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#1
2nd August 2016, 02:58 PM
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| Present Base Rate Of Oriental Bank Of Commerce
Hi I want to know that what is the present base rate for the Oriental Bank Of Commerce as I need to take the loan from the bank ??
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#2
2nd August 2016, 04:09 PM
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| Re: Present Base Rate Of Oriental Bank Of Commerce
Well the Oriental Bank Of Commerce has reduced base rate by 25 basis points, or 0.25 percentage points, from 10.25 per cent to 10 per cent, Oriental Bank of Commerce (OBC) said in a statement. All loans linked to base rate would become cheaper by at least 0.25 per cent. Base rate is the minimum lending rate below which banks cannot lend. Interest Rates on Advances (w.e.f. 14.05.2012) Prime Lending Rate : 14.75% Prime Term Lending Rate (PTLR) : 14.75% Maximum interest spread over PLR/PTLR (exclusive of Tax) other than export Credit and Consumer Credit : 3.00% In respect of Borrowers enjoying limits up to and inclusive Rs.2.00 lac: 14.75% BASE RATE OF THE BANK W.E.F. 30.09.2015 9.70 % |