Multiple banks. Different interest rates. Call it a "conflict of interest".
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    Corporation Bank Personal Loan

    Corporation Bank offers personal loans for permanent employees of public and private companies at very reasonable rates of interest. If you are looking for a personal loan to consolidate your debt, you can apply for a personal loan through Corporation Bank.

    • Rate of Interest – Starts at 12.90% p.a.
    • Loan Amount – Ranging from Rs.10,000 to Rs.3.5 lakh
    • Loan Repayment Tenure – Up to 60 months
    • Processing Fee – 1.5% of the loan amount, subject to a minimum of Rs.500
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    Corporation Bank Personal Loan is Rated as "Excellent!" by 35 Users

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    Corporation Bank Personal Loan Details

    Interest Rate  Loan Amount  Benefits 
    Minimum: 12.90% p.a.  Maximum: 13.90% p.a.  Minimum: Rs.10,000  Maximum: Rs.3.50 lakh  Minimal documentation and competitive interest rates. Lower rates for existing customers. 
    *(as recorded on 15 March 2019)  

    Why choose Corporation Bank Personal Loan? 

    There are a number of benefits which can be enjoyed by an applicant for choosing Corp Personal loan. Some of these benefits are as follows: 

    • Lucrative rate of interest. 
    • Minimal documentation. 
    • Loan amount of as less as Rs.10,000 to as much as Rs.3.5 lakh can be availed by the applicant. 
    • Loan repayment period of up to 60 months. 
    • Low processing charges. 
    • No charges for prepayment of loan. 
     

    Fees and charges

    Processing fee 1.50% of the loan amount or Rs.500 (whichever is higher) 
    Prepayment charges Nil
     

    Eligibility criteria

    The applicant should be: 

    • A permanent employee of a Central Government office or a state government office. 
    • A permanent employee of a Public Sector Undertaking (profit-making). 
    • A permanent employee of a school, university, college, research institution, etc. 
    • A permanent employee of a public limited company. 
    • A pension drawing individual who draws pension through Corporation Bank. 
    • A permanent employee of a reputed private company. 
    • Most lenders usually offer personal loans for individuals within the age bracket of 21 years to 60 years. 
    • A good credit score is one of the major deciding factors in terms of a personal loan. A credit score of 700 or more should make the approval of a personal loan application easier. 
    • A clean credit history and good repayment record (in case of loans taken previously) are taken under consideration for approval of a personal loan. 
    • A suitable co-applicant or third-party guarantor should be present. 

    What documents are required to apply for Corporation Bank personal loan?

    • A proof of identity such as Aadhaar card, passport, Election Commission card, etc. 
    • A proof of address such as Aadhaar card, passport, Election Commission card, etc. 
    • Passport-sized photograph 
    • Bank statement as proof of income 

    These are some of the documents required by Corporation Bank. However, you might have to provide other documents as per their requirement. 

    About the Bank

    The Corporation Bank Personal Loan is known as Corp Personal. Corporation Bank is known for providing personal loans at very competitive interest rates. You can apply for a Corp Personal Loan to meet any kind of emergency expenses or any other legitimate expense. The documentation process is minimal and the lender also offers fast loan disbursal.

    FAQ on Corporation Bank Personal Loan 

    What is the purpose of the personal loan offered by the Corporation Bank? 

    The main purpose of Corporation Bank personal loan is to provide immediate finance for personal expenses. The personal loan amount can be used for any personal expenditure that is legal ranging from wedding expenses to expenses incurred during a medical emergency. 

    How many types of personal loans are offered by the bank? 

    The bank offers only one type of personal loan known as Corp Personal Loan. 

    What is the maximum loan amount granted under this loan scheme? 

    The maximum loan amount granted under this loan scheme is Rs.2.50 lakh. However, every individual can make a request for a loan of higher amount to the bank if they have a good credit history. 

    Does the loan require security? 

    The loan requires a third-party guarantee or a suitable co-applicant as security for the loan. 

    How to track the status of Corporation Bank Personal Loan? 

    You can visit the nearest Corporation Bank branch office to know the status. On the other hand, if you have applied for the personal loan through BankBazaar, you can log in to your BankBazaar profile and find out the status of your loan. You can also receive regular SMS and email updates from BankBazaar on the registered phone number and email ID. 

    How can one apply for the Corporation Bank personal loan? 

    One can apply for the Corporation Bank personal loan through two ways- Online and Offline. An individual can apply for the loan offline by visiting the bank personally and applying for the loan there. Or the customer can apply for the loan from the comforts of their house by either applying through the bank's official website (if the option is available) or through a third-party financial website. 

        

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    Corporation Bank Personal Loan Reviews

    • Corporation Bank Personal Loan
      "Not satifactory services "
      0.5 1.0/5 "Really Bad"
      My personal loan experience with CORPORATION BANK is good . I applied for 8 lakh but they just gave me 3 lakh . The executive came to home to verified the document . There were no processing fee with this loan . They provide satisfactory loan amount . Rate of interest was nominal .
      Was this review helpful? 1
      , new delhi
      Reviewed on Jun 08, 2019
    • Corporation Bank
      Corporation Bank Personal Loan
      "Better"
      0.5 5.0/5 "Blown Away!"
      Earlier I took a personal loan in Corporation Bank and its been completed. The interest rate was around 15% and it was quite good. They have provided me a proper service. They have charged me a processing fee and its nominal. The documentation process is also simple.
      Was this review helpful? 2
      , bangalore
      Reviewed on Mar 14, 2019
    • Corporation Bank Personal Loan
      "Its Convenient"
      0.5 5.0/5 "Blown Away!"
      I have salary account from Corporation bank, they gave me the best interest for the duration of five years. I have submitted less papers for the documentation part. The customer support is very helpful on my queries, I am satisfactory with them overall.
      Was this review helpful? 1
      , mangalore
      Reviewed on Feb 28, 2019
    • Corporation Bank Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with CORPORATION BANK , application process documentation was easy. I got the loan amount with in few days. The rate of interest is very nominal compare to other and tenure period is sufficient . They charge processing fee and it is also nominal .
      Was this review helpful? 9
      , ghaziabad
      Reviewed on Dec 28, 2018
    • Corporation Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have personal loan with Corporation bank, There Rate of interest is nominal with the bank, and even processing fee they charge was nominal and the loan amount they have given me was sufficient for me, overall service is good, they have not charged any hidden charges.
      Was this review helpful? 3
      , chennai
      Reviewed on Nov 28, 2018
    • Corporation Bank Personal Loan
      "Good Financial service"
      0.5 4.0/5 "Great!"
      I have taken personal loan from CORPORATION BANK. Am not satisfied with the rate of interest which is high. There is processing fees for the loan which is high of Rs 25000. I make the payments through Ecs every month .They did quick documentation and received the loan.
      Was this review helpful? 3
      , pune
      Reviewed on Oct 06, 2018
    • Corporation Bank Personal Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      My personal loan experience was not up to the mark with Corporation bank, the loan amount was for Rs 1 lakh with 13.5% interest rate which is quite high. I am not satisfied with the customer service of this bank, their response was delayed and i pay my through ECS.
      Was this review helpful? 4
      , karad
      Reviewed on Jul 05, 2018
    • Corporation Bank Personal Loan
      "Worst service"
      0.5 1.0/5 "Really Bad"
      I take personal loan in 2016, I cleared the loan in 2017november,after clearance of previous loan i wanted to take new personal loan,the manager also told me that we will give a new loan to you,I am ready with all the documents required for the loan,and submitted to bank, from november2017 still I go to bank thrice a week,but they didn't respond me.
      Was this review helpful? 1
      , visakhapatnam
      Reviewed on Jun 29, 2018
    • Corporation Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It has been a very good experience with them where after applying i had got the loan in 24 hours and the loan amount which they had provided had been satisfactory. The interest rate with them had been good as well. There has not been any kind of issues faced with the banking services of them so far.
      Was this review helpful? 1
      , ranipettai
      Reviewed on Jun 25, 2018
    • Corporation Bank Personal Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from CORPORATION BANK, and that loan lasts for 3 years. I am totally satisfied with the amount what they have provided to me, and it is easy to pay back even. I pay my due monthly from my salary account as auto pay, i found easy to repay them and it helped me too.
      Was this review helpful? 2
      , bangalore
      Reviewed on May 02, 2018
    • Corporation Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with Corporation bank.The loan amount is two lakhs,rate of interest is 13% Th total tenure is for 1.5yaers.I have submitted documents and they had processed immediately The EMI amount is paid through an ECS payment.The EMI amount is 3600.
      Was this review helpful? 2
      , bangalore
      Reviewed on Jan 04, 2018
    • Corporation Bank Personal Loan
      "Quick Loan"
      0.5 5.0/5 "Blown Away!"
      When in need of some finance, again Corporation Bank helped me in great deal. The whole Loan got approved within 2 hours. The repayment of it is also pretty easy to make. They have provided me one of the best Interest Rate available. The overall experience with them has been great.
      Was this review helpful? 4
      , new delhi
      Reviewed on Dec 29, 2017
    • Corporation Bank Personal Loan
      "Good. Can be more clear in the payments"
      0.5 4.0/5 "Great!"
      The process to get the personal loan from Corporation bank was good. I being a salary account holder of this bank. They have provided the loan of ten months of my basic salary. Though I have made my payment every month on the said due date the bank says that I have 28 late payments.
      Was this review helpful? 2
      , bangalore
      Reviewed on Nov 23, 2017
    • Corporation Bank Personal Loan
      "Satisafctory"
      0.5 4.0/5 "Great!"
      My personal loan was taken with COPERATIVE bank 2 years back. The loan amount was 3 lakhs and the interest rate was 12% which was very high than other banks. The EMI period was 5 years . They have provided door step service for collecting documents. My overall experience was satisfactory.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 10, 2017
    • Corporation Bank Personal Loan
      "Better Process"
      0.5 4.0/5 "Great!"
      Since I hold savings account with corporation bank, I had taken the personal loan for three times. All the times the bank sanctioned the loan without any hassles. Interest rate is 14% and every time they would collect the documents for the loan process. They would complete the process in a month time.
      Was this review helpful? 0
      , vellore
      Reviewed on Jun 19, 2017
    • Corporation Bank Personal Loan
      "Excellent"
      0.5 4.5/5 "Excellent!"
      From Corporation Bank I have taken a personal loan. I have salary account with them  I am very much satisfied with this bank. They offered approximately 13.5% rate of interest its quiet minimal when I compare to other banks. Bank was user friendly and the process was very fast they disbursed loan amount soon.In 2015 dec I have opted this loan of 2.5 laks and the EMI was 9800.
      Was this review helpful? 1
      , ramanagaram
      Reviewed on Mar 29, 2017
    • Corporation Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      The service provided was very good with corporation bank related to the personal loan process and the rate of interest was around 13.5%. I have taken around 80 thousand Rupees as capital and I am paying around 4000 Rupees as EMI for a years time later I pre closed it later and they charged minimal amount for pre closure
      Was this review helpful? 2
      , ramanagaram
      Reviewed on Mar 29, 2017
    • Corporation Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      The service provided was very good with corporation bank related to the business loan process.Which was offered by our honorable prime minister of India,which was really helpful, I have taken this loan on January and i have closed it in April, Customer service is good with the corporation bank.
      Was this review helpful? 1
      , pune
      Reviewed on Jan 05, 2017
    • Corporation Bank Personal Loan
      "The best on ROI and charges"
      0.5 4.0/5 "Great!"
      I had applied for a personal loan with Corporation bank simultaneously when I applied with HDB financial. Though the process took some time for the loan, but I ended up paying a much lesser fee when compared to the HDB institution. I only paid a total fee around 2400. The rate of interest was also around 11%.
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 17, 2016
    • Corporation Bank Personal Loan
      "Good service "
      0.5 4.0/5 "Great!"
      The service provided was very good with corporation bank related to the personal loan process.They take around 1weeks to 10days of time to process the loan.The documents required are very huge but the sets and information are given in initial stage basically.
      Was this review helpful? 1
      , coimbatore
      Reviewed on Apr 07, 2016
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