Corporation Bank
BANKING
Corporation Bank organizes Home & Vehicle Loan Expo at Mangalore
1] Corporation
Bank is organizing Home and Vehicle Loan Expo on 3rd & 4th
November 2012 at SDM Law College, MG Road, Mangalore. The Expo has been
arranged specially for the benefit of the customers / public as a one-stop
convenience for availing Home, Vehicle and other loans from the Bank. People
can visit the fair from 3.00 p.m to 8.00 p.m on Saturday [3.11.2012] and 10.00
a.m to 8.00 p.m. on Sunday [4.11.2012].
2] For the current
festival season, Corporation Bank has launched ‘Grand Festival Bonanza’ for various
Loan Schemes and SME Credit Schemes of the Bank for a limited period.
3] The
various offers under Grand Festival Bonanza are as follows:
a)
Corp Home (Housing Loan): Loans for
construction of house/flat or purchase of ready built house/flat or take-over
of housing loans from other Banks/institutions. Housing loans under Floating
Rate of interest are offered @ 10.50% p.a. for all tenors for loan amount upto
Rs. 50 lakh; @ 10.75% p.a. for amount upto Rs. 1 crore; and @ 11.00% for amount
above Rs. 1 crore. Processing charges
are fully waived.
b)
Corp Vehicle (Vehicle Loan): Loans for
purchase of vehicles. The rate of interest for a period of five years is 11.25%
p.a. and for a period of seven years it is 11.75%. Processing charges are fully
waived. The Bank also provides an exciting “Combo Offer”, wherein an additional
rebate of 0.25% p.a. is offered on the interest rate for vehicle loans, if both
Home Loan and Vehicle Loan are availed by the borrower during the period of the
bonanza.
c)
Corp Doctor Plus (Finance for Medical Professionals): Under the scheme, Doctors can obtain finance for setting up of
Clinics / Hospitals / Pathology Labs and purchase of Electro Medical
Equipments. Any registered medical practitioner, dentist, physiotherapist or
firm managed by Doctors can apply for the loan. The loan is offered at an
interest rate of 12.10% p.a. Further,
50% concession is offered in processing charges.
d)
Corp Vyapar (Loan for Trade & Business): Under the scheme, Traders/Businessmen engaged in buying and selling
of goods/commodities either on retail or wholesale business are eligible for
the loans, to meet their short-term working capital requirements. The rate of
interest charged for loan amount upto Rs. 20 lakh is 12.50% p.a. and that for
amount above Rs. 20 lakhs is 13.50% p.a. Further, 50% concession is offered in
processing charges.
e)
Corp Home Premium–NRI (Housing Loans for Non-Resident Indians): Housing Loans for NRIs made easy.
Offered with flexible guidelines, loan proposals under this scheme are
given “Green Channel” facility for priority sanction.
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