Corporation bank personal loan application

I want to apply for personal loan form Corporation Bank, so for apply I need the application form, so will you please provide me or tell me from where I can download the offline application form?

I am giving the application form of Corporation bank personal loan for your reference. Go through it. I am giving the interest rate of personal loan in Corporation Bank for you along with the application form. Use it.

Attached Files Available for Download

	CB PL AF.pdf (233.5 KB, 145 views)
	CB PL IR.pdf (33.5 KB, 70 views)

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Answered By StudyChaCha Member

My uncle looking to issue personal loan from Corporation Bank . will you please give here detail about the personal loan scheme of Corporation Bank?

Corporation Bank is a leading Public Sector Bank . Bank offers personal loan scheme to the employees and the customers of bank .

Bank offers loan to :
Employees whose salary is routed through the Branch.

Pensioners drawing pension through the branch.

Other than salaried class having regular dealings with the branch.

Corporation Bank Personal Loan Details
Interest Rate (Floating):
BR + (3.75% to 4.75%)
Base Rate - 9.70%

Loan Tenure :
3 Years

Documents required ;

Signed application form with photograph

Copy of passport/voter ID card/driving license

Processing fee cheque

Last 3 months bank statement/6 months bank passbook

Documentation for salaried applicants:
Latest salary slip

Corp. Bank Schemes –Interest rate

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Answered By StudyChaCha Member

Would you please give me some information about Corporation Bank Personal Loan? Like Eligibility, loan amount and etc…

Corporation Bank was founded in 12 March 1906, it is a public sector banking company and it is the one of the oldest banks in India,

Eligibility:
Employees whose salary is routed through the Branch

Pensioners drawing pension through the branch

Other than salaried class having regular dealings with the branch

Purpose:
Demand loan to meet genuine personal expenses

Loan Amount

Maximum Rs.2 lakhs a) salaried class: Where salary is routed through the Branch – 6 months net salary.
Where in addition to routing of salary, employer undertaking letter is also available - Maximum loan - 12 times of take home pay. b)
Pensioners drawing pension through our Branch - Maximum loan - 6 months pension. c)
In case of individuals with income other than salary / pension, maximum loan shall be 25% of the gross annual income.

Margin
- NIL-

Rate of interest


Address:
Corporation bank
At LIC Building,
Jaipur Rd, Hathi Bhata,
Ajmer, Rajasthan 305001
Phone: 1800 425 3555

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Answered By StudyChaCha Member

Will you please tell how much is the rate of interest on personal loan amount offered by Corporation Bank ?

Corporation Bank is a public sector bank . Bank offers innovative products and services to its customers . Bank offers Personal Loan facility to dealing with expected and unexpected expenses .

Corporation Bank Personal Loan detail :

Interest rate :

i)Where both, the salary is routed & undertaking letter is available

ii)Pensioners drawing pension through the Branch
BR + 3.75% = 13.65%

For others
BR + 4.75% = 14.65%

Corporation Bank Personal Loan eligibility:

Pensioners drawing pension through the branch of Corporation Bank.

Employees whose salary is routed through the Branch of Corporation Bank.

Other than salaried class having regular dealings with the Branch of Corporation Bank.

Loan amount:
Maximum:

Rs.2 lakhs for salaried class: Where salary is routed through the Branch – 6 months net salary.

Maximum loan - 6 months pension.
For Pensioners drawing pension through our Branch

Maximum loan shall be 25% of the gross annual income:
For individuals with income other than salary / pension.

Here is the attachment.
Interest rate of Corporation bank

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Answered By StudyChaCha Member

Will you please tell what the rate of interest on Personal Loan amount offered by Corporation Bank? Also tell how much the maximum loan amount will given by bank ?

Corporation Bank is a public sector financial company. This bank offers personal loan to the consumers whose salary is routed through the Branch of bank ,Pensioners drawing pension through the branch and to other consumers having regular dealings with a branch of bank .

Loan amount :
Maximum :
Rs.2 lakhs for Salaried class:
Where salary is routed through the Branch – 6 months net salary.

6 months pension :
for Pensioners drawing pension through our Branch

In case of individuals with income other than salary / pension, maximum loan shall be 25% of the gross annual income.

Interest Rate (Floating)
BR + (3.75% to 4.75%)
Base Rate - 9.70%

Loan Tenure
3 Years

Documents required to apply for loan :
Filled Application form with photograph

Copy of passport/
voter ID card/
driving license for Identity proof

Processing fee cheque

Last 3 months bank statement/6 months bank passbook

Documentation for salaried applicants:
Latest salary slip
Current dated salary certificate with the latest Form 16

Documentation for self-employed applicants:
Latest Bank statement
Latest ITR or Form 16

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Answered By StudyChaCha Member