Oriental bank of commerce mortgage loan

People at the beginning of their careers, oriental bank of commerce mortgage loan, 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.

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.

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. There is something really special about owning a house than renting one. You can redesign anytime or do renovations in any way you want. Banks swoop in and save the day by providing you with home loans. Once you get your home loan you can start paying back to the bank in instalments along with an interest rate. Oriental Bank of Commerce provides you with home loans that can be taken for buying a house or even for renovation purposes. The house itself will act as a security to the loan. The banks that provide you the loan will charge you with a rate of interest. Oriental Bank of Commerce charges an interest rate that ranges from 8. This is applicable based on 1-year MCLR rate.

Moreover, it allows a person of higher age to avail the benefit of extended tenure.

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.

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. Applicants who are not professionally engaged in the working sector but have their own source of steady income are also eligible for the Oriental Bank of Commerce Home Loan. This includes everybody who is a:.

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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Any proof of residence like an electricity bill, telephone bill or voter ID card. Proof of age of the applicant such as passport, birth certificate, PAN Card. Car Loan Customer Care. 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. You may have to pay a small fee as penalty while prepaying. The home loan product from Oriental Bank of Commerce is especially beneficial for people at the start of their careers. So, the extended period gives you the ability to avail of a home loan of higher amount, with the option to prepay it partly or fully before completion of the tenure, without incurring any penalty for such prepayments. The applicant should be of at least 18 years of age when he or she is applying for a home loan at Oriental Bank of Commerce. Write a review. Personal Loans for Individuals with Low Income Does pre-closing a personal loan impact credit scores? You can either apply online or visit the nearby Oriental Bank of Commerce branch or through CreditMantri official website.

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.

Eligibility Criteria for Oriental Bank of Commerce Loan Against Property 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. Similarly, availing of a large loan, may also be difficult for people who are only left with a few years of their careers. Your comment will be reviewed and posted shortly. Loan Amount: The borrowers can get up to Rs. For salaried Non-Pensionable individuals it is up to 60 years of superannuation. So, instead of Rs 50 lakhs, you would be eligible for a home loan of Rs 58 lakhs, with the same amount of annual income. Loan Against Property is taken to meet the financial needs of an individual using mortgage of property. The year home loan product allows the tenure to extend beyond the age of retirement, for people who are entitled for pension, till 75 years of age. Can I get overdraft facility against my property? They have the best interest rates in the market. The eligibility criteria for a home loan from OBC are not extended and can be applied for by anyone. If you are purchasing a plot of land to build your house on or a already built up or a semi built house. Maximum of Rs.