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May 18th, 2016, 10:36 AM
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Oriental bank of Commerce Home Loan for 30 Years
Hello sir I want to know can I take Oriental bank of Commerce Home Loan for 30 Years so here can you please tell me about its repayment period ? Hey as Oriental Bank of Commerce is an India-based bank established in Lahore is one of the public sector banks in India Eligibility Criteria Individuals or group of specified individuals (co-borrowers) having an assured source of regular income viz. salaried / self-employed persons, professionals, businessmen, farmers 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 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 Repayment Period 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 Rate of interest 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. Last edited by Neelurk; May 4th, 2020 at 12:26 PM. |
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