Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
    Close

    Compare, check your eligibility and apply for credit cards online.

    Corporation Bank SME Credit Card Receivable Funding is Rated as "Excellent!" by 12 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Credit Card BYTES FROM OUR KITCHEN

    Corporation SME Credit Card Receivable Funding Scheme Overview:

    Corporation Bank offers the Corporation SME Credit Card Receivable Funding Scheme to all SME including those that provide hospitality services such as restaurants, lodges, health care businesses, Retailers, Clubs, etc. The credit assistance extended by the Bank under this scheme will provide financial assistance to these well-operated SMEs against credit card receivables.

    Features and Benefits of the Corporation SME Credit Card Receivable Funding Scheme:

    Loan Amount:

    The maximum loan amount offered to SMEs eligible under this scheme is 75% of the credit card receivables with a maximum limit of Rs. 25, 00,000.

    Loan Margin:

    The loan margin applicable under this scheme is 25% of the credit card receivables. Rated SME borrowers can get additional interest rebates.

    Interest Rate:

    The applicable rate of interest is 0.25% lesser than the applicable credit card interest rate. For more details kindly get in touch with any branch of Corporate Bank.

    Validity:

    The validity period is one year. This is renewable based on annual review conducted by the Bank.

    Eligibility Criteria for Corporation SME Credit Card Receivable Funding Scheme:

    All SME units can avail the benefits offered under the Corporation SME Credit Card Receivable Funding Scheme. This also includes hospitality services such as restaurants, lodges, health care businesses, Retailers, Clubs, etc.

    Other Agricultural Banking Products offered by Corporation Bank:

    • Corp Kisan Vehicle Loan Yojana [CKVLY]
    • Corp Kisan Farm Mechanization Scheme
    • Corp Kisan Credit Card Scheme
    • Corp Kisan Loan Scheme
    • Scheme for Reimbursement of Development Expenditure
    • Scheme for Financing Farmers
    • Agriculture Loan
    • Various Interest Subvention Schemes for Educational Loan Beneficiaries
    • Scheme for Financing Farmers for Purchase of Agricultural Land
    • CGBY
    • Scheme for Financing Cold Storage Unit
    • Scheme for Financing Agriclinics and Agribusiness Centers
    • Corp Agricultural Produce Loan (CAPL)
    • Agricultural Debt Waiver & Debt Relief Scheme
    • Interest subvention scheme for Short Term crop loans

    Corporation SME Credit Card Receivable Funding Scheme FAQs:

    1. Is third party guarantee mandatory under the Corporation SME Credit Card Receivable Funding Scheme?

      No, under the Corporation SME Credit Card Receivable Funding Scheme, collateral security or third-party guarantee is not mandatory.

    2. Who can act as a guarantor under the Corporation SME Credit Card Receivable Funding Scheme?

      Directors or Partners of the SME can act as the guarantor in their personal capacity, under the Corporation SME Credit Card Receivable Funding Scheme.

    3. What is the security required by the Bank under the Corporation SME Credit Card Receivable Funding Scheme?

      The security that has to be offered to the Bank under the Corporation SME Credit Card Receivable Funding Scheme is the charge over the credit card receivables.

    reTH65gcmBgCJ7k - pingdom check string.
    reTH65gcmBgCJ7k - pingdom check string.
    This Page is BLOCKED as it is using Iframes.