Corporation Bank on Sunday organised a SME Loan Expo at the Padmavathi Ammal Cultural Centre. A release from the Bank said that it offered 0.50 per cent interest rebate for all SME credit schemes, an additional 0.25 per cent rebate on interest rates for women entrepreneurs and a 50 per cent rebate on processing charges under the ‘SME monsoon bumper offer’.
At the Loan Expo, entrepreneurs, hi-tech equipment manufacturers and manufacturing units showcased their wares.
At the Expo, the Bank offered immediate SME loan for commencing new business, expanding existing business, purchasing commercial vehicles and much more, the release said quoting K. Nagaraja Shetty, Zonal Head and Deputy General Manager, Corporation Bank.
The Bank had 10 SME credit products to suit all business needs: Corp SME Tex Plus Scheme, Corp SME Auto Plus Scheme, Corp SME Gold Card Scheme, Corp Commercial Vehicle Loan Scheme Corp SME Credit Card Receivable Funding, Corp Term Plus Scheme, Corp SME Liquid Plus Scheme, Corp SME Receivable Funding, Corp Collateral Free Loan Scheme and Corp Laghu Udhyami Credit Card Scheme.