Use Central Bank Personal Loan EMI Calculator To Calculate Your Loan Installments

Aren’t you able to meet your urgent requirement of money due to poor financial conditions? You don’t have to worry because Central Bank Of India offers personal loans to the customers so that they can get the cash instantly. Central Bank Of India personal loan interest rate is starting from 11.25%. And also, the bank doesn’t charge a processing fee from you. And, with the help of tools like Central Bank personal loan EMI calculator, you can estimate the monthly loan installments of your loan. In the given article, you will know about the benefits of Central Bank personal loan & how it can be beneficial in your financial emergency.

Meet your need with Central Bank personal loans

You can fulfill your money requirement with Central Bank personal loans. The bank provides a loan amount up to Rs. 10,00,000 at an attractive rate of interest. The Central Bank Of India personal loan interest rate differs according to the individual. For salaried individuals, the interest rate is 11.25%. Whereas, the interest rate for teachers is 11.00% and 10.50%  to 10.75% for doctors.

So, you must check your monthly loan installments to know how much you have to pay on your personal loan EMIs. You can simply use a Central Bank personal loan EMI calculator to know your monthly loan installments for the borrowed principal amount.

How to use Central Bank personal loan EMI calculator?

It is an easy to use device, you just need to enter your loan details inside the Central Bank personal loan EMI calculator and it will generate your monthly loan installments. By taking into account of your borrowed principal amount, rate of interest and loan duration it gives you an accurate result. The EMI calculator works on the formula [P x R x (1+R)^N]/[(1+R)^N-1].

You can manage your loans more efficiently by using the personal loan EMI Calculator. With accurate and fast calculation of your monthly loan installments, you can choose a  suitable loan tenure to repay the borrowed loan amount.

Fee Structure of Central Bank Personal Loans

If you are a salaried or self-employed candidate then you don’t have to pay any processing fee to the bank. Otherwise, corporate, non-corporate teachers & doctors have to pay a processing fee of 0.25% of their borrowed loan amount, subject to a minimum of Rs. 500 plus S.T. With an attractive rate of interest, Central Bank Of India offers personal loans up to INR 10 lac with a loan duration up to 3 years and 4 years for corporate teachers & LIC agents.

Central Bank Of India offers personal loans to both salaried, self-employed & offers special interest rates for corporate or non-corporate LIC agents, teachers & pensioners. The bank charges an interest rate of 11.25% from salaried & self-employed individuals whereas the Central Bank of India personal loan interest rate for teachers is 11.00%. You can satisfy your urgent needs like wedding, education, vacation and medical emergency expenses with Central Bank personal loans.