Oriental Bank of Commerce Home Loan Key Features
| Feature | Value |
| Interest Rate | 6.90% |
| EMI / Lakh | Rs. 662 |
| Loan Tenure | Up to 30 years |
| Loan Amount | Percentage based on property value |
| Loan to Value Ratio | Up to 90% of property value |
| Loan Available on the Following Types of Property |
|
| Special Offer for Women | Interest rate concession of 0.05% |
| Processing Fee | Up to 0.5% of loan amount excluding GST |
| Prepayment Charges | No prepayment charges for floating rates |
| Part Payment Charges | Nil |
| Guarantor Required | Nil |
Please Note: The above figures are only indicative and are subject to change without any prior notice.
Oriental Bank of Commerce Home Loan Interest Rate
| Oriental Bank of Commerce Home Loan Schemes | Interest Rate For Women | Interest Rate for Others |
| Oriental Bank of Commerce Home Loan | 6.90% – 7.95% | 7.00% – 8.00% |
| Oriental Bank of Commerce Reach Loan | 8.75% – 14.00% | 8.75% – 14.00% |
| Plot Loan | 7.05% – 8.05% | 7.10% – 8.10% |
| Rural Housing Loan | 6.90% – 8.70% | 7.00% – 8.70% |
| Home Improvement Loan | 6.90% – 7.95% | 7.00% – 8.00% |
| Home Extension Loan | 6.90% – 7.95% | 7.00% – 8.00% |
| Home Loan Top Up | As per home loan slabs | As per home loan slabs |
| Home Loan Balance Transfer | 6.90% onwards | 6.90% onwards |
Please Note: The above rates and values are floating in nature and are based on adjustable rates. These are subject to change at the time of loan disbursement.
Oriental Bank of Commerce Home Loan Interest Rates and Offers
Since a home loan is for a much longer period of time than most loans, the possibility of a balance reversal is expected to be greatest. And if you’re currently paying EMIs on a home loan with a higher interest rate than OBC, now is the time to adjust the outstanding loan balance here to reap the advantages of lower EMIs and lower interest repayments over the life of the loan.
Oriental Bank of Commerce Home Loan Interest Rates
| Particulars | Details |
| Home Loan Interest Rate | 6.80% – 7.85% |
| Loan Amount | Up to 75%-90% of the property value |
| Loan Tenure | Up to 480 months, plus the 18-month moratorium period |
| Processing Fee | 0.50 per cent of the loan volume, up to a limit of INR 20,000 plus GST if applicable |
| Prepayment Charges | NIL |
Oriental Bank of Commerce Home Loan Eligibility Criteria
Salaried Individual:
- The applicant’s nationality should be Indian.
- The applicant must be between the age group of (Minimum) 18 years to (Maximum) 65 years.
- Must have working experience and a legitimate source of salary i.e working under the same employer for at least one year.
Self Employed Individual:
Applicants who are not professionally engaged in the working sector but have their own source of steady income are also eligible for the Oriental Bank of Commerce Home Loan. This includes everybody who is a:
- Traders
- Commission agent
- Contractors
The following criteria must be met to apply for a home loan:
- The applicant’s nationality should be Indian.
- The applicant must be between the age group of (Minimum) 18 years to (Maximum) 65 years.
Self Employed Professionals:
Applicants who are professionally engaged in the working sector are also eligible for the Oriental Bank of Commerce Home Loan. This includes everybody who is a:
- Doctors
- Lawyers
- Charted Accountant
- Architect
- Consultant
- Engineer
- Company Secretary
The following criteria must be met to apply for a home loan:
- The applicant’s nationality should be Indian.
- The applicant must be between the age group of (Minimum) 18 years to (Maximum) 65 years.
Additional Criteria for Co-applicants:
- Co-applicant must be a family member of the primary applicant.
- All co-applicants are not required to be the co-owners of the property.
Please find more information on Eligibility by visiting Dialabank.
Oriental Bank of Commerce Home Loan Documents Required
Salaried Individual:
Valid ID and Residence Proof: A copy of Proof of Identity and Residence such as Aadhaar, PAN, Driving License, Passport, Voter ID, etc.
Income Proof:
- Bank Statements showing salary credits from the last 6 months.
- Latest Salary Slips from the last 3 months.
- Latest Form-16 and IT returns
- Employment Contract/Appointment Letter if the current employment is less than a year old.
Property Related Documents:
- A cheque for processing fee favouring ‘Oriental Bank of Commerce.’
- Copy of the Buyer Agreement/Allotment Letter
- Receipt/(s) of payment/(s) made to the developer
Self Employed Individual:
Valid ID and Residence Proof: A copy of Proof of Identity and Residence such as Aadhaar, PAN, Driving License, Passport, Voter ID, etc.
Income Proof:
- Bank Statements showing salary credits from the last 6 months.
- Business Profile and Previous 3 years Income Tax returns (Both self and business)
- Previous 3 years Profit/Loss Account and Balance Sheet.
Proof Of Business:
- Educational Qualifications Certificates
- Business achievements (Certificate or awards if any)
Property Related Documents:
- A cheque for processing fee favouring ‘Oriental Bank of Commerce.’
- Copy of the Buyer Agreement or Allotment Letter
- Receipt/(s) of payment/(s) made to the developer
Agriculturists:
KYC Proof – PAN Card (Mandatory) and any Driving License/Voter ID/Passport
Income Proof:
- Bank Statements showing salary credits from the last 6 months.
- Copies of title documents of agricultural Land showing crops being cultivated
Property Related Documents:
- A cheque for processing fee favouring ‘Oriental Bank of Commerce.’
- Copy of the Allotment Letter / Buyer Agreement
- Receipt/(s) of payment/(s) made to the developer
Additional requirements for Co-applicants:
Passport size photograph of all co-applicants to be affixed on the Application Form and signed across
Common Documents for Salaried and Self-Employed
| Terms | Salaried | Self Employed |
| Application Form with photo and signed by Primary Borrower and Co-borrower(s) | ✔ | ✔ |
| Identity Proof of Primary Borrower and Co-borrower(s) – PAN Card (Mandatory) | ✔ | ✔ |
| Residential Address proof of Primary Borrower and Co-borrower(s) – Any one of passport, Aadhaar card, voter I card, landline bill, registered rent agreement, driving license, bank statement or passbook or utility bill. Bills and statements must not be more than 3 months old | ✔ | ✔ |
| Office address – ownership/ lease / rent agreement/ utility bill | ✔ |
Different Home Loan Schemes By Oriental Bank of Commerce
Oriental Bank of Commerce Home Loan – For Resident Indians
This type of loan is specifically for those individuals who are Indian residents and require funds to purchase a house or a plot for further construction.
| Specific Information for Home Loan Scheme | |
| Eligible Profiles | Available to Salaried and Sef-employed Individuals |
| Loan Amount | Up to 90% of the value of Property |
| Interest Rate | 6.90% onwards |
| Processing Fee | Up to 0.50% of the loan amount or Rs. 3,000 (whichever is higher) + GST |
| Loan Tenure | 30 years |
Oriental Bank of Commerce Home Loan for NRI/PIO – For NRIs and PIOs
This type of loan is available to those who are NRIs, PIO, and OCI. The loan helps the individual who is willing to:
- Purchase a flat, row house, bungalow in India from private developers in approved projects.
- Properties can be purchased from Development Authorities such as DDA, MHADA, etc.
- Construct on a plot allotted by a Development Authority in India or a freehold/leasehold plot.
- Properties can be purchased in an existing Co-operative Housing Society, Apartment Owners Association, Development Authorities settlements, or privately built-up homes.
Oriental Bank of Commerce Plot Loans – For Buying a New Plot
This type of loan is specifically established for those individuals who are looking to purchase a new plot. This loan supports buying a new direct allotment plot or a plot from the resale.
| Specific Information for Plot Loan Scheme | |
| Eligible Profiles | Available to Salaried and Sef-employed Individuals |
| Loan Amount | Up to 80% of the value of Property |
| Interest Rate | 6.90% onwards (0.05% concession to women) |
| Processing Fee | Up to 0.50% of the loan amount or Rs. 3,000 (whichever is higher) + GST |
| Loan Tenure | 15 years |
Oriental Bank of Commerce Top Up Loans – For Oriental Bank of Commerce Home Loan Borrowers
This scheme helps the borrowers to get additional funding over their already opted home loan. The funds from this scheme can be used for various personal and business purposes.
| Specific Information for Top-Up Loan Scheme | |
| Eligible Profiles | Available to Salaried and Sef-employed Individuals |
| Loan Amount | Up to 90% of the value of Property |
| Interest Rate | New Customer – 6.90% onwards
Existing Customer – As per Home Loan Slabs |
| Processing Fee | Up to 0.50% of the loan amount or Rs. 3,000 (whichever is higher) + GST |
| Loan Tenure | 15 years |
Oriental Bank of Commerce Home Extension Loans – For Adding Space in Your Home
This type of loan is specifically for those individuals who want to extend or add space to their home property.
| Specific Information for Home Extension Loan Scheme | |
| Eligible Profiles | Available to Salaried and Sef-employed Individuals |
| Loan Amount | Up to 90% of the value of Property |
| Interest Rate | 6.90% onwards |
| Processing Fee | Up to 0.50% of the loan amount or Rs. 3,000 (whichever is higher) + GST |
| Loan Tenure | 20 years |
Oriental Bank of Commerce Home Loan Balance Transfer – For All Home Loan Borrowers
Oriental Bank of Commerce Home Loan Balance Transfer is available to those customers who are willing to lower their repayments.
| Specific Information for Home Loan Balance Transfer Scheme | |
| Eligible Profiles | Available to Salaried and Sef-employed Individuals |
| Loan Amount | Up to Rs. 50 Lakhs |
| Interest Rate | 6.90% onwards |
| Processing Fee | Up to 0.50% of the loan amount or Rs. 3,000 (whichever is higher) + GST |
| Loan Tenure | 30 years |
Oriental Bank of Commerce Home Loans under Pradhan Mantri Awas Yojana
This type of loan is specially established for EWS/LIG, families under MIG-I, and MIG -II categories. The validity of this scheme is up to 31 march 2022 (EWS/LIG), 31 march 2021 (Families under MIG-I and MIG -II categories).
| Specific Information for Home Loan Pradhan Mantri Awas Yojana Scheme | |
| Eligible Profiles | Available to EWS/LIG, MIG-I, and MIG -II |
| Loan Amount | No Cap |
| Interest Subsidy | 3.00% onwards |
| Maximum Subsidy | Up to Rs. 2.67 Lakhs |
| Loan Tenure | 20 years |
Oriental Bank of Commerce Reach Loans – For Indians With Income Of At least Rs. 10,000 Per Month
This type of loan is specifically for those individuals who are Indian residents with an income of Rs. 2 Lakhs per annum. This loan can cover the costs of purchasing a new or already built house, a new plot for further construction, renovations, and extension or construction on both residential and non-residential properties.
| Specific Information for Reach Loan Scheme | |
| Eligible Profiles | Available to Salaried and Sef-employed Individuals |
| Loan Amount | Up to 80% of the value of Property |
| Interest Rate | 6.90% onwards |
| Processing Fee | Up to 2% of the loan amount + GST |
| Loan Tenure | 30 years |
Oriental Bank of Commerce Rural Housing Loans – For Indians Living in Rural Areas
This type of loan is specifically for those individuals who are agriculturists, planters, horticulturists, dairy farmers, and others who are living in remote areas and are willing to buy an under-construction property or a new residential property or an existing residential property in rural and urban areas. This loan is also eligible for individuals who are salaried or self-employed!
| Specific Information for Rural Housing Loan Scheme | |
| Eligible Profiles | Available to Salaried, Sef-employed Individuals and Agriculturists |
| Loan Amount | Up to 90% of the value of Property |
| Interest Rate | 6.90% onwards (0.05% concession to women) |
| Processing Fee | Salaried/Self-employed – Up to 0.50% of the loan amount or Rs. 3,000 (whichever is higher) + GST
Agriculturists/ Self-Employed Non-Professionals – Up to 1.50% of the loan amount or Rs. 4,500 (whichever is higher) + GST |
| Loan Tenure | 30 years |
Oriental Bank of Commerce Home Improvement Loans – For Covering Home Renovation Costs
This type of loan is specifically for those individuals who want to renovate their homes but are not able to do so due to a lack of funds.
| Specific Information for Home Improvement Loan Scheme | |
| Eligible Profiles | Available to Salaried and Sef-employed Individuals |
| Loan Amount | New Customer – Up to 90% of the estimates from improvements.
Existing Customer – Up to 100% of the estimates from improvements. |
| Interest Rate | 6.90% onwards |
| Processing Fee | Up to 0.50% of the loan amount or Rs. 3,000 (whichever is higher) + GST |
| Loan Tenure | 15 years |
Oriental Bank Commerce Home Loan Customer Care
Customers can dial the Oriental Bank of Commerce Customer Care number toll-free from any phone, whether a cell phone or a landline.
For general inquiries, dial the Oriental Bank of Commerce ATM card helpline number, Oriental Bank of Commerce debit card customer service toll-free number, and Oriental Bank of Commerce customer care toll-free number. Oriental Bank of Commerce debit card blocking customer service number and Oriental Bank of Commerce credit card blocking customer service number is also available.
Oriental Bank Of Commerce Pradhan Mantri Awas Yojana Subsidy 2021
The Government of India commenced the Pradhan Mantri Awas Yojana to encourage everybody to own a home. The scheme provides financial assistance to lower-income classes in society who receive less than 18 lakh rupees per annum by providing them with low-interest home loans. EWS (economically weaker section), LIG (lower-income group), MIG-1 (middle-income group-1), and MIG-2 (middle-income group-2) are the four income groups. On OBC home loans, PMAY provides a subsidy of roughly 2.67 lakh rupees. The OBC PMAY Home Loan has a 15-year maturity period. Applicants for a home loan with OBC that is qualifying for the PMAY subsidy will do so.
- Households earning between 6,00,001 and 12 lakhs a year are classified as Middle Income Group I.
- Households in the Middle Income Group-II have an annual income of between 12,00,001 and 18 lakh rupees.
- A family is described as a husband and wife, as well as their unmarried children.
- An adult earning member (regardless of marital status) may be considered a different household and be eligible for subsidy independently.
- Case of a married pair, one of the mates, or both of them together in shared possession, would be liable for a single home, based on the household’s income eligibility under the program
Compare Details of OBC with Other Banks
OBC provides a variety of home loan options with low interest rates. Before applying for a home loan, you must, however, compare various banks and their deals.
| Particulars | OBC | SBI | HDFC |
| Interest Rate | 6.95% – 7.75% | 6.70% – 7.05% | 6.75% – 8.20% |
| Processing Fees | Up to 0.50%
Max ₹ 20,000 |
Min ₹ 10,000 | Min ₹ 3,000 |
| Loan Tenure | 25 Years | 30 Years | 30 Years |
| Maximum Loan Amount | ₹ 3 Cr | ₹ 7 Cr | ₹ 5 Cr |
| Age | 18 – 60 Years | 18 – 70 Years | 24 – 65 Years |
| Benchmark Rate | RLLR | RLLR | PLR |
| Lowest EMI Per Lakh | ₹ 704 per lakh | ₹ 645 per lakh | ₹ 649 per lakh |
Oriental Bank of Commerce Home loan Procedure
Filling out an application form is the first step in getting a home loan. The application form is the most simple document. It requires you to include personal information such as your name, address, phone number, occupation, monthly and annual salary, and educational records. You may also provide information about the property you want to buy, the total cost of the home, and the amount of money you have available for a down payment. Please keep in mind that you must provide identification, proof of residence, income certificates, ITRs for the previous three years, financial accounts, and other documents with your submission.
Step 2: Record verification
The bank verifies the papers you send after they have been submitted. Banks get up to two days to check your paperwork, which is vital to the home loan process. You will also be invited to visit the bank and participate in a face-to-face interview during this period. This is the bank’s way of ensuring that you will be able to repay the loan within the agreed-upon time frame.
Step 3: Conduct a background investigation.
The bank performs an impartial background check on the borrower’s credentials in addition to checking the records. To that end, the bank could conduct an investigation based on the information you provided in the application form, such as your previous and current residential addresses, your place of employment, your employer’s credentials, office contact information, and so on.
Step 4: Complete the free payment process
The housing loan process starts until the bank is persuaded of your ability to repay the loan. You will be required to pay a transaction fee, a sum collected by the bank to process your loan application. As payment fees, banks usually bill 0.25 per cent to 0.50 per cent of the principal loan sum plus applicable GST. Because of the investigations undertaken to verify your eligibility and the valuation and search of the proposed property, the bank charges a processing fee. This does not imply that your loan has been accepted.
Step 5: Loan issuance procedure.
The bank now determines whether to accept or refuse your application, which is by far the most crucial step in the whole home loan process. To avoid having your loan denied, you must have all of the necessary paperwork on time. The borrower will learn the actual loan sum that the bank will accept and the interest rate that paid over different terms. The bank sends you an official authorization letter stating that your loan has been authorized, including this information.
Step 6: Complete the property paperwork.
You must send the original property papers to the lending bank after receiving the official authorization letter accepting the loan, which will remain in the bank’s possession until the loan is fully repaid. The original property records usually contain the whole chain of ownership acquisition and transactions in order before the execution of your Sale Agreement, applicable NOCs from relevant jurisdictions, as well as the seller’s name, ID, and address evidence, among other things. Before accepting the loan, the bank verifies the property records.
Step 7: Loan disbursal
The loan disbursement stage is the final phase in the entire housing loan process. This involves registering the loan contract, which entails the borrower/s accepting the Terms and Conditions of Sanction, signing the loan agreement/documents, and disbursing the loan according to the terms specified in the Sale Agreement, including down-payment.
Advantages of Oriental Bank of Commerce Home Loan
Oriental Bank of Commerce Home Loan is a saviour to those who require financial support relating to homes and plots. It offers the following:
- A huge variety of home loan schemes.
- The most helpful Pradhan Mantri Awas Yojana is also available.
- Provide a 0.05% concession to women to encourage them for their own homeownership.
- Provide several repayment methods to choose from and opt for the one best suited to you.
- Full transparency as Oriental Bank of Commerce promises no hidden costs and fees.
- Easy application with minimum documentation and paperwork.
- Provides loan approval before the selection of the property.
Oriental Bank of Commerce Home Loan charges and fees
| Particulars | Charges |
| Processing Fees | Salaried Individuals: 0.50% of the loan amount or Rs. 3,000, whichever is higher Self Employed Professionals: 0.50% of the loan amount or Rs. 3,000, whichever is higher Self Employed Non-Professionals: Up to 1.50% of the loan amount or Rs. 4,500, whichever is higher |
| Prepayment charges | No prepayment charges for floating rates |
| Check dishonour charges | Up to Rs. 200 |
| List of documents | Up to Rs. 500 |
| Photocopy Of documents | Up to Rs. 500 |
| PDC Swap | Up to Rs. 200 |
| Disbursement cheque cancellation charges post disbursement | Up to Rs. 200 |
| Increase/Decrease in the loan term | Up to Rs. 500 |
| Re-appraisal of loan post 6 months from sanction | Up to Rs. 2,000 |
Please Note: The above figures are only indicative and are subject to change without any prior notice.
Oriental Bank Commerce Home Loan Customer Care
Customers can dial the Oriental Bank of Commerce Customer Care number toll-free from any phone, whether a cell phone or a landline or Contact Dialabank at 60011600.
For general inquiries, dial the Oriental Bank of Commerce ATM card helpline number, Oriental Bank of Commerce debit card customer service toll-free number, and Oriental Bank of Commerce customer care toll-free number. Oriental Bank of Commerce debit card blocking customer service number and Oriental Bank of Commerce credit card blocking customer service number is also available.
How to apply for the Oriental Bank of Commerce Home Loan
- Visit Dialabank for a Home Loan.
- Go to the Oriental Bank of Commerce Home Loan page.
- Check out all the eligibility and document criteria for a Home Loan.
- Fill out all the details required in the Home Loan application form.
- Once done, our representative will soon contact you for a further stress-free process.
Oriental Bank of Commerce Home Loan EMI Calculator
Other Loan Products from Oriental Bank of Commerce
| Oriental Bank of Commerce Personal Loan | Oriental Bank of Commerce Gold loan | Oriental Bank of Commerce Car Loan |
| Oriental Bank of Commerce Two Wheeler Loan | Oriental Bank of Commerce Education Loan | |
Oriental Bank of Commerce Home Loan FAQ
✅ How to repay my Oriental Bank of Commerce home loan?
There are different payment methods through which you can repay your Oriental Bank of Commerce home loan, this can be done:
- By issuing Standing Instructions to pay the loan instalments through Electronic Clearing System.
- By opting for direct deduction of monthly instalments by your employer.
- By issuing post-dated cheques from your salary account.
✅ When can you apply for an Oriental Bank of Commerce top-up loan?
A year after the disbursement of the existing loan amount and the possession or completion of the financed property.
✅ In the case of prepayment is made, is there any change in home loan EMI?
Oriental Bank of Commerce accepts a prepayment at nil charges in case of floating rate home loans. When a prepayment is made, the outstanding balance of the principal amount on your home loan gets reduced.
✅ What is the maximum loan amount from the home loan can I get on my salary?
A customer can get the loan amount on his/her salary, depends on their repayment capacity. To determine the repayment capacity the following variables are considered: age, the number of dependants, credit history, education qualification, current liabilities, etc.
✅ What is a Floating Interest Rate?
Floating interest rates are different from the fixed rates, the rates are not the same throughout the loan tenure. It may vary with the change in the lender’s benchmark rate.
✅ How Dialabank can help you get a Home Loan?
Dialabank is a bridge to find the best option between several Banks and NBFCs by providing you with a detailed and structured market comparison of different banks. This eliminates the unnecessary worries about the complex information and process you have to go through if you choose to search and applying by own.
✅ How the rate of interest will change if the interest rate is linked to PLR?
Home Loan Interest Rate is linked to PLR, and any change in PLR will lead to a change in rates of interest on the home loan. Interest rates on home loan account will rise or fall with the increase or decrease of PLR, proportionately.
✅ Who is a Co-obligate or Guarantor?
Co-obligate or guarantor is an individual who undertakes to re-pay the bank loan in case the principal borrower fails. The amount of his liability will be the same as that of the principal borrower and the Bank can take strict actions against him for recovery along with the principal borrower. Guarantor can’t say that his liability will start only after the remedies against the principal borrower are exhausted.
✅ Is there an option for pre-closure of a loan account?
A pre-closure option is also available and charges will be levied at rates as decided by the lender
✅ Does missing an instalment effects CIBIL?
Non-payment of EMIs as per terms and conditions will adversely affect the credit rating of the borrower.
✅ Are there any penalty Charges?
Penalty charges of 2% will be levied on the instalment amount unpaid.
✅ How is the calculation of interest rates is done?
Interest rates are charged on a daily balance method and are debited once a month in your loan account. A 2% penalty on the unpaid Installment amount will be charged.
News
Bank of Baroda, Kotak Mahindra Bank offer the lowest interest rates on home loans
Interest rates on home loans can continue to be minimal, as the Reserve Bank of India (RBI) signaled in its monetary policy announcement for 2021-22 that it would maintain its accommodative stance. The revival of the COVID-19 pandemic may also help to keep interest rates under control in the economy.
Kotak Mahindra Bank (6.65%) continues to be the lender with the lowest home loan interest rates among banks and housing finance firms. On the ranking, it is ahead of Bank of Baroda (6.75%) and Punjab National Bank (6.8%).
Larger financial institutions The State Bank of India (SBI) and HDFC are now providing home loans worth more than Rs 75 lakh with a term of up to 15 years.
Know the Process and Benefits of a Home Loan Balance Transfer
A home loan is a large-ticket, long-term financial instrument that provides enough liquidity that is often repaid over ten to two years. If you are faced in a costly loan contract, it can be difficult for your finances due to the lengthy maturity period. For example, the mortgage interest rate could be far higher than what is currently available. You can do a home loan balance transfer and refinance your loan on more cost-effective terms if you find yourself with a less-than-ideal home loan and know of better alternatives.Here’s a rundown of the advantages and steps involved in resolving a home loan balance
For higher sums and increased tax incentives, apply for a joint home loan
Finding the perfect property and saving money for a down payment on a home loan are only a few of the challenges and decisions involved in fulfilling your goal of buying a home. However, several people are unable to obtain the amount of home loan they need. Any borrowers are turned down because they do not fulfil the loan eligibility requirements set out by different lenders. This is where bringing in a co-applicant will save the day. Including a co-applicant will also provide you with potential advantages.
Why are home loans with fixed interest rates too unpredictable?
The interest rate on a home loan in India is currently at its lowest level, at 6.70 per cent. Many consumers are scrambling to get their interest rates set at steady prices, as this allows for easier financial management during the loan’s initial term. This is due to the fact that homeowners can accurately predict their equated monthly instalments (EMIs) and therefore repay their home loans more quickly. Fixed-rate home loans are typically priced at a higher interest rate than floating-rate home loans and are mostly aimed at the non-resident Indian (NRI) population.
