Corporation Bank Home Loan in Chennai
Last Updated : May 5, 2018, 12:10 p.m.
About Corporation Home Loan in Chennai
When it comes to home loans, a borrower always looks for a lower rate and a higher loan amount. Having said that, the home loan at Corporation Bank offers one of the lowest interest rates on home loans and is hence very much in demand in Chennai. So, if you are also planning to apply for a home loan in Chennai, check eligibility now for Corporation Bank Home Loan along with the documents checklist required for this loan. Below is the loan amount, home loan interest rate, tenure, and Chennai branch details of Corporation Bank.
Corporation Bank Home Loan Chennai at a Glance
Particulars | Details |
---|---|
Interest Rate | 8.60% - 11.20% |
Loan amount | For Metro Cities - ₹ 500 lakh Port Town(Other than Metro) and Urban Cities- ₹100 lakhs Semi Urban Cities-₹50 lakh Rural Cities -₹ 35 lakhs |
Tenure | 30 years |
Processing Fee | 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/- |
Prepayment Charges | NIL |
Eligibility Criteria
The eligibility criteria to apply for a home loan or housing loan at Corporation Bank is as follows:
- Age of the applicant must be between 18 to 65 years with an independent and regular source of income.
Documents Checklist
The list of documents that an applicant must have at the time of applying for a home loan at Corporation Bank is as follows:
- 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
For more information, read Home Loan Chennai
Corporation Bank Branches in Chennai
The branch address, IFSC Code, MICR Code and customer care details of Corporation Bank branches located in Chennai are mentioned in the table below:
Branch Name | Complete Address | IFSC | MICR | Contact Number |
---|---|---|---|---|
George Town | 49, Armenian Street, p.B. No. 237, George Town, Chennai-600001 | CORP0000005 | 600017002 | 044- 25341636 |
Mylapore | Temple Square 22, North Mada Street, Mylapore, Chennai-600004 | CORP0000049 | 600017007 | 044-24641933, 24642853 |
Whites Road | 38, 39 Whites Road, Chennai- 600014 | CORP0000122 | 600017006 | 044-28524258, 28525191 |
Kellys Corner | 12, Ormes Road, Kilpauk, Chennai-600010 | CORP0000123 | 600017004 | 044-26412272, 26427191 |
Indira Nagar | 37, First Avenue, Indira Nagar, Chennai-600020 | CORP0000124 | 600017003 | 044-24419083, 24413350 |
Mint Street | 378, Mint Street, Sowcarpet, Chennai-600079 | CORP0000149 | 600017005 | 044-25381299, 25362969 |
Tambaram Sanatorium | No.7, Railway Station Road, Tambaram Sanatorium, Chennai-600047 | CORP0000469 | 600017008 | 044-22412153, 22384164 |
Anna Nagar | Block AA, 144 III Avenue, Anna Nagar, Chennai-600040 | CORP0000487 | 600017009 | 044-26269162, 26206639 |
T Nagar | Venkatanarayan Road, T Nagar, Madras-600017 | CORP0000491 | 600017010 | 044-24348635 |
PBB | 27 White Road | CORP0000504 | 600017011 | 044-28546803 |
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