Oriental Bank of Commerce Home Loan in Indore

About Oriental Bank of Commerce Home Loan in Indore

All eyes on buying a home in your city i.e. Indore? Not finding the home loan offers interesting enough? Why don’t you glance at Oriental Bank of Commerce Home Loan offer and give your long-standing home dream a fulfillment? With attractive interest rates, simple documentation and easy loan processing, the bank has become a game changer in the space. Before you grab the offer, let’s take a quick look at what bank has in store for home loan borrowers in Indore, one of the largest city in Madhya Pradesh.

Oriental Bank of Commerce Home Loan Indore at a Glance

ParticularsDetails
Interest Rate8.75% - 8.85%
Loan AmountDepends upon your income, saving and repayment capability
Loan TenureUpto 30 years, including the 18-month moratorium period subject to the dwelling unit’s age
Processing Fee0.50% of the loan amount plus service tax as applicable.
Prepayment ChargesNIL

Oriental Bank of Commerce Home Loan Eligibility Criteria in Indore

Want to apply for a home loan at OBC in Indore? Check eligibility now from the below pointers that come your way as it will determine where you stand as far as approval for a home loan is concerned.

  • Both salaried and self-employed can make their home loan application.
  • The minimum age a borrower has to attain at the time of filing in the application is 18 years.
  • When the proposed loan tenure is set to be over, the age of the borrower should not be more than 60-70 years.
  • Borrowers as well as co-borrowers are required to have a regular and assured flow of income.

Documents Checklist to Avail Oriental Bank of Commerce Home Loan in Indore

A key element to your dream home journey lies with the successful submission of the documents, which the bank seeks to approval the loan in Indore.

  • Loan Application Form
  • Identity Proof-PAN Card/Aadhaar Card/Driving License/Voter ID/Passport
  • Residence Proof-Passport/Aadhaar Card/Utility Bill/Voter ID
  • Income Proof-Last 3-6 Month Salary Slip, Last 6-month bank statement, Latest Form 16 & ITR (For Salaried), Last 2-3 years Profit & Loss Account Statement and Audited Balance Sheet (For Self-employed)
  • Passport Size Photographs of applicants and co-applicants
  • Property Documents-Buyer Agreement Copy/Allotment Letter, Receipt of Payment made to Property Developers

For more, check out in Home Loan Indore

Oriental Bank of Commerce Home Loan Indore Branches

Branch NameComplete AddressIFSCMICRContact Detail
RNT Marg12/2 RNT Marg Chetak Centre, Indore, Madhya Pradesh-452001ORBC01001834520220020731-2527698
Sneh Nagar95-A, Scheme No. 47, Sneh Nagar, Madhya Pradesh-452001ORBC01006234520220030731-4090928
Scheme No-54B-34, Scheme No-54, Indore, Madhya Pradesh-452010ORBC01007884520220040731-4009675
Sudama Nagar83-A, Sudama Nagar, Madhya PradeshORBC01008844520220050731-2480771
Y N RoadY N Road, Madhya Pradesh-452003ORBC01009114520220060731-2541034
A B RoadNikita Apartment, Plot No.3, R K Puram Colony, Adjoining Amaltas Hotel, A B Road, Indore-452008ORBC01013054520220089425343720
Sarv Suvidha NagarSimran Regency, 108, Sarv Suvidha Nagar, IndoreORBC0101631452022009
Khatiwala TankR-202, Khatiwala Tank, IndoreORBC0101651452022010
Sanwer RoadOriental University Campus, Sanwer Road, District, IndoreORBC01016974520220110755-2553517
Jamniya KhurdVillage Jamniya Khurd, P.O. Sanawdia, District-Indore, Madhya Pradesh-452016ORBC01021139425609936
Scheme 13420/RC, Scheme 134, District Indore, Madhya Pradesh-452010ORBC01021809303613669
Venkatesh Nagar325, Venkatesh Nagar, New 60 FT. Road, Indore, Madhya Pradesh-452005ORBC01021818718864999

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