Oriental Bank of Commerce is an India-based bank established on 19 February 1943 in Lahore. It is one of the public sector banks in India.

Home Loan

Purpose

To purchase of land and Construction of house, where in the plot/land already owned by the applicant

To buy built up (new or second hand) / semi built up house or flat.

Eligibility-

Individuals or group of specified individuals including HUF having an assured source of regular income viz. salaried / self-employed persons, professionals, businessmen, farmers etc.(including Staff & NRIs )

Maximum Loan limit-

For Business man-40 times Gross monthly Income

For salaried person -60 times Gross monthly Income with a condition that the net take income is in 20-40% slab as per Gross Annual income with details as under:

Upto Rs. 10 Lacs 40% Above Rs.15 Lacs to 25%
Rs. 25 Lacs

Above Rs. 10 Lacs to 30% Above Rs. 25 Lacs 20%
Rs. 15 Lacs

Minimum age-

18 years as on date of application

Upto 60 years of age

Margin-

Maximum age
Upto Loan Rs. 20.00 Lacs 15%
Above Rs. 20.00 Lacs 20%
For Home furnishing 25% of total cost of renovation/furnishing

Process fee -

0.50% of the loan amount, subject to maximum of Rs. 20000/- plus service tax, if any

Repayment Period-

For Home Loan -Upto 300 months, preferably in EMI including the moratorium period of 18 months

For Home Furnishing Loan-Maximum 120 months

Contact-

Oriental Bank of Commerce
Corporate Office
Plot No. 5, Institutional Area
Sector-32
Gurgaon – 122001

Telephone Nos.:

PBX board/ receiption numbers : 0124-4126200 and 0124-4126300

Toll Free Customer Care No. : 1800-180-1235

Toll Customer Care No. : 0120-2580001