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Here, at Siliconindia, we provide you the best deals on loans from the Best Loan Providers in India. Know about the various business and product categories related to home loans, personal loans, mortgage loans, education loans, business loans, construction loans, NRI loans, Car loans and more. Get complete info about the company profile, its products and contact details right here.
 
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Corporation BanK - Chennai , Home Loan,Personal Loan,Car Loan

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Every institution has its start in modest initiatives but what makes it great is the passion of the people behind it. Carrying the legacy forward with an undaunted commitment to its vision, the journey of Corporation Bank truly epitomizes this. Started about 108 years ago in 1906, with an initial capital of just Rs.5000/-, Corporation Bank has recorded Rs. 2,94,477 Crore mark in business and even far more, with over 7102 service outlets across the nation, served by committed and dedicated 15,000 plus Corp Bankers. Proof of which is seen in its enviable track record in financial performance. We have many reasons to cheer, predominant of them is, being able to participate in nation building by empowering the rural and urban population alike. Today, we are proud that we are significant contributors to the growth of the country\'s economy. EARLY MOVER Nationalised in 1980, Corporation Bank was the forerunner when it came to evolving and adapting to the financial sector reforms.
Loan Details

We offer Corp Home loan, Corp Personal loan, Corp Vehicle loan, Corp Vidya loan, Corp Mortgage loan, Corp Professional loan

Home Loan:
Resident individual either singly or jointly /NRI/PIO , between 18 to 65 years, with independent and regular source of income. In case of property jointly owned with close relatives , all joint owners shall join as co applicants irrespective of their age. Including spouse, maximum of two close relatives [ Father, Mother, Spouse, Daughter, Son] may join as co applicant to supplement repayment capacity. In case of salaried person, applicant/s shall be confirmed in the present service & shall have two years of aggregate service in previous and present employment together

Personal Loan:
Employees whose salary is routed through the Branch. Pensioners drawing pension through the branch. Other than salaried class having regular dealings with the branch.

Car Loan:
Individuals, Professionals/ Businessmen/ Salaried class & Others, NRIs, Sole Proprietorships, Partnership Firms, HUFs, Companies/Trusts/Institutions are eligible. Minimum NET annual income of Rs.0.50 lakhs for two/three wheelers and Rs.1.20 lakhs for four wheelers. Cash accruals/Depreciation also may be added to income, Close relative may join to supplement repayment capacity. In case of Company/Firm/Trust, Directors/Partners/Trustees having regular/ independent income may join as co-applicant/s to supplement repayment capacity. In case of salaried class, applicant/co applicant shall be confirmed in the service.

Education Loan:
Student should be an Indian national. Should have passed previous qualifying examination. Should have secured at least 60% marks [ 55% for student belonging to SC/ST category ] in the previous qualifying examination. Should have secured admission to a higher education course in recognized institutions in India or Abroad through Entrance test / Merit based selection process/through Management quota after completion of HSC [10+2 or equivalent]

Mortgage Loan:
Individuals in the age group of 18 - 65 years owning residential /Commercial property / Industrial property, land and/or building and who are Income Tax Assessees. NRI, Partnership Firms, Companies , HUF and Trusts are also eligible. Maximum of two close relative/s may join as co applicant/s to supplement repayment capacity In case of Firms/Companies/Trusts/HUF, Partners/Directors/ Trustees/Co- Parceners with regular & independent income may join as Co- applicants to supplement repayment capacity. Loan against third party property [ i.e property owned by friend, non-relative etc..] is strictly NOT permitted. Net monthly income of Rs.20,000/- for salaried Individuals & Rs. 2,50,000/- per year for other than salaried class. Cash accruals/Depreciation also may be added to income, in case of borrowers other than salaried class.

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