Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • Corporation Bank Doctor Loan Scheme Reviews

    • 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? 0
      , 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? 0
      , 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
    • Corporation Bank Personal Loan
      "Excellent"
      0.5 4.0/5 "Great!"
      With the corporation bank I do have the personal loan. Interest rate is around 12% to 14% with them and the loan amount got disbursed to my account by the same day itself. Customer service is good with the corporation bank.
      Was this review helpful? 1
      , bangalore
      Reviewed on Feb 05, 2016
    • Corporation Bank Personal Loan
      "High interest rate"
      0.5 4.0/5 "Great!"
      Corporation personal loan rate of interest is very high. I have taken a personal loan from them . I had taken 2 lakhs. Its an ongoing loan . No additional charges being charged. They have only charged some processing fee . I am checking my statement online and the amount is debited from my salary account
      Was this review helpful? 1
      , chennai
      Reviewed on Nov 17, 2015
    • Corporation Bank Personal Loan
      "Not bad..."
      0.5 2.0/5 "Expected more"
      Documentary part was huge in Corporation bank. They offered me 13% interest. Loan process was very slow when I compare to HDFC Bank and AXIS Bank. Corporation bank took around a month. They should speed up their process in terms of personal loan.
      Was this review helpful? 2
      , bangalore
      Reviewed on Nov 05, 2015
    • Corporation Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have got the personal loan with the Corporation bank and the rate of interest was around 14%. I have taken around 2 lakh Rupees as capital and I am paying around 7000 Rupees as EMI for 3 years of time. I got the loan within 2 weeks of time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 02, 2015
    • Corporation Bank Personal Loan
      "Got it easily "
      0.5 5.0/5 "Blown Away!"
      Very recently I have taken my personal loan from CORPORATION BANK. My sister in law is working as the bank manager there so I took this very easily from them. Based on the salary account they offered personal loan to me. I do not find any difficulties with them.
      Was this review helpful? 1
      , bangalore
      Reviewed on Oct 21, 2015
    • Corporation Bank Personal Loan
      "Roaming For A Loan...."
      0.5 1.0/5 "Really Bad"
      Before 1.5 years I started asking for a personal loan in corporation bank. I have never received a proper response from them. Every time the manager says that he is busy with some paper works and ignores me. It will be better if they can finalize and inform me whether it is possible for them to offer me a loan, it may save my time.
      Was this review helpful? 1
      , chennai
      Reviewed on Sep 23, 2015
    • Corporation Bank Personal Loan
      "Excellent!!!"
      0.5 5.0/5 "Blown Away!"
      From Corporation Bank I have taken a personal loan. I have salary account with them. They have collected all my documents and once I signed all the papers, they have sanctioned my loan in a weeks time. The manager was very responsible. With minimum precessing fee and charges they have sanctioned my loan. It was really good with them.
      Was this review helpful? 2
      , chennai
      Reviewed on Sep 16, 2015
    • Corporation Bank Personal Loan
      "Excellent service.."
      0.5 5.0/5 "Blown Away!"
      CORPORATION Bank offered me a Personal loan. I am very much satisfied with this bank. They offered approximately 13.5% rate of interest its quiet less when I compare to other banks. Bank was user friendly and the process was very fast they disbursed loan amount within 2 days.
      Was this review helpful? 1
      , ranchi
      Reviewed on Sep 15, 2015
    • Corporation Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      My salary account is with CORPORATION Bank, so they offered Personal loan with 15% rate of interest. When I compare to other bank its good and I completed this loan almost 3years, Processing fees and charges are normal. Responsiveness wise I am not satisfied with them.
      Was this review helpful? 1
      , mangalore
      Reviewed on Aug 26, 2015
    • Corporation Bank Personal Loan
      "Good Service "
      0.5 5.0/5 "Blown Away!"
      My personal was taken from Corporation Bank very recently with the rate of interest 14%. Ms. Manjula, is the bank executive who assisted me to avail this loan from them. The tenure period is three years and also got an foreclosing option in it.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 19, 2015
    • Corporation Bank Personal Loan
      "Government Bank "
      0.5 4.0/5 "Great!"
      Being a government administration the service provided by Corporation Bank was really good.They are very supportive to the customer but the interest rate offered was really high which was around 10.65%.The documentation process was quite normal and I havenâ??t faced any issue.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 04, 2015
    • Corporation Bank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      Within 1 week my personal loan was disbursed by corperation bank.The process was very easy with the lowest interest rate comparing with other banks. Processing fee charged was Rs.3000. Normal documents were required for the process.I have already recommended the bank because of their quick process.
      Was this review helpful? 2
      , coimbatore
      Reviewed on Jun 22, 2015
    • Corporation Bank Personal Loan
      "Good service"
      0.5 2.5/5 "Just OK"
      I got one personal loan from corporation bank with around 14% of interest rate based on my salary account. It was very easy for me to transfer the amount on monthly basis from my account. I used this personal loan for my education purpose which has been referred through my own institution . Overall good
      Was this review helpful? 5
      , bangalore
      Reviewed on Nov 15, 2014
    • Corporation Bank Personal Loan
      "Quite transparent"
      0.5 5.0/5 "Blown Away!"
      I have planned to close the personal loan with Corporation Bank as they have planned to shift my office to a new place, it would be quite difficult for me to commute to the new place. So far so good, every month the EMI would be debited from my account automatically through standing instructions. There is no hidden cost being added to the EMI its quite transparent.
      Was this review helpful? 4
      , bangalore
      Reviewed on Sep 26, 2014
    • Corporation Bank Personal Loan
      "Cooperative services"
      0.5 4.0/5 "Great!"
      Everything is best at Corporation bank in terms of services and customer support. Only one thing is they are quite slower. I do have existing relationship with this bank, so it is easier to get personal loan.Interest rate was 7.55 which was impressive and overall cooperative services.
      Was this review helpful? 8
      , chennai
      Reviewed on Sep 13, 2014
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    Corporation Bank Doctor Loan Scheme is Rated as "Excellent!" by 20 Users

    Personal Loan BYTES FROM OUR KITCHEN

    Corporation Bnak Doctor Loan Scheme

    Corp Doctor Plus Scheme

    This loan product from Central Bank of India is to provide finance medical practitioners. This will help with setting up of healthcare services in order to establish nursing homes, clinics, pathology laboratories etc.

    Where is the purpose of Cent Doctor Plus Scheme?

    Central Bank of India’s Cent Doctor plus Scheme Loan is meant for procuring of new equipment, setting up of laboratories, even nursing homes. The applicant can also purchase vehicles like ambulances, computers, use it for working capital, and also stock up medicines and other related disposables.

    What are the types of financing available?

    This loan will be considered a Term Loan

    What is the eligibility criteria for Cent Doctor Plus Scheme?

    The Cent Doctor Plus Scheme is meant for doctors with a registered medical practitioner license, they also need to meet the below criteria

    1. Individuals, Partnerships, Trusts, and even companies can apply for this loan
    2. The applicant between the ages of 25 - 65 years of age
    3. All applicants should be registered medical practitioners and hold the qualification in any medical science branch, such as MBBS, BDS, BHMS etc. They can also hold degrees in Physiotherapy, Radiology etc.
    4. The applicant should also have a minimum expertise of 12 months to establish a clinic, nursing home or even hospital.
    5. In a partnership at least 50% of that partnership should be registered medical practitioners.
    6. In a company at least 50% of the directors should be qualified registered medical practitioners.

    What is the maximum amount of loan I can avail?

    The maximum of loan available under this scheme is Rs. 5 crores, the maximum of Rs. 2.5 crore for medical equipment and Physiotherapist will get a maximum of Rs. 50 lakhs

    What is the rate of interest on Cent Doctor Plus Scheme?

    The rate of interest will be including the base rate of 9.70%

    Particulars of amount

    Interest Rate

    Loan up to Rs. 5 crores

    9.70% + 1.90% = 11.55%

    Loan above Rs. 5 crores

    9.70% + 2.65% = 12.30%

    What are the documents required for Cent Doctor Plus Scheme?

    1. The bank will charges a 35% Margin on this loan on construction of nursing homes or clinics and 15% against equipment
    2. Hypothecation of assets bought through the finance or property if the loan is used for construction, for Loans up to Rs.10 lakhs. For a loan amount of above Rs.10 lakhs, the full loan will need to be secured by collateral security like immovable property or other approved securities like Bank deposits, NSCs LIC policies which should be at least 50% of the loan amount in addition to the hypothecation of assets financed.
    3. The age of the immovable property cannot be above 20 years of age
    4. A 0.50% charges will be levied as a charged as processing charges.
    5. There will be no prepayment charges for this scheme.

    What are the terms for Cent Doctor Plus Scheme?

    The Cent Doctor Plus Scheme will have a repayment period of 84 months including moratorium period of 6 months for the purchases of equipment and other related items,

    A maximum of 10 years will give to repay the loan including moratorium period of 12 months for any construction of nursing homes, clinics etc.

    How do I apply for this loan?

    You could download the forms from the website to apply for the application, and along with supporting documents can apply at the nearest Central Bank of India branch.

    Can I apply for Cent Doctor Plus Scheme online?

    The application form can be procured online, however you will need to visit the branch along with the duly filled form and supporting documents.

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