I am customer of Oriental Bank of Commerce (OBC) and planning to take the staff housing loan from this bank searching for loan details. Will you please tell what documents required apply for Oriental Home Loan also provide details about Processing Fees and interest rate for that loan?

Oriental Bank of Commerce (OBC) is an India-based bank established in Lahore, is one of the public sector banks in India.

Eligibility Criteria to take Staff Housing Loan:

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

Documentation needed to apply for an Oriental Home Loan

1. Signed application form with photograph
2. ID and residence proof
3. Processing fee Cheque
4. Latest bank statements
5. Documentation for salaried applicants:
Last 3 years Income Tax Returns with computation of Income
Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account
6. Documentation for self-employed applicants:
latest income tax returns
latest comupation of income

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

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

Contact:

Oriental Bank of Commerce (OBC)
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