  Shop By Category Personal Loan Calculators, Apply Online & more Home Loan SBI , HDFC Bank Rates & more Gold Loan Apply Online , Muthoot , HDFC & more Loan Against Property Delhi ,Gurgaon , Noida & more Knowledge Bank Apply Home Loan @8.50%* Get upto Rs. 5,000/- Cashback* My EMI Calculator Home Loan Corporation Bank Home Loan EMI Calculator for SBI, HDFC, Axis, ICICI, PNB, LIC, Indiabulls, Citibank  Compare Rates  Calculate EMI  Apply Online  FAQs On Loans Your EMI Will Be : Rs.11,605  Save Thousands of Rupees On Your favorite Personal Loan home Home Loan business LAP work Business Loan account_balance Taxes directions_car Car Loan Apply Home Loan @ 8.50% Online Now RE-CALCULATE CHECK YOUR ELIGIBILITY Corporation Bank Home Loan EMI Last Updated on 24th Mar 2017 Lowest EMI on Corporation Bank Home Loan is 794 per lakh. Compare Home Loan Compare Home Loan EMI of Corporation Bank at 8.85% for different Home Loan amount and Home Loan tenures Corporation Bank Housing Loan EMI Calculator – EMI Chart Corporation Bank Lowest EMI at 8.85% Loan Amount 15 Years 20 Years 25 Years 30 Years Rs. 2,500,000 Rs. 25,134 Rs. 22,253 Rs. 20,724 Rs. 19,846 Rs. 3,000,000 Rs. 30,161 Rs. 26,703 Rs. 24,868 Rs. 23,816 Rs. 4,000,000 Rs. 40,215 Rs. 35,604 Rs. 33,158 Rs. 31,754 Rs. 5,000,000 Rs. 50,268 Rs. 44,505 Rs. 41,447 Rs. 39,693 Rs. 6,000,000 Rs. 60,322 Rs. 53,406 Rs. 49,737 Rs. 47,631 Rs. 7,500,000 Rs. 75,402 Rs. 66,758 Rs. 62,171 Rs. 59,539 Rs. 9,000,000 Rs. 90,483 Rs. 80,109 Rs. 74,605 Rs. 71,447 Rs. 10,000,000 Rs. 100,536 Rs. 89,010 Rs. 82,895 Rs. 79,385 Rs. 12,500,000 Rs. 125,670 Rs. 111,263 Rs. 103,619 Rs. 99,232 Rs. 15,000,000 Rs. 150,804 Rs. 133,515 Rs. 124,342 Rs. 119,078 Rs. 20,000,000 Rs. 201,073 Rs. 178,020 Rs. 165,790 Rs. 158,771 Home Loan EMI is a fixed amount that you pay to Corporation Bank towards repayment of loan taken. The EMI is paid every month on a fixed day till your Home Loan is fully paid off. Lowest EMI that you pay to Corporation Bank on per lakh amount is Rs. 794 Corporation Bank Home Loan EMI consists of principal payment and interest payment. In the beginning years, the interest part on loan is more than the principal part. In the whole repayment period, EMI remains constant but the interest component on loan keeps decreasing while principal component keeps increasing apart from change in interest rate on Home Loan In case of change in Corporation Bank floating interest rates which is currently at 8.85%, you have two options: To keep the EMI constant and change the loan tenure Reduce the EMI and keeps the loan tenure same In case you make pre payment of Corporation Bank Home Loan, then also you get the same option either to keep the EMI same and reduce the loan tenure or to reduce the EMI and keeps the tenure same. Corporation Bank EMI Calculator Formula Corporation Bank Home Loan EMI depends upon loan amount, interest rate and loan tenure. Loan Amount: Corporation Bank Home Loan amount ranges from Rs. 1,500,000 to Rs. 50,000,000. High loan amount leads to high amount of EMI Rate of Interest: Corporation Bank gives Home Loan at an interest of 8.85% to 9.10%. Lower the rate of interest, lower will be your Home Loan EMI Loan Tenure: Tenure of Home Loan depends upon the borrower’s current age and his retirement age. Corporation Bank offers Home Loan for a minimum tenure of years up to 30 years. Higher the loan tenure, lesser will be the EMI EMI Calculator Corporation Bank calculates EMI using below formula:  Where, P = principal loan amount r = rate of interest per month [i.e. r = Rate of Annual Interest/ (12*100)] n = loan tenure in months Suppose, Corporation Bank gives you Home Loan of Rs. 5,00,000 at 8.85% for 360 months. For this, r = 8.85/12*100 = 0.00738 Then the monthly Home Loan EMI of Corporation Bank is 5,00,000 *0.00738* (1+0.00738)^360/([(1+0.00738)^]-1) EMI = Rs. 3,969 Corporation Bank Home Loan Eligibility Criteria When you apply for Home Loan in Corporation Bank, there are some eligibility factors on which basis Corporation Bank approves your Home Loan Age of the borrower: Age to apply for Home Loan from Corporation Bank is to years for salaried, to years for self employed professionals and to years for business person Income of the applicant: Income helps in determining your capacity to repay the loan. Corporation Bank gives Home Loan to only those whose minimum net take home salary is Rs. 0. In case your individual Home Loan eligibility as calculated by the Home Loan eligibility calculator is less than the loan you need, you can add the income of earning family members Loan Amount: Applicants can apply for Home Loan in Corporation Bank with a minimum loan amount of Rs. 1,500,000 and up to a maximum amount of Rs. 50,000,000 Loan Tenure: The longer tenure you opt for, the more is your Home Loan eligibility. Corporation Bank gives you Home Loan for tenure of to 360 months Corporation Bank Home Loan EMI FAQs Why to take Home Loan from Corporation Bank? Corporation Bank offers Home Loan at lower rate of interest i.e. at 8.85% with the lowest EMI of Rs. 794 per lakh which is lesser than many other banks. In case the EMI you are paying is more than this then you can opt for balance transfer and relocate your Home Loan to Corporation Bank. Are there any processing charges on Corporation Bank Home Loan? Corporation Bank asks for a processing fee of 0.50% with applicable service tax. Are there any prepayment charges on Corporation Bank Home Loan? Corporation Bank offers Nil prepayment charges on Home Loan. How much LTV do Corporation Bank fund on total cost of home? Corporation Bank lend less than the total cost of the house. Corporation Bank gives maximum 80% for Home Loan depending upon loan amount.  Home Loan in India  Personal Loan in India  Gold Loan in India  Contact Us Copyright 2017 All Rights Reserved keyboard_arrow_up