Corporation Bank Kochi

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About Corporation Bank

Corporation Bank is the oldest banking institution in the erstwhile undivided South Canara District of the Madras Presidency. The bank has just completed its 110 years of establishment success in the year 2016. The reason behind the existence of this bank was to fulfill the need of the people of Udipi where no such institution was present. Since, Udipi is an important trading centre next to Mangalore in the South Canara district, Corporation Bank holds an important position in terms of the banking sectors of India.

The bank works with the purpose of giving its best and meeting the needs of the rural as well as the urban population of the nation. With such motive, the bank has for sure won the hearts as well as the recognition in terms of successful work. To name a few, Corporation Bank has got the ‘Best MSME Bank Award 2016’, FAAA/Stable by CRISIL in Fixed Deposit Programme and CRISIL A1+ as the certificate of Deposits. The bank has gone through multiple name changing process which is one of the many stepstones to reach this success. All the products of this bank are designed keeping mind the needs and affordability of the consumer.

Branch Addresses of Corporation Bank in Kochi

Branch NameComplete AddressIFSCMICRContact Number
Kochi (Cochin)I Floor, Star Junction, Mattancherry, KochiCORP00000286820170040484-2227148
ErnakulamRadhakrishan Bldg, Ernakulam - Cochin - 682031CORP00000776820170020484-2351712, 2353648
Ernakulam - RavipuramVettal Chambers, M G Road, Kochi - 682016CORP00001316820170060484-2357403
ElamakkaraRaghvan Pillai Memorial Bldg, Pudukkalavattom Road, Elamakkara, Kochi - 682026CORP00002276820170030484-2408949, 2538727
Kochi I Floor, M.G. Road, Ernakulam, Kochi CORP00005196820170010484-2359186-87
Ernakulam Vyttila Vyttila Dist: Ernakulam - 682019CORP00006726820170070484-2305711, 2305677
PalarivattomVasudev Complex, Palarivattom, Kochi - 682025CORP00006996820170080484-2333150, 2333151
Sannidhi Road 39/4083 - B Krishnanjali Buildings, Ravipuram Temple Road, Ravipuram, Ernakulam, Kochi - 682016CORP00008936820170130484-2359413
LIC of India - Thoppumpady LIC of India, Edathil Building, Cc 16/990 - 3, Pt Jacob Road, Thoppumpady, Kochi - 682005CORP00021266820170120484-2211912
Vallarpadom1st Floor, Rose Arcade, Panambukad Road, Vallarpadom, Ernakulam-682504CORP00015756820170160484-2751801
Panampilly Nagar60 By 8, A Ground Floor, Opposite Mpeda Kizhavana Road, Panampilly Nagar, Kochi 682032, KeralaCORP0001974NON-MICR9446536022
PanayikullamMandayapurath BuildingCORP0003040NON-MICR2512254

Products Offered by Corporation Bank in Kochi

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 Kochi, the bank offers affordable personal loans, home loans, loan against property, business loan, vehicle loan, and investment products like fixed deposits 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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