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 typeTerm loan for personal/domestic expenses and takeover of an existing loan.View source
Central Bank lists personal/domestic expenses and takeover, with term-loan facility.
- Source
- Cent Personal Loan Scheme
- Page / section
- Purpose and Facility
- Accessed
- 6 Sept 2026
- Confidence
- high
Minimum incomeMinimum gross salary ₹1.80 lakh per year.View source
The page states minimum gross salary of ₹1.80 lakh per annum.
- Source
- Cent Personal Loan Scheme
- Page / section
- Eligibility and minimum gross salary
- Accessed
- 6 Sept 2026
- Confidence
- high
Maximum finance24 times gross salary, subject to a maximum of ₹20 lakh; net take-home pay must be at least 50% of gross salary after statutory dues and all loan instalments. A 40% take-home threshold is permitted where an employer undertaking is available.View source
Central Bank publishes the 24-times formula, ₹20 lakh cap and take-home rules.
- Source
- Cent Personal Loan Scheme
- Page / section
- Quantum of Finance
- Accessed
- 6 Sept 2026
- Confidence
- high
Repayment period84 equated monthly instalments, in multiples of 12.View source
The page specifies 84 in multiples of 12.
- Source
- Cent Personal Loan Scheme
- Page / section
- Repayment period
- Accessed
- 6 Sept 2026
- Confidence
- high
EligibilityPermanent railway, government, school, hospital, municipal-body and similar employees need at least one year of service; confirmed/
Central Bank publishes separate service-period rules for specified public and private employers.
- Source
- Cent Personal Loan Scheme
- Page / section
- Eligibility
- Accessed
- 6 Sept 2026
- Confidence
- high
Processing and documentation fee1.00% of loan amount plus GST; nil for defence personnel. Documentation is ₹270 plus GST up to ₹2 lakh and ₹450 plus GST above ₹2 lakh; nil for defence personnel.View source
The page publishes processing and documentation charges and defence concessions.
- Source
- Cent Personal Loan Scheme
- Page / section
- Processing and documentation charges
- Accessed
- 6 Sept 2026
- Confidence
- high
Guarantee / securityEmployer irrevocable undertaking in Central Bank's prescribed format or at least one acceptable guarantor with net worth equal to the loan amount. A personal guarantee may be waived for Class I government employees with CIC score above 750; if salary credit is under six months or no undertaking, CIC 800+ may need no guarantor and CIC 750+ needs one.View source
Central Bank lists undertaking/guarantor routes and the -based exceptions.
- Source
- Cent Personal Loan Scheme
- Page / section
- Guarantee / Employer's undertaking
- Accessed
- 6 Sept 2026
- Confidence
- high
Interest rateThe page links to Central Bank's latest interest-rate table rather than stating a standalone percentage.View source
The rate section directs users to the latest rate table.
- Source
- Cent Personal Loan Scheme
- Page / section
- Rate of Interest
- Accessed
- 6 Sept 2026
- Confidence
- high
APRNot published as a separate APR calculation on the reviewed Cent Personal Loan page.View source
The page links the latest interest rate but does not publish an calculation.
- Source
- Cent Personal Loan Scheme
- Page / section
- Complete rate review
- Accessed
- 6 Sept 2026
- Confidence
- high
Prepayment / foreclosure chargeNot published on the reviewed Cent Personal Loan page.View source
The reviewed page publishes processing and documentation charges but no prepayment figure.
- Source
- Cent Personal Loan Scheme
- Page / section
- Complete fee and foreclosure review
- Accessed
- 6 Sept 2026
- Confidence
- high
BenchmarkNot named on the reviewed page; the rate section links to Central Bank's current interest-rate table.View source
No named benchmark is shown in the page text.
- Source
- Cent Personal Loan Scheme
- Page / section
- Rate of Interest
- Accessed
- 6 Sept 2026
- Confidence
- high
Maximum amountPersonal/
The manually reviewed product summary states: “Personal/domestic-expense and takeover term loan for qualifying government, railway, institutional and corporate employees, up to ₹20 lakh or 24 times gross salary.”.
- Source
- Cent Personal Loan Scheme — official product page
- Page / section
- Published loan terms in product summary
- Accessed
- 6 Sept 2026
- Confidence
- high
Geographic limitsPermanent railway, government, school, hospital, municipal-body and similar employees need at least one year of service; confirmed/
The manually reviewed product record states: “Permanent railway, government, school, hospital, municipal-body and similar employees need at least one year of service; confirmed/permanent Indian or multinational-company employees need at least three years. A Central Bank salary account and permanent employment are required.”.
- Source
- Cent Personal Loan Scheme — official product page
- Page / section
- Published product metadata
- Accessed
- 6 Sept 2026
- Confidence
- high
Benefits and features
- Up to 24 times gross salary subject to ₹20 lakh maximum
- 84 equated monthly instalments in multiples of 12
- Defence personnel processing and documentation charges waived
- Employer undertaking or acceptable guarantor routes
Eligibility
- Permanent employees of specified government/
institutional employers need one year of service; confirmed permanent employees of Indian or multinational companies need three years; salary account with Central Bank and minimum gross salary ₹1.80 lakh per year are required.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- , salary and employment proof, salary-account details, employer undertaking or guarantor documents as applicable
Related official documents
Cent Personal Loan Schemeofficial-product-page · current · accessed 6 Sept 2026
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