Central Bank of India has launched two new schemes, ‘Cent Home Double Plus Scheme’ and ‘Cent Aspire Deposit Scheme’ on November 17, 2014. Both the products are focused on customer-needs and offer something extra to the customers.
The ‘Cent Home Double Plus Scheme’ has been launched as a customer friendly housing loan scheme in the shape of overdraft facility in housing loan. Under the scheme, the borrower may deposit any amount in excess to home loan EMI and have the convenience of withdrawing such excess amount deposited as per his requirement. The scheme also facilitates prepayment without any penalty or charges. This scheme is favourable to the customers for saving interest on their housing loan.
In addition to Home Loan as an overdraft facility, the borrower can avail loans for repair, renovation, extension of house, furnishing, for purchase of consumer durables, furniture, vehicle loan for two/four wheelers, solar energy equipment, children marriage, education & medical expenses, family holiday tours and travels all at very attractive interest rate within their repayment capabilities.
The ‘Cent Aspire Deposit Scheme’ offer the customers to enjoy the liquidity of their Time Deposit, even while their deposit continues to earn interest. It enables customers to get premium credit card without submitting any income proof or credit score/history, CIBIL report etc. The bundled card offers free credit period up to a maximum of 55 days. It carries at least 50% cheaper rate of interest i.e. 1.20% p.m. on card dues as against industry practice of 2.50% p.m. and above. The card comes without any issuance fee or annual fee.
| Company Name | CMP |
|---|---|
| SBI | 801.40 |
| Bank Of Baroda | 268.15 |
| PNB | 136.45 |
| Canara Bank | 617.55 |
| Union Bank Of India | 150.85 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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