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ORIENTAL BANK OF COMMERCE CAR LOAN

admin

8 Jan, 2015

Oriental Bank of Commerce offer Car and Vehicle Loans for the procurement of new vehicles like
scooters, jeeps, motorcycles and cars. The vehicles must be private vehicles meant for non-commercial
usage. The maximum ceiling for two wheelers is fixed at up to 90% of the cost of two wheeler including
registration charges, insurance and road taxes. For new car, the ceiling is up to Rs10 lakh. Bank charges
a processing fee at 0.50% of loan amount with minimum of Rs. 500/-.

New Car	Used Car
Loan Type	Term Loan	Term Loan
Ex-Showroom/On Road	On Road	On Road
Loan Amount	Maximum allowable loan amount is Rs.100 lacs	maximum loan amount -7.50 lacs
Tenure	Min. - 36 months. Max. - 84 months.	Min. - 12 months. Max. - 84 months.
Interest Rate	10.75 %	13.25 %
Time to Process Loan	7 days	7 days

vehicleloan

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