Looking for a Small Business loan from Central Bank of India?

Your search ends right here. We bring you all the information you need to make a sensible and sound decision to select the best MSME loan from Central Bank of India.

MSME Loans from Central Bank of India

Being one of the oldest and largest public sector banks in India, Central Bank of India offers a wide range of financial products such as business loans, education loans, deposit schemes, etc. to its customers. Central Bank of India has sixteen different loan schemes listed on its website for MSME customers.

The MSME loans offered by Central Bank of India are:

  • Cent Mortgage Loan
  • Cent Mortgage Loan for Education Institutions
  • Cent Kalyani Loan
  • Cent Warehouse Receipt (WHR) Scheme
  • Loan to Small Road Transport Operators
  • Cent Trade Loan
  • Laghu Udyami Loan
  • Cent Doctor Loan
  • Cent Contractor Loan
  • Cent Business Gold Loan
  • Cent Construction Equipment Loan
  • Cent Food Processing Plus
  • Cent Weaver Scheme
  • Cent Stand-Up India Loan
  • Cent Mudra Loan
  • Subsidy Linked Schemes – PMEGP

We give you a brief introduction to each of these Central Bank of India small business loans below. In addition you have the option to click further and read in detail about each loan on a specific page of its own. This specific page has been made specifically for you to get all the information you need on that loan in an uncluttered and easy-to-read format. In case information is less or not available, we have been not been able to create an information page as yet, but we may do so in the course of the next few months.

Central Bank of India Cent Mortgage Loan

This loan helps businesses in the MSME sector meet their needs by availing a loan against property. The immovable property must be located in metro, urban or semi-urban centres. Property located in rural centre is also eligible for this loan if it is being mortgaged for purposes other than for agricultural use.

Features of Cent Mortgage Loan

Why this Loan?

  • The loan is meant for small business owners who want to avail a loan against immovable property for meeting business or personal needs
  • The loan can be availed as Overdraft facility (OD) or Term Loan
  • The maximum loan amount for the Central Bank of India Cent Mortgage Loan for MSME is Rs. 10 crore for property located in metro, urban and sub-urban areas and Rs. 1 crore for property located in rural area

Central Bank of India Cent Mortgage Loan for Educational Institutions

This loan helps educational institutions in the MSME sector meet their needs by availing a loan against property. The immovable property must be located in metro, urban or semi-urban centres.


Features of Cent Mortgage Loan for Educational Institutions

Why this Loan?

  • The loan is meant for educational institutions that want to avail a loan against immovable property for meeting business or personal needs
  • The loan can be availed as Overdraft facility (OD) or Term Loan
  • The maximum loan amount for the Central Bank of India Cent Mortgage Loan for Educational Institutions is Rs. 5 crore for property located in metro, urban and sub-urban areas

Central Bank of India Cent Kalyani Loan

This loan helps women running Micro and Small Enterprises fulfil their working capital and capital expenditure needs. This loan scheme is one of the bank’s initiatives to empower and encourage women to engage in income-generating activities.

Features of Cent Kalyani Loan

Why this Loan?


  • The Cent Kalyani Loan is meant for small businesses in the MSE sector run by women to finance their capital requirements
  • All MSE businesses in the manufacturing, service and trading sectors where the management is controlled by women and partnerships where a majority of partners are women are eligible for this loan

Central Bank of India Cent Warehouse Receipt (WHR) Scheme

This loan scheme is designed to provide financial assistance to farmers, traders, exporters and importers dealing with non-perishable agricultural commodities. This is a need-based loan.

Features of Central Bank of India Cent Warehouse Receipt Scheme

Why this Loan?

  • The Central Bank of India Loan Against e-NWR is perfect for small businesses that need financial assistance against negotiable warehouse receipts issued by repositories approved by WDRA for stocks or goods stored in WRDA-accredited warehouses
  • This is a short-term loan and must be repaid within 12 months

Central Bank of India Loan to Small Road Transport Operators

This loan helps Small Road Transport Operators in the Micro, Small and Medium Enterprises sector buy commercial vehicles. This loan can be availed on the purchase of brand new vehicles as well as pre-owned vehicles for business use.

Features of Central Bank of India Loan to Small Road Transport Operators

Why this Loan?

  • The Central Bank of India MSME Loan for Small Road Transport Operators is meant for Small Road Transport Operators in the MSME sector to acquire funds for purchasing new and pre-owned commercial vehicles for their business
  • The transport operators owning trucks and buses are also eligible for this loan

Central Bank of India Cent Trade Loan for MSME Units

This loan helps businesses in the MSME sector meet their working capital needs. The maximum loan amount is Rs. 5 crore for this loan.

Features of Central Bank of India Cent Trade Loan

Why this Loan?

  • The Cent Trade Loan is meant for trading businesses in the MSME sector as an Overdraft to meet their Working Capital needs
  • The bank is offering high quantum of loan in the working capital loans category to traders as compared to other banks and financial institutions in India
  • The bank may offer a term loan based on the needs of the borrower

Central Bank of India Laghu Udyami Loan

This loan helps businesses in the Micro Enterprises sector meet their capital expenditure and working capital requirements. The business must have been active for the past 3 years to be eligible for this loan.

Features of Cent Laghu Udyami Loan

Why this Loan?

  • This Central Bank of India Laghu Udyami Loan is meant for all types of businesses in the MSME sector that need financial assistance to meet their working capital and capital expenditure needs
  • The maximum loan amount sanctioned under this loan depends on the location of the business

Central Bank of India Cent Doctor Loan Scheme

This loan helps medical practitioners meet their capital expenditure for activities right from setting up a clinic, nursing home, hospital and pathology labs to purchase of equipment and ambulance. The maximum loan amount sanctioned under this loan scheme is Rs. 5 crore.

Features of Cent Doctor Loan

Why this Loan?

  • The Central Bank of India Cent Doctor Loan is meant for medical practitioners who need financial assistance in fulfilling their capital expenditure or working capital needs
  • Qualified medical practitioners from different branches of medicine such as Allopathy, Homeopathy, Unani, Ayurveda, etc. are eligible for this loan if they have experience in running the business
  • Individuals, Proprietors, LLPs, Trusts and Companies can also avail this loan

Central Bank of India Cent Contractor Loan

This loan helps MSME contractors and sub-contractors meet their fund-based and non-fund based working capital and capital expenditure requirements. Central Bank of India offers this loan scheme as a working capital loan, term loan, Letter of Credit, Bank Guarantee, etc. The maximum loan amount is Rs. 5 crore for this loan.

Features of Cent Contractor Loan

Why this Loan?

  • The Central Bank of India Cent Contractor Loan is meant for contractors and sub-contractors to meet their working capital and capital expenditure needs
  • Contractors and sub-contractors who are classified as MSME and work on Civil, Mining and Construction projects are eligible for this loan if they are performing contracts for the central government, state government, reputed Public Sector Units (PSUs), reputed Corporate entities, etc.

Central Bank of India Cent Business Gold Loan

This loan helps small businesses meet their business expenses by pledging gold ornaments. The bank offers express jewel loan counters for quick processing of the loan.

Features of Central Bank of India Cent Gold Loan

Why this Loan?

Central Bank of India Cent Construction Equipment Loan

This loan helps construction businesses in the MSME sector buy equipment, machinery or vehicles for business use. Contractors are also eligible for this loan.

Features of Cent Construction Equipment Loan

Why this Loan?

  • This Central Bank of India Cent Construction Equipment Loan is meant for construction businesses in the MSME sector that need financial assistance to purchase equipment, machinery or vehicles for business use
  • This loan is only offered for the purchase of brand-new equipment and vehicles. It is not offered for the purchase of pre-owned equipment

Central Bank of India Cent Food Processing Plus Loan

This loan helps small food and agro processing units meet their capital expenditure and working capital requirements. The business must have been active for the past 3 years to be eligible for this loan.

Features of Cent Food Processing Plus Loan

Why this Loan?

  • This Central Bank of India Cent Food Processing Plus scheme is meant for Food and Agro processing units in the MSME sector that need financial assistance to meet their working capital and capital expenditure needs
  • The maximum loan amount sanctioned under this loan depends on the needs and repayment capacity of the business

Central Bank of India Cent Weaver Credit Card Scheme

This loan helps weavers get the funds to meet their working capital and capital expenditure needs. The bank issues a credit card that the weaver can use to withdraw money from the bank’s ATM.

Features of Central Bank of India Cent Weaver Credit Card Scheme

Why this Loan?

Central Bank of India Stand-up India Loan Scheme

This loan is designed to help women and SC/ST entrepreneurs set up greenfield enterprises in India. Greenfield enterprises eligible for this loan scheme are first-time ventures of women and SC/ST beneficiaries in the manufacturing, trading and services sector.

Features of Stand-Up India Loan from Central Bank of India

Why this Loan?

  • This loan is meant for encouraging people from the SC/ST category and women entrepreneurs to set up greenfield enterprises in the manufacturing, services or trading sectors. In the case of non-individual enterprises, at least 51% of the company stakes should be held by women or people in the SC/ST category
  • The maximum loan amount for the Central Bank of India Stand-up India loan is Rs. 1 crore

Central Bank of India Mudra Loan Scheme

This loan helps unfunded individuals, proprietors and partnerships running small manufacturing units, fruit and vegetable shops, food service units, repair shops, small industries, machine operators, truck operators, etc. to get funds for their business needs. The maximum loan amount is Rs. 10 lakh.

Features of Central Bank of India Pradhan Mantri Mudra Yojana (PMMY)

Why this Loan?

  • The loan is meant for Non-corporate Small Business Segment get funds to meet their Working Capital needs
  • The Central Bank of India Mudra Loan is divided into three variants depending on the type and size of business, namely Shishu, Kishore and Tarun. The quantum of loan depends on the loan variant applicable to the business

Important Note: Even though the bank’s website has information available for few loan schemes at this time, there is a possibility that the bank may offer more loan options that are not yet published on the website. We suggest that you get in touch with the nearest branch to check the loan schemes they offer. This will also help you get a custom quote since many loan schemes are need-based and certain charges such as application charges, service charges, strategic premium, etc. may be decided on a case-to-case basis.

Interest Rate for Central Bank of India MSME Loans

  • The interest rate for Central Bank of India MSME Loans is defined as the sum of two factors, namely: Marginal Cost of Funds-based Lending Rate (MCLR) and Strategic Premium where the Strategic Premium depends on various factors including the type of business, tenure of loan, etc.

Note: Please get in touch with the bank representatives to know the interest rate applicable to any particular loan scheme.

Documents Needed for Individuals

  • Loan Application Form duly filled and signed by the applicant and co-applicant, if any
  • Two Passport Size Photographs of applicant and co-applicant
  • Personal ID Proof: Aadhaar Card, PAN Card, Passport or Driving License. PAN Card / PAN Card Issuing Letter is must
  • Signature Proof: PAN Card, Banker’s Verification, Driving License or Passport
  • Residential Address Proof (Any One): Aadhaar Card, Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
  • Income/Banking Proof: Last 6 months Bank Account Statement of applicant and co-applicant, Loan Statement of Running Loans, Latest Closed Loan NOC, Net Worth of the applicant and co-applicant
  • Security (as applicable): Margin Money, Previous and Current Sales Deed, Plant and Machinery list, Plant and Machinery Current Valuation Report, Property Photographs, Previous Property Search and Valuation Report

Documents Needed for Proprietorship and Partnership Firms

  • Loan Application Form duly filled and signed
  • Partnership Deed and Partnership Registration Certificate
  • ID Proof of the Firm: Firm PAN Card or PAN Issuing Letter
  • Office Address Proof: Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
  • Income Proof: CMA Data and Project Report, Debtors and Creditors Certificate, GST Return, Last 3 years ITR of applicant and co-applicant, Audited or CA Certified Computation of Income/Trading Account/Profit and Loss Account/Balance Sheet, Annual Audit Report and Tax Audit Report if audited, Form 16A if applicable, Net Worth of applicants, co-applicants and guarantors
  • Banking Proof: Last 1-year Statement of Company’s Major Account, Current Account, Cash Credit Account, Overdraft Account, Loan Statement of Running Loans, Latest Closed Loan NOC and Last 6-months Bank Statement of Applicant and Co-applicant’s Savings Account
  • Security (as applicable): Margin Money, Previous and Current Sales Deed, Plant and Machinery list, Plant and Machinery Current Valuation Report, Property Photographs, Previous Property Search and Valuation Report
  • Other Relevant Documents: Partnership’s Business Profile, Promoter/Guarantor’s Profile, Corporate Brochure, Business Experience Supporting Documents, Business References

Documents Needed for Private Limited and Public Limited Companies

  • Application Form duly filled and signed
  • Company ID Proof: Company’s PAN Card
  • Office Address Proof: Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
  • Business Proof: AOA and MOA, Company Incorporation Certificate, Business Commencement Certificate, Board Resolution, CA/CS verified Share Holding Pattern, ROC Annual Return, DIN Certificate, List of Directors on Company Letter Head, GST Number, Form 32 in case of Director Change
  • Income Proof: CMA Data and Project Report, Last 3 Years ITR Acknowledgement copy of Company and all Directors, Last 3 Years Annual Credit Report or Tax Audit Report with Article 3CB, Article 2D, Article 3CD, TDS Certificate/Form 16A, Net Worth Certificate
  • Banking Proof: Last 1-year Statement of Company’s Major Account, Current Account, Cash Credit Account, Overdraft Account, Loan Statement of Running Loans, Latest Closed Loan NOC and Last 6-months Bank Statement of Applicant and Co-applicant’s Savings Account
  • Security (as applicable): Margin Money, Previous and Current Sales Deed, Plant and Machinery list, Plant and Machinery Current Valuation Report, Property Photographs, Previous Property Search and Valuation Report
  • Other Relevant Documents: Company’s Business Profile, Promoter/Guarantor’s Profile, Corporate Brochure, Business Experience Supporting Documents, Business References

Reference Facts

  • Central Bank of India Website: www.centralbankofindia.co.in and www.centralbank.net.in (net banking)
  • Headquarters: Mumbai, Maharashtra
  • Call Centre Toll Free Number: 1800 22 1911, 1800 110 001, 1800 180 1111