Central Bank of India MUDRA Loan
About This Loan
Central Bank of India offers MUDRA loans across all three categories with a focus on priority sector lending. The bank has extensive rural and semi-urban branch network, making MUDRA loans accessible in underserved areas. Special camps and drives for MUDRA disbursement.
Maximum Amount
₹10,00,000
Interest Rate
10% – 13.50% p.a.
Tenure
Up to 5 years
Collateral
Nil
Processing Fee
Nil (Shishu) / 0.50% (Kishore & Tarun)
Eligibility
Indian citizen with viable non-farm business plan; KYC compliant; no default history with any bank.
Application Process
- 1Visit Central Bank of India branch
- 2Submit application with supporting documents
- 3Branch evaluates and processes
- 4Loan sanctioned within 7-21 days depending on category
Documents Required
- Loan application form
- Aadhaar and PAN card
- Business plan or project brief
- Bank statements (for Kishore/Tarun)
- Udyam Registration (if available)
Official Links
Related Government Schemes
Disclaimer
This information is sourced from publicly available bank and financial institution websites. EduMetrics is not a financial advisor or lending institution and does not guarantee the accuracy of interest rates, eligibility criteria, or loan terms. Please verify all details with the respective bank before applying.