IndiaBanks.org · independent research

Personal, home, vehicle & other loans

Cent Vehicle Business

Business term loan for a new car, van, jeep, or used by an Udyam-registered lawful business, up to ₹3 crore.

Interest rateNot published as a standalone percentage on the reviewed page.Maximum financeUp to ₹3 crore.Maximum amountBusiness term loan for a new car, van, jeep, MUV or SUV used by an Udyam-registered lawful business, up to ₹3 crore.
Official product page ↗Compare category

Quick eligibility check

Cent Vehicle Business

0 of 3 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.

1Can you provide this required proof: a valid Udyam registration and business documents are required?

Published source: Minimum income

2Document checkDo you have this required document or proof: Udyam certificate, business/KYC and financial documents, vehicle quotation and registration records?

Published source: Minimum income

3Document checkDo you have this required document or proof: Applicant must carry a valid Udyam Registration Certificate and conduct lawful business activity?

Published source: Minimum income
0 of 3 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 typeBusiness term loan for a new car, van, jeep, MUV or SUV used in lawful business activity by an Udyam-registered entity.View source
The official page defines eligible vehicle types, Udyam registration and term-loan facility.
Source
Cent Vehicle Business
Page / section
Purpose and facility
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
Maximum financeUp to ₹3 crore.View source
The page states maximum Rs.3.00 Crore.
Source
Cent Vehicle Business
Page / section
Loan amount
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
Margin15% of on-road price.View source
The margin row states 15% of on-road price.
Source
Cent Vehicle Business
Page / section
Margin
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
TenureMaximum 60 months for the term loan.View source
The tenor row states maximum 60 months.
Source
Cent Vehicle Business
Page / section
Tenor
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
Collateral securityNil collateral security published on the reviewed page.View source
The page states collateral security is nil.
Source
Cent Vehicle Business
Page / section
Collateral security
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
Interest rateNot published as a standalone percentage on the reviewed page.View source
No numeric rate appears on the page.
Source
Cent Vehicle Business
Page / section
Complete rate review
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 Vehicle Business
Page / section
Complete rate review
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
Processing feeNot published on the reviewed business-vehicle page.View source
The page does not list a processing charge.
Source
Cent Vehicle Business
Page / section
Complete fee review
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
PrepaymentNot published on the reviewed page.View source
The page contains no prepayment row.
Source
Cent Vehicle Business
Page / section
Complete fee and foreclosure review
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
BenchmarkNo benchmark or numeric rate is published on the Cent Vehicle Business page; the business-loan pricing must be confirmed with Central Bank.View source
The full page gives purpose, amount, margin, tenor and collateral but no benchmark.
Source
Cent Vehicle Business
Page / section
Complete rate review
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
Minimum incomeNo minimum turnover or income amount is published; a valid Udyam registration and business documents are required.View source
The complete page specifies Udyam registration and lawful business activity but no numeric threshold.
Source
Cent Vehicle Business
Page / section
Eligibility
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
Maximum amountBusiness term loan for a new car, van, jeep, MUV or SUV used by an Udyam-registered lawful business, up to ₹3 crore.View source
The manually reviewed product summary states: “Business term loan for a new car, van, jeep, or used by an Udyam-registered lawful business, up to ₹3 crore.”.
Source
Cent Vehicle Business — official product page
Page / section
Published loan terms in product summary
Accessed
6 Sept 2026
Confidence
high
Open official source ↗

Benefits and features

  • Up to ₹3 crore
  • 15% margin on on-road price
  • Up to 60-month tenor
  • No collateral security published

Eligibility

  • Applicant must carry a valid Udyam Registration Certificate and conduct lawful business activity.

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

Documents the bank lists

  • Udyam certificate, business/ and financial documents, vehicle quotation and registration records

Related official documents

Cent Vehicle Businessofficial-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.

Vidyalaxmi · Amount / purposeSelected institutions; income-subvention bands

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

Source: Central Bank education and vehicle variant catalogue · Variant product 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 · 4 rows · 5 columnsCentral Bank education and vehicle variant termsPublished terms transcribed from official Central Bank product pages.View tableHide table

Scroll sideways to view every column

Central Bank education and vehicle variant terms
ProductAmount / purposeMargin or securityTenureCharges
VidyalaxmiSelected institutions; income-subvention bandsAAA/ nil margin; no collateral/guarantorCourse + 1 year moratorium; up to 15 yearsProcessing and prepayment nil; // charges apply
Cent Tech VidyarthiIIT/NIT; up to ₹15 lakhIncome and life-policy assignment; guarantee waivedCourse + 1 year moratorium; up to 15 yearsNo processing; ₹81 + ; ₹100 +
Cent Combo VehicleNew personal-use 4W; amount inherits vehicle schemeExisting home-loan standard asset; nil SMAVehicle scheme terms apply0.50% + , ₹2,000–₹20,000; waiver through 31 Dec 2026
Cent Vehicle BusinessNew business vehicle; up to ₹3 crore15% on-road margin; collateral nilUp to 60 monthsNot published on page
  • Standalone is not published on these pages; current rate tables or underlying Cent Vehicle terms apply where stated.
Central Bank education and vehicle variant catalogue · Variant product pages · accessed 6 Sept 2026Open official source ↗

More from Central Bank of India

Related products

Cent Combo Vehicle Scheme

Combined home-loan and vehicle facility for existing Central Bank home-loan customers with a two-year satisfactory repayment history.

View product

Cent Vidyarthi Executive MBA Loan

Education loan for or Executive at listed premier management institutes, with ₹50 lakh finance, nil margin and no collateral or third-party guarantee.

View product

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.

View product

Cent Gold Loan Scheme

Bullet-repayment demand loan against eligible 18/20/22-karat jewellery or bank-sold gold coins, from ₹10,000 to ₹60 lakh with 68%–78% .

View product