#1
August 17th, 2016, 01:15 PM
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Oriental Bank Of Commerce
I want to take house Loan from Oriental Bank Of Commerce so can you please provide me the details of loan?
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#2
August 17th, 2016, 02:58 PM
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Re: Oriental Bank Of Commerce
Oriental Bank Of Commerce provide house Loan to Purchase of land and construction of a house thereon. Housing Loan Eligibility 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 ) Minimum age- 18 years as on date of application Maximum age- For salaried(with pension) & other Individuals upto 70 years For Salaried ( Non Pensionable) upto 60 years or superannuation, which is earlier 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 Net Take Home Income Fross Annual income minus all existing deductions including IT deduction & Proposed loan installment) with details as under: 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% Rate of Interest Sanctioned Limit Card Rate Up to Rs 75 lacs BR Above Rs.75 lacs & Upto Rs. 3.00 Crore BR+0.50% Above Rs. 3.00 Crores Interest rate shall be decided on case to case basis. Current Base rate is 10.25% Concession in rate of interest (0.25%) to captive and loyal customers, existing home loan borrowers and group of employees. Documents check List- Loan application Form Passport size photograph of applicant, co-applicant & guarantor Identity proof Residence Proof Age proof Income Proof For Salaried: Salary certificate issued by the employer / Income Tax return For Agriculturist: Record of land holding & cropping pattern or any other proof of income. For all other individuals: Last 2 yrs. Income Tax Return & computation sheet / Bank A/C statement. For further details please contact the nearby branch or call at 1800-180-1235 & 0124-2340940 |