Hello, here I m providing you the details of the Oriental Bank of Commerce Home Loan as under:

Purpose:
Purchase of land and construction of a house thereon.
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.
To Extend/improve/repair, the existing house or flat.
To buy a flat under construction or proposed to be constructed
For Home furnishing, furniture / fixtures embedded to structure or otherwise

Details:
Interest Rate
9.60% to 10.10%

Loan Tenure
30 years

Pre-closure
Nil

Processing Fees
0.50% of the loan amount, subject to maximum of 20000/- plus service tax

Repayment:
For Home Loan - Upto 360 months, including the moratorium period of 18 months subject to age of dwelling unit
Age of dwelling unit less than 10 Years -Maximum 30 Years
Age of dwelling Unit Older than 10 Years -Maximum 25 Years
For Home Furnishing Loan-Maximum 120 months

Net Take Home Income
Gross Annual Income Net Take Home
Upto Rs. 5 lacs 50%
Above Rs. 5 Lacs to Rs. 10 Lacs 40%
Above Rs. 10 Lacs 30%