Oriental Bank of Commerce Personal Loan

Oriental Bank of Commerce star star star star star 4.0 / 5.04 users

Oriental Bank of Commerce personal loan can shut out your financial troubles by making ready-funds available to deal with economical urgencies. The Oriental Bank of Commerce (OBC) is one of the leading public sector banks in India which was established in Lahore, Pakistan. The bank offers personal loan for employees, both corporate as well as government in order to let them meet expenses like purchasing durables, electronics, family functions, education fees, marriage, etc.

Our website, Loanbaba.com will provide you all details about personal loan Oriental Bank of Commerce.

Oriental Bank of Commerce Personal Loan Details Updated on 19th September 2018
Loan Amount Maximum Rs. 5 lakhs
Loan Tenure 6 Months to 5 years
Interest Rate 11.80% p.a.

Why Choose Oriental Bank of Commerce Personal Loan?

  • The advantage of this loan is its same interest throughout the duration.
  • Simple documentation is needed and the personal loan in Oriental Bank of Commerce then gets processed faster.
  • The customers can pay off the loan in easy instalments every month and can repay it via auto debit or PDC or ECS.
  • You can check out Oriental Bank of Commerce personal loan eligibility and Oriental Bank of Commerce Personal Loan EMI calculator at Loanbaba.com.

Features of Personal Loans at Oriental Bank of Commerce

The following key points will help you understand the features and benefits of the personal loans:

  • The applicant can visit to any branch of the bank to apply for the loan. Also he/she can directly call phone banking line to contact with them and the bank will send their representative to the place of applicant for sorting all the formalities.
  • The bank offers personal loan at attractive rates and flexible loan amount. The documentation is nominal and repayment is quite easy.
  • The maximum personal loan offered by the bank is Rs. 5 lakh. In case of pensioners, it is Rs. 2 lakh.
  • Guarantor is required for availing OBC personal loan.
  • The loan tenure is 60 month in general and 36 months in case of pensioners or 70 years of age whichever is earlier.

Types of Oriental Bank of Commerce Personal Loans

Oriental Bank of Commerce has personal loan schemes for professionals and salaried individuals. The amount taken as loan can be used for either multiple or specific purposes.

Why Apply for Oriental Bank of Commerce Personal Loan Online?

At Loanbaba, you can compare and apply for personal loans online. You can check out several personal loan schemes by OBC and go through all their features such as quantum of loan, amount of loan, processing fees, interest rates, and other conditions, at one page. You can also quickly apply for Oriental Bank of Commerce Personal Loan online on the bank’s official website without having to visit the branch. It is simple and easy, and you can upload all the required documents online. Disbursal is done at the soonest, and you can keep a track of your loan application on the website.

Oriental Bank of Commerce Personal Loan Interest Rates

Personal Loan Oriental Bank of Commerce interest rate starts at 11.80% p.a., but varies as per individual profile. Keep a check on this page to note the updated Oriental Bank of Commerce personal loan interest rate for the current year.

Oriental Bank of Commerce Personal Loan Eligibility Calculator

Personal loan eligibility may differ from one candidate to another. You can also use free-of-cost Oriental Bank of Commerce personal loan eligibility calculator at Loanbaba.com. The eligibility criteria for Oriental Bank of Commerce personal loan are discussed below:

  • The applicant for personal loan Oriental Bank of Commerce needs to meet the age requirement and possess all necessary identity and income proof required to apply for the loan.
  • He/she meet the requirement for credit score and should not be under too many debts.

Oriental Bank of Commerce Personal Loan FAQs

Below provided are important questions about personal loan OBC.

  • addFAQs
    1. What are the factors that affect eligibility for Oriental Bank of Commerce personal loan?
    2. Below given are factors affecting eligibility for personal loan OBC.

      • Residence: Applicant living in metro city has greater chances of loan being sanctioned. The bank gives preference to house owners as they need not to pay house rent and hence disposable income is high.
      • Income: Applicant with higher income is eligible for a high value of loan.
      • Age: Banks generally hesitate in giving job to young applicants as they have lesser job stability due to the reason that they switch jobs very often.
      • Type of employment: The self employed professionals need to produce much work experience for the same amount of loan than salaried individuals.
    3. What is the Oriental Bank of Commerce personal loan eligibility?
    4. The OBC personal loan eligibility criteria are given below.

      For working applicants

      • Profile: The applicant needs to be a confirmed permanent employee of a PSU (Public Sector Undertaking), central government, state government or any other government institution whose salary is being credited into respective Oriental Bank of Commerce bank account.
      • Age: Applicant needs to be at least 21 years of age
      • Salary: The minimum net monthly salary of the employee should be more than Rs. 10,000
      • Conditions: The net salary should not be less than 30% of the gross salary after the deduction of proposed loan EMI.

      For Pensioners

      • Age: Applicant should not be more than 68 years of age.
      • Profile: Bank’s pensioners are also eligible for this scheme unless they have any disciplinary action pending against them.
      • Conditions: The net pension should not be less than 50% of gross pension after the deduction of proposed loan EMI.
    5. What is the importance of employment status and credit score to avail OBC loan?

    The bank gives preference to those who are working in the same organization for a longer period of time. It also looks upon the CIBIL score and credit history of the applicant before going further. CIBIL has a significant impact on amount of loan as well as eligibility.

Oriental Bank of Commerce Personal Loan


Personal Loan
star star star star star 15.0/5
I have a Personal Loan with Oriental Bank of Commerce. The loan disbursement was on time and document procedure was quick. I would say it was a satisfactory experience.
Mumbai September 18, 2018
Personal Loan
star star star star star 14.0/5
As I was holding a savings account with Oriental Bank of Commerce they gave me personal loan for which the entire documentation process was very less. It was a quick disbursement procedure.
Mumbai September 17, 2018
Personal Loan
star star star star star 15.0/5
I had taken a personal loan in Delhi and thankfully the amount I required was completely approved and disbursed. Excellent work.
Mumbai September 16, 2018
Personal Loan
star star star star star 14.0/5
No compromises, best personal loan in Delhi service by Oriental Bank of Commerce.
Mumbai September 15, 2018

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