Corporation Bank Home Loan Chennai - Rates March 2024, IFSC, Eligibility, EMI

Corporation Bank Home Loan in Chennai

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

Interest Rate8.60% - 11.20%
Loan amountFor Metro Cities - ₹ 500 lakh
Port Town(Other than Metro) and Urban Cities- ₹100 lakhs
Semi Urban Cities-₹50 lakh
Rural Cities -₹ 35 lakhs
Tenure30 years
Processing FeeCorp 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 ChargesNIL

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 NameComplete AddressIFSCMICRContact Number
George Town 49, Armenian Street, p.B. No. 237, George Town, Chennai-600001CORP0000005 600017002044- 25341636
Mylapore Temple Square 22, North Mada Street, Mylapore, Chennai-600004CORP0000049 600017007044-24641933, 24642853
Whites Road 38, 39 Whites Road, Chennai- 600014CORP0000122 600017006044-28524258, 28525191
Kellys Corner 12, Ormes Road, Kilpauk, Chennai-600010CORP0000123 600017004044-26412272, 26427191
Indira Nagar 37, First Avenue, Indira Nagar, Chennai-600020CORP0000124 600017003044-24419083, 24413350
Mint Street 378, Mint Street, Sowcarpet, Chennai-600079CORP0000149 600017005044-25381299, 25362969
Tambaram Sanatorium No.7, Railway Station Road, Tambaram Sanatorium, Chennai-600047CORP0000469 600017008044-22412153, 22384164
Anna Nagar Block AA, 144 III Avenue, Anna Nagar, Chennai-600040CORP0000487 600017009044-26269162, 26206639
T Nagar Venkatanarayan Road, T Nagar, Madras-600017CORP0000491 600017010044-24348635
PBB27 White RoadCORP0000504 600017011044-28546803

  • Home Loan Interest Rates March 2024
    Axis Bank8.75% - 9.15%
    Bank of Baroda8.50% - 10.60%
    Citibank8.75% - 9.15%
    HDFC8.50% - 9.40%
    ICICI Bank9.00% - 9.85%
    Indiabulls Housing Finance Limited8.65%
    Kotak Bank8.70%
    LIC Housing8.50% - 10.50%
    Piramal Capital & Housing Finance10.50%
    PNB Housing Finance8.50% - 10.95%
    Reliance Home Finance8.75% - 14.00%
    State Bank of India/SBI9.10% - 9.65%
    Tata Capital8.95% - 12.00%