Corporation Bank Personal Loan

Corporation Bank star star star star star 3.75 / 5.04 users

The Corporation Bank brings amazing personal loan offers to help their customers meet genuine personal expenses of their day to day life. These loans come up with very competitive interest rates ensuring that the borrower can repay without the burden of debt.

Corporation Bank Personal Loan Details Updated on 19th September 2018
Loan Amount Rs.10,000 to Rs.2,50,000
Loan Tenure 5 Years
Interest Rate 12.75% to 13.75%

Why Choose Corporation Bank Personal Loan?

  • The advantage of this loan is its same interest throughout the duration.
  • Simple documentation is needed and the personal loan in Corporation Bank then gets processed faster.
  • The customers can pay off the loan in easy instalments every month and can repay it via auto debit or PDC or ECS.
  • You can check out Corporation Bank personal loan eligibility and Corporation Bank Personal Loan EMI calculator at loanbaba.com.

Features of Personal Loan Corporation Bank

Loanbaba.com provides all the information about Corporation Bank Personal Loan.

Personal loans are categorised for salaried and the self-employed individuals. The distinction is as follows:

Particulars

Salaried individuals

Self-Employed individuals

Loan Value

If your salary gets credited to the CorpBank, then you can avail a value of 9 x net monthly salary.

If you get your salary through the CorpBank and an undertaking letter is also provided, then you can avail a value of 12 x net monthly salary.

However, minimum amount of loan applicable is Rs 10,000 that can go up to Rs 3.5 lakh.

An amount up to 25% of your gross annual income can be taken as loan.

However, minimum amount of loan applicable is Rs 10,000 that can go up to Rs 3.5 lakh.

Tenure of the loan

Up to 60 months.

Up to 60 months.

Lowest EMI

For people who get their salary in the CorpBank and hold the undertaking letter and the pensioners, Rs 227 per month is the lowest EMI.

For people who do not have a CorpBank account nor hold an undertaking letter, Rs 232 per month is the lowest EMI.

(This is amount is calculated on the minimum loan one has to avail for the longest tenure are the least price.)

Rs 232

(This is amount is calculated on the minimum loan one has to avail for the longest tenure are the least price.)

Processing Fee

1.50% of the total loan value minimum being Rs 500

1.50% of the total loan value minimum being Rs 500

Age

NA

NA

Prepayment or foreclosure fee

NA

NA

The amortization gives a systematic breakdown of the repayment process showing differences in the principal and interest rates during at a particular duration. After every EMI paid, the principal value reduces and shows interest rate for the next term.

Why Apply for Corporation Bank Personal Loan on Loanbaba.com?

At Loanbaba, you can compare and apply for personal loans online. You can check out several personal loan schemes by Corporation Bank and go through all their features such as quantum of loan, amount of loan, processing fees, interest rates, and other conditions, at one page. You can also quickly apply for Corporation Bank Personal Loan online on our website without having to visit the bank branch. It is simple and easy, and you can upload all the required documents online. Disbursal is done at the soonest, and you can keep a track of your loan application on the website.

How to Apply for Corporation Bank Personal Loan on Loanbaba.com?

Visit this link- https://www.loanbaba.com/personal-loan/ to apply for Corporation Bank personal loan or any other bank/NBFC personal loan at Loanbaba.

Corporation Bank Personal Loan Interest Rates

Personal Loan Corporation Bank interest rate ranges between 12.75% and 13.75% annually. Keep a check on this page to note the updated interest rate for Corporation Bank personal loan.

Corporation Bank Personal Loan Eligibility

  • The applicant for personal loan Corporation Bank needs to meet the age requirement and possesses all necessary identity and income proof required to apply for the loan.
  • He/she meet the requirement for credit score and should not be under too many debts.
  • Personal loan eligibility may differ from one candidate to another. You can also use free-of-cost Corporation Bank personal loan eligibility calculator at Loanbaba.com.

Types of Corporation Bank Personal Loan

Corporation Bank has personal loan schemes for professionals and salaried individuals. The amount taken as loan can be used for either multiple or specific purposes.

Corporation Bank Personal Loan FAQs

  • addFAQs

    Below provided are important questions about personal loan Corporation Bank.

    1. How to get best personal loan interest rate at Corporation Bank?
    2. If you are already a customer at Corporation Bank, then you may be able to negotiate for better interest rate. Otherwise, a high credit score, great credit history, and sustainable income and people of certain professional, may be eligible for lower interest rates on personal loan.

    3. Will your previous debts affect chances of securing personal loan Corporation Bank?
    4. If you are knee deep in debt, then your personal loan application with Corporation Bank may be rejected. If you have active debts, then the total payout for it must be such that you can handle to pay off the personal loan, you are willing to take. Also, your repayment history must be clean for Andhra bank personal loan approval.

    5. What if I cannot repay Corporation Bank Personal Loan on time?

    If you are unable to repay the personal loan as per loan agreement, then you can opt other ways of closing the loan. Loan settlement or debt consolidation is two of the options. You may be able to convert the unsecured loan as secured one. Check with the Corporation Bank to know what the other options to close the loan are.

Corporation Bank Personal Loan Review


Personal Loan
star star star star star 12.0/5
Personal loan by Corporation bank was perfect, but the turnaround time is something they can work upon.
Mumbai September 17, 2018
Personal Loan
star star star star star 15.0/5
I had applied my personal loan in Mumbai at Corporation bank. I was in dire need of funds and fortunately got the loan amount soon.
Mumbai September 17, 2018
Personal Loan
star star star star star 15.0/5
Taking personal loan in Gujrat by Corporation bank through online portal of loanbaba was after all not a bad idea. This way I could communicate with the Corporation without having to come over to their branch. All by documentation was sorted and I got the loan in decent time.
Mumbai September 15, 2018
Personal Loan
star star star star star 13.0/5
The Corporation bank has disbursed the loan amount required and I am satisfied with it. The interest rate and the charges are average.
Mumbai September 14, 2018

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