The application process for availing of a home loan from OBC bank is very easy to follow, especially if one takes the online application process route. Here are the steps to be followed for OBC bank home loan application:
- Visit the website or branch of an authorised channel partner of OBC bank. Fill in the application form with loan requirements, property details, personal details, occupation details and all relevant personal information.
- An OBC bank employee or online partner will reach out to the applicant to discuss the eligibility of the home loan and explain the loan rates, terms along with processing fees or other charges.
- Once the borrower agrees to proceed with the home loan application, he/she has to submit income and property documents online or request an OBC bank’s representative to visit for the collection of documents.
- OBC bank will then ask the applicant to submit the processing fees and it may take a few days to carry out a credit appraisal as well as technical evaluation of the property.
- If an applicant is eligible and the property qualifies for a home loan, the applicant is issued a sanction letter by OBC bank. The applicant then has to sign a loan agreement with the bank.
- In the last step, the home loan is disbursed to the applicant’s account.
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OBC bank offers home loans at attractive interest rates starting from 7.35%. The bank has a fast approval process and attractive terms when it comes to home loans. Existing customers can avail of attractive discounts on home loans from OBC bank.