Personal Loan
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Cent Ratna

Purpose

Personal Loan to Permanent employees of any Maharatna/Navratna/Major PSUs. but not for speculative purpose.(List of  eligible companies  are enclosed as Annexure-I)

Loan Amount

  • 20 times of Gross Salary.
  • Maximum Rs. 6, 00,000/- per employee.

Guarantee

  • Personal guarantee of one co-employee of worth at least equal to loan amount.

Repayment

  • Maximum 60 equated monthly installments commencing from one month after the month of disbursement.

Interest Rate

  • MCLR+ 3.50% .
  • 50 basis points in Interest concession shall be provided to the borrower maintaining and operating Salary Account with the Bank's Branch.

Other Terms & Conditions

  • Net take home pay after taking into account the proposed loan installment should not be less than 40% of the gross salary.
  • Maintaining of salary account is not compulsory.
  • Borrower to open saving account with minimum balance of Rs.10,000/- and the account should be operative during the tenure of the loan.
  • Copy of borrower's mandate to be sent to the employer for salary deduction of EMI and remittance to the Bank be lodged with the Branch wherever feasible.
  • ECS Mandate to be obtained from the prospective borrowers and registered with the Banker where the salary of borrower is credited and acknowledged copy to be held on records or monthly Post dated cheques of salary account should be obtained.

Annexure-I (LIST OF MAHARATNA/NAVARATNA/MINIRATNA (OTHER PSUs) Companies )

1. Coal India Limited

43. India Tourism Development Corporation Limited

2. Indian Oil Corporation Limited

44. Indian Railway Catering & Tourism Corporation Limited

3. NTPC Limited

45. IRCON International Limited

4. Oil & Natural Gas Corporation Limited

46. KIOCL Limited

5. Steel Authority of India Limited

47. Mazagaon Dock Limited

6. Bharat Electronics Limited

48. Mahanadi Coalfields Limited

7. Bharat Heavy Electrical Limited

49. Manganese Ore (India) Limited

8. Bharat Petroleum Corporation Limited

50. Mangalore Refinery & Petrochemical Limited

9. GAIL (India) Limited

51. Mishra Dhatu Nigam Limited

10. Hindustan Aeronautics Limited

52. MMTC Limited

11. Hindustan Petroleum Corporation Limited

53. MSTC Limited

12. Mahanagar Telephone Nigam Limited

54. National Fertilizers Limited

13. National Aluminium Company Limited

55. National Seeds Corporation Limited

14. NMDC Limited

56. NHPC Limited

15. Neyveli Lignite Corporation Limited

57. Northern Coalfields Limited

16. Oil India Limited

58. Numaligarh Refinery Limited

17. Power Finance Corporation Limited

59. Pawan Hans Helicopters Limited

18. Power Grid Corporation of India Limited

60. Rashtriya Chemicals & Fertilizers Limited

19. Rashtriya Ispat Nigam Limited

61. RITES Limited

20. Rural Electrification Corporation Limited

62. SJVN Limited

21. Shipping Corporation of India Limited

63. Security Printing and Minting Corporation of India Limited

22. Airports Authority of India

64. South Eastern Coalfields Limited

23. Balmer Lawrie & Co. Limited

65. State Trading Corporation of India Limited

24. Bharat Dynamics Limited

66. Telecommunications Consultants India Limited

25. BEML Limited

67. THDC India Limited

26. Bharat Sanchar Nigam Limited

68. Western Coalfields Limited

27. Bridge & Roof Company (India) Limited

69. WAPCOS Limited

28. Central Warehousing Corporation

70. Bharat Pumps & Compressors Limited

29. Central Coalfields Limited

71. Broadcast Engineering Consultants (I) Limited

30. Chennai Petroleum Corporation Limited

72. Central Mine Planning & Design Institute Limited

31. Cochin Shipyard Limited

73. Ed.CIL (India) Limited

32. Container Corporation of India Limited

74. Engineering Projects (India) Limited

33. Dredging Corporation of India Limited

75. Ferro Scrap Nigam Limited

34. Engineers India Limited

76. HMT (International) Limited

35. Ennore Port Limited

77. HSCC (India) Limited

36. Garden Reach Shipbuilders & Engineers Limited

78. India Trade Promotion Organisation

37. Goa Shipyard Limited

79. Indian Medicines & Pharmaceuticals Corporation Limited

38. Hindustan Copper Limited

80. M E C O N Limited

39. HLL Lifecare Limited

81. National Film Development Corporation Limited

40. Hindustan Newsprint Limited

82. National Small Industries Corporation Limited

41. Hindustan Paper Corporation Limited

83. P E C Limited

42. Housing & Urban Development Corporation Limited

84. Rajasthan Electronics & Instruments Limited


For further details please contact our nearest branch or call on the toll free no. 1800 22 1911
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
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Application Form 3 for Loan of Rs.40 Crore and above Download Word Document Format
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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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