|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|
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.
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.