Corporation Bank Business Loan

Corporation Bank | Business Loan | 19-Jul,2022

About Corporation Bank: Corporation Bank was a public sector bank established on March 12, 1906. It provided banking and financial services. In 2019, following an announcement by Finance Minister Nirmala Sitharaman, the bank was merged with Union Bank of India. According to information gathered from various websites, the bank had a network of approximately 2,432 fully automated CBS branches. Furthermore, as of March 2019, Corporation Bank had a total of 18,935 employees.

Detail: To be eligible for a Corporation Bank business loan, candidates should not be more than 65 years old.

Annual Percentage Rate (APR): Between 10.30% – 11.80%

Minimum & Maximum period for repayment (Loan Tenure): Up to 15 years

Loan processing charges: 1% of the loan amount

Late Payment: As per the loan provider.

Foreclosure Charges: N/A

Partpayment Charges: N/A

Maximum Loan Amount: As per the applicant’s profile.

Corporation Bank Profile

Sector : Finance

Industry : Regional Banks

As mentioned above, Corporation Bank has been operating under Union Bank of India since 2019. This bank is known for providing excellent banking and financial services. Currently, it offers several attractive loan options to its customers. We recommend that you use online resources to learn more about Corporation Bank.

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Loan Type

Corporation Bank ROI Max Loan Amount Tenure Processing Fee Late Payment Foreclosure Charges Partpayment Charges
Personal Loan 10.75% onwards Up to Rs. 3.50 lakh Up to 60 months 1.50% of the loan amount (Minimum Rs. 500/-) As per the loan provider. N/A N/A
Car Loan 9.50% p.a. Rs.1 crore Up to 7 years 1% of the loan amount As per the loan application form. N/A N/A
Business Loan Between 10.30% – 11.80% As per the applicant’s profile. Up to 15 years 1% of the loan amount As per the loan provider. N/A N/A

Disclaimer* - All the information provided on this site regarding loans and other banking services is completely taken from different websites of respected banks and financiers. We do not provide any kind of loan or finance. We only help you out to find the right loan or banking service that would be best for you as per your requirements. We do not get user data for further processing. We do not take any kind of money from our users, or do we have a sales team to provide loan. All loans are at the discretion of the associated Banks.