Personal Loan
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Cent Rental

Sr.no.   Description
1 Eligibility
  • The private educational institutions incorporated as Society/Trust, should be in existence for minimum 5 years and at least 2 batches of students should have passed out from the institute affiliated to different Educational Boards/Universities recognized by Government / UGC/any Statutory Body like AICTE/IMC etc.
  • Loan is allowed against mortgage of immovable property with Institute building located in Metro / Urban / Semi-urban centers.
  • Institute should not be engaged in Real Estate/Speculative/Capital Market activity.
  • The Educational Institution should open their operating a/cs, salary accounts of faculty/staff and to the extent possible students' accounts with our Branch.
2 Purpose To meet any sort of operational expenses, but not for any speculative purpose / Real Estate activity / Capital Market activity.
3 Nature of Facility
  • Term Loan and Overdraft
  • The Overdraft facility will be for one year and to be reviewed annually.
4 Loan Amount Amt of loan: Minimum Rs.1lakh., Maximum Rs. 500 lakh depending on average annual cash accrual (PAT+Depreciation), other liabilities, property value etc.
5 Security
  • EM of non-encumbered Land with Building in the name and possession of the Institute, located in Metro/Urban/Semi-urban centres.
  • The value of security should be minimum 200% of the loan amount.
  • The property should not be meant for real estate activity.
6 Insurance The property will be insured against all appropriate hazards with bank's clause for full value of the property.
7 Guarantee Personal Guarantee of Trustees (Trust)/ Principal Society Members like Chairman, Secretary, Treasurer (Society) to be taken.
8

Interest Rate

  • MCLR+3.50 %
  • In case of any default in payment of interest/EMI, Penal Interest to be charged @ 2 % over sanctioned interest rate for the overdue amount and overdue period.
9 Processing Fee
  • Term Loan: 0.50 % of loan amount, maximum Rs.20,000/-
  • Overdraft: 0.50 % of loan amount, maximum Rs.10,000/-, renewal charges to be levied @ 0.50%, maximum Rs.2000/- per renewal.
10 Prepayment Charges
  • Nil, in case prepaid from borrower's own sources.
  • If the loan a/c is taken over by other Bank/FI, prepayment charges to be levied @ 1% of loan outstanding as on the date of such take over.
11 Repayment
  • Loan is to be repaid in Maximum 120 equated monthly installments (EMIs), commencing from next month of disbursement.
  • Repayment of EMIs through ECS mandate/ Post dated cheques.
12 Take over
  • Take over is allowed.
  • On take over, the Institute should deal exclusively with our Bank and operating accounts of the Institute should be maintained with the Bank's Branch.
Loan type Forms
Application Form 1 for Loan of Rs.5 Crore to Rs.15 Crore Download Word Document Format
Download PDF Format
Application Form 2 for Loan of Rs.15 Crore to Rs.40 Crore Download Word Document Format
Download PDF Format
Application Form 3 for Loan of Rs.40 Crore and above Download Word Document Format
Download PDF Format
Standardised Common Loan Application Form for Agriculture Credit Download PDF Document Form
Common Application Form (Required for all loan schemes). Download Word Document Format
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Cent Buy Download Word Document Format
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Cent Computer Download Word Document Format
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Cent Liquid Download Word Document Format
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Cent Mortgage Download Word Document Format
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Cent Trade Download Word Document Format
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Cent Vyapari Download Word Document Format
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Housing Loan Application Download Word Document Format
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Cent Home Loan Plus Download Word Document Format
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Cent Suvidha Download Word Document Format
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Cent Vehicle Download Word Document Format
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Cent Vidyarthi Download Word Document Format
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Cent School Download Word Document Format
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Teacher's Loan Download Word Document Format
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Cent Rental Download Word Document Format
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Cent Doctor Download Word Document Format
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Cent Swabhiman Download Word Document Format
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Personal Loan for Pensioners Download Word Document Format
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Personal Loan to Employees of Corporate Sector Download Word Document Format
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Personal Loan to Employees of Non-Corporate Sector Download Word Document Format
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Loan to LIC Agents Download Word Document Format
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Loan to MSEs Download PDF Format
Cent Sahyog (form for upto 10 lakhs) Download PDF Format
Cent Sahyog (form for above 10 lakhs) Download PDF Format
Application for Agricultural Loans Download PDF Format

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