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Cent Skill Loan

Vocational education and training loan for government or NSDC/State Skill Mission-supported courses, from ₹5,000 to ₹7.50 lakh with 5% margin.

Interest rateNot published as a standalone percentage; the page links Central Bank's latest interest-rate table.Finance range and margin₹5,000 minimum to ₹7.50 lakh maximum; margin 5%.Maximum amount₹7.50 lakh; minimum ₹5,000.
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Quick eligibility check

Cent Skill Loan

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.

1Do you meet this requirement: Indian national admitted to an eligible NSQF-aligned course run or supported by a government ministry/department/organisation, NSDC or State Skill Mission/Corporation?

Published source: Eligibility

2Do you meet this requirement: eligible non-NSQF courses may be on the MSDE Skill India Digital Hub?

Published source: Eligibility

3Do you meet this requirement: Eligibility is based on Indian nationality and admission to an eligible vocational course?

Published source: Minimum income

4Do you meet this requirement: finance is need-based from ₹5,000 to ₹7.50 lakh?

Published source: Minimum income

5Do you meet this requirement: Indian national admitted to an NSQF-aligned course run or supported by government/NSDC/State Skill Missions?

6Document checkDo you have this required document or proof: Admission/course documents, KYC and parent joint-borrower loan documents?

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 typeVocational education and training term loan for eligible government/NSDC/State Skill Mission-supported courses, including eligible courses onboarded on the Skill India Digital Hub.View source
The page defines the vocational education and training scope and supported course providers.
Source
Cent Skill Loan
Page / section
Student eligibility
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
EligibilityIndian national admitted to an eligible NSQF-aligned course run or supported by a government ministry/department/organisation, NSDC or State Skill Mission/Corporation; eligible non-NSQF courses may be on the MSDE Skill India Digital Hub.View source
The page publishes the Indian-national and course-provider/platform conditions.
Source
Cent Skill Loan
Page / section
Student eligibility
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
Finance range and margin₹5,000 minimum to ₹7.50 lakh maximum; margin 5%.View source
The page publishes the ₹5,000–₹7.50 lakh need-based ceiling and 5% margin.
Source
Cent Skill Loan
Page / section
Quantum and margin
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
Maximum amount₹7.50 lakh; minimum ₹5,000.View source
The page gives both minimum and maximum amounts.
Source
Cent Skill Loan
Page / section
Quantum of finance
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
Processing feeNil.View source
The processing-charge row states nil.
Source
Cent Skill Loan
Page / section
Processing charges
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
SecurityNo collateral or third-party guarantee; parent executes the loan document as joint borrower. Loan is covered under the NCGTC Credit Guarantee Scheme.View source
The page states no collateral/third-party guarantee and names parent joint-borrower and coverage.
Source
Cent Skill Loan
Page / section
Security
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
Repayment tenureAfter moratorium: up to 3 years for loans up to ₹50,000; up to 5 years for ₹50,000 to ₹1 lakh; up to 7 years above ₹1 lakh.View source
The repayment table publishes all three loan-size bands.
Source
Cent Skill Loan
Page / section
Repayment
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 row links the latest table without embedding a number.
Source
Cent Skill Loan
Page / section
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
APRNot published as a separate APR calculation on the reviewed page.View source
No calculation is shown.
Source
Cent Skill Loan
Page / section
Complete rate review
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
Prepayment / foreclosureNot published on the reviewed page.View source
The complete page contains no prepayment or foreclosure row.
Source
Cent Skill Loan
Page / section
Complete fee and foreclosure review
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
BenchmarkThe page links the latest Central Bank rate table but does not name a benchmark.View source
No named benchmark appears on the page.
Source
Cent Skill Loan
Page / section
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
Minimum incomeNo minimum income amount is published. Eligibility is based on Indian nationality and admission to an eligible vocational course; finance is need-based from ₹5,000 to ₹7.50 lakh.View source
The complete page provides course eligibility and loan-size ceilings but no minimum-income threshold.
Source
Cent Skill Loan
Page / section
Student eligibility and quantum
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
Geographic limitsIndian national admitted to an eligible NSQF-aligned course run or supported by a government ministry/department/organisation, NSDC or State Skill Mission/Corporation; eligible non-NSQF courses may be on the MSDE Skill India Digital Hub.View source
The manually reviewed product record states: “Indian national admitted to an eligible NSQF-aligned course run or supported by a government ministry/department/organisation, NSDC or State Skill Mission/Corporation; eligible non-NSQF courses may be on the MSDE Skill India Digital Hub.”.
Source
Cent Skill Loan — official product page
Page / section
Published product metadata
Accessed
6 Sept 2026
Confidence
high
Open official source ↗

Benefits and features

  • ₹5,000 minimum to ₹7.50 lakh maximum
  • 5% margin
  • Nil processing charge
  • No collateral or third-party guarantee
  • credit-guarantee coverage
  • Repayment up to seven years by loan band

Eligibility

  • Indian national admitted to an NSQF-aligned course run or supported by government/NSDC/State Skill Missions; eligible non-NSQF courses may be on the MSDE Skill India Digital Hub.

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

Documents the bank lists

  • Admission/course documents, and parent joint-borrower loan documents

Related official documents

Cent Skill Loanofficial-product-page · current · accessed 6 Sept 2026
↗

Plan before applying

Try the numbers

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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.

Cent Vidyarthi Executive · Eligibility / amountIndian national; executive work experience 2 years; max ₹50 lakh

This value is copied from Central Bank education-loan variant terms. Check the table notes before relying on it.

Source: Central Bank education-loan catalogue · Executive and Skill Loan pages Open official source ↗

Published tables

Complete rates, limits and schedules

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

Table 1 · 2 rows · 5 columnsCentral Bank education-loan variant termsPublished amount, margin, fee and repayment rows from the official pages.View tableHide table

Scroll sideways to view every column

Central Bank education-loan variant terms
ProductEligibility / amountMarginFeesRepayment / security
Cent Vidyarthi Executive Indian national; executive work experience 2 years; max ₹50 lakhNilNil processingUp to 15 years after course + 1-year moratorium; no collateral or third-party guarantee
Cent Skill LoanIndian national in eligible vocational course; ₹5,000–₹7.50 lakh5%Nil processingUp to 3/5/7 years by loan band after moratorium; parent joint borrower; cover
  • Interest rate is linked to Central Bank's latest rate table; standalone and prepayment charges are not published on these pages.
Central Bank education-loan catalogue · Executive and Skill Loan pages · accessed 6 Sept 2026Open official source ↗

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