Central Bank of India Used Car Loans

Cent Vehicle Loan (Used Car)

Processing Fee

Loan Amount
₹ Up to 10 Lacs
Tenure
1 - 5 Years

Description:

Do I have to pay any margin money to avail Cent Vehicle Loan for Used Car? And how much do I have to pay?

Minimum 25% margin money of loan amount is mandatory for loans availed to purchase an old vehicle.

 

How much interest will be levied on Cent Vehicle Loan availed to purchase a second hand car?

An interest rate of 9.90% will be levied to the borrower for availing the loan either at Floating rate or Fixed rate. However, the loan availed at fixed rate of interest must be paid within 36 months of disbursal.