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| COMPARE : PERSONAL LOAN |
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| Oriental Bank of Commerce Personal Loan |
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| Introduction |
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| Oriental Bank of Commerce provides you personal loan to meet your travel requirement, medical treatment, purchase of consumer durables, even to buy gold ornaments, then to meet expenses of marriage/ family functions etc. You can take loan for registration of home with local govt. bodies. Bank has simple eligibility criteria and also gives relaxation in eligibility criteria according to terms and conditions specified. The repayment of loan can be done in 60 EMIs. |
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| Highlights |
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Salaried |
Self Employed |
| Loan Scheme |
Personal loan |
Personal loan |
| Loan Type |
Term Loan |
Term Loan |
| Loan Amount |
Min. - Rs 50000
Max. - Rs 500000
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Min. - Rs 50000
Max. - Rs 500000
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| Tenure |
Min. - 12 months.
Max. - 60 months.
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Min. - 12 months.
Max. - 60 months.
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| Interest Rate |
Min. - 12.5 %
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Min. - 13.5 %
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| Time to Process Loan |
7 days |
7 days |
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 Fees & charges
Fees & charges
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Salaried |
Self Employed |
| Processing Fee |
0.5 % |
0.5 % |
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| Comment on Charges |
2% penal interest over the normal lending interest rates on the overdue amount for irregular period. |
2% penal interest over the normal lending interest rates on the overdue amount for irregular period. |
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Security
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Security |
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One personal guarantee preferably of fellow employee, subject to the condition that one employee will not stand as guarantor in more than two accounts.
For Pensioners: Guarantee of the spouse eligible for family pension or in case of non-availability of spouse any other family member or third party guarantee acceptable to the bank. |
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