Public Sector Bank (PSU)Term Loan (Capex / Expansion)All MSME Borrowers🛡️CGTMSE CoveredVerified: 2026-09-29

Central Bank of India Cent MSME General Loan

Primary Lending Institution:Central Bank of India

₹5 Lakh to ₹5 Crore MSME credit at 8.65% – 10.25% with Up to 7 years tenure.

Interest Rate8.65% – 10.25%Linked to EBLR / MCLR / Risk

Loan Amount Quantum₹5 Lakh to ₹5 CroreBased on turnover & project cost

Repayment TenureUp to 7 yearsWith moratorium where applicable

Collateral SecurityRequires audited balance sheets for limits exceeding ₹1 Crore.

What's Missing: Crucial Fine-Print & Exclusion Gaps

Requires audited balance sheets for limits exceeding ₹1 Crore.

Note: Eligo publishes these regulatory and commercial exclusions directly from bank product guidelines and CGTMSE rules to protect MSME applicants from unexpected fee debits or loan rejection surprises.

What is Central Bank of India Cent MSME General Loan?

Reliable term loan and cash credit facility for general manufacturing and commercial units across India.

Key Benefits & Features

Competitive rates linked to Cent-RBLR; flexible repayment; working capital and term credit combination.

Government Subsidy & Credit Guarantee Coverage

CGTMSE / Bank Guarantee / Normal Security

Enterprise Eligibility Criteria

Established micro and small business enterprises.

Business Vintage1+ Years in Operation

Min. Annual Turnover₹15.0 Lakh

Processing Fee0.50% + GST

Prepayment TermsZero prepayment penalty on floating rate loans as per regulatory norms

How to Apply (3 Verified Paths)

💼Path 1: Current Account Portal

Apply online via business net banking or approach loan account manager.

🌐Path 2: Official FinTech / Govt Portal

Apply online at https://www.centralbankofindia.co.in/en/cent-msme with digital KYC and financial statements.

🏢Path 3: SME Banking Center Walk-In

Visit nearest MSME branch of the institution with business registration and bank statements.

Eligo does not collect business loan applications or financial data. Apply directly on the verified official domain:

Visit Official Portal↗

Documents Required Checklist

Udyam Registration Certificate, PAN, Aadhaar, Last 2 years ITR and financial statements, 12 months GST returns, 6 months bank statement.

Frequently Asked Questions

What is the maximum loan tenure and amount for Central Bank of India Cent MSME General Loan?

Borrowers can avail ₹5 Lakh to ₹5 Crore with a repayment tenure of Up to 7 years.

What are the processing charges and collateral terms for Central Bank of India Cent MSME General Loan?

The processing fee is 0.50% + GST. Collateral terms: Requires audited balance sheets for limits exceeding ₹1 Crore.

What are the eligibility criteria for Central Bank of India Cent MSME General Loan?

Established micro and small business enterprises. Minimum business vintage required is 1 year(s).

How can an applicant apply for Central Bank of India Cent MSME General Loan?

Apply online at https://www.centralbankofindia.co.in/en/cent-msme or visit nearest branch with KYC, Udyam registration, and bank statements.