Central Bank of India — review & key facts
Bank
✓ Regulated entity identified
Fact sheetevery field shows its verification state — no silent blanks
Public name
Central Bank of India
✓ Verified
Legal lender
Central Bank of India
✓ Verified
App ↔ entity relationship
Central Bank of India is the regulated bank itself — no separate lending-service-provider relationship.
∅ Not applicable
RBI evidence
Footer/policy pages reference the Banking Ombudsman Scheme 2026 and RBI-aligned grievance policy; explicit 'licensed by RBI' wording not found.
— Not disclosed
Loan amount
Cent Personal Loan Scheme: maximum ₹20 lakh (minimum not stated).
✓ Verified
Tenure
84 EMIs (in multiples of 12)
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Interest & APR
Not stated on the scheme page; links to a separate rates page not fetched.
— Not disclosed
Processing fee
1.00% of loan amount + GST (NIL for Defence personnel). Documentation charges: up to ₹2 lakh — ₹270 + GST; above — ₹450 + GST.
✓ Verified
Service fee
—
∅ Not applicable
Late-payment fee
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— Not disclosed
Prepayment / foreclosure
—
— Not disclosed
KFS
—
— Not disclosed
Eligibility & KYC
Permanent Railways/Government or confirmed private-company employees; min 1 year service (Govt) or 3 years (Private); salary account required; min gross salary ₹1.80 lakh p.a.; min CIC score 700.
✓ Verified
Disbursal route
—
— Not disclosed
Repayment route
84 monthly instalments; min net take-home 50% of gross salary after dues and loan repayments.
✓ Verified
Grievance contact
No single general Principal Nodal Officer found; issue-specific nodal officers listed (e.g. Mr. Hiren V. Rathod for failed/dispute transactions, 022-49197312, [email protected]), plus escalation via Banking Ombudsman Scheme 2026.
✓ Verified
Editorial assessment
Central Bank of India is a bank lending in its own name. Its official site publishes most of the core loan terms — compare the figures below against other lenders before applying. A grievance escalation contact is published on its official site.
Contact & registered office
Customer care1800 30 30 / 1800 203 1911
Email[email protected]
Registered officeChander Mukhi, Nariman Point, Mumbai – 400021
Grievance & complaints
No single general Principal Nodal Officer found; issue-specific nodal officers listed (e.g. Mr. Hiren V. Rathod for failed/dispute transactions, 022-49197312, [email protected]), plus escalation via Banking Ombudsman Scheme 2026.
Not resolved in 30 days? RBI Ombudsman route →Alternatives to compare
Bandhan Bank
Bandhan Bank Limited
₹50,000 – ₹25,00,000 · Flexible repayment tenure – up to 60 months · Rates & Charges page (July 2026) states floating rates '8.55% – 13.52%'. The personal-loan landing page separately advertises 'from 9.50% p.a.' (up to 3 years) and '8.86% p.a.' (more than 3 years), effective 01 Aug 2026. Both figures reported as-is; not reconciled.
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