A home loan of Rs.50 lakh, with an interest rate of 7.5% and a repayment tenure of 20 years will cost you a monthly EMI of Rs. 40,280.  

A house loan from Corporation Bank is an excellent option to fulfill your ambition of buying or building your dream home. They have low-interest rates and long repayment terms, allowing for easy repayment. Individuals who want to construct or buy a home can get a home loan from Corporation Bank. With interest rates starting at just 6.5%, you get a floating rate of interest with no pre-payment penalty.

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

How much loan amount can I get with Corporation Bank home loans? 

There is no maximum limit on the home loan amount. You can get up to 80% of the project cost based on your credit score and repayment capacity. 

Do I need to produce any collateral for Corporation Bank Home Loans? 

  • Simple Equitable Mortgage to be executed on the purchased property
  • Suitable interim security required in case of under-construction property
  • For NRI applicants, suitable collateral or guarantee from Indian residents is needed

Can I do a balance transfer of my existing home loan to Corporation Bank?

Yes, Corporation Bank has great offers for balance transfer of your existing home loans to this bank. 

Corporation Bank has been in the lending business for several decades, offering several loan products to aid retail, MSME, Corporate, and Agribusiness customers. They offer competitive interest rates and great value adds to their customers through their service.