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#1
June 8th, 2016, 12:27 PM
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| Prime Lending Rate Of Oriental Bank Of Commerce
Hello sir, I am Sumit. I am from Mumbai. I want you to help me by giving me some information about the prime lending rate of Oriental Bank of Commerce on advances. Can you give me some details about it?
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#2
June 8th, 2016, 01:06 PM
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| Re: Prime Lending Rate Of Oriental Bank Of Commerce
As you have asked about the prime lending rate of Oriental Bank of Commerce on advances, I am giving you information about it, check below for the details As per policy, Interest on Advances is charged on reducing balances. Interest rates are chargeable on floating or Fixed rates depending upon scheme and terms & conditions of sanction. Maximum spread of the Bank is 3%,Penal rate for any irregularity in the loan accounts is 2%” Interest Rates on Advances (w.e.f. 14.05.2012) Prime Lending Rate : 14.75% Prime Term Lending Rate (PTLR) : 14.75% Maximum interest spread over PLR/PTLR (exclusive of Tax) other than export Credit and Consumer Credit : 3.00% In respect of Borrowers enjoying limits up to and inclusive Rs.2.00 lac: 14.75% BASE RATE OF THE BANK W.E.F. 30.09.2015 9.70 % |