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Oriental Bank Personal Loan Details

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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, will provide you all details about personal loan Oriental Bank of Commerce.

Oriental Bank of Commerce Personal Loan Details Updated on
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

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 CommercePersonal 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 CommercePersonal Loan?

Loanbaba provides comprehensive information about personal loan schemes by OBC. Keep a note of this page to stay updated with recent information on this bank loan scheme. You can also quickly apply for this loan online on the bank's official website without having to visit the bank 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 CommercePersonal 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 Commercepersonal loan interest rate for the current year.

Oriental Bank of CommercePersonal 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 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 Personal Loan FAQs

Below provided are important questions about personal loan Oriental Bank.

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.

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.

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.

Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of Oriental Bank.

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