Central Bank of India Two-Wheeler Loan
A two-wheeler loan helps an individual buy a motorcycle or scooter by spreading the cost of the vehicle across scheduled instalments instead of paying the full amount upfront. It is a secured retail loan, so the two-wheeler being purchased is hypothecated to the lender until the borrowing is fully repaid, and it is typically used by salaried employees, self-employed persons and others who need personal transport for commuting and everyday travel.
Central Bank of India, a public sector bank established in 1911 and headquartered in Mumbai, offers this financing under its Cent Vehicle scheme, which covers the purchase of new two-wheelers and four-wheelers intended for personal use. The bank's version emphasises that the loan is meant strictly for personal use and is not to be used for hiring out the vehicle or ferrying passengers commercially.
Central Bank of India allows co-applicants to be added, which can support the borrower's eligibility assessment, and the vehicle purchased serves as the security for the advance. Applications are assessed against the bank's income and eligibility norms, and sanction is subject to the applicant meeting those criteria and completing documentation. As a scheme from a long-established government bank, it is positioned for borrowers who want financing for a personally owned two-wheeler through a branch-based public sector lender.
No verified interest rate is available for the Central Bank of India two-wheeler loan.
Eligibility
Loan terms
- Offered under Central Bank of India's Cent Vehicle scheme covering purchase of new two-wheelers for personal use
- The two-wheeler being purchased is hypothecated to the bank as security until the loan is fully repaid
- Restricted to personal use; the vehicle is not to be used for hiring out or ferrying passengers commercially
- Co-applicants can be added to support the borrower's eligibility assessment
Documents
- PAN and Aadhaar
- Income / bank statement proof
- Address proof
- Vehicle quotation
Fees & charges
FAQ
Manufacturer-captive schemes (e.g. subvented festive offers) can carry very low headline rates, but check the processing fee and any bundled add-ons — the effective cost is what matters. Compare against a bank two-wheeler loan.
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.