Corporation Bank has introduced new home and vehicle loan schemes at 8.25 per cent interest rate. Known as ‘Corp Home Smart' for the home loan and ‘Corp Vehicle Smart' for vehicle loan, the schemes are valid from July 19 to December 31. Under ‘Corp Home Smart' scheme, for loans up to Rs 50 lakh, the rate of interest is 8.25 per cent for the first year and 8.75 per cent for the next two years. Under ‘Corp Vehicle Smart' scheme, the interest rate is 8.25 per cent for the first year.
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