Updated on: Jan 13th, 2025
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9 min read
Corporation Bank and Andhra Bank have been merged under Corporation Bank. Visit the Union Bank of India Home Loan Interest Rates page for more details.
Corporation Bank, now merged with Union Bank of India, offers a suitable way to fulfill your dreams with various home loan schemes. In this article, we study all possible aspects related to Corporation Bank Home Loans.
Corporation Bank home loans provide financing of up to 90% of the property value. With attractive interest rates ranging from 8.35% p.a. to 12.65% p.a. and a loan tenure of up to 30 years, the bank ensures a flexible and accessible path to owning your own home.
In this article, all possible aspects related to Corporation Bank home loans are addressed.
Corporation Bank Home Loan Amount | Up to 90% of property value |
Corporation Bank Housing Loan Interest Rate | 8.35% p.a. To 12.65% p.a |
Loan Tenure | Up to 30 years |
Processing Fees | 0.50% of the loan amount |
CIBIL Score | Rate of Interest | |||
Salaried/Professional | Non - Salaried | |||
Male | Female | Male | Female | |
800 + | 8.35% p.a. | |||
750 - 799 | 8.50% p.a. | |||
700 - 749 | 9.15% p.a. | 9.10% p.a. | 9.25% p.a. | 9.20% p.a. |
650 - 699 | 9.45% p.a. | 9.40% p.a. | 9.50% p.a. | 9.45% p.a. |
600 - 649 | 10.25% p.a. | |||
Below 600 | 10.75% p.a. |
Loan Amount | Rate of Interest |
Up to INR 30 Lakh | 11.40% p.a. |
Above INR 30 Lakh to 50 Lakh | 12.40% p.a. |
Above INR 50 Lakh to INR 200 Lakh | 12.65% p.a. |
Loan Amount | CIBIL Score | Salaried/Professional | Non-Salaried | ||
Male | Female | Male | Female | ||
Upto 30 Lakhs | 750+ | 9.30% p.a. | |||
700 - 749 | 9.55% p.a. - 9.60% p.a. | 9.50% p.a. - 9.55% p.a. | 9.60% p.a. - 9.65% p.a. | 9.55% p.a. - 9.60% p.a. | |
650 - 699 | 9.65% p.a. - 9.70% p.a. | 9.60% p.a. - 9.65% p.a. | 9.70% p.a. - 9.75% p.a. | 9.65% p.a. - 9.70% p.a. | |
600 - 649 | 10.20% p.a. | ||||
Below 600 | 10.70% p.a. | ||||
Above 30 lakhs | 750 + | 9.30% p.a. | |||
700 - 749 | 9.65% p.a. - 9.70% p.a. | 9.60% p.a. - 9.65% p.a. | 9.70% p.a. - 9.75% p.a. | 9.65% p.a. - 9.70% p.a | |
650 - 699 | 9.75% p.a. - 9.80% p.a. | 9.70% p.a. - 9.75% p.a. | 9.80% p.a. - 9.85% p.a | 9.75% p.a. - 9.80% p.a. | |
600 - 649 | 10.35% p.a. | ||||
Below 600 | 10.90% p.a. |
Loan Amount | CIC Score | Rate of Interest |
Irrespective of Loan Amount | 750+ | 8.35% p.a. |
Union Home | Purchase new/old residential unit (house/flat/apartment/villa, etc.), construction of residential unit on existing non-agricultural plot, and purchase on a non-agricultural plot for construction of the residential unit. |
Union Top-Up | Borrow additional funds on an existing home loan that have paid 24 EMIs in the existing home loan account on time. A loan amount starting from Rs.50,000 subject to repayment capacity. |
Union Awas | A special home loan scheme to purchase/construct houses in semi-urban and rural areas. |
Union Smart Save | Option to pay an additional amount over and above the regular EMI with the facility to withdraw the excess amount when there is a need to such excess funds are available in the account. |
Pradhan Mantri Awas Yojana | Interest subsidy is provided on home loans to economically backward sections, low-income groups, and middle-income groups to ensure ‘housing for all’. |
Union Smart Save
Union Awas
Our Corporation Bank Home Loan EMI Calculator (Union Bank) can help you evaluate and plan your budget for a home loan.
Year | Interest Rate |
2024 | 8.35% p.a. - 12.65% p.a. |
2023 | 8.40% p.a. - 10.95% p.a. |
2022 | 7.5% p.a - 8.6% p.a. |
2021 | 6.4% p.a. - 7.40% p.a. |
2020 | 7.15% p.a. to 8.55% p.a. |
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