Hi buddy I am thinking to take home loan from Oriental Bank Of Commerce, so can you tell me its Home Loan Rate Of Interest

As you asking for Oriental Bank Of Commerce Home Loan Rate Of Interest, so here I am telling require info :

Oriental Home Loan 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

Loan purposes

1. Purchase of land and construction of a house thereon.

2. Construction of house, where in the plot/land already owned by the applicant.

3. To buy built up / semi built up house or flat.

4. To Extend/improve/repair, the existing house or flat.

5. For Home furnishing, furniture / fixtures embedded to structure or otherwise.

6. To buy a flat under construction or proposed to be constructed

7. Takeover of housing loan from other banks/ financial institutions.

Loan limit
Housing Loan ---No upper ceiling (*conditions apply). The maximum permissible Bank finance can be calculated on the basis of income of individual as well as joint borrower, as the case may be.

Home furnishing Loan --Maximum Rs. 15.00 Lacs (restricted to 30% value of existing house),

Margin




Upto Rs. 30.00 Lacs


10%

Above Rs. 30.00 Lacs & Upto Rs. 75.00 Lacs


20%

Above Rs. 75.00 Lacs


25%

For Home furnishing


25% of total cost of renovation/furnishing