loan taken for purchasing the new car. you can select or choose the right loan amount as per your financial condition and it helps you in selecting the car variant as per your paying capacity of EMI. For calculation you have to just select the right loan amount, Interest Rate and Repayment period.

Calculate Loans EMI Online

Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
 
Monthly EMI
Total Amount with Interest
Total Interest Amount
Yearly Interest Amount

For an example, You can take a loan amount of Rs.3.50 lakh for Maruti Alto or Alto K10 car for 4 years repayment period at 8.85% rate of interest than you emi calculations are as follows:

  • Loan Amount = Rs. 3,50,000
  • Monthly Installment (EMI) = Rs. 8,685
  • Total Interest Amount = Rs. 66,873
  • Total Amount (Principal + Interest) = Rs. 4,16,873

Year Principal Interest Balance Amount
1 Rs. 76,291 Rs. 27,929 Rs. 273,709
2 Rs. 83,323 Rs. 20,897 Rs. 190,386
3 Rs. 91,004 Rs. 13,216 Rs. 99,382
4 Rs. 99,446 Rs. 4,828 Rs. 0

Quantum of Finance

  1. Two Wheeler – Rs. 10.00 lakh.
  2. New Four Wheeler- Rs.75.00 lakhs
  3. Old/Second Four Wheeler Vehicle – Rs.10.00 lakh
  4. Loan shall be sanctioned on Road Price (Cost Of vehicle + Registration Charges+ Insurance + Road Tax). Any additional cost for fancy numbers shall not be financed by Bank.

Margin

  • Loan Amount Upto Rs.20 lakh – Minimum 10%
  • Loan Amount More than Rs.20 lakh – Minimum 20%
  • Old Vehicle (Any Loan amount)- Minimum 25%

Cent Vehicle Application Forms Download

  1. Download Word Document Format
  2. Download PDF Format