Oriental bank of commerce mortgage loan

Get Oriental Bank Of Commerce home loans at affordable interest rates. Oriental Bank Of Commerce Home Loan interest rates vary based on the home loan tenure, home loan amount, credit score, and many other factors. Also, women can obtain home loans at slightly lower rates.

People at the beginning of their careers, are generally not in a position to spare huge money for servicing a home loan, which they have to invariably take in order to finance the purchase of their house. One of the factors, which affects your home loan amount eligibility, is your income at the time of making the application. Similarly, availing of a large loan, may also be difficult for people who are only left with a few years of their careers. In such cases, one option to enhance the home loan eligibility, is to add a close relative like a spouse, parents or children, to join as co-borrowers to the home loan. As this may not be possible for everyone, another options is to find a lender who offers a longer home loan tenure, than what is normally available in the market. Normally, home loans are granted for a period of 20 years, subject to the last instalment of the home loan not extending beyond the retirement date or earning career.

Oriental bank of commerce mortgage loan

Oriental Bank of Commerce offers loans against property for interest rates of up to Get loan tenures of up to 10 years and hassle-free documentation. Loans for both commercial and residential properties. Apply now exclusively on CreditMantri. For any major requirements such as funds for business plans, higher education or medical treatment etc, getting a loan against property could be a feasible option to manage the situation. Understanding the scenario, Oriental Bank of Commerce, one of the leading banks in India, allows you to pledge your property to meet the goals or requirements. Obtaining an Oriental Bank of Commerce loan against property is simple as the process is quicker and approvals are done faster. With flexible repayments, this loan is preferable and affordable by all. Oriental Bank of Commerce, one of the leading private banks in India, offers loans against your residential or commercial property. With customised loan options, Oriental Bank of Commerce provides competitive interest rates and flexible repayment options. Oriental Bank of Commerce loan against your home could be the perfect solution for all your financial needs as the approvals are done in 3 days. Door-step services are offered, and the loan processing is done quickly and easily. Purpose: The main objective of Oriental Bank of Commerce loan against property is to provide finance to individuals who have various financials goals and requirements. Both residential and commercial properties are accepted by the bank as collateral.

Home loan lenders normally give you a home loan tenure that does not extend beyond the age of your retirement. The loan can be paid off through remittances done from their foreign country or use the sales process of immovable property. Oriental Bank of Commerce housing loan interests depend on the loan amount, salary of the applicant and the type of loan opted for.

Notifications can be turned off anytime from browser settings. Oriental Bank of Commerce was established many years ago in Lahore. Following partition, it closed down its branches and moved to Amritsar. They have the best interest rates in the market. OBC home loans are also well known for another reason. This is highest tenure among all home loans presently in the market.

Fixed rate mortgages i. Typically, these programs offer the best rates and terms as they are funded through a government-sponsored enterprise. Most single-family residences, town homes, and some condos might also qualify. Fixed-rate mortgages are typically available in year fixed, year, or year fixed options. Ready to begin? Apply Today. Not sure where to start? Have more questions? No worries, we have answers!

Oriental bank of commerce mortgage loan

Oriental Bank of Commerce Home Loan. Please Note: The above figures are only indicative and are subject to change without any prior notice. Please Note: The above rates and values are floating in nature and are based on adjustable rates.

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For home loan: Up to months including 18 months moratorium period. What is the processing fee on Oriental Bank of Commerce loan against property? Maximum repayment age for salaried with pension and other individuals is up to 75 years. Your comment will be reviewed and posted shortly. See also: Home loans: Longer tenure ones are the best bet. Oriental Bank of Commerce was established many years ago in Lahore. Self-employed individuals also need to be in their current line of business for three years minimum. Will I get a personal loan from Citi Bank if I have a bad credit score? In case there is a guarantor or a co-applicant, the above documents list will apply to them too. Balwant Jain. If you are a self employed individual you can secure a home loan too. Oriental Bank of Commerce Home Loan Eligibility There are many purposes for which people would want to apply for a home loan for: Purchasing a piece of land and constructing a house thereon.

Notifications can be turned off anytime from browser settings. Oriental Bank of Commerce was established many years ago in Lahore. Following partition, it closed down its branches and moved to Amritsar.

Your comment will be reviewed and posted shortly. Can I pre-close my loan against property account? For salaried Non-Pensionable individuals it is up to 60 years of superannuation. Will I get a personal loan from Citi Bank if I have a bad credit score? Oriental Bank of Commerce offers loans against property for interest rates of up to Skip to content. Loan Processing: No hidden charges are levied on processing the loan and all the charges are communicated up front. Home loan interest rates and EMI in top 15 banks, in December The upper limits for the housing loan from OBC are different for their regular housing loan and their home furnishing loan. Self-occupied residential properties and commercial properties such as shops and offices are considered collateral. For loans between Rs 30 lakhs and Rs 75 lakhs, where banks cannot finance more than 80 per cent of the cost of the property, the applicable lending rate is one year MCLR plus 0.