Tag Archives: personal loan emi calculator Corporation Bank

Corporation Bank Personal Loan

(Updated on 08.05.2019) Corporation Bank Personal Loan – Apply & Get lowest Interest Rate from Corporation Bank. Calculate your Personal Loan EMI, Eligibility & Documents Required.

Corporation Bank Personal Loan

Personal Loans are always the best option to opt for, it makes life convenient to meet any unexpected expenses, be it a short-term or long-term financial needs. As there is no restrictions on the end use of personal loan, loan amount can be used for such as personal financial emergencies, any fancy spending free, meeting your daughter’s wedding, home renovation and home extension expenses and to meet any other high expenses. Corporation Bank Personal Loan is one the best-in-class personal which comes with several benefits and features to meet all your personal requirements at any point of time.

  • Affordable personal interest rates at 13.55% for all borrowers.

  • Processing fee to a minimum of 1.50% of the loan amount subject to a minimum of Rs.500.

  • Loan amount can be availed to a maximum of Rs. 2,50,000 lakhs.

  • Loan can be repaid up to 3 years.

  • Nil pre-payment charges.

  • ‘Corp Personal Scheme’ offers Personal Loan to meet genuine personal expenses such as marriage expense, medical expense, funding education, & others.

Corporation Bank – QUICK, EASY & INSTANT APPROVAL ONLINE

Professional Details
Loan Amount
Occupation
Yearly Income
City
Disclaimer: We do not provide Personal Loans but help you to connect with banks to get best deals.
All loans are on sole discretion on the respective banks

How to use Personal Loan EMI calculator?

Corporation Bank Personal Loan EMI Calculator is the easy tool to use. Personal Loan EMI calculator helps you to assess whether you will be able to repay back your loan amount or not. You just need to enter the desired personal loan amount, the loan tenure in months, and the interest rate (current interest rates). The EMI calculator will automatically calculate your total payable amount of the loan taken including interest rates, your monthly payment and also the total payable interest. Steps to follow:

Step 1: Enter the loan amount. For e.g. Rs. 1,00,000/-

Step 2: Enter the interest rate (current interest rate). For e.g.13.55%:

Step 3: Enter the loan tenure in months, i.e. for how many months you want to avail the loan. For e.g. 3 years.

The moment you click the ‘calculate’ button you will get all the details at one place. You will come to know your monthly EMI, total amount with interest, flat interest rate per annum, flat interest rate per month, total interest amount and Yearly interest amount. This will help you to take the right decision at right point of time to avail a perfect and comfortable personal.

What is Personal Loan EMI?

EMI is the short form of ‘Equated Monthly Installment’. EMI is the total amount which is payable per month at the bank on the loan amount availed by you. EMI is payable every month untill unless you fully repay your loan amount. EMI is consists of a portion of the principal loan amount and the interest due on the loan. EMI depends on the principal loan amount, personal loan interest rate and tenure of personal loan.

Corporation Bank Personal Loan EMI Calculator

Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Personal 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

Corporation Bank Personal Loan EMI Calculator- EMI Chart

Corporation Bank Personal Loan at the lowest EMI. Compare and get the preferred personal loan at your earliest.

Loan Amount (In Rs.)

Loan Tenure (In Yrs.)

Interest Rate (p.a.)

Monthly EMI (In Rs.)

Total Interest Outgo(In Rs.)

Total Amount (EMI+Interest)

1,00,000

1

13.55%

8,958

7,491

1,07,491

1,00,000

2

13.55%

4,780

14,721

1,14,721

1,00,000

3

13.55%

3,396

22,254

1,22,254

Corporation Bank Personal Loan FAQs

1) Who is eligible for Corporation Bank personal loan?

Corporation Bank offers Personal Loan to employees who draw salary from the bank, Pensioners who draw pension from the bank and Salaried individuals with regular transactions with the bank.

2) Are there any prepayment charges?

The bank does not levy any fee on foreclosure of the loan. Pre-payment is allowed only after 6 months of loan amount disbursement.

3) What is the repayment period provided by the bank for the loan?

The Bank allows repayment of personal loan amount up to 3 years.

4) What is the kind of interest charged on the personal loan?

A floating rate of interest linked to MCLR is charged on personal loan and the rate of interest is subject to change from time to time.

5) Do I need to provide a security to avail a personal loan?

You need to provide a third party guarantee or a suitable co-applicant to secure a personal Loan.