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Business Loan in Ahmedabad

Central Bank of India Business Loan Apply

Central Bank of India Business Loan in Ahmedabad

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Adiyogi Enterprises proudly partners with the Central Bank of India to bring you tailored business loan solutions designed to fuel your entrepreneurial growth. With competitive interest rates starting from just 9.25% per annum, you can secure funding up to Rs 50 Lakhs, with flexible repayment tenures of up to 7 years. Whether you're looking to expand your business, invest in infrastructure, or manage working capital, our business loan offerings are designed to meet diverse needs.

Central Bank of India Business Loan Highlights

Interest Rate Starting from 9.25% per annum
Loan Amount Up to Rs 50 Lakhs
Loan Tenure Up to 7 years
Processing Charges 1% of the loan amount (up to Rs 15,000)

Central Bank of India Business Loan Eligibility

Age
  • Minimum 21 years and maximum 65 years at loan maturity.

Income
  • Businesses should demonstrate a minimum annual turnover of Rs 12 Lakhs.

Business Experience
  • A minimum of 3 years of business continuity in the current enterprise.

Credit Score
  • A credit score of 700 or above is considered ideal for approval.

Central Bank of India Business Loan EMI Calculator

9.25

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FAQ

Frequently Asked Questions

  • 1. What types of business loans does the Central Bank of India offer?

    The Central Bank of India offers various business loans, including working capital finance, term loans, loans for MSMEs, export-import finance, and special schemes for startups and women entrepreneurs.

  • 2. What is the eligibility criteria for a business loan from the Central Bank of India?

    Eligibility criteria include factors like the type of business, annual turnover, business vintage, credit score, and financial stability. Both individuals and companies engaged in business activities can apply.

  • 3. What documents are required for applying for a Central Bank of India business loan?

    The required documents include a completed loan application form, KYC documents, proof of business existence, financial statements, tax returns, and any other documents specified by the bank.

  • 4. What is the interest rate for business loans at the Central Bank of India?

    The interest rate for business loans depends on factors like the loan amount, tenure, and the borrower's creditworthiness. The bank offers competitive rates to suit various business needs.

  • 5. How can I apply for a Central Bank of India business loan?

    You can apply for a business loan by visiting the nearest branch of the Central Bank of India, applying online through their official website, or contacting customer support for guidance.