Oriental Bank of Commerce Home Loan in Patna

About Oriental Bank of Commerce Home Loan in Patna

Oriental Bank of Commerce (OBC) is a public sector bank founded in 1943, a fact which many would be aware of. But not many would have bothered to check how resilient it has been through the downtime to achieve a distinction in excellent customer service. It has many products to redefine your life, of which its home loan is most appealing in the wake of lower interest rates. Aided by simple documentation and smooth processing, Oriental Bank of Commerce Home Loan has become a favourite option among the masses even in Patna, the capital of Bihar. So, if you are staying in Patna and searching for a lender, OBC is the one to look up to.

Oriental Bank of Commerce Home Loan Patna 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 Patna

Want to apply for a home loan at OBC in Patna? 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 Checklist for Applying for Oriental Bank of Commerce Home Loan in Patna

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

  • 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 Patna

Oriental Bank of Commerce Home Loan Patna Branches

Branch NameComplete AddressIFSCMICRContact Detail
Exhibition RoadSushila Sadan, Exhibition Road, Patna, Bihar, 800001ORBC01002318000220020612-2320977
Boring RoadVarma Centre, 1st Floor, Boring Road, Patna, Bihar-800001ORBC01009348000220030612-2540772
PainalVillage Gopalpur Painal, Police Station-Bihta, Patna, Bihar, 801111ORBC01012179234368523
Kankarbagh1st Floor, C-58, Sector K, Hanuman Nagar, Kankarbagh, Patna, Bihar-800201ORBC01015448000220040612-2386015
PatliputraB/O Patliputra Colony 170A, Patliputra, Patna Bihar-800013ORBC01021607781006565
Bailey RoadBeside Aabha Kunj Gola Road, Bailey Road, Patna, BiharORBC0102187

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