Corporation Bank Hyderabad

Banks435 views

About Corporation Bank

Corporation Bank is a public sector bank headquartered in Mangalore, India. The bank has completed 110 years in the banking sector with the continuity of providing customer-friendly services to the urban as well as rural population of the society. The bank has also initiated a CSR named CorpKiran which is managed by the wives of the senior executives of the Corporation Bank. This foundation works towards the betterment of the society in the field of environment, and welfare of the society.

Corporation Bank offers personal loans and home loans at affordable rates and higher loan amount facility making it convenient for the common people to apply for a loan without making a hole in their pocket. The investment products of the bank are one of the best deals in the banking sector. In Hyderabad, the bank has spread its wings in almost all the areas of the city. So, have a look at all the products offered by Corporation Bank in this article.

Branch Addresses of Corporation Bank in Hyderabad

Branch NameComplete AddressIFSCMICRContact Number
Siddiamber bazar I Floor Goyal Market, Siddiamber Bazar, Hyderabad-500012CORP0000043 500017007040-24745587
M.G RoadD.No. 1 - 2 - 235, G&H, Park Lane, M.G. Road, P.B. No. 1546, Secunderabad, Hyderabad-500003CORP0000044 500017005040-27814877, 27814977
BadichowdiSri Ranga Commercial Complex, Sultan Bazar, Badi Chowdi, Hyderabad- 500195CORP0000136 500017003040-24651812
S.P.Road 9 - 1 - 86/1, Sardar Patel Road, Beside St. Anns High School,Nehru Nagar, Secunderabad, Hyderabad- 500026CORP0000166 500017006040-2780652
Hyderguda3 - 6 - 285, Ameer Mahal Apartments, Hyderguda, Hyderabad- 500029CORP0000276 500017004040-23225778, 55627591
Hyderabad CAPSCAPS Branch, 5 - 9 - 112, Surya Chambers, Nampally, Hyderabad CORP0000515 500017001040-23420170
Hyderabad - PBBIst Floor, Surya Chambers, Opposite Telugu University, Nampally, Hyderabad-500001CORP0000524 500017008040-23231365
Banjara Hills8 - 2 - 248/A Road No. 3, Banjara Hills, Hyderabad- 500034CORP0000590 500017009040-23352881, 23420173
Jubilee Nagar 468, Jubilee Hills, Hyderabad- 500034CORP0000591 500017010040-23541707, 23420174
Secunderabad Tarnaka Street No. 1, Tarnaka, Secunderabad-500017CORP0000623 500017011040-27155275
Gunrock Enclave Plot No. 220, Gunrock Enclave, Sikh Road, Bowenpalli, Secunderabad-5000009CORP0000635 500017012040-27844303
Sainikpuri MIG - B11, Dr .A.S.Rao Nagar, Hyderabad-500062CORP0000640 500017013040-27122612
S.R.Nagar Ist Floor, MIG- 581, Near Community Hall, Sanjeevareddy Nagar, Hyderabad-500038CORP0000670 500017015040-23817534
Dilsukhnagar Adjacent to Astalaxmi Devalayam, Road No. 7, Vasavi Colony, Hyderabad CORP0000671 500017014040-24031726
Nallakunta Plot No. 196B, Shivam Road, New Nallakunta, Hyderabad-500044CORP0000743 500017016040-27565354
Kukatpally Plot No. 258, Vivekananda Nagar Colony, Main Road, Kukatpally, Hyderabad- 500072CORP0000770 500017019040-23060100

Products Offered by Corporation Bank in Hyderabad

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 Hyderabad, the bank offers affordable personal loans, home loans, loan against property, business loan, vehicle loan, and fixed deposit products. So, have a look at the eligibility and the basic product details of all the major products offered by the bank.

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,

People Also Look For

Personal Loan Interest Rates December 2018
Bajaj Finserv10.99% - 16.00%
Fullerton India14.00% - 33.00%
HDFC Bank11.25% - 21.50%
ICICI Bank10.99% - 18.40%
IndusInd Bank10.99% - 16.00%
Kotak Bank10.99% - 20.99%
RBL13.00% - 18.00%
Standard Chartered Bank12.00% - 17.00%
Tata Capital10.99% - 18.00%
Home Loan Interest Rates December 2018
State Bank of India/SBI8.75% - 9.35%
HDFC8.80% - 9.70%
Bank of Baroda8.65% - 9.65%
LIC Housing8.85% - 9.05%
PNB Housing Finance9.00% - 13.00%
ICICI Bank9.10% - 9.35%
Axis Bank8.85% - 9.10%
Citibank9.00% - 9.85%
Indiabulls Housing Finance Limited8.80% - 11.05%
Kotak Bank8.90% - 8.75%
DHFL9.05% - 9.95%
Reliance Home Finance8.75% - 14.00%