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. 60,00,000-/ 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
- Assets
- Liabilities
- Saving habits, and more
Loan tenure & EMI
The tenure of your Home Loan ranges from 1 to 15 years. The term however does not extend beyond the retirement age or 60 years whichever is earlier (65 years for self-employed individuals).
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 Retail Prime Lending Rate (RPLR) - 18%. Applicable ROI: RPLR-4% i.e. 14 %
Check your eligibility criteria and EMI using the links below.
