Apply for Personal Loan

Preliminary Information
Personal Details ( Please enter your name as per PAN card )
Permanent Address (Same as above)
Employment Details

Corporation Bank Personal Loan Details

Corporation Bank 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
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

Features of Corporation Bank Personal Loan 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
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?

Loanbaba provides comprehensive information about personal loan schemes by Corporation Bank. Keep a note of this page to stay updated with recent information on this bank loan scheme. You can also quickly apply for this loan online on the financial institution's official 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.

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

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

Below provided are important questions about personal loan Corporation Bank.

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.

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.

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.

Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of Corporation Bank.

Average user rating 4.6/ 5
80% Complete (danger)
80% Complete (danger)
80% Complete (danger)
80% Complete (danger)
80% Complete (danger)