Oriental bank of commerce personal loan india
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Personal loan center, how to get benefits out of it
A personal loan center is a one-stop solution to all financial needs in UK. These loan centers established over a couple of years provide online assistance to borrowers in raising funds or loans to realize their personal needs.
Such loan centers are proficient in handling Compare personal loans to cater to personal needs such as purchase of a car, revamping an old home, ferrying to a dream destination, fund education abroad or just consolidate earlier debts.Benefits of seeking out a Personal Loan Centre:-The loan centre shops around for best personal loans on behalf of the borrower-Arranges loans with major banks and financial companies-Assistance out of sound financial experience-Some also have an insurance cover (helps to cover the loan payment during sickness or unemployment)-No brokerage charges incurredSuch personal loan center makes the whole process of applying and finding the most competitive rate and the right loan simpler. The borrower, no more drains out his time and energy hunting out for a right personal loan. These centers help them seek out for a personal loan by scouring through the competitive loan market.Personal Loan News in India....
- Bank loans: The trend in 2009 - Moneycontrol.com
Business Standard Bank loans: The trend in 2009 Moneycontrol.com BankBazaar.com - An online marketplace where you can instantly get loan rate quotes, compare and apply online for all your personal loan, home loan and ... Banks' retail loan base shrinksBusiness Standard all 152 news articles » - 6 days ago
- Are we priming for a home loan crisis of our own? - Daily News & Analysis
Are we priming for a home loan crisis of our own? Daily News & Analysis That script is seemingly being followed in the Indian home loan market too. Banner advertisements from banks and mortgage financers are pitching home loans ... and more » - 13 hours ago
- VEEP commends India for its technical assistance to Zambia - Lusaka Times
Lusaka Times VEEP commends India for its technical assistance to Zambia Lusaka Times ... Thursday and will among other things hold discussions and loan signing agreements before departure. During his two day visit, the Indian vice president ... and more » - 7 hours ago
- Maruti Suzuki Plans Capacity Expansion - Wall Street Journal
Maruti Suzuki Plans Capacity Expansion Wall Street Journal New Delhi-based Maruti Suzuki aims to raise its capacity as rising incomes, easier loan rates and a raft of new car launches lift local demand. ... and more » - 20 hours ago
- Need faster investment in soft & hard infrastructure - Financial Express
Need faster investment in soft & hard infrastructure Financial Express We slowed down our personal loans in early 2008. Yet, we were hit a little in this segment. About four years ago, we set up a high-risk SME loan business, ... - 11 hours ago
Oriental Bank cut rates by 1-2 pc on SSI loans
Oriental Bank of Commerce has decided to cut interest rates on loans to small-scale industrial units by 1-2 per cent with the lowest slab coming down to 10 per cent from July.
The bank lowered the lending rates, which would range between 10 and 12 per cent, to increase the flow of credit to the SSI sector, a bank press release said.The revived rate for SSI accounts with credit limit up to Rs 25 lakh would now be charged at 10 per cent, which is one per cent below the Prime Lending Rate of the bank.For credit limit of Rs 25-50 lakhs, the lending rate would be reduced to 11 per cent as against 12 per cent.Dharna by employees of Oriental Bank of Commerce
Protesting against several aspects of the Reserve Bank of India's amalgamation scheme with regard to the merger of Global Trust Bank with Oriental Bank of Commerce, employees of Oriental Bank today held a dharna in front of the bank's regional office at Jandu Tower here.
The call for dharna was given by the All India Oriental Bank Employees Federation and the All India Oriental Bank Officers' Association."Oriental Bank has an excellent balance sheet and is a zero NPA bank. It has the highest productivity and the lowest cost to advance ratio among public sector banks. RBI's amalgamation scheme is silent on the extent of NPAs/losses in GTB's balance sheet. If OBC is unable to cover the unbridged gap through recovery of GTB's NPAs and other declared/undeclared and accumulated losses, it would have to absorb the losses on its books," said the protesting employees.They demanded that such losses should be met by the government and not by the OBC.The employees said the amalgamation scheme stated that after a period of three years the salaries and terms of GTB officers will be brought on a par with that of the officers of OBC. However, they are being paid higher emoluments and if they are being absorbed as permanent officers how would it be possible to reduce their emoluments after three years, the employees questioned.Purpose and eligibility for applying a personal loan
Purpose:
To meet personal/ family expenses like marriage/education/family functions .For purchase of consumer durables, gold / gold ornaments.To meet expenditure on medical treatment of self and/or dependent at Hospitals/Nursing Homes registered with local Govt. bodies.Eligibility:1. Permanent and regular employee in Centre/State Govt. Deptt. and other institutions like Universities, Schools/College, PSUs, reputed hospitals, and well established corporate. Professionals and doctors shall also be eligible for loan2. Minimum 3 years of service, including service with the previous employer(s), if any.3. The net monthly salary should not be less then Rs 6,000/-.4. The net take home salary should not be less than 30% of gross salary after deducting the EMI of the proposed loan.PrintShare it! — Rate it: up down flag this hub
