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.
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 |
Documents Required
- Photo identity proof(any one document): Passport, Pan Card, Voter Identity Card, Driving License, Aadhaar Card
- Address proof(any one document): Ration Card, Bank Account Statement, Passport, Driving License, Electricity Bill, Telephone Bill, Sale Deed/Property purchase agreement(for owned properties), Aadhaar Card
- Salary proof: Last 3 months/6 months’ bank statement showing salary credits, Latest Salary Slip
EMI Calculator
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
Personal Loan at Attractive Interest Rates Apply Now
FAQs
Q. Where can I contact the customer care of Oriental Bank of Commerce?
- You can give a call on 0120-2580001, 1800-180-1235 or 1800-102-1235
- You can visit the corporate office at Plot No. 5, Institutional Area, Sector-32 Gurgaon – 122001
- You can fill the feedback/complaint form here
Q. What is the processing fee of Oriental Bank of Commerce marriage loan?
Ans. The processing fee starts from 1.00% of the loan amount plus applicable taxes.
Q. What is the minimum and maximum personal loan amount that I can avail from Oriental Bank of Commerce?
Ans. The minimum loan amount is Rs. 5 lakh and the maximum loan amount goes upto Rs. 10 lakh.