Corporation Bank Bengaluru
Last Updated : Jan. 27, 2017, 6:58 p.m.
About Corporation Bank
Corporation Bank came into being as Canara Banking Corporation (Udipi) Limited on 12th March 1906 in the temple town of Udipi. The bank started functioning with just ₹5,000/- as its capital and now has crossed miles in terms of profit making. The Founder President Khan Bahadur Haji Abdullah Haji Kasim Saheb Bahadur took the pledge to fulfill all the financial needs of the people and also to initiate the habit of savings and intelligent decision making in terms of finances.
Talking about the subsidiaries of the bank, it has one Subsidiary named CorpBank Securities Ltd formed as a Primary Dealer to deal in Government Securities. Corp Bank Securities is a wholly owned subsidiary of Corporation Bank in Securities Trading. The subsidiary primarily deals in trading of government securities, bonds, and treasury bills.
Corporate Bank has spread its wings in Bangalore or Bengaluru with the wide range of products and customer-friendly assurance as well. The loan products as well as the investment products, of Corporation Bank, are one of the best in the banking sector of India. The bank gives affordable loan scheme making it easy for the people to get a loan without hurting their pocket much. Not only this, the investment products offered by Corporation Bank come with the scope of a handsome saving amount.
Branch Addresses of Corporation Bank in Bengaluru
| Branch Name | Complete Address | IFSC | MICR | Contact Number |
|---|---|---|---|---|
| Bangalore City | 1st, T.V.Complex 118, Kilkari Road, Bangalore- 560053 | CORP0000022 | 560017007 | 080-22206467 |
| Bangalore Cantonment | 14/15, K.Kamaraj road, P.B.NO.4242, Cantonment, Bangalore-560042 | CORP0000046 | 560017003 | 080-25550523, 25589462 |
| Doddaballapur | Hungi Complex, Main Road, Doddaballapur, Bangalore-561203 | CORP0000050 | 560017065 | 080-27622045 |
| Bangalore Maheshwaram | South End Road, Malleswara, Bangalore- 560020 | CORP0000056 | 560017018 | 080-23312523 |
| Basavangudi | 6, Gandhi Bazar, Basavangudi, Bangalore-560004 | CORP0000069 | 560017014 | 080-26508870 |
| Bangalore Jayanagar | III Block, 9th A Main Road, Bangalore- 560011 | CORP0000074 | 560017015 | 080-26637331 |
| Yelahanka | Hospital Road, P.B. No. 6413, Yelahanka, Bengaluru- 560064 | CORP0000075 | 560017010 | 080-28462032 |
| Doddabelavangala | Vinutha Nilaya, Doddbelavangala, Doddabaalapur, Bengaluru- 561204 | CORP0000091 | 560017501 | 080-27655227 |
| Kanaswadi | Kanasawadi, Doddaballapur, Bengaluru-561203 | CORP0000092 | 560017502 | 080-27653232 |
| Tubagere | Building 36K, Tubagere, Bengaluru- 561205 | CORP0000093 | 562017502 | 080-27652223 |
Products Offered by Corporation Bank in Bengaluru
Corporation Bank is one of the leading banks in India that offers services under the following sections- personal, corporates, NRI, PMJDY (Pradhan Mantri Jan Dhan Yojana), and E-banking. In Bengaluru, the bank offers personal loans, home loans, loan against property, business loan, vehicle loan, and fixed deposit products other than savings account.
Basic Details of Corporation Bank Products
| Product | Eligibility | Amount | Interest Rate | Processing Fee | Tenure |
|---|---|---|---|---|---|
| Home Loan | Between 18 to 65 years, with independent and regular source of income. | For Metro Cities - ₹ 500 lakh Port Town(Other than Metro) and Urban Cities- ₹100 lakhs Semi Urban Cities-₹50 lakh Rural Cities -₹ 35 lakhs | 8.60% - 11.20% | Corp Home-0.50% of loan amount, maximum of ₹ 50,000 Corp Ghar Shobha-0.50% of loan amount subject to a minimum of ₹ 10,000/- | 30 years |
| Personal Loan | For Salaried – 21-60 years For Self-Employed 24-65 years | Minimum - ₹0.10 lakh Maximum -₹ 3.50 lakh | 11.80% - 15.50% | 1.50% of the loan amount subject to a minimum of ₹ 500 | 5 Years |
| Vehicle Loan | For Salaried- 18-70 years For self-employed/partnership business/private and public sector - Above 18 years and below70 years at the time of loan maturity | Two Wheeler- ₹1 lakh Three Wheeler-₹ 2 lakhs per vehicle Four Wheeler-₹ 1 crore per vehicle Heavy Vehicle/Water Transport Vehicle-₹ 5 crore per vehicle | 7.80% - 7.90% | Two/Three -wheeler: 0.50% of loan amount, subject to minimum of ₹ 500/- Four -wheelers and others- 1% of the loan amount subject to minimum of ₹ 1,000/- [0.75% of loan, minimum of ₹ 2,000/- under CCVL Scheme] | Two Wheeler- 3 years Three Wheeler- 5 years For Other than two and three wheeler- 7 years |
| Business Loan | 1. Individual / Sole Proprietorship / Partnership firm/HUF/ Joint Stock Company or any other entity engaged in trading/business activity either on retail or whole sale basis for a period of 1 year prior to seeking sanction of loan. 2. Units engaged in manufacturing/processing/ SSI units/ Commission agents /Contractors are also eligible for loan provided stock is available /held by them for hypothecation. 3. Applicant must have either sales tax-registration OR trade/business license/permit issued by any Statutory Authority/Recognized body. | Minimum -₹ 2 lakhs Maximum Loan Amount : For Metro Cities - ₹ 500 lakh Port Town(Other than Metro) and Urban Cities- ₹200 lakhs Semi Urban Cities-₹100 lakh Rural Cities -₹ 30 lakhs | Varies from Individual to Individual | 1% of the limit sanctioned | Upto 7 years |
| Loan Against Property | 18 - 65 years owning residential /Commercial property / Industrial property, land and/or building, | Minimum -₹ 2 lakhs Maximum Loan Amount : For Metro Cities - ₹ 500 lakh Port Town(Other than Metro) and Urban Cities- ₹300 lakhs Semi Urban Cities-₹25 lakh Rural Cities -₹ 10 lakhs | 11.20%-13.20% | Term loan : 1% of the limit sanctioned | 7 to 10 years |
| Fixed Deposit | Individuals, Hindu Undivided Families (HUFs), Minor represented by parents/guardian,Guardian on behalf of societies, clubs, trusts and associations, associations, clubs, trusts, sole proprietorship firms, partnership firms and limited companies | NIL | 3.00% - 5.40% | NIL | 7 Days-10 years |
Documents Required
| Product | Documents |
|---|---|
| Home Loan | Identity Proof-PAN Card/Passport/Voter ID/Driving License/Aadhaar Card Address Proof-Utility Bill/Passport/Aadhaar Card/Voter ID Income Proof-Latest Salary Slips & Form 16 for Salaried - Profit & Loss A/C Statement & Audited Balance Sheet for the Last 3 Years Bank Account Statement for the Last 6 Months Track record of existing loans, if any Details of property you look to buy & construct |
| Personal Loan | Identity Proof- PAN Card/Voter ID/Driving License/Aadhar Card/Passport Address Proof- Utility bill/Passport/Aadhar card/Voter ID Income Proof- Latest Salary Slip/ ITR/Form-16 Bank Statement- Last 3-6 Month Bank Statement |
| Vehicle Loan | Proof of Identity: Passport copy, PAN Card, Voters Id card, driving license( Laminated, Recent, Legible) Proof of Address: Ration card/Driving license/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy PAN Card. Proof of Income: Latest salary slip with form 16 / Audited balance sheet, Profit & Loss Account for latest two years/ Have a minimum turnover of ₹ 4,50,000 per annum / Audited balance sheet, Profit & Loss Account for latest two years and the latest 2 years IT returns of the company / Latest ITR Bank Statement: Last 6 months |
| Business Loan | Identity Proof-PAN Card/Passport/Voter ID/Driving License/Aadhaar Card Address Proof-Utility Bill/Passport/Aadhaar Card/Voter ID Income Proof-Latest Salary Slips & Form 16 for Salaried - Profit & Loss A/C Statement & Audited Balance Sheet for the Last 2Years for self-employed Bank Account Statement for the Last 6 Months Track record of existing loans, if any Trade License applicable to a proprietor/partnership firm Ownership documents, if any, of the security Copy of Partnership deed/Memorandum of Association (MOA and Articles of Association (AOA) or other documents. These documents apply in the case of partnership firm or a company |
| Loan Against Property | Identity Proof-PAN Card/Passport/Voter ID/Driving License/Aadhaar Card Address Proof-Utility Bill/Passport/Aadhaar Card/Voter ID Income Proof-Latest Salary Slips & Form 16 for Salaried - Profit & Loss A/C Statement & Audited Balance Sheet for the Last 3 Years for self-employed Bank Account Statement for the Last 6 Months Track record of existing loans, if any Details of property to be mortgaged |
| Fixed Deposit | An Individual, Hindu Undivided Family, Sole Proprietorship Concern ID Proof – Passport, PAN Card, Driving Licence, Voter ID, Government ID Card, Senior Citizen ID Card Address Proof - Telephone Bill, Electricity Bill, ID Card Issued by Post Office, |