Product Details
Corp Consumer Loan
Mangalore
A Quality Product from
Corporation Bank [View Profile]
Mangalore - India
Description :
Changing Lifestyles - Corp Consumer
Taking cognizance of the needs of your changing lifestyles, Corporation Bank has created a simple loan scheme to make your day to day living more comfortable. In today's age of competition, the choices are many. With CorpConsumer, you can instantly bring home the consumer durables of your choice - from TV, refrigerator, CD/DVD player, mobile phone and washing machines to Personal Computers and furniture. Avail CorpConsumer loan and enjoy a better life.
1. Eligibility : Individuals with minimum gross income of Rs. 50,000/- p.a.
Salaried persons should be confirmed in service.
2. Purpose : To finance purchase of consumer durables such as Refrigerator, Cooking range, Food Processor, Grinder, Television, Electronic Audio System, Washing Machine, ACs, Microwave oven, Lap Top/ PCs including accessories, Mobile Phone, Multi Media Kits, UPS, Digital Camera, Generators, Hand Video Camera and furniture.
3. Loan Amount : Maximum Rs.1 lakh.
4. Margin : Minimum 15 % of the invoice value
5. Rate of Interest: Floating rate of interest 13 % for loans upto 1 year
Floating rate of interest 13 % for loans above 1 year
0.25% interest concession for Corp Home borrowers.
6. Security : Hypothecation of the item(s) purchased from Bank's finance.
7. Guarantee : Suitable third party guarantee.
C-Home borrowers no guarantee but continuity letter of EMG.
8. Repayment : Maximum 36 months in EMIs [ Upto 60 months at Manager's discretion ].
EMI not to exceed 50% of Take Home Pay.
Post dated cheques for all cases except where there is an undertaking to route through salary/ instalments by employer.
9. Service Charges : Rs. 250/- irrespective of the loan amount.
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Corporation Bank deals in :
Services of Personal: Savings Bank, Corp 4 - in - 1 a/c (Current a/c), Current Account, Term Deposit, ATM Locator, Loans, Home Loan + Insurance, Home Loan FAQs, BMI Calculator, Loss of share certificates 14.03.05, EGM-Notice to share holders, EGM-Paper Publication, 8th AGM of shareholders, Notice, Loss of Share Certificates 07.06.05, Investor Services, Financials, Stock Performance, Share Holding, Directors' Report, Management Discussion, Corporate Governance. Corporate: Cash Management, Forex, Term Finance, Working Capital, Project Finance, Gold Card Scheme for Exporters, Corp Fast, Corp Rental, Corp Vyapar. NRI Services: Corp Xpress Money, Corp Quick Remit, Remittances, Deposits, NRI Loans, Portfolio Services, Taxation, Forex Facilities for Residents, Forex Facilities for NRIs/PIOs, FEMA, NRI Status, Frequently Asked Questions, Help Desk.
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