Corporation Bank Bhubaneswar

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About Corporation Bank

Corporation Bank believes in prioritizing the needs of the people and giving them the affordable financial products. The bank has successfully emerged in fulfilling the national objectives while sustaining its performance-oriented culture and profit augmenting record. As on 31st March 2016, the Total Business of the Corporation Bank was ₹3,45,493 Crores and the total deposit stood at ₹2,05171 Crores and the Total Advances were at ₹1,40,322 Crores. The Networth of the Bank rose to ₹11,3444/- Crores from just ₹38 Rupees 13 Annas and 2 Pies. The success story of Corporate Bank does not need any explanation or justification. Weathering two world wars, economic depressions, imbibing the latest in technology, Corporation Bank’s services are equally good.

With the wide array of investment and other financial products, Corporate Bank has made it possible for the people of India to take a step forward in the banking sector with a positive approach and outlook. Corporate Bank home loan and personal loans are one of the best in their field when it comes to a higher loan amount and low-interest rates. In Bhubaneswar, the bank has spread its wings in almost all the main areas making it convenient for the people to reach the bank and vice-versa.

Branch Addresses of Corporation Bank in Bhubaneswar

Branch NameComplete AddressIFSCMICRContact Number
Bhubaneshwar Karvel Nagar, Station, Bhubaneshwar- 751001CORP0000333 7510170020674-2534537
Bhubaneshwar J Vihar Ist Floow, jayadev Vihar, Bhubaneshwar- 751013CORP0000540 7510170040674-2360225
Nayapalli Nilakantha Nagar, Bhubaneshwar-751001CORP0000541 7510170030674-2533808
Khandagiri1st Floow, Plot No.369/2782, Kolathia Square, Khandagiri, Bhubaneshwar-751030 CORP0001687 7510170078895064345
Zonal Office Bhubaneshwar 1st Floor, Block 4, Wing 3, BMC-Bhawani Enclace, Sahid Nagar, Bhubaneshwar-751007CORP0008832 NON-MICR674-2541932
LIC of India LIC OF INDIA, UNIT - 7, OPP. Raj Bhavan, Branch No. 1, Suryanagar, Bhubaneshwar- 751001CORP0002119 7510170050674-2405179
Chandreshekharpur Plot No. 307 - C, District Centre, Chandrashekharpur, Bhubaneshwar- 751016CORP0001432 751017006NA
Cuttack Road NO 333, Bomikhal, Cuttack Main road, Thanalaxmisagar, Bhubaneshwar-751006 ORISSACORP0003095 NON-MICR0-9658966710
KIIT Square Bhubaneshwar Plot No. 306, 1815 Khata No. 474 103, Near Big Bazarm KIITS Square Patia, BhubaneshwarCORP0003417 NON-MICR7682820411

Products Offered by Corporation Bank in Bhubaneswar

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 Bhubaneswar, the bank offers personal loans, home loans, loan against property, business loan, vehicle loan, and fixed deposit products other than saving account.

Basic Details of Corporation Bank Products

ProductEligibilityAmount Interest RateProcessing FeeTenure
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
8.50% - 9.30%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
12.85% - 13.95% 1.50% of the loan amount subject to a minimum of ₹ 500 5 Years
Vehicle LoanFor 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
9.30% - 9.80% 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 Individual1% of the limit sanctioned Upto 7 years
Loan Against Property18 - 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 sanctioned7 to 10 years
Fixed DepositIndividuals, 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 companiesNIL4.50% - 7.30% NIL7 Days-10 years

Documents Required

ProductDocuments
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 LoanProof 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 PropertyIdentity 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 DepositAn 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,

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