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Corporation Bank Personal Loan

Corporation Bank personal loan also known as Corp Personal Scheme is offered to individuals so that they can meet various personal financial needs including expenses for a wedding, higher education, medical expenses, home renovation, vacation, etc. All salaried and self- employed individuals/professionals as well as pensioners who meet the eligibility criteria of the bank can apply for this loan and avail up to Rs. 3.50 lakh for a period of up to 5 years.
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HDFC Bank
10 Second Disbursal*100% Digital Process*Quick Disbursal
Max Loan Amt.Upto 25L
Rate of Interest9.99% - 12.5%
Tenure upto1-5 Years
Processing Fee6,500
ICICI Bank
100% Digital Process*Quick Disbursal
Max Loan Amt.Upto 25L
Rate of Interest11% - 13%
Tenure upto1-5 Years
Processing FeeUpto 2%
Axis Bank
Low Processing fee
Max Loan Amt.Upto 25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
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How Can I Apply for a Personal Loan Online?

Get up to 40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Apply Now

Features of Corporation Bank Personal Loan

Please Note: Corporation Bank is not a Paisabazaar partner. Offers would be from partner Banks/NBFCs only.

Note: As of 1st April, 2020, Corporation Bank has been merged with Union Bank of India and no longer operates as a separate entity. Please check the Union Bank of India personal loan page for updated information.
  • Loan amount: Starting from as low as Rs.10,000 the quantum of the Corp Personal Scheme Corporation Bank can go up to Rs. 3.50 lakh.
  • Flexible repayment: You can repay your Corporation Bank personal loan within a period of 60 months. You can the option of choosing the desired tenure as per your repayment ability.
  • Online Application process: The personal loan can be applied online from the comfort of your home or office. This way, you can save the time and effort of visiting the bank’s branch in-person to apply for a personal loan.
  • Minimum documentation: Applying for Corporation Bank Personal Loan requires minimum documents for hassle free and quick processing of your loan application.

Corporation Bank Personal Loan Interest Rates

Type of Personal Loan Type of Applicant Interest Rate
Corp Personal a)      Where both, the salary is routed & undertaking letter is available

b)     Pensioners drawing pension through the branch

c)      When CIBIL score is more than 700

10.75% onwards
a)      Where both, the salary is routed & undertaking letter is available

b)     Pensioners drawing pension through the branch

c)      When CIBIL score is less than 700

11.25% onwards
For Others 12.25% onwards
Corp Shubha Vivah For individuals including NRI/PIO in the age group of 21-65 years 12.25% onwards

Eligibility Criteria

Corporation Bank offers personal loan schemes in a very simple and hassle-free way. Mentioned below are the key eligibility criteria to avail a personal loan from Corporation Bank:

  • You should be a permanent employee of Central / State Government offices, Public Limited Companies, profit-making Public Sector Undertakings, colleges, schools, research institutions, universities, pensioners drawing pension through the bank and individuals with income other than salary/pension.
  • You should be a permanent employee of reputed private companies/firms.
  • Your salary should be routed through Corporation Bank.
  • If you are not a part of the salaried class, you should be having regular dealings with the bank.

Additional Corporation Bank personal loan eligibility criteria for Corp Shubha Vivah applicants are:

  • Close relative/s may be co applicant to supplement repayment capacity.
  • Maximum of two co-applicants on a single loan application may be considered for arriving at repayment capacity.

Types of Corporation Bank Personal Loan

Type of Personal Loan Interest Rate
Corp Personal 10.75% onwards
Corp Shubha Vivah 12.25% onwards

Corp Personal: This type of personal loan offered by Corporation Bank can be availed to meet genuine personal expenses. Under this loan scheme, applicants can avail minimum loan amount of Rs.10,000 and maximum loan amount of up to Rs.3.50 lakh. Applicants are required to provide suitable co-applicant/third party guarantee as security to corporation bank to avail personal loan.

Corp Shubha Vivah: To meet the expenses related to marriage, Corp Shubha Vivah comes with various benefits for the applicants. With this scheme, applicants can avail loan which is permitted for the marriage of self, son, daughter and siblings only. Under this loan scheme, applicants can avail minimum loan amount of up to Rs.1 lakh and maximum of up to Rs.10 lakh.

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Documents Required for Loan Application

Mentioned below are the lists of documents required for loan application:

  • Address Proof & Age Proof of applicant (any one document): Aadhar, Voter Identification Card, PAN card, Passport, Ration Card or Driving License, etc.
  • Address & age proof of Co-applicant and guarantor (any one document): Voter Identification Card, PAN card, Passport, Ration Card or Driving License, etc.
  • 2 recent Passport size photographs (of both applicant and guarantor)
  • Last 6 months’ bank Account Statement from the existing salary account
  • Last 3 months’ Salary slip/Certificate duly attested with all details of deductions for outstanding loans, if any.

Fees and other Charges

The following are the key fees and charges apart from interest charges related to Corporation Bank Personal Loan:

Processing Fees Corp Personal- 1.50% of the loan amount subject to a minimum of Rs.500

Corp Shubha Vivah- 1% of the loan amount subject to maximum of Rs.5,000

Prepayment Charges Corp Personal- NIL

Corp Shubha Vivah- NIL

Penal Interest Rate 2% per month on outstanding principal calculated from payment due date

Corporation Bank Customer Care

Customers can contact the company’s customer care via any of the following means:

  • By Phone: You can call Corporation Bank on 0824-286-1447(chargeable)
  • Branch Visit: You can visit the nearby Corporation Bank branch to get your queries answered
  • Email: You can send an email on horls@corpbank.co.in detailing your query/grievance

How Can I Apply for a Personal Loan Online?

Get up to 40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Apply Now

Avail Personal Loan for
All Your Needs

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Avail Personal Loan for
All Your Needs

FAQs

No, there would be no prepayment charges.

Corporation Bank allows re-application for a personal loan as long as 6 months or a longer period has passed since your previous application was rejected.

No. As a pensioner you are eligible to avail a personal loan from the bank only if you are drawing your pension from Corporation Bank.

Yes, you can avail a personal loan from Corporation Bank only if you are having regular dealings with the bank.

Applicants can avail personal loan for a minimum amount of Rs.10000 and maximum up to Rs.3.50 lakh.

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What our customers say

Smooth & hassle-free loan approval experience

I want to express my gratitude for your exceptional support & guidance throughout my loan application process to Aman (EW17239). Your professionalism & clear communication made the journey smooth and manageable. I appreciate how you helped during loan approval & fast-tracked the documentation. It is rare to find someone so committed to their clients. I truly value the effort you put into ensuring a successful outcome. Thanks again for your invaluable help.

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Sanjay Kumar GuptaMar 30, 2026

Exceptional guidance throughout the process

I’d like to express my sincere appreciation for Mr. Aman Kumar (EW32023) for the excellent assistance provided. His professionalism & willingness to help made the experience smooth & pleasant. Aman Kumar demonstrated patience & clarity while addressing queries and ensured that everything was handled efficiently. Such dedication & customer-focused service truly deserve recognition. Please convey my thanks and appreciation to him for his outstanding support.

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Jyotirmoy SinghaMar 23, 2026

Very helpful and easy to reach

I really wants to appreciate Mohankumar Dhandapani for closing my loan requirement in such a short time and nice manner. He is very much approachable helped me based on my requirements. He explained me all the options in very short time even one option failed immediately helped me to get other options worked. Excellent job done by Mohankumar Dhandapani all the best keep you same way approachable you will get more customers. Thanks to Paisabazar too.

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Kirubagaran GanesanFeb 24, 2026

Reliable help when i needed it most

I am writing this email to express my sincere thanks for your excellent support and guidance on Paisabazaar. My experience was very smooth and satisfying because of your help. You explained everything clearly and made the whole process easy and comfortable for me. I truly appreciate your professionalism, patience, and quick response. I am very happy with the service and would definitely recommend to others because of the great support I received from you. Thank you once again

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DharmeshFeb 22, 2026

Committed support that made everything easy

I’d like to appreciate the Paisabazar team for the excellent loan service. I especially want to recognize one of your agents, Mr. Prince Kumar, for his outstanding support. For more than a month, he continuously followed up with me and assisted me. His commitment & professionalism made the experience smooth & hassle-free. I appreciate his efforts and dedication. Kindly acknowledge his performance and consider rewarding such a sincere employee.

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BhupendraFeb 18, 2026

My Trust in Paisabazaar has Increased

I would like to take a moment to share my sincere feedback regarding the support I received from your team. The executive who assisted me was extremely professional, polite, and knowledgeable. They patiently understood my concern, explained the process clearly, and guided me step by step toward the right solution. I truly appreciate the transparency, timely responses, and genuine effort shown to help me.

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Lalit MaviFeb 12, 2026

Best Place for Taking Loans

I contacted customer care with a few queries, and I am very satisfied with the support I received. The representative was polite, patient, and explained everything clearly. My questions were resolved properly, and the overall experience was smooth and helpful. Thank you for the excellent customer service

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Kokil BarnwalFeb 12, 2026

Easy loan approval with good guidance

Thank you for the support provided for getting personal loan approval. During this process I worked with Mr. Aman Bajpai (EW17239) who was co-ordinator for this entire process of Personal loan, I was incredibly impressed by his efficiency and problem-solving skills. He went out of their way to ensure all my questions were answered and that the disbursement timeline stayed on track. His coordination was really appreciable.

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Riyaj AtarFeb 9, 2026

Apne higher education ke liye loan liya tha

Muhje higher education ke liye loan chahiye tha. Paisabazaar pe apply kiya. Got it at the right time. Quite helpful.

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Puja DanuJan 22, 2026

Sabse jada helpful log the yaha

Maine bht jagah try kiya tha personal loan ka, yaha try kiya toh helpful log mille. Har steps mai aram se samjhaya or usse muhje loan lene mai jda dikkat nhi aayi.

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Anuradha GuptaJan 21, 2026
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