Corporation Bank launches special car loan scheme

State-owned Corporation Bank has launched a special car loan scheme at attractive rate of 10.40% for limited period.

Bumper Car Carnival is a short term promotional offer for financing new four wheelers, the bank said in a statement.

The interest rate offered is the lowest at 10.40% for a period up to seven years. The processing charges are fully waived under the scheme, it said. It is a limited period offer for 15 days ending on March 15.

Besides, the bank has also come out with two new premium variants in the current account segment with a number of add-ons and freebies.