POSTED BY January 31, 2014 3:04 pm ONE COMMENTON
I saw advertisement today on CNBC that Oriental Bank Of Commerce offers Home Loan upto 30 Years (360 Months). I have not spoken to Bank, but I went to their website, buy couldn’t get enough details except the following :
For Home Loan -Upto 360 months, including the moratorium period of 18 months subject to age of dwelling unit
Age of swelling unit less than 10 Years -Maximum 30 Years
Age of dwelling Unit Older than 10 Years -Maximum 25 Years
For Home Furnishing Loan-Maximum 120 months
My query is –
1. What is “Swelling Unit” here.
2. Can you plz also let me know If you have any information on necessary “Terms and Condition” on the 30 Years tenure. Is it really possible to get 30 Years home loan??