Central Bank of India Computer Loan

CENT Computer Loan

A Scheme For Purchase Of Computer
Buying a PC made easy

Purpose

  Purchase of Personal Computer and Laptops along with accessories.

Eligibility

  All individuals including students, professionals and permanent salaried persons.

Quantum of Loan

  75% of cost, subject to maximum Rs.1,00,000/- repayable in maximum 36 months.

Rate of Interest

  Click here to view Interest Rates

Security

  Primary: Hypothecation of Personal computer / Laptops and accessories. Collateral: Any of the following securities having market / accrued / surrender value not less than 50% of loan amount:
EM of properties;
Lien on FDRs, KVPs
NSCs, Assignment of LIC policies.

Processing Charges

  Rs.500/- per proposal to be recovered immediately on sanction

Sanctioning Authority

  All delegatees under their delegated powers

Other terms and conditions

  Computer / Laptop and accessories will be comprehensively insured with Bank clause through Bancassurance.


In case of students, Father / guardian of the student will be principal borrower. In case student is major he will be taken as co-borrower.
Father / guardian / borrower should have known source of income to repay the installments.

In case of salaried persons the take home pay should not be less than 50% after taking in to consideration present loan installment.
Income of professional should be ascertained from last two years IT Returns. 


For more Details  :       www.centralbankofindia.co.in