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Wednesday, October 24, 2012

Corp Bank offers 0.75% concession on interest rate to women SME customers

Corporation Bank will offer 0.75 per cent concession on interest rates for women SME customer under its 'grand festival loan bonanza' campaign.

Quoting Ajai Kumar, Chairman and Managing Director of the bank, a press release said here that the ‘SME grand festival loan bonanza’ is specially launched for the benefit of the SMEs for the ongoing festival season.

Under this offer, the bank offers interest rate concession of 0.50 per cent on the applicable rate on all the SME credit schemes. Added to this, women entrepreneurs will get additional interest rate concession of 0.25 per cent.

The release said that there will be a 50 per cent concession on processing charges.

The festival bonanza is offered on 10 SME credit schemes. They are: Corp SME Tex Plus Scheme, Corp Term Plus Scheme, Corp SME Auto Plus Scheme, Corp SME Liquid Plus Scheme, Corp SME Gold Card Scheme, Corp SME Receivable Funding, Corp Commercial Vehicle Loan Scheme, Corp Collateral Free Loan Scheme, Corp SME Credit Card Receivable Funding, and Corp Laghu Udhyami Credit Card Scheme.

To encourage entrepreneurs, the bank offers various specialised and tailor-made credit schemes suiting their credit and business requirements, the release said.

The bank has launched exclusive SME loan centres in 14 cities across the country. Each SME centre is supported by a team of relationship managers and central credit processing mechanism, the release added.


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