Own a house built out of your dreams by taking a home loan from Corporation bank. Bank offers loan for construction / purchase of house/ flat, repair/renovation/ improvement of existing house/flat. Bank gives loan for site i.e. loan for purchase of site & construction of house thereon, then there is option of take over a loan - to repay loan availed from other banks/institutions/employer, second loan for enhancement- may be permitted during pre EMI or post EMI period, etc.
Highlights
Interest Rate
10%
Loan Amount
Min. - Rs 100000
Max. - Rs 2000000
Tenure
Min. - 5 Yrs.
Max. - 20 Yrs.
Time to Process Loan
7 days
Interest Rates
Tenure
Interest Type
Interest Rate
Offer
20 - 25 Yrs.
Floating
11.25 %
15 - 20 Yrs.
Floating
11.25 %
10 - 15 Yrs.
Floating
10.75 %
5 - 10 Yrs.
Floating
10.75 %
1 - 5 Yrs.
Floating
10.5 %
20 - 25 Yrs.
Fixed
12.25 %
15 - 20 Yrs.
Fixed
12.25 %
10 - 15 Yrs.
Fixed
12 %
5 - 10 Yrs.
Fixed
12 %
1 - 5 Yrs.
Fixed
11.5 %
Fees & charges
Fees & charges
Processing Fee
0.5 %
Pre-Payment Charges
0.5 %
Eligibility Criteria
Eligibility Criteria
Salaried
Salaried:
Annual Income
Rs 120000
Age
Min.: 24 Yrs. Max.: 55 Yrs.
Documents Required:
ID Proof
Yes
Residence Proof
Yes
Income Proof
Yes
Telephone
Yes
Photograph
Yes
Bank Statement
Yes
Signature Proof
Yes
Security
Security
Equitable Mortgage of house / flat purchased out of Bank Finance and co-obligation of the spouse of the applicant.