Oriental Bank of Commerce Home Loan Mumbai - Rates Dec 2023, IFSC, Eligibility, EMI

Oriental Bank of Commerce Home Loan in Mumbai

About Oriental Bank of Commerce Home Loan in Mumbai

The city of Mumbai, also called as Aamchi Mumbai in the local Maharashtrian language, is a dream place to be in with top capitalists ruling the roost with their game changing decisions. With the existence of so many companies, the city employs a large chunk of the country’s population, many of whom have come from other states and the cities. Even after spending many years in the financial capital, there are still plenty of people not able to sleep in their own home due to the surging property prices here. To fill this void, Oriental Bank of Commerce (OBC) has stepped up the efforts with an affordable home loan offering. So, come and grab one best offer at OBC, which houses a greater number of branches in Mumbai. 

Oriental Bank of Commerce Home Loan Mumbai at a Glance

Interest Rate8.60% - 9.95%
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 Mumbai

Want to apply for a home loan at OBC in Mumbai? First check eligibility now from the below pointers that come your way before applying for the loan, as it has to be met for getting a loan from the public lender.

  • 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 Needed for Applying for Oriental Bank of Commerce Home Loan in Mumbai

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 Mumbai.

  • 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 Mumbai

Oriental Bank of Commerce Home Loan Mumbai Branches

Branch NameComplete AddressIFSCMICR
FortJash Chambers, Sir P M Road, Fort, Mumbai, Maharashtra-400001ORBC0100023400022005
Kalbadevi17/19, Bomanji Masterrd, New Silk Bazar Kalbadevi, Mumbai, Maharashtra-400002ORBC0100055400022006
Lamington Road393, Sir Mangaldas House, Lamington Road, Mumbai, Maharashtra-400004ORBC0100105400022007
Andheri (West)Manubharti, 212, SV Road, Andheri (West), Mumbai, Maharashtra-400058ORBC0100142400022002
Mandvi379/382 Narshi Natha, Street, Mandvi, Mumbai, Maharashtra-400009ORBC0100187400022009
Neapean Sea Road39, B/1, Matru Ashish, Neapean Sea Road, Mumbai, Maharashtra-400036ORBC0100201400022010
Santacruz(West)Ground Floor, Ajay Apartments, S.V. Road, Santacruz(West), Mumbai, Maharashtra-400054ORBC0100232400022011
DadarALF Gokhale Road (South), Dadar (West), Mumbai, Maharashtra-400028ORBC0100235400022004
KalyanOnkar Apartments, New Station Road, Kalyan, Mumbai, Maharashtra-421301ORBC0100295400022015
Malad(West)Vikas Chambers, Marve, Link Road, Malad(West), Mumbai, Maharashtra-400069ORBC0100405400022008
GhatkoparNarsingh Mehta Marg, Ghatkopar, Mumbai, Maharashtra-40086ORBC0100456400022014
Kandivali (East)Gokul Monarch Cooperative Housing Society, Kandivali (East), Mumbai, Maharashtra-400101ORBC0100560400022021
PowaiB1, LGL-34 Galleria, Hiranandani Grd Powai, Mumbai, Maharashtra-400076ORBC0100632400022025
Dombivli (East)48, Shivleela, Tilak Road, Dombivli (East), Mumbai, Maharashtra-421201ORBC0100745400022027

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