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Cent Go Green Vehicle Scheme

Term loan for a new electric two-wheeler or four-wheeler for personal use, with income-based finance, 10%/20% margin and repayment up to 72 or 96 months.

Interest rateNot published as a standalone percentage; the page links Central Bank's latest interest-rate table.Maximum financeSalaried applicants: 24 times gross monthly salary. Other individuals: two times average annual income of the last two years. Maximum is ₹10 lakh for a new two-wheeler and ₹1 crore for a new four-wheeler.Maximum amountMaximum finance ₹1 crore for a new four-wheeler; ₹10 lakh for a new two-wheeler.
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Quick eligibility check

Cent Go Green Vehicle Scheme

0 of 6 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Does your age meet this requirement: Individuals aged 18 to 65: specified permanent salaried employees, self-employed/professional/entrepreneur applicants, farmers in production or allied activities, and NRIs applying jointly with a resident close relative for use in India?

Published source: Eligibility

2Do you meet this requirement: Maximum two applicants?

Published source: Eligibility

3Do you meet this requirement: co-borrower required when borrower is above 60?

Published source: Eligibility

4Do you meet this requirement: ₹3 lakh for a four-wheeler and ₹1.80 lakh for a two-wheeler?

Published source: Minimum gross annual income

5Does your age meet this requirement: Individuals aged 18 to 65 may apply?

6Document checkDo you have at least one of these required documents: KYC, income/employment or farm-income evidence, vehicle quotation and registration/security documents; documentation fee is nil?

Published source: Eligibility
0 of 6 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 6 Sept 2026 · active
Offered byCentral Bank of India

India

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Loan typeCent Grih Lakshmi uses the underlying Cent Home Loan facility; the variant page does not define a separate facility type.View source
The page says all other Cent Home Loan terms and conditions apply.
Source
Cent Grih Lakshmi
Page / section
All other terms
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
EligibilityIndividuals aged 18 to 65: specified permanent salaried employees, self-employed/professional/entrepreneur applicants, farmers in production or allied activities, and NRIs applying jointly with a resident close relative for use in India. Maximum two applicants; co-borrower required when borrower is above 60.View source
Central Bank publishes age, applicant classes, , applicant-count and over-60 co-borrower rules.
Source
Cent Go Green Vehicle Scheme
Page / section
Eligibility
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
Minimum gross annual income₹3 lakh for a four-wheeler and ₹1.80 lakh for a two-wheeler.View source
The income table publishes separate four-wheeler and two-wheeler thresholds.
Source
Cent Go Green Vehicle Scheme
Page / section
Minimum income criteria
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
Maximum financeSalaried applicants: 24 times gross monthly salary. Other individuals: two times average annual income of the last two years. Maximum is ₹10 lakh for a new two-wheeler and ₹1 crore for a new four-wheeler.View source
The page publishes both income formulas and vehicle-specific maximums.
Source
Cent Go Green Vehicle Scheme
Page / section
Quantum of loan amount
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
MarginMinimum 10% for loan amounts up to ₹20 lakh; minimum 20% above ₹20 lakh. On-road price may include vehicle, registration, road tax and insurance; fancy-number and accessory costs are excluded.View source
Central Bank publishes the two margin bands and eligible on-road components.
Source
Cent Go Green Vehicle Scheme
Page / section
Margin
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
Processing feeNo processing-fee amount is published on the reviewed Cent Vidyarthi page.View source
The page publishes margin, security and insurance but no processing-fee row.
Source
Cent Vidyarthi Scheme
Page / section
Complete fee review
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
Repayment periodUp to 72 months for a two-wheeler and up to 96 months for a four-wheeler.View source
Central Bank publishes separate two- and four-wheeler tenors.
Source
Cent Go Green Vehicle Scheme
Page / section
Repayment period
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
Security and guaranteeHypothecation of the purchased vehicle registered on the VAHAN portal. Personal guarantee is not required up to ₹25 lakh, for specified government/PSU/bank employees or CIC score above 750; above ₹25 lakh, listed salary-account, employer-undertaking, collateral, liquidity, margin or five-year relationship conditions can waive it, otherwise a personal guarantee is required.View source
The page gives the hypothecation and detailed guarantee-waiver conditions.
Source
Cent Go Green Vehicle Scheme
Page / section
Security and guarantee
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
EMI/NMI ratioMaximum EMI/NMI is 55% up to ₹5 lakh net annual income, 60% above ₹5 lakh to ₹10 lakh and 65% above ₹10 lakh. NMI excludes statutory deductions/taxes but includes existing and proposed EMIs in the calculation.View source
The published table gives all three income bands and the calculation note.
Source
Cent Go Green Vehicle Scheme
Page / section
/ ratio
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
Minimum CIC scoreTransUnion CIBIL, Experian, Equifax and CRIF: 700.View source
The page publishes a 700 threshold for each listed .
Source
Cent Go Green Vehicle Scheme
Page / section
Minimum score
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
Interest rateNot published as a standalone percentage; the page links Central Bank's latest interest-rate table.View source
The rate row links the current table without embedding a number.
Source
Cent Go Green Vehicle Scheme
Page / section
Rate of interest
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
APRNot published as a separate APR calculation on the Cent Grih Lakshmi page.View source
No calculation is shown.
Source
Cent Grih Lakshmi
Page / section
Complete rate review
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
Maximum amountMaximum finance ₹1 crore for a new four-wheeler; ₹10 lakh for a new two-wheeler.View source
The page publishes the vehicle-specific maximums.
Source
Cent Go Green Vehicle Scheme
Page / section
Maximum loan amount
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
Prepayment / foreclosureNot published on the reviewed Cent Go Green Vehicle page.View source
The page publishes processing charges but no prepayment or foreclosure row.
Source
Cent Go Green Vehicle Scheme
Page / section
Complete fee and foreclosure review
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
BenchmarkThe Cent Go Green Vehicle page links the latest Central Bank rate table but does not name a benchmark.View source
No benchmark is named on the page.
Source
Cent Go Green Vehicle Scheme
Page / section
Rate of interest
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
Geographic limitsIndividuals aged 18 to 65: specified permanent salaried employees, self-employed/professional/entrepreneur applicants, farmers in production or allied activities, and NRIs applying jointly with a resident close relative for use in India. Maximum two applicants; co-borrower required when borrower is above 60.View source
The manually reviewed product record states: “Individuals aged 18 to 65: specified permanent salaried employees, self-employed/professional/entrepreneur applicants, farmers in production or allied activities, and applying jointly with a resident close relative for use in India. Maximum two applicants; co-borrower required when borrower is above 60.”.
Source
Cent Go Green Vehicle Scheme — official product page
Page / section
Published product metadata
Accessed
6 Sept 2026
Confidence
high
Open official source ↗

Benefits and features

  • Finance new electric two- and four-wheelers for personal use
  • Maximum ₹10 lakh for a new two-wheeler and ₹1 crore for a new four-wheeler
  • Processing-fee waiver published through 31 December 2026
  • No documentation fee
  • threshold 700 across TransUnion , Experian, Equifax and CRIF

Eligibility

  • Individuals aged 18 to 65 may apply; farmers, specified salaried/self-employed groups and cases with a resident close-relative co-borrower are listed. Maximum two applicants; co-borrower required above age 60.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • , income/employment or farm-income evidence, vehicle quotation and registration/security documents; documentation fee is nil

Related official documents

Cent Go Green Vehicle Schemeofficial-product-page · current · accessed 6 Sept 2026
↗

Plan before applying

Try the numbers

Private, instant and based on the values you enter.

Try your numbers

Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees
Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees
Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

Minimum gross annual income · Two-wheeler₹1.80 lakh

This value is copied from Cent Go Green Vehicle published terms. Check the table notes before relying on it.

Source: Cent Go Green Vehicle Scheme · Income, quantum, margin, processing fee and repayment tables Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 5 rows · 3 columnsCent Go Green Vehicle published termsVehicle-specific limits, fees, tenure and eligibility bands from the official scheme page.View tableHide table

Scroll sideways to view every column

Cent Go Green Vehicle published terms
TermTwo-wheelerFour-wheeler
Minimum gross annual income₹1.80 lakh₹3 lakh
Maximum loan₹10 lakh₹1 crore
Margin10% up to ₹20 lakh; 20% above10% up to ₹20 lakh; 20% above
Processing fee0.50%; min ₹500; max ₹2,0000.50% + ; min ₹2,000; max ₹20,000 +
RepaymentUp to 72 monthsUp to 96 months
  • Full processing-fee waiver is published through 31 December 2026; interest rate is linked to the latest Central Bank rate table.
Cent Go Green Vehicle Scheme · Income, quantum, margin, processing fee and repayment tables · accessed 6 Sept 2026Open official source ↗

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