Central Bank of India Business Loan
Central Bank of India, a bank headquartered in Mumbai and established in 1911, offers a business loan for amounts up to ₹25 crore, with tenures of up to 84 months. The loan is available as a Term Loan, Overdraft, or Non-Fund-Based facility, with a margin of 25%, and the bank links its rate to the Repo Linked Benchmark Rate (RBLR) without publishing a numeric range.
It covers lawful trading, servicing, manufacturing, and processing activities, excluding speculative activity and real estate, and requires a positive tangible net worth. A Udyam Registration Certificate is mandatory as documentation. Interest rate, rate type, processing fee, prepayment penalty, minimum loan amount, minimum tenure, and borrower eligibility criteria such as CIBIL score, age and income are not published for this product.
At 7.75%, Central Bank of India has one of the lowest starting rates of the 13 lenders we track for business loans.
Documents required
- Udyam Registration Certificate mandatory
As published by Central Bank of India. Your branch may ask for more.
Eligibility
Loan terms
- Margin 25%
- available as Term Loan, Overdraft, or Non-Fund-Based facility
- "attractive rate based on RBLR" (no numeric range stated)
- covers lawful trading/servicing/manufacturing/processing, excludes speculative activity and real estate
- positive tangible net worth required
Fees & charges
FAQ
Both exist. Unsecured business loans price higher; secured or scheme-backed loans (e.g. CGTMSE up to the scheme limit) can lower the rate or waive collateral. The right choice depends on ticket size and how fast you need funds.
Every row is date-stamped with the day we last checked it, and links to the lender’s published material so you can confirm it yourself. A row we confirmed against the source reads “Verified”; one we could only sight reads “as of”, and is not presented as confirmed. Anything we have not re-checked in 60 days is marked “rate under review” rather than left to look current. We do not claim a fixed re-checking cycle — the date on each row is the honest answer.
No. Viewing rates is not a credit enquiry and has no score impact. A hard enquiry happens only when you formally apply to a lender.