#1
August 10th, 2016, 03:26 PM
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Oriental Bank Of Commerce 2 Wheeler Loan
Hello Guys , My Friend want to Apply for Loan for 2 Wheeler Vehicle in Oriental Bank Of Commerce , Here Will you plzz tell me Eligibility and Rate of Interest Details ?
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#2
August 10th, 2016, 04:07 PM
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Re: Oriental Bank Of Commerce 2 Wheeler Loan
Bank Of Commerce , Provides Loan for purchase of all variants of new car,suv,4 wheelers & two wheelers-- scooter/motor cycle etc. Minimum Income Criteria For two Wheelers - Rs. 10000/- per month gross Salaried persons/retired Minimum 1 year of service Retired employees/pensioner Age should not exceed more than 65 years Businessman/professional No age bar. Established business for not less than 2 years service Agriculturist Based on the land holding Maximum Loan Ceiling Maximum loan for Two Wheelers - Rs.2.00 Lac & Margin For Two wheelers -10% Process fee 0.50% of loan amount with a minimum of Rs.500. +Service tax, if any. Financing of Second Hand Cars Amount Rs.7.50 lacs Margin 20% (Under TVS) & 30% (Non TVS) of market value assessed by valuer or purchase value of the second hand car whichever is less Rate of Interest Loan repayable within 36 months -- BR+3.00% Age of vehicle The age of the vehicle should not be older than 2 years at the time of sanction of loan subject to satisfactory valuation & roadworthy condition. Repayment Repayment in 36 EMIs Bank Of Commerce Interest Rates |
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