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By Kaisar
Saturday, March 14, 2009 (06:40:32), EST

Corporate Bank Home Loans: Repayment Options

Corporation Bank home loans provide you financial assistance for upto Rs 100 lacs depending upon the area where property is lying. For buying housing properties in metro & port town cities, the maximum limit can go up to Rs 100 lacs while for urban centers it has an upper ceiling of Rs 50 lacs. For semi urban and rural centers, the maximum loan amount can be Rs 25 lacs. Corporation bank also offers loan for repair, renovation and extension, which can go up to 5 lacs.

The Repayment options under various home loan schemes of the bank are also kept flexible. A loan taken for repair, renovation or extension of a house must be repaid within 5 years, whereas loan taken for purchase or construction of a house can be repaid within a flexible time period from 15 years to 25 years.



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