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Corporation Bank Personal Loan
Member's Recomendation
| 2 | 1 |
Features:
· Available to meet any personal expenses relating to family functions, educations, travel, marriage & medical etc.
· Maximum available loan is 2 lakh
· Repayment period for salaried class: 36 months & other than salaried its 60 months.
Eligibility:
· Salaried person can get maximum loan amount of is 12 times
Charges:
· Processing Charges:1.5% of the loan amount subject to minimum of Rs. 500/-
· Prepayment Charges: Nil
Interest Rates:
· When salary is routed through a bank A/C and the person contains salary slip it is 14% floating rate with effect from 17.05.2011wlse it is 15%p.a.
· Fixed rate option is not available under the scheme.
Salaried Individuals
Self Employed
Average user rating
Average user rating
corporation bank should not charge any processing fees
By: Aarti, India | 23 May 2010
corporation bank should not charge any processing fees. i was not sure if i could get a personal loan however the canara bank employee said a processing fees has to be paid upfront irrespective of you...[Read]

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