Corporation Bank Home Loan Interest Rates 2020

Apply for Corporation Home Loan online at low interest rates. Check Home Loan eligibility, Processing Fee, EMI calculator, Tenure, Payment option, Documents required for approval.

CORP Home SchemeHousing loan in used for construction of house/flat, purchase of ready built house/flat/flat under construction. Purchase of site and construction of house subject to certain terms and conditions.

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Corporation Bank Home Loan Interest Rate

Employees of Central / State Govt & Defence Personnel 8.10%
Up to 2 Crores 8.20% – 8.35%
Loan Amount Up to Rs.500 lakh
Processing Fee No processing charges during Monsoon Offer 2020
Prepayment Charges NIL
Repayment Period Up to 30 Years
Age Limit 18 to 65 years.

Calculate Your Home Loan EMI

Margin As per Loan Amount

Loan Limit Margin
For Loan up to Rs.30 lakh 10.00%
For Loan above Rs.30 lakh & up to Rs.75 lakh 20.00%
For Loan above Rs.75 lakh 25.00%

Loan Amount As Per Area /Center

Area /Centre Maximum Loan Amount Maximum Loan for Site
Metro Centres Rs.500 lakh Rs.100 lakh
Port Town [other than Metro] & Urban Centres Rs.100 lakh Rs.50 lakh
Semi-Urban Centres Rs.50 lakh Rs.25 lakh
Rural Centres Rs.35 lakh Rs.15 lakh

Note– Purchase price only. Registration Charges, Stamp Duty, Documentation Charges not to be included in the project cost.

Corporation Bank Home Loan Eligibility

  • A resident individual either singly or jointly /NRI/PIO , between 18 to 65 years, with an independent and regular source of income.
  • In addition to spouse, maximum of one close relative may join as co-applicant to supplement repayment capacity.
  • Where the property to be mortgaged is jointly owned by close relatives, all the joint owners shall join as co applicants, irrespective of their age and numbers.

Corporation Bank Home Loan EMI – If you take Home loan of Rs. 30 lakh at rate of interest 9.05%, then pre-calculated  monthly emi for home loan is given at different tenure.

Loan Amount Tenure In Years Monthly EMI Total Amount Total Interest
30,00,000 5 ₹62,420.77 ₹37,45,245.96 ₹7,45,245.96
30,00,000 10 ₹38,165.28 ₹45,79,833.75 ₹15,79,833.75
30,00,000 15 ₹30,606.72 ₹55,09,209.57 ₹25,09,209.57
30,00,000 20 ₹27,185.02 ₹65,24,404.93 ₹35,24,404.93
30,00,000 25 ₹25,381.64 ₹76,14,493.35 ₹46,14,493.35
30,00,000 30 ₹24,354.85 ₹87,67,745.96 ₹57,67,745.96

Corporation Bank Home Loan Branch Addresses

  • 3, Pocket H, Sarita Vihar, Delhi 110044.
  • 1st Main Rd, Dena Bank Colony, Ganga Nagar, Bengaluru, Karnataka 560032.
  • Plot 99/2, Mehta House, Ground Floor, Viman Nagar, Pune, Maharashtra 411014.
  • No.49,96,P.B.No. 237, Armenian St, George Town, Chennai, Tamil Nadu 600001.
  • 4 – 5 – 443, Sri Ranga Commercial Complex, 1st Floor, Badi Chowdi, Sultan Bazaar, Hyderabad, Telangana 500195.#
  • 167P, Jasodha Bhawan, Rash Behari Ave, Gariahat, Kolkata, West Bengal 700019.
  • KPR Central Complex, Jayaprakash Narayan Road, Girmajipet, Warangal, Telangana 506002.
  • 10th Cross Road, Vijayanagar 1st Stage, Mysuru, 570017.
  • 127, Manmala Tank Road, Tailkalwadi, Opposite Star Cinema West, Shivaji Park Area, Mumbai, Maharashtra 400016.
  • Bhagyavati Nagar, Jewargi Colony, Gulbarga, SH-19, New Jewargi Road, Gulbarga, Kalaburagi, Karnataka 585102.
  • Neelkanth Plaza, Opposite New Madhavbaug Market, Dr Ambedkar Rd, Jain Colony, Shahibag, Ahmedabad, Gujarat
  • 380004.
  • 1st Floor, National Plaza, 14-15, RC Dutt Rd, Aradhana Society, Vishwas Colony, Alkapuri, Vadodara, Gujarat 390007.
  • Sant Kuteer,, Nagar Nigam Rd, Gurjaron Ka Mohalla, Sanganer, Jaipur, Rajasthan 302029.
  • Bhandara Rd, Wardhaman Nagar Colony, Nagpur, Maharashtra 440008.

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