Oriental bank of commerce mortgage loan

Oriental Bank of Commerce offers loans against property for interest rates of up to Get loan tenures of up to 10 years and hassle-free documentation. Loans for both commercial and residential properties. Apply now exclusively on CreditMantri.

Get Oriental Bank Of Commerce home loans at affordable interest rates. Oriental Bank Of Commerce Home Loan interest rates vary based on the home loan tenure, home loan amount, credit score, and many other factors. Also, women can obtain home loans at slightly lower rates. There is something really special about owning a house than renting one. You can redesign anytime or do renovations in any way you want. Banks swoop in and save the day by providing you with home loans. Once you get your home loan you can start paying back to the bank in instalments along with an interest rate.

Oriental bank of commerce mortgage loan

Notifications can be turned off anytime from browser settings. Oriental Bank of Commerce was established many years ago in Lahore. Following partition, it closed down its branches and moved to Amritsar. They have the best interest rates in the market. OBC home loans are also well known for another reason. This is highest tenure among all home loans presently in the market. OBC home loans are available to salaried employees of state government and central government offices. If you are a self employed individual you can secure a home loan too. Home loans can be availed for a variety of reasons. If you are purchasing a plot of land to build your house on or a already built up or a semi built house. If you want to get your house furnished, like loan to buy refrigerators or televisions.

The repayment is easy as you can get long tenure with small EMIs at attractive interest rates. To buy a flat that is under construction or was proposed to be constructed. The processing fee is up to 0.

People at the beginning of their careers, are generally not in a position to spare huge money for servicing a home loan, which they have to invariably take in order to finance the purchase of their house. One of the factors, which affects your home loan amount eligibility, is your income at the time of making the application. Similarly, availing of a large loan, may also be difficult for people who are only left with a few years of their careers. In such cases, one option to enhance the home loan eligibility, is to add a close relative like a spouse, parents or children, to join as co-borrowers to the home loan. As this may not be possible for everyone, another options is to find a lender who offers a longer home loan tenure, than what is normally available in the market. Normally, home loans are granted for a period of 20 years, subject to the last instalment of the home loan not extending beyond the retirement date or earning career.

Fixed rate mortgages i. Typically, these programs offer the best rates and terms as they are funded through a government-sponsored enterprise. Most single-family residences, town homes, and some condos might also qualify. Fixed-rate mortgages are typically available in year fixed, year, or year fixed options. Ready to begin? Apply Today. Not sure where to start? Have more questions? No worries, we have answers! Click below to contact a CCNB mortgage representative to schedule a complimentary, no-obligation consultation with one of our mortgage specialists.

Oriental bank of commerce mortgage loan

Oriental Bank of Commerce Home Loan. Please Note: The above figures are only indicative and are subject to change without any prior notice. Please Note: The above rates and values are floating in nature and are based on adjustable rates. These are subject to change at the time of loan disbursement. Since a home loan is for a much longer period of time than most loans, the possibility of a balance reversal is expected to be greatest. Applicants who are not professionally engaged in the working sector but have their own source of steady income are also eligible for the Oriental Bank of Commerce Home Loan.

Tillerman brisbane

Purpose: The main objective of Oriental Bank of Commerce loan against property is to provide finance to individuals who have various financials goals and requirements. During the time of loan application, the applicant must have completed 18 years of age. To purchase a house or flat that has finished being constructed or is semi - finished. What is Loan Against Property? The eligibility criteria for a home loan from OBC are not extended and can be applied for by anyone. OBC has set no upper loan limit for their home loan. Whereas for the home furnishing loan, the repayment period is of maximum months. Oriental Bank of Commerce provides you with home loans that can be taken for buying a house or even for renovation purposes. The documentation is easy and hassle free and processed quickly. If you are a self employed individual you can secure a home loan too.

Notifications can be turned off anytime from browser settings.

For example, the EMI for a home loan at an interest rate of 8. Minimum age to apply for a loan is 18 years on the date of application. Home loan lenders normally give you a home loan tenure that does not extend beyond the age of your retirement. What is Loan Against Property? Get notified of new homes as soon as they are posted Notifications can be turned off anytime from browser settings. Balwant Jain. Any proof of residence like an electricity bill, telephone bill or voter ID card. Can I get Oriental Bank of Commerce loan against property without any income proof? Also, women can obtain home loans at slightly lower rates. The construction costs of the house.