Corporation Bank Pune

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About Corporation Bank 

Corporation Bank is a public sector bank based out in Mangalore, India. With pan India presence and 8,000 functional units, the bank comprises of 2200 branches, 1800+ATMs and 3,000 branchless banking units. It has one of its branches in Pune, Maharastra. It ushers itself in offering a vast number of products for fulfilling the needs of the personal, corporate, NRI and rural sector. The vision of the bank is to emerge itself as a model for inclusive growth and offer innovative banking services. The mission of the bank is to extend the presence in meeting the financial needs of the people, also providing assistance of modern technology, thereby provides a rewarding environment for all stakeholders. The bank also continues to provide a model organization for transparent and ethical practices. The bank caters SME loans centres in sixteen cities across India. The bank runs a project Sankalp which is a business process re-engineering and organizational management project. The bank has earned various awards and accolades for its major contributions in the banking sector.

Branch Addresses of Corporation Bank in Pune

Branch NameComplete AddressIFSCMICRContact Number
Pune MainAditi Comm.CEN.E.Street, Camp, Pune, 411001CORP0000132411017002020-56233095
KarvenagarSai Ganesh Complex, P.O.Karvenagar – Pune- 411052CORP0000503411017005020-25411212
CapsCaps Branch, East Street, Camp, PuneCORP0000516411017001020- 2026357908
ShivajinagarLIC Of India Bldg, Off. Shivaji Nagar, Pune-411005CORP0000690411017006020-25530593
Hq.Southern CommandSouthern Command, Pune Camp, Pune-411001CORP0000698411017007020-26330117
Deccan GymkhanaJungli Maharaj Road, Deccan Gymkhana, PuneCORP0000700411017008020-25538285
Viman NagarVimannagar, Mehta House, G Floor, Pune - 411014CORP0000739411017009020-26634291
BanerBaner Rd, Opp.Hotel Sagar, Baner, Pune - 411045CORP0000774411017011020-27291119
SomwarpetMSEB Power House, Somwarpeth, Pune - 411001CORP0000785411017012020-26050601
NavipethBhoomi, Stilt Floor, 63, Navipeth, Opp Happy House, L.B.S Road, Pune - 411030CORP0000904411017014020-24330210

Products Offered by Corporation Bank in Pune

ProductEligibilityLoan Amount 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
8.85% - 9.10%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

12.75% - 13.75%

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

9.40% - 9.90%

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

10.20%-11.70% p.a.1% 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% p.a.Term loan : 1% of the limit sanctioned 7 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 companiesNIL

5.00% - 7.10%

NIL7 Days-10 years

Documents Required


Product
Documents
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 Loan Proof 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, Bank Statement with Cheque
A photograph
Trusts

Copy of the Trust Deed
Copy of the registration certificate
Copy of the Resolution of the Trustees authorizing the members concerned to open and operate the account
Photographs of the members operating the account
Associations/Clubs

By-laws of the Association
Copy of the Resolution by the board authorizing the members concerned to open and operate the account
Photographs of the members operating the account

Partnership Firm
Partnership Deed
Letter from partners approving the persons concerned to open and operate the account
Photographs of the persons operating the account


Public or Private Limited Companies
Board Resolution / Authority Letter
Memorandum & Articles of Association
Certificate of Incorporation
Certificate of Commencement of Business (Public Limited Company)
Form 32 in case list of directors are not original subscribers to Memorandum & Articles of Association (in case of Private Limited Cos) Duly acknowledged by ROC
Governing Act / Rules and Regulations(PSUs) (certified true copy)

 

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