Oriental bank of commerce mortgage loan

Get Oriental Bank Of Commerce home loans at affordable interest rates.

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.

Oriental bank of commerce mortgage loan

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. OBC home loans are available to salaried employees of state government and central government offices. If you are a self employed individual you can secure a home loan too. Home loans can be availed for a variety of reasons. If you are purchasing a plot of land to build your house on or a already built up or a semi built house. If you want to get your house furnished, like loan to buy refrigerators or televisions.

You can get up to Rs. Personal Loan Customer Care. Loans for both commercial and residential properties.

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.

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. These are subject to change at the time of loan disbursement. Since a home loan is for a much longer period of time than most loans, the possibility of a balance reversal is expected to be greatest.

Oriental bank of commerce mortgage loan

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?

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You may have to pay a small fee as penalty while prepaying. For home furnishing and furniture fitting purposes that are embedded to the house. Can I get overdraft facility against my property? Processing Fees. For self-employed individuals previous two years tax returns and recent income computation will be needed. If you are purchasing a plot of land to build your house on or a already built up or a semi built house. You can either apply online or visit the nearby Oriental Bank of Commerce branch or through CreditMantri official website. If the applicant is a pensioner, then the maximum age limit is 70 years, and if there is no pension, then the maximum age is 60 years. Click here for more details All written queries will be responded within 1 working day. Oriental Bank of Commerce, one of the leading private banks in India, offers loans against your residential or commercial property. Also, women can obtain home loans at slightly lower rates. In case of a salaried individual, there has to be regular income, and they have to have a minimum total employment of two or three years and minimum one year with the current organization. This loan also has a moratorium period or a period during which there is no need for payments. 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. Post Comment optional.

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.

This is highest tenure among all home loans presently in the market. The bank might request you to submit additional documents if need be. With customised loan options, Oriental Bank of Commerce provides competitive interest rates and flexible repayment options. Personal Loan Customer Care. RBI requires one to provide only the supporting documents to prove identity, address, income, and proof of title of the property for the home loan. He also regularly conducts workshops on various subjects of investments and taxation. To apply for an Oriental Bank of Commerce loan against property, you must be either a self-employed professional or a salaried employee working in a reputed private company or government organisations. Can I top up the Oriental Bank of Commerce loan against property? This is to facilitate better easy repayment and manage their business as well. Minimum age of 18 years and a maximum age of 60 years for salaried and self-employed individuals is needed for availing for a home loan. Your search for property ends here - Buy, Rent, Sell - Housing. However, it differs based on the loan amount and interest type. Home loans can be availed for a variety of reasons.