Corporation Bank New Delhi

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About Corporation Bank

Corporation Bank is a public sector bank that has been in the field of banking since 1906. The bank has more than 8000 functional units including 2200 branches and more than 1800 ATMs all over the country. Corporation Bank has always focused on giving the affordable products and customer-friendly services to the rural as well as the urban population of India. The bank has made people have faith that their money is safe and that a good return can surely be expected against the investment products like Fixed Deposits.

Having in its credit, the awards like ‘Best MSME Bank Award 2016’ instituted by the Associated Chambers of Commerce & Industry of India (ASSOCHAM) and ‘Excellence Award on Empowering MSMEs 2016’ to name a few, Corporation Bank does not need any introduction in terms of its performance. The bank has won the hearts of both investors and beneficiaries and continues to run with the same spirit in the future as well. In New Delhi, the bank has its branches across the city and holds a significant strength of account holders as well as investors.

Branch Addresses of Corporation Bank in New Delhi

Branch NameComplete AddressIFSCMICRContact Number
New Delhi Connaught CircusM 41 Connaught Circus Post Box No 162 New Delhi 110001CORP0000141110017004011-23417547
Chandni Chowk1907 By 1907 A Chandni Chowk Opp Gurudwara Sisganj Delhi 110006CORP0000205110017002011-23968734
Karol Bagh13 By 32 Western Extension Area Ground Floor Main Arya Samaj Rd Karolbagh New Delhi 110005CORP0000264110017006011 25750952
Kamala NagarSunder Bhavan 28 E Kamalanagar Delhi 110007CORP0000283110017003011-23845163
Greater KailashM 4 Greater Kailash Part 2 New Delhi 110048CORP0000286110017005011-29211940
Lodhi ComplexBlock 11 Ground Floor C G O Complex Phase I Lodhi Road New Delhi 110003CORP0000371110017007011 24361469
BCPFlat Nos 124 To 130 3 Ansal Chambers I Madame Bhikaji Cama Place New Delhi 110066CORP0000373110017008011-26106905, 26106053
IFB10 Th Floor Hindustan Times House Kasturba Gandhi Road New Delhi 110001CORP0000447110017012011 28750445
PalamWz 59 B Palam Village New Delhi 110045CORP0000452110017013011 25085893
Dilshad GardenE 9 Dilshad Garden New Delhi 110095CORP0000463110017015011 22354043
NangloiHouse No 2 Nangloi Jat Najafgarh Road New Delhi 110041CORP0000468110017017011 25947005
Pashchim ViharA 6 By 9 Paschim Vihar New Delhi 110063CORP0000476110017018011 25258519
New Friends Colony48 Community Centre Friends Colony New Delhi 110065CORP0000481110017019011 26926321
Hauz KhasNo 14 Kaushalya Park Hauz Khas New Delhi 110016CORP0000494110017020NA
LaxminagarGround Floor Flat No 5 6 7 8 9 District Centre Vikas Marg New Delhi 110092CORP0000506110017024NA

Products Offered by Corporation Bank in New Delhi

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 New Delhi, the bank offers affordable personal loans, home loans, loan against property, business loan, vehicle loan, and fixed deposit products.

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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