Corporation Bank Home Loan Interest Rates

Highlights

  • Check the minimum and maximum rate you can get on home loans.
  • See the maximum loan amount you can get on Corporation Bank Home Loans.

The rate of interest offered by Corporation Bank on housing loans is available in both floating as well as fixed rate. Housing or home loan is the cheapest loan still we make sure that we choose the lender that can provide us the lowest rate. Corporation Bank is one of the few banks that makes sure that the customers get the best possible rate as per the eligibility. Since the overall profile of the customer plays an important role in deciding the rate, it is important to make sure that the property papers are proper.

Corporation Bank Home Loan Interest Rates

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ParticularsDetails
Interest Rate8.50% - 9.20%
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
TenureUp to 30 years
Processing FeesCorp 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

What is the best way to get the lowest rate?

If you are eligible for the loan have maintained the property documents to apply for home loans if it an ancestral property, your loan application is considered to be more beneficial. What you should know that more than the income and professional stability, property papers are important to get you the approval. The factors that altogether decide whether or not you will are eligible for the approval or a lower rate are as follows:

  • Property value
  • Age of the applicant
  • Credit history
  • Monthly Income
  • Savings
  • Category of the employer

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