COMPARE : CAR LOANS
Oriental Bank of Commerce Car Loan
Introduction
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/-.
Highlights
  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
Preferred Manufacturers Chevrolet, FIAT, Ford, GENERAL MOTORS INDIA, HINDUSTAN MOTORS, Honda, Hyundai, Mahindra, Maruti, Mercedes-Benz, Mitsubishi, Nissan, Reva, SAN Engineering, Skoda, Tata Motors, Toyota Chevrolet, FIAT, Ford, GENERAL MOTORS INDIA, HINDUSTAN MOTORS, Honda, Hyundai, Mahindra, Maruti, Mercedes-Benz, Mitsubishi, Nissan, Reva, SAN Engineering, Skoda, Tata Motors, Toyota
 Fees & charges
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