Are you planning to have a grand wedding and falling short of cash? Oriental Bank of Commerce Marriage Loan is here to fund all your wedding related expenses including venue, dresses, catering, decoration, accommodation for guests, invitation cards, etc. The bank offers a loan amount of upto Rs. 10 lakh and the tenure to repay the loan goes upto 60 months for a flexible repayment.
Oriental Bank of Commerce Marriage Loan
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15.5L Reviews
Get up to ₹50 Lakhs starting at 9.98%
15.5L Reviews
Wide Choice
Curated offers from 30+ lenders
Quick Disbursal
Money in your account instantly
SmartMatch
Offers ranked according to eligibility
Digital Process
Hassle-free & paperless
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Step 4: Select the loan purpose and loan amount
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Oriental Bank of Commerce Marriage Loan
Interest Rate
The interest rate offered by Oriental Bank of Commerce on a marriage loan starts from One Year MCLR +2.75% (1 year MCLR with effect from 10.08.2019 is 8.55%). You get an interest rate from the bank depending upon your credit score, age, employer, repayment history, etc.
Oriental Bank of Commerce Marriage Loan-Eligibility Criteria
| For Government Employees | For Corporate Employees |
|---|---|
| · You should be a permanent and confirmed employee of Public Sector Undertaking (PSU) and Centre / State Govt. Deptt. and other Government institutions like Universities/Colleges etc.· You should have a salary account with the bank
· Your monthly salary should be minimum Rs. 10,000 · Your net take home salary should not be less than 30% of gross salary after deducting the EMI of the proposed loan · If you don’t have a salary account with the bank, your dross monthly salary should be at least Rs. 50,000 |
· You should be a permanent employee of reputed corporates and other reputed non-government organizations/institutions including colleges/schools· You should have a salary account with the bank
· you should have at least 3 years of working experience that also includes service with the previous employer(s), if any · Your minimum monthly income should be at least Rs. 10,000 · Your net take home salary should be less than 30% of gross salary after deducting the EMI of the proposed loan · If you don’t have a salary account with the bank, your monthly salary should be at least Rs. 50,000 |
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Step 2: Provide your personal details
Step 3: Enter OTP to verify your mobile number
Step 4: Select the loan purpose and loan amount
Step 5: Compare offers and apply for the best-suited loan
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