NEWS & ADVICE : HOME LOANS
Corporation Bank’s festive season rebates on retail loans
By Joseph Samson
Sep 10, 2012
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The Karnataka based Corporation Bank is providing its customers rebates on various retail loans during the festive season. The bank has waived off processing fees on home loans, auto loans and trade loans.

As part of the festive season scheme, the bank is offering floating interest rate home loans till Rs. 50 lakh at 10.50 percent; home loans up to Rs. 1 crore at 10.75 percent interest; home loans of more than Rs. 1 crore at interest rate of 11 percent.

Vehicle loans are being offered at 11.25 percent interest rate for 5 year loans and at 11.75 percent interest rate for 7 year loans.

The loan scheme for medical professionals, Corp Doctor Plus, under which doctors can take loans for opening clinics, hospitals, pathology labs or for buying electro medical equipments, is being offered at 12.1 percent interest rate.

For the festive season, its Corp Vyapar Scheme, a loan scheme for retail or wholesale traders/ businessmen, will carry interest rates of 12.50 percent for loans up to Rs. 20 lakh and 13.5 percent for loans above this amount.

The bank is offering Corp Home Premium, a home loans scheme for NRIs, at interest rates of 10.50 percent for loans up to Rs. 50 lakh; at rates of 10.75 percent for loans up to Rs. 1 crore and at 11 percent for loans above this amount.


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