Corporation Bank Home Loan Account Type

Could you please give here detail about the Home Loan scheme of Corporation Bank?

[Kiran Chandar]

As you want I am here telling you about the Home Loan scheme of Corporation Bank.

Home Loan scheme of Corporation Bank
Purpose for loan:
For construction of house/flat.

For purchase of ready built house/flat/flat under construction.

For Purchase of site and construction of house subject to certain terms and conditions.

Eligibility :
Resident individual either singly or jointly /NRI/PIO.

Age :18 to 65 years

Having independent and regular source of income.

Loan amount :

Loan upto Rs.500 lakhs based on centres.

Margin:

10% to 25% based on loan amount

Repayment:
Loan is repayable in maximum of 30 years including moratorium of max- 18 months.

Repayment period shall not exceed retirement age for salaried class .

70 years of age for other than salaried class.