What are the terms and conditions of cent computer loan by Central Bank of India?

1 ANSWERS

1. Banking Expert
   

   Computer / Laptop and accessories will be comprehensively insured with Bank clause through Bancassurance. In case of minor students, father / guardian of the student will be principal borrower. In case student is major, he will be taken as co-borrower, with father / guardian of the student will be principal borrower. Father / guardian / borrower should have known source of income to repay the installments. In case of salaried persons the take home pay should not be less than 50% after taking in to consideration present loan installment. Income of professional should be ascertained from last two years IT Returns.

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