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

    • 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? 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
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    Corporation Bank Skill Loan Scheme is Rated as "Excellent!" by 21 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    Corporation Bank Skill Loan Scheme

    Apply for Personal Loan

    Corp Skill Loan Scheme

    Corp Skill Loan Scheme is a product brought to you by Corporation Bank, specifically designed to provide finance to individuals looking to take up courses to increase their skill and join the skilled labour force on the country.

    Where is the purpose of Corp Skill Loan Scheme from Corporation Bank?

    The Corp Skill Loan Scheme is meant for the raise finance for them to pursue a technical education courses to increase their skill.

    What is the eligibility criteria for Corp Skill Loan Scheme from Corporation Bank?

    In order to be able to apply for this loan, the applicant needs to be match these criteria

    1. Student applying for the loan should be an Indian citizen.
    2. The applicant should have secured admission into Industrial Training Institutes or into any schools or colleges that is recognised by Central or State Education Boards
    3. The applicant will need to join any courses that will provide you him or her a Certificate, Diploma, Degree after completion of the course. The certificate should be issued by an organization as per National Skill Qualification Framework (NSQF).
    4. Applicant needs to be qualified to enrol as required by these institutions

    What are the types of financing available?

    This loan will be considered in the form of a Term Loan

    What is the maximum amount of loan I can avail?

    The loans will range between an amounts of Rs. 5000 to Rs. 1, 50, 000

    What is the rate of interest on Corp Skill Loan Scheme from Corporation Bank?

    The interest rate is a floating rate based, the base rate of interest will be 9.65% per annum effective from 8th October 2015. The rate for this loan scheme is the Base Rate + 2.25% making the interest rate 11.9%.

    What are the terms for Corp Skill Loan Scheme from Corporation Bank?

    1. The tenure for payment will be
      • For an amount of Rs. 50, 000 - up to 3 years
      • For an amount of Rs. 50, 000 to Rs. 1, 00, 000 - up to 5 years
      • For an amount above Rs. 1, 00, 000 - up to 7 years
      • There will be a step up EMI payment available
      • Interest will be debited during the initial payment
    2. The equitable mortgage of the premises should be fully securing the two loan.
    3. There will be no prepayment fees charged for this loan.
    4. There will be no processing fees charged for this loan.
    5. The moratorium period for a Courses of duration up to 1 year will be the course period + 6 months and for Courses of duration above 1 year will be Courses duration + 12 months
    6. The eligible expenses under the scheme will be the course fee paid directly to the institute
    7. Any other expenses related to the course such as exam fee, purchase of books, laboratory fee, charges for library, any instruments or equipment’s required.

    How do I apply for this loan?

    Fill in the application form which is available on the website of the bank, along with 2 passport sized photographs and attached all other document required by the bank. And contact your nearest branch.

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