Corporation bank launches grand festival bonanza

Corporation Bank has launched the Grand Festival Bonanza – an exciting festival offer for the first time from Corporation Bank.

The grand festival bonanza will include various loans schemes of the Bank from 1 September, 2012 for a limited period. The bonanza is offered for Home Loans, Vehicle Loans, NRI Home Loans, Doctor Plus (Finance for Medical Professionals) and Vyapar Schemes (Loan for Trade & Business).

The festival was launched by Ajai Kumar, chairman and managing director of the bank at a conference organized by the bank in Mangalore on 29 August 2012 in the presence of Ashwani Kumar and Amar Lal Daultani, executive directors of the bank. K Ramamurthy, general manager, executives and employees of the bank were present on the occasion.

The grand festival bonanza is specially launched for the benefit of the customers for the forthcoming festival season. The various offers under Grand Festival Bonanza Corp Home (Housing Loan) - Loans for construction of houseor flat or purchase of ready built house or flat or take-over of housing loans from other banks and institutions. The floating rate of interest for all tenor and for amount upto Rs. 50 lakhs is offered at 10.50% per annum, for amount upto Rs. 1 crore is offered at 10.75% and for amount above Rs. 1 crore is offered at 11.00%.  The processing charges are fully waived.

There are other offers on other loan schemes.