Corporation Bank Personal Loan

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Why us?

Rates as low as 10.50%*
Loans Up to 30 Lacs
Same Day Disbursal
Doorstep Service
Unbiased Experts Advice

About Corporation Bank Personal Loan

Are you struggling to get a secured loan? Do you need money, urgently? Is life not what you imagined it to be? Did you want to go for a vacation, but clouds of financial needs lingering above your life stopped you? When you put aside your life plans to deal with your current financial crisis, not only, you put your future in danger, but the present is undecided too. Do not take sudden decisions that will make you regret later in life, instead opt for a Corporation Bank Personal Loan to minimize the damage. Apply for Corporation Bank Personal Loan today on our website, Dialabank, to avail the best services of Corporation Bank.

What is Corporation Bank Personal Loan?

A personal loan is an unsecured loan in which you can avail the loan amount without collateral, which means you are not needed to keep any of your assets as security to the Corporation Bank. The process of this financial product is straightforward and hassle-free. The bank provides you with reasonable and manageable interest rates on Corporation Bank Personal Loan.

Why Should You Choose Corporation Bank Personal Loan through Dialabank?

Firstly, our website provides you with a decent deal according to your profile and requirements.

Moreover, we provide you with exclusive one-on-one consultancy through our expert relationship managers.

Furthermore, we will suggest you the deals and offers which are available in your specific region.

In addition to this, you can avail maximum funding and lowest interest rates with Corporation Bank.

What Are The Benefits of Corporation Bank Personal Loan?

Primarily, personal loans are immediately available on fixed rates of interest, which means the EMI (Equated Monthly Installment) will remain fixed for the entire loan tenure.

 Secondarily, you can get Corporation Bank Personal Loan in just a few snaps, all you have to do is apply online on Dialabank and wait for our expert relationship manager to contact you in less than 30 minutes.

Besides, if you have an excellent CIBIL score, the bank will provide you with the required amount just within 48-72 hours.

Moreover, you have the benefit to choose the tenure that serves you the best. Longer tenure has lower EMIs of the loan amount, whereas shorter tenure has higher EMIs. You can decide the tenure after calculating the EMI.

Most importantly, personal loans are that one can use it for almost any purpose in life. In brief, there is no limit on the usage of Corporation Bank Personal Loan. In case of an urgent requirement of money, personal loans are the easiest way to help you in crisis.

Documentation for Corporation Bank Personal Loan

List of documents for Salaried:

First and foremost, you should provide one proof of Identity. It can be a Voter ID Card/ Driving License / Passport/ PAN Card.

Next, to apply for a personal loan, you should attach a residence proof along with your loan application. It can be a Lease and Rent Agreement / Utility Bill (not more than 3 months old) / Passport.

Likewise, you are required to attach the latest 3 months bank statement with the application form (salary/income account is credited).

Additionally, you must provide us with your salary slips for the last 3 months.

Finally, you should attach two passport size photographs.

List of documents for Self-Employed:

First of all, to avail the service of Corporation Bank Personal Loan, you must provide us with the KYC Documents (Proof of Identity/Address proof/ DOB proof)

Secondarily, you should submit a proof of residence. It can be a Rent or Lease Agreement/ Utility Bills/ Passport.

Moreover, a document which supports that you paid an ITR of Rs. 2.50 Lakhs for the last 3 years.

Besides, a bank statement of the past 6 months is required.

Furthermore, you should fasten two passport size photographs.

In addition to this, you must submit your office address proof.

At last, you should affix evidence of office ownership.

Eligibility Criteria for Corporation Bank Personal Loan

Corporation Bank Personal Loan


Firstly, you should be a citizen or a permanent resident of India.

Secondly, the minimum eligible age is 21 years, and the maximum is 65 years.

Thirdly, the work experience to avail a personal loan is 6 month in current company and 3 years overall.

Fourthly, the minimum income should be Rs. 18, 000/- per month.

Finally, residence should either be owned or rented, or the company should provide it.

To know more, visit Personal Loan for Salaried.


Firstly, you should be an Indian Citizen or a permanent resident.

Secondly, the minimum age required is 25 years and a maximum of 65 years.

Thirdly, a minimum of 3 years of work experience in the same business is needed.

Fourthly, you file an Income Tax Return (ITR) of Rs. 2.50 lakhs per annum from past 3 years.

Fifthly, your residence/office either should be owned or rented.

Lastly, one out of the residence or the office should be self-owned.

Partnership firms, Private Ltd., companies, and deemed Limited companies are also eligible.

To know more, visit Personal Loan for Self Employed.

Corporation Bank Personal Loan Interest Rates

Rate of Interest of a personal loan from Corporation Bank various due to many factors such as your income, credit history, CIBIL score, and a lot more. However, the minimum interest rate is 11% per annum, which is less than 1% per month.

Also, the processing fee is between 0-2% of the total loan amount.

To know more, click Interest rates Personal loan.

About Corporation Bank

Corporation Bank came into existence as Canara Banking Corporation Limited, on 12th March 1906, in the temple town of Udupi, by the pioneering efforts of a society of visionaries. The bank started working with just Rs.5000/- as its resources, and at the end of the first day, the resources reached 38 Rupees.

The bank took on the preferences of nationalisation in full stride and emerged triumphant in fulfilling the national objectives while sustaining its performance-oriented culture and profit expanding the record. The bank launched into the 1990s with a focus on high-quality growth by adopting newer technology.

Currently, the bank has a network of 2501 fully automated CBS branches and 4724 Branchless Banking Units across the country. The bank has Offices at Dubai and Hong Kong.

The bank has stretched Branchless Banking units to 4724 villages and has issued Smart Cards to all account holders in these villages for enabling them to operate their accounts at their doorsteps through the Business Correspondents appointed by the bank.

From 38 Rupees to a business capital of Rs.3,29,300 crore and from a Networth of Rs.5,000/- to Rs.11,737 crore. The development of the bank from a Nidhi to graduate as a Public Sector Bank and from the early days of Swadeshism to post-Liberalisation days has been a corporate success story.

How to Apply for Corporation Bank Personal Loan?

In 4 simple steps, you can apply for a personal loan in Corporation Bank through our trusted website:

First of all, you have to fill a web form which will demand your necessary personal information given on Dialabank.

Secondarily, our relationship managers will contact you within 30 minutes.

Moreover, if you meet the acceptability criteria, then we will recommend you the best personal loan according to your profile.

Finally, after submitting the documents in the bank, you will get the loan amount within 48-72 hours.


What is the minimum income for a salaried to get a personal loan?

To get a personal loan, your minimum salary should be Rs. 18,000 per month.

How is an EMI of personal loan measured?

EMI Formula calculates the monthly instalment you have to pay in the loan tenure.

E = P*R (1+r) n/ ((1+r) n-1))


E = Equated Minimum Installment (EMI)

P = Principal Loan Amount

R = The Rate of Interest per month.

Which bank provides the most affordable personal loan interest rates?

The Rate of Interest depends on various factors such as your income, credit history and many other factors, but the minimum interest rate in Corporation Bank for a personal loan starts at 11%.

What is the tenure of Personal Loan in Corporation Bank?

The tenure of Corporation Bank Personal Loan is from one year to five years.

How much personal loan amount I can borrow from Corporation Bank?

You can avail to a maximum loan amount of Rupees 3.5 lakhs. It varies according to your credit history and means of earning.

How much do Corporation Bank charges as the processing fee of a personal loan?

The processing fee charged by Corporation Bank is 1.50% of the total loan amount.

Is age an eligibility factor in availing a personal loan from Corporation Bank?

Yes, a minimum and maximum age criteria are set for applying for a Personal Loan. The minimum eligible age must be 21 years, and the maximum acceptable age is 65 years.

How to use the loan calculator?

Visit EMI Calculator and enter the loan amount, tenure and interest rate associated with your personal loan. Your EMI will be calculated automatically.

How much is CIBIL score needed for a Personal Loan?

Generally, the CIBIL score or a credit score of more than 700 is considered a good score. At large, credit score varies from 300 to 900; in this range, 300 is the lowest score you can get while 900 is the highest.

How to check the status of a Corporation Bank Personal Loan?

Now, you can keep track of your application and stay updated with the status of your loan with more ease, by the options delivered by Corporation Bank. With a wide range of opportunities, Corporation Bank assists you to check on the status of your loan on the website itself.

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