Loan for New Home
Dreaming of Constructing or Purchasing a House? Then let your dream come true immediately & effortlessly. You can benefit from affordable OCHFL Home Loans if you are seeking a home loan as an Individual.
Amount of loan
You can avail a Home Loan of up to Rs. 90, 00,000-/ but not exceeding 80% of the cost of property / estimate. The actual loan amount is determined taking into account factors like :
- Repayment capacity
- Educational qualifications
- Stability and continuity of income
- Number of dependents
- Co-applicant's income
- Saving habits etc.
Loan tenure & EMI
The tenure of your Home Loan ranges from 1 to 20 years. The term of loan however does not extend beyond 75 years age of customer. The size of EMI depends on :
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 (FPLR) - 15%. Applicable ROI: FPLR-1% i.e. 14 %
Check your eligibility criteria and EMI using the links below.