|
Corporation Bank - Corp Personal |
 |
|
 |
|
Product Name: |
Corp Personal |
|
Loan Details
Loan Type: |
Personal Loan
|
| Amount Requested: |
Rs.100,000 |
| Total Interest: |
Rs.23,916 |
|
Interest Rates
Interest Rate: |
14.50%
|
| Eligibility Notes: |
Permanent employees
Pensioners drawing pension through our Bank and individuals with income other than salary/pension
Quantum of Loan - Max.
For salaried persons, 12 times the take-home pay, where an undertaking letter has been obtained from the employer to route the salary through Corporation Bank untill the loan is closed in full
For pensioners, it is restricted to 6 months' pension
In case of individuals with income other than salary/pension, 25% of the gross annual income |
| Max Amount Allowed (Salary): |
12 x salary multiple |
| Max Amount Allowed (Self Employed): |
1 x income multiple |
|
Other Loan Features
Loan Amount: |
Rs. 0 to Rs.1,000,000 |
| Repayment: |
Within a maximum period of 60 months in Equated Monthly instalments
Total deductions including the deduction towards the proposed Loan not to exceed 50% of the take-home pay |
| Security: |
Suitable Third Party guarantee to be obtained in all cases |
| General: |
Loan Purpose
To meet any genuine personal expenses relating to family functions, education, travel, marriage, medical etc
Corp Mitra Gold For LIC Agents |
|
Fees Processing Fees: |
1.5% of the loan amount subject to a minimum of Rs 500 |
|
 |
|
|
Email Page to a Friend
| Privacy Policy
| Terms of
Use
