PLR Rate Of Oriental Bank Of Commerce

Hello sir, I am Shubham. I want you to help me by giving me some information about the Prime Lending Rates (PLR) of Oriental Bank of Commerce. Can you help me?

[Kiran Chandar]

As you have asked about the Prime Lending Rates (PLR) of Oriental Bank of Commerce, I am giving you information about it, check below for the details

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%

As per policy, Interest on Advances is charged on reducing balances.
Interest rates are chargeable on floating or fixed rates depending upon scheme and terms & conditions of sanction.
Maximum spread of the Bank is 3%, Penal rate for any irregularity in the loan accounts is 2%.