Central Bank of India's new products
By Our Banking Bureau | 17 Dec 2001
Mumbai: Central Bank of India has launched new products like Cent Mortgage, Cent Rentals and Cent Trade. According to a press release, its existing scheme, Cent Buy, has been modified.
Loans for four-wheelers have been raised from Rs 3 lakh to Rs 10 lakh. The banks customers can avail of loans up to Rs 5 lakh against future rentals and traders can avail of loans up to Rs 20 lakh against mortgage of immovable properties.
The processing of loan application has been simplified and the paperwork has been minimised.