Corporation Bank Home Loan | Interest Rates | Documents | EMI Calculator

Corporation Bank Home Loan ✔ Lowest Interest Rates 2015 10.25% ✔ EMI of Rs.896 on Corp Home Loans. Minimum Documents and Eligibility Required. Check & Compare Home Loan Eligibility.

Latest Interest Rates on home loans by Corp Bank 2015

A] FLOATING RATE:

Loan Tenor
Up to Rs.2 Crore
Above Rs.2 Crore
For all Tenors
[Max. 30 Years]
(10.25%)
(10.50%)

Fixed Rate Scheme Starts from – 12.85% to 13.60%. Depends on loan amount.

Get instant Quotes on Home Loan Rates, EMI & Eligibility by Top 10 Banks

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54 ,02 , 013 Loan quotes taken till now

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Trends of last 5 Years Corp Bank Home loans vs RBI Repo rate

Date Change by RBI New Repo Rate Date of Change New Base Rate
Rate Cut
4-Mar-15 0.25% - 7.50%
15-Jan-15 0.25% - 7.75%
28-Jan-14 0.25% + 8.00%
29-Oct-13 0.25% + 7.75%
20-Sep-13 0.25% + 7.50%
3-May-13 0.25% - 7.25%
19-Mar-13 0.25% - 7.50%
29-Jan-13 0.25% - 7.75% 6-Feb-13 10.25%
17-Apr-12 0.50% - 8.00% 1-May-12 10.50%
25-Oct-11 0.25% + 8.50% 1-Aug-11 10.65%
16-Sep-11 0.25% + 8.25%
26-Jul-11 1.25% + 8.00% 1-Jul-11 10.25%
25-Jan-11 - 6.50% 17-May-11 9.90%

You Can Calculate Home Loan EMI with this Calculator: Just Enter your Loan Amount, Interest Rates and Loan Period/Tenure:


Calculate Loans EMI Online

Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
 
Monthly EMI
Total Amount with Interest
Total Interest Amount
Yearly Interest Amount

Eligibility Criteria for Corp Home Loan:

  • Regular & verifiable income is only considered
  • Salary, Pension, Business income, Agricultural income are eligible
  • In case of seasonal income, quarterly/half yearly/ yearly installments are also considered
  • HUF income is not considered.
  • In addition to spouse, maximum of one close relative as co applicant required for supplementing repayment capacity.
  • Where property is owned by applicant’s parents/spouse who do not have independent/ regular income, they should join as co applicant only, irrespective of their age.
  • If, applicant is unmarried/divorcee, co obligation of parent/s (irrespective of their age) or third party guarantee is required.
  • Residents /NRIs/ PIO holding Indian Passports conforming to normal borrower standards with independent & regular source of income.
  • Age of the borrower/s shall be between 18 years to 60 years subject to the condition that repayment period (including repayment holiday if any,) shall not go beyond the retirement age, in case of salaried class, and 70 years of age, in case of other than salaried class

Processing charges – As applicable from time to time.

Pre Payment Penalty: NIL

Repayment Period: 

  • Loan is repayable in maximum of 30 years including moratorium of max- 18 months.
  • Repayment period shall not exceed retirement age for salaried class and 70 years of age for other than salaried class.
  • EMI/Notional interest of existing and proposed loan together shall not exceed 50% to 70% of net income of the borrowers.
  • Source: Corporation Bank Website

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