Oriental Bank Personal Loan Interest Rate

Preliminary Information

Loan Details

Personal Details

+91


Oriental Bank of Commerce Personal Loan Interest Rates (May 2020)

Particulars Salaried Self-employed
Rate of interest 11.80% yearly 11.80% yearly
Loan Amount Maximum: Rs.5 lakhs Maximum: Rs.5 lakhs
Loan period Minimum: 180 Days
Maximum: 60 months
Minimum: 365 Days
Maximum: 60 months
EMI (Lowest) Rs.2214.35/- per Rs.1 lakh loan amount (applicable for the maximum tenure of lowest loan amount) Rs.2214.35/- per Rs.1 lakh loan amount (applicable for the maximum tenure of lowest loan amount)
Processing charges minimum of Rs.500 with 0.50% of the loan amount + GST minimum of Rs.500 with 0.50% of the loan amount + GST
Age Minimum: 21 years
Maximum: 60 years
Minimum: 21 years
Maximum: 60 years
Prepayment fee None None
Foreclosure fee Nil Nil

Oriental Bank of Commerce offers Personal Loans at attractive interest rates for the customers for covering personal expenses such as paying the college education fees, renovating the home, wedding, buying home appliances and more. The pensioners, as well as the working individuals, can avail the benefits of this personal loan although; for availing the loan, the individual is required to provide a guarantor, security or collateral.

Personal loan interest rates by OBC:

Depending on the applicant’s credit history, monthly income, inflation, repo rate, etc, the bank will charge the interest rates on personal loans. The loan repayment option includes EMIs for flexible payments.

Important factors to keep in mind about the interest rates charged on personal loan by OBC:
  • The interest rates charged on personal loans are fixed, and you are required to pay it throughout your loan term.
  • Depending on OBC’s base lending rate the floating rate will change, and simultaneously, with the changing rate, the EMI rate will change.
  • Security, collateral or a guarantor is required to avail the personal loan.
  • The interest rates will go up as soon as the RBI rates go up.

Need Help?

401, Lakhani Centrium, Sector 15, CBD Belapur, Navi Mumbai, Maharashtra 400614

Subscribe to our newsletter

  • Mobile Apps
  • googleplay-loanbaba.com
close
Top

Did not find what you were looking for?

Browse through our Knowledge Bank for more articles.

Loanbaba Blog

Check your Loan eligibility!

Apply for a Loan online: