CORPORATION BANK

Loans

Corp Bank offers a variety of loans to choose from. The various retail loans are given as 'Corp Schemes' highlighting the traditional Corp Bank commitment on giving the best in terms of service, speedy disposal and of course at a very competitive interest rates.

Corp Bank offers Housing Loans, Education Loans, Consumer Loans for purchase of consumer durables like TV, washing machines, music systems and other electronic goods, loans against future rent receivables on leased out building/premises, loans to purchase two-wheelers & four-wheelers, loans against shares, loans for purchase of medical and other such sophisticated equipments, loan to acquire office premises/building & furniture, personal loans, loans to women to buy pure gold/jewelery, loan against mortgage of property etc.

The Bank’s Benchmark PLR, Known as COBAR (Corporation Bank Benchmark Advance Rate) stands revised at 12.50% per annum, with effect from 1.1.2009

Interest calculation on credit facilities will be done on the basis of 365 days only, irrespective of whether the year is leap year or not.