Hassle Free Non Residential Property/ Office Premises Loan to Professionals:
OCHFL is proud to empower all strata’s of Indians and to make it possible for them to realize their dream of a home. We are now introducing a unique loan product catering to present day professionals - with the help of which they can buy any non-residential property and operate their line of business.
Buy or construct a property if one is :
- Medical practitioner
- Chartered accountant
- Architect
- Solicitor, etc.
Amount of loan
As a practicing professional, One can avail a loan from Rs. 2, 00,000 to 50,00,000-/ but not exceeding 80% of the total cost of the property. The actual loan amount is determined taking into account factors like:
- Repayment capacity
- Age
- Educational qualifications
- Stability and continuity of income
- Number of dependents
- Co-applicant's income
- Assets
- Liabilities
- Saving Habits etc.
Loan tenure & EMI
The tenure of Home Loan ranges from 1 to 10 years. The term however does not extend 75 years for practicing professionals.
The size of EMI depends on:
- Quantum of loan
- Interest rate applicable
- Loan tenure
Special payment schemes:
One can enjoy the exclusive 'Regressive Payment Scheme' if one is a home loan seeker due for retirement within the term of the loan and have applied jointly with an eligible One Younger co-applicant.
One can prepay the loan, ahead of the contracted schedule in part or full, subject to payment of nominal fees / charges as stipulated by OCHFL from time to time.
Our existing Fixed Prime Lending Rate (RPLR) – 15 % Applicable ROI: FPLR +2% i.e 17 %
Check your eligibility criteria and EMI using the links below.
