Karnataka Minister for Medium and large Industries Murugesh R. Nirani launched Corporation Bank's “Grand festival offer” on its deposits as well as loan products on Tuesday in Bangalore.

The bank's home and vehicle loans offer lower rates of interest from September 21 to December 31. While the Corp Home Smart offers a floating rate of 7.75 per cent in the first year for loans of up to Rs.30 lakh, the Corp Vehicle Smart scheme offers loans at 8 per cent. The scheme also offers a 50 per cent waiver on processing charges.

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