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An Rs.30 lakh home loan, with an interest rate of 6.5% and a repayment tenure of 20 years will cost you a monthly EMI of Rs. 22,367.
Corporation Bank Home Loans Snapshot
|
Eligibility Criteria |
Salaried and Self-Employed |
|
Loan Tenure |
Up to 30 years |
|
Loan Amount |
Based on your repayment capacity |
|
Interest Rate |
Starting at 6.50% |
|
Processing Fees |
0.50% of the loan amount up to a maximum of Rs.15,000 + GST |
|
Prepayment Charges |
Nil |
What are the other eligibility criteria to get the home loan from Corporation Bank?
- Corporation Bank home loans are available for both salaried and self-employed individuals
- Both Indian citizens and NRIs can apply for the loan
- You should be in the age group of 18-75 years
- You can apply either singly or jointly
- You should have a stable income
How much home loan can I get from Corporation Bank?
There is no maximum limit on the home loan amount from Corporation Bank. The repayment capacity is determined based on existing debts and liabilities and the loan amount is fixed thereby.
Can I get a 100% home loan amount from Corporation Bank?
Generally, banks fix a margin on the loan amount. For properties under Rs.30 lakhs, Corporation Bank offers up to 90% of the total amount. For value above that, you can get up to 80% of the purchase value as a loan.
Corporation Bank home loans offer you competitive interest rates and various other value adds as a home loan customer. You can get top-up home loans for future repairs/renovations. You can even balance transfer your existing home loan from another bank to Corporation Bank and get attractive interest rates.