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Personal, home, vehicle & other loans

Cent Vehicle Loan

Term loan for a new personal-use two- or four-wheeler, with income-based finance, 10%/20% margin and repayment up to 60 or 84 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 ₹10 lakh for a new two-wheeler and ₹2 crore for a new four-wheeler.Maximum amount₹10 lakh for a new two-wheeler and ₹2 crore for a new four-wheeler.
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Quick eligibility check

Cent Vehicle 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.

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 jointly with a resident close relative?

Published source: Eligibility

2Do you meet this requirement: Maximum two applicants?

Published source: Eligibility

3Does your age meet this requirement: co-borrower required above age 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 from the published salaried, self-employed, professional, entrepreneur, farmer and NRI categories may apply?

6Document checkDo you have at least one of these required documents: KYC, income/employment or farm evidence, vehicle quotation and registration/security 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 typeTerm loan for a new two- or four-wheeler for personal use; vehicles for hiring or ferrying passengers are excluded.View source
The purpose row limits finance to a new personal-use vehicle.
Source
Cent Vehicle
Page / section
Purpose and facility
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 jointly with a resident close relative. Maximum two applicants; co-borrower required above age 60.View source
Central Bank publishes age, applicant classes, , applicant-count and co-borrower rules.
Source
Cent Vehicle
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 page publishes separate four-wheeler and two-wheeler thresholds.
Source
Cent Vehicle
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 ₹10 lakh for a new two-wheeler and ₹2 crore for a new four-wheeler.View source
The page publishes income formulas and vehicle-specific maximums.
Source
Cent Vehicle
Page / section
Quantum of loan amount
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
Maximum amount₹10 lakh for a new two-wheeler and ₹2 crore for a new four-wheeler.View source
The page gives separate maximums for new two- and four-wheelers.
Source
Cent Vehicle
Page / section
Maximum loan amount
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
MarginMinimum 10% for loans up to ₹25 lakh and 20% above ₹25 lakh. On-road price can include vehicle, registration, road tax and insurance; fancy numbers and accessories are excluded.View source
Central Bank publishes the margin bands and eligible on-road components.
Source
Cent Vehicle
Page / section
Margin
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
Processing and documentation feeTwo-wheeler: 0.50% of loan amount, minimum ₹500 and maximum ₹2,000. Four-wheeler: 0.50% plus GST, minimum ₹2,000 plus GST and maximum ₹20,000 plus GST. Full processing-fee waiver through 31 December 2026; documentation fee nil.View source
The fee rows publish vehicle-specific slabs, treatment, waiver and nil documentation fee.
Source
Cent Vehicle
Page / section
Processing and documentation charges
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
Repayment periodUp to 60 months for a two-wheeler and up to 84 months for a four-wheeler.View source
Central Bank publishes separate two- and four-wheeler tenors.
Source
Cent Vehicle
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, undertaking, collateral, liquidity, margin or five-year relationship conditions can waive it, otherwise a personal guarantee is required.View source
The page gives hypothecation and guarantee-waiver conditions.
Source
Cent Vehicle
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; existing and proposed EMIs are included in the ratio calculation.View source
The published table gives all three income bands and the calculation note.
Source
Cent Vehicle
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 Vehicle
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 Vehicle
Page / section
Rate of interest
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
Page / section
Complete rate review
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
Prepayment / foreclosureNot published on the reviewed Cent Vehicle page.View source
The page publishes processing and documentation charges but no prepayment row.
Source
Cent Vehicle
Page / section
Complete fee and foreclosure review
Accessed
6 Sept 2026
Confidence
high
Open official source ↗
BenchmarkThe page links Central Bank's latest interest-rate table but does not name a benchmark.View source
No named benchmark appears on the page.
Source
Cent Vehicle
Page / section
Rate of interest
Accessed
6 Sept 2026
Confidence
high
Open official source ↗

Benefits and features

  • New two-wheeler finance up to ₹10 lakh
  • New four-wheeler finance up to ₹2 crore
  • Processing-fee waiver published through 31 December 2026
  • Nil documentation fee
  • 700 threshold across four bureaus

Eligibility

  • Individuals aged 18 to 65 from the published salaried, self-employed, professional, entrepreneur, farmer and categories may apply; maximum two applicants and co-borrower above age 60.

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

Documents the bank lists

  • , income/employment or farm evidence, vehicle quotation and registration/security documents

Related official documents

Cent Vehicleofficial-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 Vehicle published terms. Check the table notes before relying on it.

Source: Cent Vehicle · 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 Vehicle published termsVehicle-specific limits, fees, tenure and eligibility bands from the official page.View tableHide table

Scroll sideways to view every column

Cent Vehicle published terms
TermTwo-wheelerFour-wheeler
Minimum gross annual income₹1.80 lakh₹3 lakh
Maximum loan₹10 lakh₹2 crore
Margin10% up to ₹25 lakh; 20% above10% up to ₹25 lakh; 20% above
Processing fee0.50%; min ₹500; max ₹2,0000.50% + ; min ₹2,000; max ₹20,000 +
RepaymentUp to 60 monthsUp to 84 months
  • Full processing-fee waiver is published through 31 December 2026; interest rate is linked to the latest Central Bank rate table.
Cent Vehicle · Income, quantum, margin, processing fee and repayment tables · accessed 6 Sept 2026Open official source ↗

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