CORPORATION BANK -MAHILA LOAN -FOR BUYING GOLD

Corp Mahila Gold - For buying Gold

This new scheme viz. "CORP MAHILA GOLD" is to finance working & non-working women for acquisition of gold bars / gold ornaments.

The Scheme details are as follows:

1. Loan Amount

Minimum Rs.10,000/- and Maximum Rs.2,50,000/- . In the case of salaried women, 12 times net take home pay, if salary is routed through the branch. If not routed, 6 times of net take home pay subject to the ceiling .

2. Eligibility

Resident Indian (Working/non-working women) of age group 18 to 58 years.

3. Rate of Interest ( with effect from 04.05.2009)

* Fully secured: 12.25 % p.a.
* Unsecured / partly secured: 13.00% p.a.

4. Margin

15% i.e. The bank will finance 85% of the cost of the gold / gold ornaments.

5. Repayment

In Equated Monthly Installments [EMIs] not exceeding 60 months.

Installment amount not to exceed 50% of the take home pay or the monthly assessed income.

6. Security

No security will be insisted for loans upto Rs.50000/-, for working women, where the salary is routed though our Bank or an undertaking letter is furnished from the employer to deduct and remit monthly EMI's to the Branch.

For non-working women: No security will be insisted for loans upto Rs.50,000/- if the loan is availed jointly with a co-obligant (who is husband/ brother/ father) drawing salary through our branch and gives an undertaking letter to deduct the monthly installments from his salary,

Loans beyond Rs.50,000/- to both working and non-working women of the above category shall be fully secured for the loan amount over and above Rs.50000/- by way of securities like NSCs/ LIC policies [surrender values]/ Govt. Bonds/ KVP's/ Term Deposit of our Bank in the name of applicant/ co-obligant.

In all other cases the loan shall be fully secured (i.e., 100% of the loan amount) by way of securities, like. NSCs/ LIC policies [ surrender values]/ Govt. Bonds/ KVP's/ Term Deposit of our Bank in the name of applicant/ co-obligant.

Note

If no tangible securities as mentioned above are available, EMG of land & building of the requisite value shall be obtained by maintaining 50 % margin .

7. Service Charges

1.00% of the loan amount.

8. Mode of Disbursement

Direct payment to the jeweller of choice of the applicant by DD /PO

CORPORATION BANK- COMPUTER LOAN

Corp Byte - Computer Loan

Corp Byte

1. Eligibility

Students (Indian Nationals) of Colleges/ University / Educational Institutions pursuing their professional courses in India, provided the Institution/College undertakes to recover the monthly loan instalments.

2. Purpose

To finance purchase of Personal Computers/Laptops / Notebooks / Palmtops / PDAs / Tablet PCs etc., including other peripheral accessories like pointers / printers / scanners / digital stylus / external AC converters / UPS etc., essential for pursuing studies.

3. Quantum of Finance

Maximum Loan Amount : Rs. 1 lakh (Rupees one lakh )

4. Margin

Nil

5. Security

Hypothecation of the assets financed

6. Rate of Interest

12.50% p.a.with effect from 04.05.2009

7. Processing charges

NIL

8. Repayment Holiday

NIL

9. Repayment

The loan to be repaid on monthly basis, beginning from the month subsequent to the month of loan release and scheduled in a manner that would coincide with the student’s residual period of study at the Educational Institution / College / University, so that the loan account stands closed when the student completes his/her studies at the Educational Institution/College/University.

CORPORATION BANK- IPO SCHEME

CORP IPO

1. Purpose

To provide finance to general public to subscribe to IPO/Public Issues /Rights /ESOP of reputed Corporate / Corporates approved by the Bank from time to time.

2. Eligibility :

Individuals (such as salaried persons, professionals, businessmen, pensioners etc.) either individually in their own names or jointly with others, with sufficient income to service the loan.

3. Nature of facility

Demand Loan

4. Loan amount

Minimum Rs.0.20 lakh and Maximum Rs.10.00 lakh

5. Margin

50% of the value of shares subscribed (issue price + price)

6. Rate of Interest

12.25% with effect from 04.05.2009

7. Penal Interest

@ 2% over and above the applicable interest rate on the overdue portion or at rates as prescribed from time to time.

8. Repayment Holiday

NIL

9. Repayment period

(a) In the event of refund of application money
The loan account has to be closed immediately.

(b) In the event of allotment of share
Total loan amount along with interest shall be repayable in maximum 36
Equated Monthly Installments [EMI]

10. Security

Pledge of shares allotted

11. Service charges

0.50% of the loan amount subject to a minimum of Rs.500/-

12. Guarantee

Suitable third party guarantee