CENT Computer Loan
A Scheme For Purchase Of Computer
Buying a PC made easy
Purpose
Purchase of Personal Computer and Laptops along with accessories.
Eligibility
All individuals including students, professionals and permanent salaried persons.
Quantum of Loan
75% of cost, subject to maximum Rs.1,00,000/- repayable in maximum 36 months.
Rate of Interest
Click here to view Interest Rates
Security
Primary: Hypothecation of Personal computer / Laptops and accessories. Collateral: Any of the following securities having market / accrued / surrender value not less than 50% of loan amount:
EM of properties;
Lien on FDRs, KVPs
NSCs, Assignment of LIC policies.
Processing Charges
Rs.500/- per proposal to be recovered immediately on sanction
Sanctioning Authority
All delegatees under their delegated powers
Other terms and conditions
Computer / Laptop and accessories will be comprehensively insured with Bank clause through Bancassurance.
In case of students, Father / guardian of the student will be principal borrower. In case student is major he will be taken as co-borrower.
Father / guardian / borrower should have known source of income to repay the installments.
In case of salaried persons the take home pay should not be less than 50% after taking in to consideration present loan installment.
Income of professional should be ascertained from last two years IT Returns.
For more Details : www.centralbankofindia.co.in
A Scheme For Purchase Of Computer
Buying a PC made easy
Purpose
Purchase of Personal Computer and Laptops along with accessories.
Eligibility
All individuals including students, professionals and permanent salaried persons.
Quantum of Loan
75% of cost, subject to maximum Rs.1,00,000/- repayable in maximum 36 months.
Rate of Interest
Click here to view Interest Rates
Security
Primary: Hypothecation of Personal computer / Laptops and accessories. Collateral: Any of the following securities having market / accrued / surrender value not less than 50% of loan amount:
EM of properties;
Lien on FDRs, KVPs
NSCs, Assignment of LIC policies.
Processing Charges
Rs.500/- per proposal to be recovered immediately on sanction
Sanctioning Authority
All delegatees under their delegated powers
Other terms and conditions
Computer / Laptop and accessories will be comprehensively insured with Bank clause through Bancassurance.
In case of students, Father / guardian of the student will be principal borrower. In case student is major he will be taken as co-borrower.
Father / guardian / borrower should have known source of income to repay the installments.
In case of salaried persons the take home pay should not be less than 50% after taking in to consideration present loan installment.
Income of professional should be ascertained from last two years IT Returns.
For more Details : www.centralbankofindia.co.in
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