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Corporation Bank launches housing loan scheme for NRIs

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Mangalore, Jan. 7

Corporation Bank's new housing loan scheme for non-resident Indians (NRIs), ‘Corp Home Premium — NRI', was launched by Mr Ashwani Kumar, Executive Director, at an NRI meet in Mangalore on Thursday. A bank release said the loan is available for purchase of ready-built house/flat, construction of house in pre-owned land, purchase of land and construction of house thereon, and takeover of housing loans from other banks/institutions. The minimum loan amount under this scheme is Rs 25 lakh and the maximum Rs 5 crore. NRIs will begiven a special ‘Green Channel' facility for priority sanction.

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