Financial Daily from THE HINDU group of publications
Saturday, Jun 12, 2004
Financial Daily from THE HINDU group of publications Saturday, Jun 12, 2004 |
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Money & Banking
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Housing Finance Corporation Bank's campaign to sell home loan product Our Bureau
Mangalore , June 11 CORPORATION Bank will launch a week-long campaign from June 13 for marketing "Corp Flexi" loan product among the salaried class. A bank release said here on Friday that Corp Flexi is a variant of the housing loan. In this, repayment is linked to increase in earnings. The scheme provides for "step-up instalment facility" under Corp Home scheme. The floating interest rates of the scheme are: 7.5 per cent for up to five years, 8 per cent for up to 10 years, and 8.25 per cent for up to 25 years. The scheme is offered with two options, and the loan may be taken either for construction or purchase of a house or flat. Loan may also be taken for repair, renovation or extension of the existing house/flat.
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