OBC offers home loan at 7.5 per cent

The Oriental Bank of Commerce on Friday reduced its home loan interest rate to 7.5 per cent for the salaried class.

The bank would offer a package to employees of government, semi-government, public sector undertakings, banks and reputed private sector companies at 7.5 per cent on floating rate basis for five years and at eight per cent for a tenure between five and 20 years, a bank release said in Delhi.