Oriental Bank Car Loan | Oriental Bank of Commerce Car Loan Interest Rate | Complete Details - BankBazaar

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Oriental Bank of Commerce Car Loan

Oriental Bank of Commerce offers loans for purchase of new car/jeep etc.for non commercial use (to be registered as Private vehicle). Eligibility is Rs.10,000 monthly gross salary. Amount of loan is 30 months net take home salary/income subject to the condition that net take home salary after deduction of proposed loan instalment should not be less than 40% of the gross salary. Income of the spouse can also be considered if spouse agrees to guarantee the loan. In case of existing home loan borrowers, net take home salary should not be less than 30% of gross salary after payment of the proposed loan instalment.

Details of Oriental Car Loan. Use our calculator to compare offers from multiple banks
Interest Rate (Daily reducing balance)	11% fixed
Processing Fees	0.50% of loan amount with minimum of Rs. 500/-
Loan Tenure	1 year to 7 years
Loan Amount	Upto 85% for new cars with maximum as Rs 10 lakhs
Guarantor Requirement	Guarantor is required
Documents	Proof of Identity and Age : Passport or voter's card or driving licence or PAN card and photograph Proof of Residence : Ration card or passport or driving license or latest electricity bill or latest telephone bill or latest credit card bill bank statements Income proof : Latest salary slip with Form 16(Salaried) or Income Tax Returns of last 2 years (Self employed) Bank statements

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Recently made loan offers

Rs.7.95 lakhs for Rs.25,839 EMI

9.50% Rate 36 Tenure

Total Interest PayableRs. 135,220

Total Tax + FeesRs. 19,875

Total Interest + FeesRs. 155,095

Submitted 6 minutes ago

Rs.5.30 lakhs for Rs.17,352 EMI

9.50% Rate 36 Tenure

Total Interest PayableRs. 94,655

Total Tax + FeesRs. 10,600

Total Interest + FeesRs. 105,255

Submitted 45 minutes ago

Rs.4.15 lakhs for Rs.9,127 EMI

9.75% Rate 48 Tenure

Total Interest PayableRs. 132,616

Total Tax + FeesRs. 10,375

Total Interest + FeesRs. 142,991

Submitted 56 minutes ago

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    <option value="2">Feb</option>
    <option value="3">Mar</option>
    <option value="4">Apr</option>
    <option value="5">May</option>
    <option value="6">Jun</option>
    <option value="7">Jul</option>
    <option value="8">Aug</option>
    <option value="9">Sep</option>
    <option value="10">Oct</option>
    <option value="11">Nov</option>
    <option value="12">Dec</option>

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<select name="{2}[{0}].startDate.year" id="eFrm_{2}_{0}__startDate_year" class="requiredForAllEmp">
    <option value=""
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    <option value="2010">2010</option>
    <option value="2009">2009</option>
    <option value="2008">2008</option>
    <option value="2007">2007</option>
    <option value="2006">2006</option>
    <option value="2005">2005</option>
    <option value="2004">2004</option>
    <option value="2003">2003</option>
    <option value="2002">2002</option>
    <option value="2001">2001</option>
    <option value="2000">2000</option>
    <option value="1999">1999</option>
    <option value="1998">1998</option>
    <option value="1997">1997</option>
    <option value="1996">1996</option>
    <option value="1995">1995</option>
    <option value="1994">1994</option>
    <option value="1993">1993</option>
    <option value="1992">1992</option>
    <option value="1991">1991</option>

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        </td>
        <td>
            <span style="margin-right:7px;">EMI</span>
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        <td>
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            <span class="addRel"> | <a class="bankrel brel" href="#" onclick="add('{1}');">Add another</a></span></span>
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