Corporation Bank Indore

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About Corporation Bank

Corporation Bank is one of the leading public sector banks in India with 8,000 functional units that includes 2,200 branches and more than 1800 ATMs all over the nation. The bank has a wide array of products from loans to credit cards, from investment products like FD to Pradhan Mantri Jan Dhan Yojana (PMJDY). The headquarter of Corporation Bank is in Mangalore, Karnataka, India and has completed more than 110 years in the banking sector.

The online service of Corporation Bank is as good as the offline service with the focus on the convenience of the customers. The bank has won the ‘Best MSME Bank Award in 2016’ instituted by The Associated Chambers of Commerce & Industry of India (ASSOCHAM), ‘Excellence Award on Empowering MSMEs 2016’, ‘SKOCH Achiever Award-2016’ and ‘Best Performance under the Self Help Group (SHG)/Joint Liability Group (JLG) Bank Linkage Programme’ from NABARD in Karnataka state for the Financial Year 2013-14 & 2-14-15 to name a few.

In Indore, the bank has spread its wings in all the major regions of the city making it convenient for the people to reach the bank. Having said that, Corporation Bank continues to serve the urban as well as the rural population of the country will equal dedication.

Branch Addresses of Corporation Bank in Indore

Branch NameComplete AddressIFSCMICRContact Number
Indore Main63 M G Road, Singapore Market, Indore-452001CORP00002904520170020731-2513000, 2513001
New Palasia CPBB14/1, New Palasia, Kanika, Indore-452001CORP00006454520170030731-2548321
Indore Mini CAPSMini Campus, Regal Square, Indore CORP00009314520170010731 2525222
KodariyaMain Road, Kodariya, IndoreCORP0001407453017001NA
DharampuriPlot No. 142, Opposite Petrol Pump, Village Dharampuri, Tehsil Sanwer, Indore- 453551CORP0001524453017501NA
KishanganjPlot No.1, Chinar Residency, Mewara Garden, A B road, VIllage Kishanganj, Indore-453446, CORP0001883NON-MICR9993069992
Bengali Chourah Wide Road Goyal Nagar, Bengali Chourah Near Shakuntala Devi Nursing Home-452008CORP0003034NON-MICR7805021237
Annapurna RoadPlot No. 7, Usha Nagar Extension, Sudama Nagar Road, Indore CORP00030444520170062485988
Sapna Sangeeta RoadProfessor Colony, Bhawarkuan Square A B Road, Indore CORP0003051NON-MICR2461146
BairagarhShop No. 24 25 26, Sehore Naka, Bhopal Indore Road, Bairagarh, Indore CORP0003052NON-MICR2644291
VijayanagarPlot No. 51, Vijayanaga, Near Satya SA A B Road, Indore-452010 CORP0003085NON-MICR731-2578441
New Loha MandiPlot No. 75 A, New Loha Mandi Scheme No. 78 I Main RoadCORP0003386NON-MICR7024108778

Products Offered by Corporation Bank in Indore

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 Indore, the bank offers personal loans, home loans, loan against property, business loan, vehicle loan, and fixed deposit products other than a saving account. So, go through the details of all the products as per your eligibility and apply for the one that suits your purpose.

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% - 9.20%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% - 13.85% 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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