Oriental bank of commerce mortgage loan

Oriental Bank of Commerce offers loans against property for interest rates of up to

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

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.

It will depend on the income and the financial history of the applicant. For loans over Rs 75 lakhs, where the banks cannot finance more than 75 per cent of the cost of the property, the applicable rate will be one year MCLR, even if you contribute more than 25 per cent. They also need to submit their specific documents.

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.

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:. Applicants who are professionally engaged in the working sector are also eligible for the Oriental Bank of Commerce Home Loan. Please find more information on Eligibility by visiting Dialabank.

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.

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For self-employed individuals previous two years tax returns and recent income computation will be needed. An OBC home loan is available for:. Are loans even available for renovation purposes? Canara Bank. Post Comment optional. Table of Contents Toggle. Purchase prices and installation charges of wiring and other such fittings. Oriental Bank Of Commerce Home Loan interest rates vary based on the home loan tenure, home loan amount, credit score, and many other factors. Pay on Credit. The maximum permissible loan amount will be calculated based on the income of the individual and also of the co-applicant. Cost of repair, furnishing, renovations and additional constructions. NRIs or POIs as they are commonly known as, often find themselves yearning to come back home at some point. The repayment is easy as you can get long tenure with small EMIs at attractive interest rates. We couldn't find any offer matching this category. Tata Capital Housing Finance.

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.

Home loan interest rates and EMI in top 15 banks, in December OBC provides home loan amount for furnishing purposes of up to a maximum of Rs. Get loan tenures of up to 10 years and hassle-free documentation. 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. The general eligibility criteria that have to be met by a non-resident Indian and person of Indian origin applicants are:. Yes, you can make part-prepayment and no charges are levied on floating interest type. Home loan lenders normally give you a home loan tenure that does not extend beyond the age of your retirement. Minimum age to apply for a loan is 18 years on the date of application. Any proof of residence like an electricity bill, telephone bill or voter ID card. Millions of Indians have established residence abroad in other countries over the years. Yes, you can avail overdraft facility against your property as a term loan. For loans over Rs 75 lakhs, where the banks cannot finance more than 75 per cent of the cost of the property, the applicable rate will be one year MCLR, even if you contribute more than 25 per cent. Personal Loan Interest Rates. You need to submit a written request to the nearest Oriental Bank of Commerce branch to close your account. Proof of age of the applicant such as passport, birth certificate, PAN Card.