CentralBank of India-Rural Agri Banking
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Cent Kisan Vehicle

Purpose * To purchase Two/Four wheelers for agricultural purpose.
Eligibility *Two Wheeler: Existing borrower enjoying a limit of Rs.1.00 Lakh & Above
*Four Wheeler: Existing borrower enjoying a limit of Rs.2.50 Lakhs & above in case of CKCC/CKGC holers & Rs.1.00 Lakh & Above in case of other allied activities.
Nature of facility * Term Loan
Quantum of Loan * 2 Wheeler - 90%
* 4 Wheeler - 80%
Margin * 2 Wheeler - 10%
* 4 Wheeler - 20%
Insurance * Assets created out of loan have to be insured in full value
Interest Rate Upto Rs.50,000/-
Above Rs.50,000/- upto Rs.5.00 lacs
Above Rs.5.00 lacs upto Rs.25 lacs
Above Rs. 25 Lakhs
MCLR + 0.50%
MCLR + 1.00%
MCLR + 1.50%
MCLR + 2.00%
Processing Charges * Rs.120/- per lakh (0.12%) or part thereof subject to maximum Rs.20000/-
Documentation Charges * NIL
Repayment Period * 2 Wheelers - Within 5 Years
* 4 Wheelers - Within 7 Years
Security * Hypothecation of vehicle
* Guarantee of two persons OR Creation of Mortgage / charge on land
For further details, please contact our nearest branch.
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