Corporation Bank Home Loan

On which terms and condition Corporation Bank grant Home Loan? What interest rest charged by Corporation Bank for Home loan? What documents needs for attaching with application form for apply Corporation Bank Home Loan?

You were looking for the terms and conditions of Corporation Bank home loans. I have found the information and here sharing the link with you.

corpbank.com/asp/0100text.asp?presentID=54

Is Corporation Bank providing any offer to its customer on home loan in this festival season? Actually I want to apply for home loan by this bank?

here I am giving you information about home loan service offer by Corporation Bank below ..

Eligibility :
You must be a permanent Resident individual either singly or jointly /NRI/PIO with independent and regular source of income.
Age between 18 to 65 years,

CORP SCHEMES -INTEREST RATES As on – 01.02.2014
[ The interest rates are linked to the Base Rate ]
[ Present Base Rate is 10.25% p.a.]

For all tenor :
FLOATING RATE
Upto Rs.50 lakhs
BR = [ 10.25%]

Above Rs.50 lakhs
BR+0.25% = [ 10.50%]

Fixed rates :
Up to Rs.25 lakhs
13.10%

Above Rs.25 lakhs
13.60%

Corporation Bank housing loan scheme



contact details :
Corporation Bank
Corporate Office
Mangaladevi Temple Road
Pandeshwar
MANGALORE - 575 001
Karnataka, India

Tele: 91-824-2426416 to 420
Fax: 91-824-2440964

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Answered By StudyChaCha Member

Hello sir would you please give me some information about Corporation Bank Home Loan scheme? Bcoz I am thinking to take home loan,

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

Corporation Bank Home Loan Scheme:

Purpose:
For construction of house/flat, purchase of ready built house/flat/flat under construction.

Take over of housing loan from other banks/Institutions.

Eligibility:
Resident individual either singly or jointly /NRI/PIO,
between 18 to 65 years, with independent and regular source of income.

In case of property jointly owned with close relatives, all joint owners shall join as co applicants irrespective of their age.

Including spouse, maximum of two close relatives [Father, Mother, Spouse, Daughter, Son] may join as co applicant to supplement repayment capacity.

In case of salaried person, applicant/s shall be confirmed in the present service & shall have two years of aggregate service in previous and present employment together

Loan Amount:
Loan upto Rs.500 lakhs based on centres. [In case of loan for purchase of site and construction of house, maximum loan for purchase of site/land is Rs.50 lakhs based on centres ]

Margin:
10% to 25% based on loan amount

Attached Files Available for Download

Rate of Interest.pdf (31.7 KB, 25 views)

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Answered By StudyChaCha Member