Oriental Bank Of Commerce Home Loan
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Introduction Oriental Bank of Commerce provides home loan for Construction/ purchase of Residential House/ Flat and for Repairs / Renovation/ Furnishing of house. Loan amount for construction, etc is 40 times in case of individual and 60 times for salaried persons – of Gross Monthly Income, for repairs, etc, amount is Max. Rs.10.00 lacs or 30% value of House/ flat whichever is lower. Bank keeps mortgage of property as security. Bank has simple documentation and criteria set for loan borrowers. Highlights Interest Rate 10.25% Loan Amount Min. – Rs 100000
Max. – Rs 10000000Tenure Min. – 1 Yrs.
Max. – 20 Yrs.Time to Process Loan 7 days Interest Rates Tenure Interest Type Interest Rate Offer 15 – 20 Yrs. Floating 9.25 % 10 – 15 Yrs. Floating 9.25 % 5 – 10 Yrs. Floating 9 % 1 – 5 Yrs. Floating 9 % 15 – 20 Yrs. Fixed 10.25 % 10 – 15 Yrs. Fixed 10.25 % 5 – 10 Yrs. Fixed 10 % 1 – 5 Yrs. Fixed 10 % Fees & charges Fees & charges Processing Fee 0.5 % Published on August 5, 2010 · Filed under: Home Loan, Oriental Bank of Commerce Home Loan;
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