Check your Central Bank car loan eligibility. Rate: 8.90 - 10.90% p.a. Max amount: ₹50 L.
Central Bank of India offers car loan at an interest rate of 8.90 - 10.90% p.a. with a maximum tenure of 7 years. The maximum loan amount is ₹50 L with a minimum monthly income requirement of ₹20,000.
| Loan Amount | Monthly EMI | Total Interest | Min Income Required |
|---|---|---|---|
| ₹3 Lakh | ₹6,213 | ₹72,780 | ₹10,901/mo |
| ₹4 Lakh | ₹8,284 | ₹97,040 | ₹14,534/mo |
| ₹5 Lakh | ₹10,355 | ₹1,21,300 | ₹18,167/mo |
| ₹6 Lakh | ₹12,426 | ₹1,45,560 | ₹21,801/mo |
| ₹7 Lakh | ₹14,497 | ₹1,69,820 | ₹25,434/mo |
| ₹8 Lakh | ₹16,568 | ₹1,94,080 | ₹29,067/mo |
| ₹9 Lakh | ₹18,639 | ₹2,18,340 | ₹32,701/mo |
| ₹10 Lakh | ₹20,710 | ₹2,42,600 | ₹36,334/mo |
Central Bank Car Loan interest rate ranges from 8.90 - 10.90% p.a. in 2026. The actual rate depends on your credit score, income, and loan amount.
Central Bank offers a maximum car loan of ₹50 L with a tenure of up to 7 years.
The processing fee for Central Bank Car Loan is 0.50% + GST.
Central Bank Car Loan prepayment policy: Nil after 12 months.
The minimum monthly income required is ₹20,000. Use the calculator above to check your exact eligibility based on your income.