#1
28th July 2016, 04:18 PM
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Oriental Bank Of Commerce Undertaking
I want to apply for Vehicle Loan in Oriental Bank Of Commerce, a Government of India Undertaking so can you please tell me the eligibility to apply for this?
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#2
28th July 2016, 05:49 PM
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Re: Oriental Bank Of Commerce Undertaking
Oriental Bank Of Commerce offers Vehicle Loan for purchase of all variants of four wheelers & two wheelers. Vehicle Loan Purpose- For purchase of all variants of four wheelers & two wheelers For purchase of Second Hand Cars to be used as private vehicle only Income Criteria- For two Wheelers - Rs. 10000/- per month (Gross) For Four Wheelers - Rs. 20000/- per month (Gross) Eligiblilty- Salaried Individuals with confirmed / minimum 1 year of service Professionals (including doctors) Business entities Established business for not less than two years. Agriculturist based on their land holding and repayment capacity. Non-Resident Indians- jointly with Resident Indians (close relative) Co-applicants- Spouse, Father, Mother, Brother, Son, Daughter-in-law & unmarried daughter can be co-applicant. Maximum Loan Ceiling- Maximum loan for Two Wheelers - Rs. 10.00 Lacs, Four Wheelers- Rs.100.00 Lacs Security Hyp. of New Two wheeler / Car / MUV purchased out of Bank Finance. The hypothecation charge shall be registered in the books of RTO. Margin- 15% on on-road cost Components of finance- Show room price + one time road tax + Registration Charges & First year's insurance cost Repayment Period- Upto 84 EMI's {Equated monthly installment of Principal & interest components} For Salaried (Non Pensionable) - Up to 60 years or superannuation whichever is earlier. For Salaried (With Pension) - Up to 65 years having regular source of income. For Business Class/ Professionals: No age-bar Contact- Corporate Office Plot No. 5, Institutional Area Sector-32 Gurgaon – 122001 Telephone Nos.: PBX board/ receiption numbers : 0124-4126200 and 0124-4126300 Toll Free Customer Care No. : 1800-180-1235 Toll Customer Care No. : 0120-2580001 |
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