Corporation Bank has launched an SME festival loan bonanza on SME credit schemes of the bank from October 20, 2012, for a limited period. During this period, the bank will offer an interest rate concession of 50 basis points on the applicable rate on all the SME credit schemes. The bank is offering additional interest rate concession to women entrepreneurs and 50 basis points concession on processing charges.
The festival bonanza is offered on 10 SME credit schemes offered by the bank. To encourage entrepreneurs, bank has launched various specialised and tailor-made credit schemes like 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, among others.
In order to cater to the SME segment in a big way, the Bank has opened exclusive SME Loan Centres in 14 cities across the country. They are located at Delhi, Hyderabad, Bangalore, Chennai, Coimbatore, Pune, Mumbai, Vadodara, Kolkata, Mangalore, Ludhiana, Chandigarh, Ahmedabad and Kochi.
