Corporation Bank has launched SME loan festival bonanza scheme whereby it will be offering interest rate concession on various SME credit schemes. Also in order to encourage entrepreneurs, the bank is offering various specialized and tailor made credit schemes suiting their credit and business requirements.
Under SME loan festival bonanza scheme, the bank will offer interest rate concession of 0.50% on the applicable rate on all SME credit scheme offered by it. Besides, additional interest rate concession of 0.25% for women beneficiaries and 50% concession on processing charges will be offered.
Further, for increasing credit to this sector the bank has drawn up appropriate strategies and in order to cater to the specific requirements of the SME sector it has offered specialized loan schemes at attractive interest rates. Moreover, each SME sector is ably supported by dedicated team of Relationship Managers and exclusive Central Credit Processing Mechanism.
