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Corporation Bank Home Loan, Interest Rate and EMI Calculator January 2019

(Updated on 10.01.2019) Corporation Bank Home Loan and EMI Calculator January 2019 – Get Instant & Easy Approval on Corporation Bank Home Loan. Loansninsurances.com provides a simple & effective tool to calculate your Home Loan EMI on the basis of ✓Interest Rate ✓Loan Tenure ✓ Processing Fee ✓Eligibility ✓Best Offers & more.

Corporation Bank Home LoanGet Instant Quotes Online

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Corporation Bank Home Loan

Corporation Bank Home Loan is one of the leading and unparalleled Home Loans skillfully crafted to cater to the varied requirements of Home Loan borrowers. Corporation Bank Home Loan Eligibility Calculator helps you to work out your plan for construction of house/flat, purchase of ready built house/flat/flat under construction. ‘Corp Home Scheme‘ provides Home Loan at affordable interest rates to purchase of site construction of house subject to certain terms and conditions, purchase and installation of rooftop Solar PVs and also helps Balance Transfer on Home Loan. The quantum of loan varies according to Area/center, viz. Metro centers, Port town (other than metro) & Urban Centers, Semi Urban Centers & Rural Centers.

Also Corporation Bank Personal loan is available at affordable interest rates, feasible repayment options, simplified disbursement process and much more to make you feel elated.

Corporation Bank Home Loan Interest Rate


Effective ROI % Processing Fees w.e.f 01.04.2017 ( Exclusive Of S Tax)
CORP HOME (incldg. NRI) Floating Rate Upto 2 Crores 9.05

0.50% of loan amount (Max Rs.50,000/‐)

Above 2 Crores 9.30
CORP HOME (incldg. NRI) Fixed Rate Upto 25 Lakhs 12.05
Above 25 Lakhs 12.55
CORP GHAR SHOBHA 9.45 0.50 %, Min of Rs.1000/-
CORP GHAR SANSAR 9.45 1.00 %, Max. of Rs.10000/-

Corporation Bank Home Loan EMI Calculator

Corporation Bank Home Loan EMI Calculator

Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Home loan emi within seconds.
Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

Types of Home Loans

1) Corp Home Premium – NRI

  • Non-Resident Indians[NRIs] between 18 to 60 years, holding Indian passport or Persons of Indian Origin [PIOs] holding foreign passport,

  • Loan can be availed singly or jointly with close relative who can be either NRI or PIO or a Resident Indian

  • In addition to spouse maximum of one resident close relative [Father, Mother, Daughter, Son, Brother, Sister] may be co-applicant.

  • A suitable third party guarantee may be obtained.

2) Corp Ghar Shobha Scheme

  • Eligibility as per extant guideline of housing loan scheme

3) Corp Ghar Sanshar

  • The existing housing loan borrowers enjoying loan under Corp Home Scheme including variants, Corp Home- Premium NRI and Corp Ghar Shobha Schemes and having regular income and sufficient repayment capacity are eligible

  • Main applicant should have different income.

  • Maximum of 1 co-applicant may be obtained for arriving at repayment capacity.

  • In case of salaried class, repayment period shall not exceed the retirement age.

  • Others eligibility will also be consider as per Corp Home Loan Scheme.

Corporation Bank Home Loan Eligibility

  • Resident individual either singly or jointly/NRI/PIO, between 18 to 65 years have regular source of income.

  • Including spouse, maximum of one close relative (Father, Mother, Spouse, Daughter, Son, Sister, Brother) may join as co-applicant to supplement repayment capacity.

  • If 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.

  • Property shall be located within the command of the branch (i.e within 15 kms to 50 kms based on centre/ city)

  • Flexi-repayment option is also available for salaried class.

Corporation Bank Home Loan Amount Eligibility

  • Calculate your Home Loan Eligibility with Corporation Bank Home Loan Eligibility Calculator. Get the best deal and perfect home loan!!

Corporation Bank Home Loan Documents Required

  • Duly filled in application form with photograph

  • Identity proof and residence proof

  • Processing fee cheque, latest 3 months bank statement

  • Latest salary slip & current dated salary certificate with the latest Form 16 for salaried persons.

  • Latest Bank statement and Latest ITR or Form 16 for self-employed professionals

  • Other documents may also required as per parameters set by the banks.

Corporation Bank Home Loan Prepayments

  • Where the cost/price of house/dwelling unit does not exceed Rs.10 lakh, Registration Charges, Stamp Duty, Documentation Charges will be included in the project cost.

  • Registration Charges, Stamp Duty, Documentation Charges not to be included in the project cost if the project cost exceeds.

Corporation Bank MCLR Rate January 2019

In terms of Guidelines of Reserve Bank of India (RBI), the Tenor based MCLR w.e.f. 15th December 2018 is as under

Tenor MCLR Rate
Overnight 8.10%
One month 8.20%
Three Month 8.50%
Six Month 8.90%
One Year 8.95%

Corporation Bank Home Loan FAQ’s

What is the maximum loan tenure I can opt under Corporation Bank house loan?

Corporation Bank offers you a longer tenure of 30 years to repay your home loan with a benefit of paying less EMI per month.

Can I foreclosure my home loan? What are the charges applicable?

Yes, you can foreclose your home loan with Nil charges.

Can I transfer my home loan from another bank to Corporation Bank?

Yes, Corporation Bank gives you the facility to transfer your existing home loan with a hassle free process. Home loan balance transfer to Corporation Bank offers you to pay lower EMIs and save money.

Can I club the income of my spouse with mine and apply for joint home loan?

You can club the income of your spouse to increase your loan eligibility if the spouse is co-owner of the property or guarantor of the loan.

What is the effect of part payments on Corporation Bank housing loan EMI ?

Part payments help you in reducing the outstanding amount of loan which in turn will reduce the interest amount due. After making part payments, paying the same EMI will increase your involvement towards the principal amount which will help you in repaying the loan faster.