Oriental Bank of Commerce Cuts Interest Rate on Home Loan
Now, all home loans irrespective of loan amount are available at uniform rate of 10.25 per cent at bank's base rate
Sep 04, 2014
Source : profit.ndtv.com
Oriental Bank of Commerce

 

New Delhi: Oriental Bank of Commerce (OBC) on Wednesday cut home loan rate by 0.5 per cent to 10.25 per cent.

The state-owned lender has reduced the interest rates on home loans of above Rs. 75 lakh by 0.5 per cent from 10.75 per cent to 10.25 per cent, it said in a statement.

"Now, all home loans irrespective of loan amount are available at uniform rate of 10.25 per cent at bank's base rate," it said.

Last week, State Bank of India, the country's largest lender, slashed home loan rate by up to 0.15 per cent and removed the slab for advances.

Home loan of any amount is now available at 10.15 per cent while for women borrower the rate of interest would be 10.10 per cent.

The base rate or the minimum lending rate below which the bank cannot lend is 10 per cent.

SBI had also removed two home loan slabs - under Rs. 75 lakh and above Rs. 75 lakh.

So as per the revised statement, the concessional 0.05 per cent interest rate has been maintained for women borrowers provided she is the sole applicant or the first of the co-applicants and also the sole or the first of the co-owners of the property.

Latest Realty News

Chief Ministers' Conclave on Housing on Sep 12
Sep 04, 2014
A special comclave of chief ministers is to be held in the national capital Sep 12 to push the agenda of housing for all by 2022, said the National Real Estate Developers' Council (NAREDCO) here
Luxury homes in Pune beat affordable ones in demand
Sep 04, 2014
The city's high-end residential segment has shown a smart 39% rise in capital value in the 2011-14 period — the highest any market has shown in the country, a report by real estate advisory company Cushman & Wakefield has said
Finally, Chavan okays 2.5 FSI for old buildings in city
Sep 04, 2014
The residents of old and dilapidated buildings have reason to cheer. Chief minister Prithviraj Chavan has given his nod to the long-pending demand for 2.5 FSI on Tuesday, ensuring faster redevelopment of these buildings, constructed by City and Industrial Development Corporation (Cidco)
134 licences issued to builders in three months before polls
Sep 04, 2014
With the model code of conduct set to kick in anytime, the Haryana state government seems to be in a hurry to issue licences to builders
Govt to compensate evicted slum folk
Sep 04, 2014
The state government will provide Rs 2,000 compensation a month to slum dwellers, who will be evicted to make way for houses to be constructed under Rajiv Awas Yojana (RAY). These houses will be handed over to them
Over 45,000 acres forest land for capital?
Sep 04, 2014
In some good news for Chandrababu Naidu, the Andhra Pradesh government has been told by its revenue department that more than 45,000 acres of degraded forest land, largely encroached by locals and small industrial units, are available in the surroundings of Vijayawada for building the new capital
Narayana Murthy invests in realty, Azim Premji to follow suit
Sep 04, 2014
Property has always been a major investment avenue of the rich. Now, some of the people one would expect to focus on enterprising ventures are also looking at rent-yielding property
Law dept to review KIIT land allotment
Sep 04, 2014
The state law department will examine the issue of allotment of 14 acres of land to city based Kalinga Institute of Industrial Technology (KIIT)
Idco step to cancel land leases draws flak from industry bodies
Sep 04, 2014
The decision of the Odisha Industrial Infrastructure Development Corporation (Idco) to cancel the lease deeds of the land lying idle in industrial estates has drawn flak from the industry bodies the state
Jhajjar township: Reliance Ventures, IL&FS part ways
Sep 04, 2014
Reliance Industries Ltd (RIL) on Wednesday announced an end to the strategic partnership between Reliance Ventures Ltd (RVL), RIL's wholly owned subsidiary, and Infrastructure Leasing and Financial Services Ltd (IL&FS) to co-promote the model economic township (MET) project in Jhajjar, Haryana

Latest Realty News Of State

Realty Talk's