Corporation Business Loan Interest Rate Calculator - Jan 2017

Corporation Bank Business Loan Interest Rates

Last Updated 17th Jan 2017
Self Employed
Interest Rate 13.55% - 14.55%
Lowest EMI Rs. 2,304 per lakh
Tenure From 12 months to 60 months
Loan Amount Min Rs. 10,000 and Max Rs. 250,000
Processing Fee 1.5%, Min Rs. 500
Part Prepayment, Charges Nil prepayment charges
Early Foreclosure, Charges Nil prepayment charges
Apply Business Loan Online @13.50%*

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Corporation Bank Business Loan

Corporation Bank gives the facility of business loan to the people who need finance to expand their business. There are some benefits of taking business loan from Corporation Bank:
  • You can prepay part of your loan anytime after paying 1% prepayment charges
  • You can foreclose your entire Business loan anytime after paying the forclosure charges
  • Corporation Bank has over 2,426 branches in India where you can avail service

Business Loan Corporation

Business loan interest rates offered by Corporation Bank are fixed as well as floating
  • Fixed rates allow you to borrow loan at a fixed price which won’t change in the whole tenure in case of change in Corporation Bank benchmark rate and should be chosen only if you believe that the rates will not hike in future
  • In contrast to this are floating rates which changes with a single change in Corporation Bank benchmark rate in your loan tenure. You should go for floating rates if you can take the risk of hike in interest rates
Corporation Bank Business Loan Interest Rate depends upon
  • Loan amount: Business loan rate in Corporation Bank depends upon the loan amount you apply for. Higher the loan amount, lesser will be the interest rate
  • CIBIL Score: Corporation Bank offers business loan at higher interest rate if your CIBIL score is poor or vice versa
  • Monthly Revenue: Corporation Bank will avail you business loan at lower interest rate if you have higher monthly revenue
  • Time in Business: Corporation Bank offers business loan at lower rates if you are doing business since long time

Business Loan Charges

Foreclosure Charges- These charges are to be paid in case you want to repay your entire loan amount before the end of tenure period. Corporation Bank allows prepayment of business loan after paying 0 EMI’s with prepayment charges
Processing Fee- Corporation Bank asks for a processing fee of 1.5%, Min Rs. 500 of loan amount with applicable service tax

Corporation Business Loan EMI Calculator

Business Loan EMI is a fixed amount that you pay each month towards the repayment of your business loan till the end of tenure. Lowest EMI offered by Corporation Bank is 2,304 per lakh loan amount. Business loan EMI of Corporation Bank depends on factors like:
  • Interest Rate: Higher the interest rate, higher will be the EMI. For a 60 months business loan from Corporation Bank at interest rate of 13.55% per annum, EMI will be Rs. 2,304 per Rs. one lakh loan amount. At interest rate of 14.55% for the same loan, the EMI will be Rs. 2,355
  • Loan tenure: Longer the loan tenure, lesser your monthly EMI. At interest rate of 13.55% per annum, the EMI on Corporation Bank business loan would range from Rs. 8,958 to Rs. 2,304 for loan tenure ranging from 12 to 60 months
  • Amount Borrowed: Corporation Bank Loan EMI will be high if you apply for a high loan amount. For amount borrowed 10,000, the EMI at 13.55% for 60 months would be 230. Similarly for amount borrowed 250,000, the EMI at 13.55% for 60 months would be 5,759.

What are the benefits of calculating business loan EMI?

  • Business loan EMI calculator of Corporation Bank helps you to calculate your monthly EMI at different rate of interest
  • Corporation Bank EMI calculator helps you to know your capacity to repay the loan after maintaining your standard of living
  • You get a rough idea about your monthly EMI and can plan your monthly budget accordingly
Estimated EMI online by using EMI Calculator.

Corporation Business Loan Eligibility Calculator

Business loan eligibility criteria Corporation Bank

Eligibility of Business loan in Corporation Bank relies upon different factors but the most important factor is your ability to repay the loan. The main factors on which the eligibility of an applicant depends are
  • Profitability: Business loan eligibility significantly depends upon profitability status and future prospects of your business.
  • Business Stability: Future business prospects and its stability is important to improve your eligibility for business loan.
  • CIBIL Score: When checking eligibility for business loan, Corporation Bank will look at the complete CIBIL report. Corporation Bank will check your repayment history for all current and past loans and credit cards.
Popular Products:
  • Corp Professional

Business Loan Corporation documents required

  • Address proof of individual: Aadhar Card, Voter’s ID Card, Bank statement, registry copy, rent agreement , utility bills.
  • Identity proof of individual: Passport, Driving License, PAN Card, Aadhar Card, Voter’s ID Card
  • Business existence proof: PAN, sales tax/ excise/ VAT/ service tax registration, copy of partnership deed, trade license, certificate of practice, registration certificate issued by RBI, SEBI

Compare Corporation Business Loan

Corporation Business Loan in India

Corporation Bank Business Loan Customer Care Number, Email, Application Status, Branches

City Customer Care Number
Agra 1800-425-2407,
Ahmedabad 1800-425-2407,
Ambala 1800-425-2407,
Anand 1800-425-2407,
Aurangabad 1800-425-2407,
Bangalore 1800-425-2407,
Bhilai 1800-425-2407,
Bhilwara 1800-425-2407,
Bhiwadi 1800-425-2407,
Bhopal 1800-425-2407,
Bhubaneswar Cuttack 1800-425-2407,
Bikaner 1800-425-2407,
Chandigarh 1800-425-2407,
Chennai 1800-425-2407,
Cochin 1800-425-2407,
Coimbatore 1800-425-2407,
Dehradun 1800-425-2407,
Delhi 1800-425-2407,
Durg 1800-425-2407,
Faridabad 1800-425-2407,
Gandhinagar 1800-425-2407,
Ghaziabad 1800-425-2407,
Goa 1800-425-2407,
Greater Noida 1800-425-2407,
Gurgaon 1800-425-2407,
Guwahati 1800-425-2407,
Gwalior 1800-425-2407,
Hyderabad 1800-425-2407,
Indore 1800-425-2407,
Jabalpur 1800-425-2407,
Jaipur 1800-425-2407,
Jalandhar 1800-425-2407,
Jodhpur 1800-425-2407,
Kanpur 1800-425-2407,
Karnal 1800-425-2407,
Kolhapur 1800-425-2407,
Kolkata 1800-425-2407,
Kota 1800-425-2407,
Kozhikode 1800-425-2407,
Lucknow 1800-425-2407,
Ludhiana 1800-425-2407,
Madurai 1800-425-2407,
Meerut 1800-425-2407,
Mehsana 1800-425-2407,
Mohali Sas Nagar 1800-425-2407,
Mumbai 1800-425-2407,
Mussoorie 1800-425-2407,
Nagpur 1800-425-2407,
Nashik 1800-425-2407,
Noida 1800-425-2407,
Noida Extn. 1800-425-2407,
Panipat 1800-425-2407,
Patna 1800-425-2407,
Pondicherry 1800-425-2407,
Pune 1800-425-2407,
Raipur 1800-425-2407,
Rajkot 1800-425-2407,
Ranchi 1800-425-2407,
Rohtak 1800-425-2407,
Roorkee 1800-425-2407,
Salem 1800-425-2407,
Shimla 1800-425-2407,
Sonepat 1800-425-2407,
Surat 1800-425-2407,
Trichy 1800-425-2407,
Udaipur 1800-425-2407,
Vadodara 1800-425-2407,
Varanasi 1800-425-2407,
Vijaywada 1800-425-2407,
Vizag 1800-425-2407,
Corporation Business Loan News - Jan 2017
07th Dec 16 Corporation Bank bags Best MSME Bank award
Corporation Bank has received Best MSME Bank award 2016. The award was instituted by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) at SMEs Excellence Award 2016 held at New Delhi on 6th December, 2016. Banks in this category were evaluated on the basis of growth, technology, innovation, CSR activity, targets and quality in MSME sector.
10th Aug 16 Corporation Bank Q1 Net Profit down Rs. 168 cr
As per Q1 FY17 results, Corporation Bank has registered a drop of 82.41 per cent in net profit to Rs. 35.92 crore in the June quarter of FY17 from Rs. 204.26 crore in the corresponding period of previous fiscal. The gross and net NPAs as a percentage stood at 11.52 per cent and at 7.22 per cent, respectively, during the June quarter of FY17. The net interest income of Corporation Bank stood at Rs. 1031.16 crore in the June quarter of FY17 from Rs. 1080.72 crore in the same period of previous fiscal.
09th Feb 16 Corporation Bank launches two new term deposit schemes
Corporation Bank has launched two new term deposit schemes, namely super gain plus and power plus which offer higher rate of interest to depositors
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