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.

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 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. Any major furnishing purpose you have, OBC home loan will work for you. The eligibility criteria for a home loan from OBC are not extended and can be applied for by anyone.

What is a Recommended Bank to get a Personal Loan from? 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. He also regularly conducts workshops on various subjects of investments and taxation.

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.

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! Click below to contact a CCNB mortgage representative to schedule a complimentary, no-obligation consultation with one of our mortgage specialists.

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.

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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. In what cities Oriental Bank of Commerce loan against home and land available? Don't Miss out! If you are purchasing a plot of land to build your house on or a already built up or a semi built house. The home loan product from Oriental Bank of Commerce is especially beneficial for people at the start of their careers. Home Loan Interest Rate. 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. The home loan details like interest rate, loan tenure, etc. Can I make part-prepayment on Oriental Bank of Commerce loan against property? OBC house loan can be applied to by applicants for the following reasons:. The general eligibility criteria that have to be met by a non-resident Indian and person of Indian origin applicants are:. Balwant Jain. The upper limits for the housing loan from OBC are different for their regular housing loan and their home furnishing loan. Car Loan Customer Care.

Oriental Bank of Commerce Home Loan. Please Note: The above figures are only indicative and are subject to change without any prior notice.

The processing fee is up to 0. He has varied experience in providing his own consultancy, as well as working as the chief financial officer, as well as a company secretary. Related Posts How and why will the current reduction in lending rates, affect home loan rates?. Home Furnishing Loan - Maximum amount of Rs. With banks increasing MCLR rates, what should home loan borrowers do?. 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. Is there a processing fee that we would have to pay for getting a home loan at Oriental Bank of Commerce? The home loan product offered by Oriental Bank of Commerce the EMI home loan scheme has a tenure of 40 years, which is almost double of the tenure offered presently by the lender in the market. Following partition, it closed down its branches and moved to Amritsar. Post Comment optional. Maximum loan tenure on offer is for a time period of 25 years. Loan Against Property is taken to meet the financial needs of an individual using mortgage of property. The construction costs of the house.