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Corporation Bank Home Loans Review

Corporation Bank Home Loans

Own your dream house by taking a home loan from Corporation bank. The bank offers loan for construction / purchase of house/ flat, repair/renovation/ improvement of existing house/flat. Bank gives loan for site i.e. loan for purchase of site & construction of house thereon. There is also an option of take over a loan – to repay loan availed from other banks/institutions/employer, second loan for enhancement – during the pre EMI or post EMI period, etc.

Corporation Bank Home Loans Highlights
Interest Rate10%
Loan AmountMin. – Rs 100000
Max. – Rs 2000000
TenureMin. – 5 Yrs.
Max. – 20 Yrs.
Time to Process Loan7 days

Corporation Bank Home Loans Interest Rates

TenureInterest TypeInterest RateOffer
20 – 25 Yrs.Floating11.25 %
15 – 20 Yrs.Floating11.25 %
10 – 15 Yrs.Floating10.75 %
5 – 10 Yrs.Floating10.75 %
1 – 5 Yrs.Floating10.5 %
20 – 25 Yrs.Fixed12.25 %
15 – 20 Yrs.Fixed12.25 %
10 – 15 Yrs.Fixed12 %
5 – 10 Yrs.Fixed12 %
1 – 5 Yrs.Fixed11.5 %

Corporation Bank Home Loans Fees & charges:

Processing Fee0.5 %
Pre-Payment Charges0.5 %

Corporation Bank Home Loans Eligibility Criteria:

Salaried:
Annual IncomeRs 120000
AgeMin.: 24 Yrs.

Max.: 55 Yrs.

Documents Required:
ID ProofYes
Residence ProofYes
Income ProofYes
TelephoneYes
PhotographYes
Bank StatementYes
Signature ProofYes

Corporation Bank Home Loans Security

Equitable Mortgage of house / flat purchased out of Bank Finance and co-obligation of the spouse of the applicant.

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