Corporation Bank OD Account

I am customer of Corporation Bank and looking for the details about Overdraft (OD Account limit for Corp Vyapar- Loan for Trade & Business. Will you provide me all details related to this Corporation Bank OD Account also provide me address and contact details of this bank?

[Shaleen]

Corporation Bank is a public sector banking company headquartered in Mangalore, India.

The bank has pan-India presence with 8,000 functional units comprising 3200 branches, 3200+ ATMs and 4,000 branchless.

Overdraft (OD Account limit for Corp Vyapar- Loan for Trade & Business:

Eligibility
Traders engaged mainly in buying and selling of goods/ commodities either on retail or wholesale basis.

Units engaged in manufacturing & processing / SSI units/ Commission agents/ Contractors are also eligible for loan provided stock is available /held by them for hypothecation.

Applicant must have either sales tax-registration OR trade/business licence/permit issued by any Statutory Authority/Recognized body.

Purpose

To meet short term working capital facilities.

3.Nature of facility

Demand loan repayable in maximum of 7 years, subject to annual review.

OR

Running account repayable on demand in the form of secured over draft, subject to annual review/renewal.

Quantum of loan

Minimum loan Rs. 2.00 lakh & Maximum Rs. 200 lakh.

Rural :Rs. 25 lakh
Semi Urban : Rs. 50 lakh
Urban : Rs. 100 lakh
Metro & Port Town : Rs.200 lakh

Contact:

Corporation Bank
Corporate Office
Mangaladevi Temple Road
Pandeshwar
MANGALORE - 575 001
Karnataka, India

Tele: 91-824-2861888
Fax: 91-824-2440964