Oriental Bank of Commerce provides housing loan for Construction/ purchase of Residential House/ Flat and for Repairs / Renovation/ Furnishing of house. Loan amount for construction, etc is 40 times in case of individual and 60 times for salaried persons - of Gross Monthly Income, for repairs, etc, amount is Max. Rs.10.00 lacs or 30% value of House/ flat whichever is lower. Bank keeps mortgage of property as security. Bank has simple documentation and criteria set for loan borrowers.