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Oriental Bank of Commerce Car Loan
Want to buy a Car, but not finding the ideal Car Loan? Oriental Bank of Commerce Car Loan can be your best-fitted option. With repayment flexibility and zero pre-closure charges, this bank also offers special interest rates for women applicants on car loans. If you are someone who is buying a car for the first time, the Oriental Bank of Commerce Car Loan can be your go-to.Powered By
Oriental Bank of Commerce Car Loan
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Required Documents to Apply for Oriental Bank Of Commerce Car Loan
Salaried Person
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KYC of applicant
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Last 3 Month Salary Slip
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Last 12 month Bank Statement of applicant
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Last 3 year ITR with computation of income of applicant or Last 2 Year Form 16 of applicant
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26AS of last 2 year of applicant
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Quotation of Car
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Latest Utility Bill of co-borrower if Owned premises else rent agreement if rentedSanction letter of all running loan
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Latest utility Bill if owned residence or rent agreement if rented
Self Employed
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KYC of applicant & Co-Applicant
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KYC of Co-BorrowerLast 3 year ITR with computation of income of applicant & co-applicant
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Last 3 year audited balance sheet of applicant
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Last 3 year Tax audit report of applicant
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Last 12 month Bank Statement of applicant & co-applicant
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Copy of Last 12 month GST return if applicable
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Quotation of Car
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Sanction letter of all running loan
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Latest utility Bill of residence if owned or rent agreement if rented
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Latest utility Bill of Office if owned or rent agreement if rented
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List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP
About Oriental Bank Of Commerce New Car Loan
Do you hope that you can travel around in the comfort of a car? Are you confused by the various vehicle loans on the market? Are you planning to buy your dream car?
It makes no difference if you want to buy a premium car; Oriental Bank of Commerce presents car loans up to Rs 100 lakh. If the loan candidate has previously been a consumer of Oriental Bank of Commerce, he or she is entitled to the interest rate reduction. The rates of interest on the four-wheeler car loan range from 10.20% to 10.45%, depending on the loan payback period selected by the client. Furthermore, the loan terms are flexible, and you can repay the Oriental Bank loan amount over a period of up to 84 months.
Save Your Time with a Simple Loan Process
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
FREQUENTLY ASKED QUESTIONS
The Repayment Tenure for the Oriental Bank of Commerce Car Loan is Upto 7 Years
Yes, Part-payment is allowed on the Oriental Bank of Commerce Car Loan
With the Oriental Bank of Commerce, you can borrow upto Rs. 1 crore for Car Loan
A concession of 0.25% is available for women applicants of Oriental Bank of Commerce Car Loan.
Yes, Non-Resident Indians can apply with joint applications from close relatives residing in India.
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