Central 0f Bank of India
 
 It is the government-owned bank and it is one of the largest commercial banks in India. It is situated in Mumbai, Maharashtra(financial capital of India). The bank has total 4715 branches, 5319 ATM's and 4 extensions available in Indian states along with three Union Territories. Central Bank of India has their overseas office at Nairobi, Hong Kong and have a joint venture with Bank of India, Bank of Baroda, and with the Zambian government. The Zambian government holds 40 percent stake and other banks made 20 percent. Recently, it has also opened a representative office in Kenya. The central bank of India is one of Public Sector banks in India to get recapitalization finance from the govt. over the next 2 years. Bank has approached the Reserve Bank of India (RBI) for the permission to open representative offices in five more overseas locations i.e., Singapore, Dubai, Doha, and London Its total business at the end of the last fiscal amounted to 45,05,390(approx) million
 
Central Bank of India Two Wheeler Loan
 
Bikes or Two wheelers are the way of life in India. By providing mobility at a reasonable price, the Two wheelers has relieved the Indian middle class from drowning and hectic public transportation. For most of them, a scooter or motorbike is a symbol of convenience. In the recent past, this field has shown a downward trend, thanks to forever increase in inflation and equally rise in the interest rates on Two wheeler loans. But this proved to be cyclic as popularity Two wheelers especially bike is back with a brand new and improved models in the market with reasonable rates. Central Bank of India, a public sector bank and having headquarters in Mumbai, has already earned a great reputation in the delivery of loans.
 
 Features of the central bank of India two wheeler loan
 
  1. The customer can avail a loan of up to INR 10 Lacs.
  2. Customer  loan will be authorized on Road Price i.e., Cost of Two wheeler +  Fees of registration +  Insurance + Tax)
  3. Other extra expenses for fancy numbers cannot be funded by the bank.
  4. The loan can be sum up to INR 20 lakhs  (Minimum 10 percent)
  5. Two wheeler loans are given by Central Bank of India with floating fixed interest rates.
  6. 2 Wheeler's basic Rate with 0.40 percent
  7. Two wheeler bought under normally the security/ collateral. The fee charged by the bank must be recorded with the concerned Regional Transport Office Authorities.
  8. You can take up to 5 years to repay the loan.
Ways of Applying For Two Wheeler Loan
 
Online
 
The customer can apply for Two wheeler loans online which is available in all the banks and NBFCs offer. They offer EMI calculators which customer can use to calculate EMI amount for each month. Once a customer chooses motorbike one will know how much amount of loan one needs and based on that one can vary the tenure and rate of interest
 
Offline
 
The customer can approach directly to any branch of any bank or NBFC and apply for a loan. One can negotiate the loan rate and their tenure. One can also avail loan at the dealers, most dealers have their tie-ups with banks or NBFC where at the time of purchase one can avail a loan.
 
Eligibility Criteria
 
  1. The applicant should attain the age of minimum 21 and above but not older than 65.
  2. He/ she should have a steady flow of income.
  3. He/ She can be permanent salaried, businessman, self-employed, freelancers, independent professionals.
  4. The net annual income of an applicant should be at least INR 1.2 lakh.
  5. Even a non-resident Indians can apply for Two Wheeler Loan in Central Bank Of India.
  6. Farmers regardless of landholding engaged in the production of agricultural activities and in other related activities can apply.
Documentation
  1. Passport photocopy
  2. PAN Card copy
  3. Voter ID Card
  4. Driving License
  5. Income Papers for example bank statements/ salary slips and Income tax return (ITR) papers.
  6. Photocopy of residential address proof for example address bearing Identity Card, Rental/ Lease Agreement or Ration Card.