Here if we consider a loan amount of 1 lakh rupees and a tenure of 5 years then the interest rate of Central Bank of India car loan is 7.25% to 7.70%. Here your EMI is Rs. 1,992 to Rs. 2,013 will be between. The processing fee will be up to 0.50% of the loan amount (minimum Rs. 2,000 and maximum Rs. 20,000).