Millennium Post

Corporation Bank organises Home Expo for property loans

Corporation Bank organised a Home Expo [Property Fair] on 15 and 16 September 2012 at the International Trade Expo Centre – Noida. The Home Expo was inaugurated by Ajai Kumar, chairman and managing director of the Bank in the presence of S M Swathi, circle general manager of the bank. G Guruharinadha Rao, deputy general manager and zonal head, Delhi North, A R K Prasad, deputy general manager and zonal head, Delhi South and employees of the Bank were present on the occasion.

The Homo Expo was organised specially for the benefit of the customers as a one-stop convenience for availing of home and other loans from the bank. For the ensuing festival season Corporation Bank has launched a Grand Festival Bonanza for various loans schemes of the bank from 1 September, 2012 for a limited period. The Bonanza is offered on Home Loans, Vehicle Loans, NRI Home Loans, Doctor Plus [Finance for Medical Professionals] and Vyapar Schemes [Loan for Trade & Business].

Corp Home [Housing Loan] are loans for construction of houses or flats or purchase of ready built houses, flats or take-over of housing loans from other banks or institutions. The floating rate of interest for all tenor and for an amount up to Rs. 50 lakhs is offered at 10.50 per cent per annum for an amount up to Rs. 1 crore is offered at 10.75 per cent and for an amount above Rs. 1 crore is offered at 11.00 per cent.  The processing charges are fully waived.

Corp Vehicle [Vehicle Loan] are loans for purchase of vehicles. The rate of interest for a period of five years is offered at 11.25 per cent and for a period of seven years is offered at 11.75 per cent.
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