Millennium Post

Corp Bank launches SME loan scheme

Corp Bank launches SME loan scheme
Corporation Bank has launched the SME Grand Festival Loan Bonanza on credit schemes of the bank for a limited period. It was inaugurated by chairman & managing director Ajai Kumar in Kochi in the presence of executive director Amar Lal Daultani.

The various offers included in the programme are interest rate concession of 0.5 per cent on the applicable rate on all SME credit schemes offered by the bank, additional interest rate concession of 0.25 per cent for women entrepreneurs and 50 per cent concession on processing charges.  The Festival Bonanza is offered on 10 SME Credit Schemes offered by the bank.

To encourage entrepreneurs, the bank is offering tailor-made credit schemes suiting their credit and business requirements.  In order to cater to the SME segment in a big way, the bank has launched exclusive SME loan centres in 14 cities across the country.

These are Delhi, Hyderabad, Bangalore, Chennai, Coimbatore, Pune, Mumbai, Vadodara, Kolkata, Mangalore, Ludhiana, Chandigarh, Ahmedabad and Kochi.

Each SME centre is supported by team of relationship managers and exclusive central credit processing mechanism. Along with the customer-centric approach, Corporation Bank aims for focused growth by adopting a targeted marketing approach that would help entrepreneurs convert their business blueprint into a reality not only at a competitive cost but in the shortest possible time.
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