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    OBC Personal Loan for Home Loan Borrowers

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11.05% - 12.80% Fixed
    0.5% (min. ₹500) One time fee
    5L Max Max 5 months salary
    1-5 Years
    Response Time Within 30 minutes
    Documents
    Perks
    Think about
    Eligibility Criteria
    Personal Loan BYTES FROM OUR KITCHEN

    What is the purpose of OBC Personal Loan for Home Loan Borrowers?

    OBC Personal Loan for Home Loan Borrowers offers personal finance for four purposes. Listed below are the four purposes for which the loan is offered.

    • Personal finance for purchase of consumer durables, kitchen appliances, furnishing items(Television set, tables, couch, room coolers, carpets) including insurance of premium purchased goods
    • Purchase of life insurance policy under group protection plan for the home loan borrower( for the safety of the family’s future and housing loan liability)
    • Loan for travel for self or family members. Covers travel costs, hotel stay and foreign travel related expenses such as visa, airport tax, etc.
    • Any other personal expenditure

    What is the nature of facility offered on OBC Personal Loan for Home Loan Borrowers?

    Overdraft is the nature of facility offered on OBC Personal Loan for Home Loan Borrowers.

    What are the features of OBC Personal Loan for Home Loan Borrowers?

    Listed below are the features of OBC Personal Loan for Home Loan Borrowers.

    • Personal loan specially designed for Home Loan Borrowers
    • Flexibility in using the personal loan amount for various purposes
    • Overdraft facility offered
    • High loan amounts
    • Quick approval
    • Easy application process
    • Minimum documentation
    • Flexible repayment period

    Are there any benefits of OBC Personal Loan for Home Loan Borrowers?

    There are various benefits of OBC Personal Loan for Home Loan Borrowers. Listed below are the benefits of OBC Personal Loan for Home Loan Borrowers.

    • High loan amounts up to maximum of Rs.10 lakh
    • There is no prepayment penalty charged on pre-payment of the loan
    • High flexible repayment periods
    • Dedicated team of customer service to help the borrower with the process
    • Quick approval

    What is the security offered on OBC Personal Loan for Home Loan Borrowers?

    Listed below is the list of duty stamped undertaking that should be provided by the borrower.

    • The bank can extend the mortgage when required
    • The borrower can’t create any other charge on the property used for the loan
    • Title deed of the property shall remain with the bank until the personal loan is repaid

    What are the fees and charges applicable on OBC Personal Loan for Home Loan Borrowers?

    Given below is the list of fees and charges applicable on OBC Personal Loan for Home Loan Borrowers.

    • Penal interest- 2% penal interest over normal lending rate is charged on the overdue amount

    What is the rate of interest offered on OBC Personal Loan Home for Borrowers?

    The rate of interest rate offered on OBC Personal Loan for Home Loan Borrowers is base rate plus 1.50% which makes the final rate of interest 11.20%.

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