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Oriental Bank Of Commerce Personal Loan

(Updated on 08.05.2019) Oriental Bank Of Commerce Personal Loan May 2019 – Get Instant Quick & Easy Approval on OBC Personal Loan. Loansninsurances.com provide a simple tool to calculate your Personal Loan EMI on the basis of ✓ Interest Rate ✓ Loan Tenure ✓ Processing Fee ✓ Eligibility ✓ Best Offers & more.

ORIENTAL BANK OF COMMERCE PERSONAL LOAN – QUICK, EASY & INSTANT APPROVAL ONLINE

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Oriental Bank of Commerce Personal Loan

Oriental Bank Of Commerce Personal Loan is the unique and widely favored personal loan among borrowers to fund their critical financial crisis at any point in time. OBC Personal Loan has been craft fully designed at the best-in-class rate of interest to meet personal or family expenses, for a purchase of consumer durables, gold/gold ornaments, travels expenses, medical treatments, etc. OBC Personal Loan Eligibility Calculator helps you to know your personal loan eligibility at the quickest & effective way.

Oriental Bank Of Commerce Home Loan can also be availed at an affordable and flexible rate of interest that can turn your dream of owning a home into reality.

Oriental Bank of Commerce Personal Loan Interest Rates

Interest Rate 11.80% onwards
Processing fee range 0.50% of loan amount or a minimum of Rs. 500/- plus S.T
Loan Amount Min. 1.5 lac to Max. 3 lacs
Tenure 60 months

Oriental Bank of Commerce Personal Loan Interest Rates Details

Personal Loan Schemes  Interest rates 
Govt. (Central/State) & PSU Employees (Salary accounts in OBC) MCLR+2.25%=10.85%
Corporate Employees MCLR+3.25%=11.85%
Personal Loan to Pensioners  MCLR+1.75%=10.35%
Personal Loan to BSNL Employees MCLR+1.75%=10.35%
Personal Loan to Central Govt./PSU Employees (without Salary account in OBC)
  • Overdraft: MCLR+2.50%=11.10%
  • Term Loan: MCLR+2.25%=10.85%
  • Customers can avail 0.25% concession if salary account is maintained with us.
Personal Loan to DMRC Employees
  • Overdraft: MCLR+2.00%=10.60%
  • Term Loan: MCLR+1.75%=10.35%
  • Customers can avail 0.25% concession if salary account is maintained with us.
Personal Loan to Military/Paramilitary Employees  

  • Overdraft: MCLR+2.00%=10.60%
  • Term Loan: MCLR+1.75%=10.35%
  • Customers can avail 0.25% concession if salary account is maintained with us.
Personal Loan to Maruti Udyog Employees
  • Overdraft: MCLR+2.50%=11.10%
  • Term loan: MCLR+2.25%=10.85%
  • Customers can avail 0.25% concession if salary account is maintained with us.

Oriental Bank of Commerce Personal Loan EMI Calculator

Oriental Bank of Commerce Personal Loan EMI Calculator

Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Home loan emi within seconds.
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Monthly EMI
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Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

Oriental Bank of Commerce Personal Loan Eligibility

  • A permanent and regular employee in Center / State Govt. Dept. and other institutions like Universities, Schools / College, PSUs, reputed hospitals, and well established corporate.

  • Professionals and doctors shall also be eligible for personal loans.

  • Minimum 3 years of service, including service with the previous employer(s), if any.

  • The net monthly salary should not be less than Rs 6,000/-.

Oriental Bank of Commerce Personal Loan Documents Required

  • Application form with 1 photograph

  • Identity proof: Passport Copy/ Voters ID card/ Driving License/PAN card/Aadhar Card/Overseas Citizen of India card/Person of Indian Origin card

  • Address (Residence) Proof: Valid Passport/Voter’s ID card/Food Card (Ration Card)
    Lease Deed/ Rent agreement Copy/ Property Registration Document in the name of the Customer

  • Latest IT Return/Original Letter from Company/Telephone/Electricity Bill

  • Age proof: PAN Card, Passport copy

  • Signature Proof: PAN Card, Driver’s License, Passport copy, Banker’s attestation of Bank Account Statement

  • Ownership Proof: Electricity Bill, Water Bill, Sales Deed, Receipt of Tax paid

  • Income details: Last 3 months’ payslips and Form 16

  • For the last 6 months bank account statements

Oriental Bank of Commerce Personal Loan Prepayments: No pre-payment penalty will be charged.

Oriental Bank of Commerce Personal Loan MCLR May 2019

Loan Tenure MCLR
Overnight 8.30%
1 Month 8.45%
3 Months 8.50%
6 Months 8.70%
1 Year 8.75%

 Oriental Bank of Commerce Personal Loan FAQ

Q1) What is the maximum loan tenure of Oriental Bank of Commerce personal loan?
The maximum loan tenure of Oriental Bank of Commerce personal loan is 60 months.
Q2) Can an applicant choose between fixed or floating interest rate?
Yes, an applicant has the option to avail Oriental Bank of Commerce personal loan with either a fixed interest rate or floating rate.
Q3) Does the borrower has the option to prepay the loan amount?
Yes, the borrower has the option to prepay Oriental Bank of Commerce personal loan amount without any prepayment penalty.
Q4) Do an applicant needs to provide security to apply for Oriental Bank of Commerce personal loan?
No security is required to apply for Oriental Bank of Commerce personal loan.