Top Banks 2024
Oriental Bank of Commerce Agra
Last Updated : Jan. 12, 2019, 10:31 a.m.
About Oriental Bank of Commerce
Oriental Bank of Commerce (OBC), a public lender with more than 1,000 branches, is the common introduction of the 1943-founded bank. But the history of the bank is nothing short of a thrilling one. The bank was set up by Raja Bahadur Lala Sohan Lal in Lahore. Within 4 years of the foundation, the partition happened and resulted in the forced closure of the branches in the newly formed Pakistan. In addition, it had to shift its registered office to Amritsar from Lahore. The bank has had to go through a series of ups and downs before establishing itself in the banking space. The period of 1970-76 was the most challenging for the bank as it had to face the diminishing margins and at one point it came down to as low as ₹ 175. This made the then Chairman Lala Karam Chand Thapar to think about closing or selling the bank. But this is where the employees and the owners showed solidarity and bailed the bank out of the choppy waters. The good fate welcomed the bank which was nationalized on April 15, 1980. Years later, OBC acquired Punjab Cooperative Bank and Bari Doab Bank, resulting into the addition of branches.
Agra, a culturally rich city housing India’s heritage Taj Mahal, has about 10-15 branches here. The branch executives are ready to take up your queries and can offer you valuable suggestions regarding the products that are available at Oriental Bank of Commerce. The details of OBC branches can be found below.
Oriental Bank of Commerce Agra Branches
| Branch Name | Complete Address | IFSC | MICR | Contact Detail |
|---|---|---|---|---|
| Chhipitol | 9A, M G Road, Chhipitol, Opp Distt Hospital, Agra, Uttar Pradesh-282001 | ORBC0100194 | 28202200 | 0562-2265849 |
| Loha Mandi | 251 Jaipur House, Loha Mandi, Agra, Uttar Pradesh-282010 | ORBC0100383 | 282022005 | 0562-2810290 |
| Sanjay Place | E 15/8, Prince Tower, Sanjay Place, Agra, Uttar Pradesh-220001 | ORBC0100842 | 282022004 | 0562-2522354 |
| Sikandra-Bodla Road | Dr.Maria Res. Academic Campus, Sikandra Bodla Road, Agra, Uttar Pradesh | ORBC0100899 | 282022006 | 0562-2275376 |
| Bank Colony | Bank Colony, Opposite Subhash, Park, 71-A.M.G. Road, Agra, Uttar Pradesh-282010 | ORBC0101020 | 282022007 | 0562-2263629 |
| Kamla Nagar | D-507, Hotel Woodland, Building, Kamla Nagar, Agra, Uttar Pradesh-282002 | ORBC0101186 | 282022009 | 0562-2580636 |
| Tehsil Sadar | Tehsil Sadar, Opposite Police Station, Agra, Uttar Pradesh-282001 | ORBC0105239 | 282022008 | 0562-2217085 |
| Fatehabad Road | Hotel Luv Kush Building, Municipal No 30/6/20K-1, Fatehabad Road, Agra, Uttar Pradesh | ORBC0101372 | 282022010 | |
| Dayalbagh | Dayalbagh, 82 Ellora Enclave, 100 Feet Road, Dayalbagh, Agra, Uttar Pradesh-282005 | ORBC0101984 | 0562-2570594 |
Products Offered by Oriental Bank of Commerce in Agra
The bank offers a wide range of financial products for you to avail of in your city Agra. From personal banking to corporate banking and from international banking to MSME banking, the bank has products for each of the segments. You can avail a personal loan, home loan, car loan , education loan, business loan, and much more. The bank has designed these products masterfully to fit the needs of many. For all the information on the products, you can see that below.
Basic Details of Oriental Bank of Commerce Loans in Agra
| Product | Eligibility | Loan Amount | Interest Rate | Processing Fee | Tenure |
|---|---|---|---|---|---|
| Home Loan | Individuals or co-borrowers having an assured and regular source of earning. Minimum age at the time of application-18 Years Maximum age at loan maturity-60-70 years | No maximum limit. It purely depends on your income and repayment capacity | 8.60%-9.10% p.a. | 0.50% of the loan amount plus service tax as applicable. Maximum-₹ 20,000 plus applicable service tax | Upto 30 years, including the 18-month moratorium period subject to the dwelling unit’s age |
| Personal Loan | Available to public and private sector employees, along with the pensioners. Both public and private sector employees must be confirmed with a minimum net monthly income of 10,000. Also, the net income must not be lower than 30% of the gross income after the deduction of the proposed EMI. Pensioners must not be over 75 years at the time of loan maturity. Also the net amount of pension must not be 50% of the gross pension (Including the proposed loan EMI) | ₹ 5-10 lakh | 10.85%-11.85% p.a. | 0.5% of the loan amount Minimum-₹ 500 | Upto 5 years |
| Vehicle Loan | Salaried individuals either confirmed or a 1 year of service, professionals, businessmen running their entities for atleast 2 years, agriculturist and few others are eligible. | 4-Wheeler- ₹ 1 Cr 2-Wheeler-₹ 10 Lakh | 8.60%-9.10% per annum for new vehicles 10.85%-11.60% per annum for second hand vehicles | 0.50% of the loan amount, subject to a minimum of ₹ 500 | Upto 7 years for new vehicles Upto 3-5 years for old vehicles |
| Business Loan | Proprietorship, partnership or companies involved in business activity for a minimum period of 1 year. Business should conform to the statutory requirements such as License Under Shops & Commercial Establishment Act, Registration Certificate of Sales Tax/Central Sales Tax | Upto ₹ 5 crores | 11.95% p.a. | 0.50% of the loan amount plus applicable service tax | Upto 7 years |
| Mortgage Loan Scheme | All individuals and joint borrowers who are income tax assessee for atleast 2 years in a row. Agriculturists Company/Proprietorship/Partnership firms are also eligible. Net income should not be lower than 30% of the gross income after the deduction of the EMIs | Upto ₹ 10 crores, with a minimum of ₹ 5 lakhs | 10.85% p.a. | As applicable | Upto 10 Years |
| Loan Against Gold Ornaments | Individuals and proprietors | Upto ₹ 10 lakh-50 lakh | 9.60%-10.60% p.a. | As applicable | The demand loan would be liquidated within a maximum 1-year period. Renewal and review of overdraft facility after every year. |
Documentation for Oriental Bank of Commerce Loans in Agra
| Product | Salaried | Self-employed |
|---|---|---|
| Home Loan | Loan Application Form Identity Proof-PAN Card/Aadhaar Card/Driving License/Voter ID/Passport Residence Proof-Passport/Aadhaar Card/Utility Bill/Voter ID Income Proof-Last 3-6 Month Salary Slip, Last 6-month bank statement, Latest Form 16 & ITR Passport Size Photographs of applicants and co-applicants Property Documents-Buyer Agreement Copy/Allotment Letter, Receipt of Payment made to Property Developers | Loan Application Form Identity Proof-PAN Card/Aadhaar Card/Driving License/Voter ID/Passport Residence Proof-Passport/Aadhaar Card/Utility Bill/Voter ID Income Proof-Last 2-3 years Profit & Loss Account Statement and Audited Balance Sheet Passport Size Photographs of applicants and co-applicants Property Documents-Buyer Agreement Copy/Allotment Letter, Receipt of Payment made to Property Developer |
| Personal Loan | Loan Application Form Identity Proof-PAN Card/Aadhaar Card/Driving License/Voter ID/Passport Residence Proof-Passport/Aadhaar Card/Utility Bill/Voter ID Income Proof-Last 3-6 Month Salary Slip, Last 6-month bank statement, Latest Form 16 & ITR Passport Size Photographs of applicants and co-applicants | |
| Vehicle Loan | Loan Application Form Identity Proof-PAN Card/Aadhaar Card/Driving License/Voter ID/Passport Residence Proof-Passport/Aadhaar Card/Utility Bill/Voter ID Income Proof-Last 3-6 Month Salary Slip, Last 6-month bank statement, Latest Form 16 & ITR Passport Size Photographs of applicants and co-applicants | Loan Application Form Identity Proof-PAN Card/Aadhaar Card/Driving License/Voter ID/Passport Residence Proof-Passport/Aadhaar Card/Utility Bill/Voter ID Income Proof-Last 2-3 years Profit & Loss Account Statement and Audited Balance Sheet Passport Size Photographs of applicants and co-applicants |
| Business Loan | Proprietors- Shop and establishment certificate/ VAT/ Sales Tax Registration Certificate PAN Card Last 2 years financials with audit report Last 6 months Bank statement of all bank accounts Existing facility sanction letter/ Repayment Track Record (RTR) of existing loan, if any Proforma invoice of machinery, in case of Plant & Machinery Loans Partnership Firms- Registered partnership deed KYC of Partners PAN Card of Firm and Partners Shop and establishment / VAT/ Sales Tax Registration Certificate Last 2 year financials with audit report Last 6 months Bank statement Existing facility sanction letter/ Repayment Track Record of existing loans, if any Proforma invoice of machinery, in case of Plant & Machinery Loans Private & Public Sector Companies- Memorandum of Association(MOA) / Articles of Association(AOA) Latest shareholding pattern KYC of Directors PAN Card of the Company and Directors Last 2 years financials with audit report Last 6 months Bank statement of all bank accounts Existing facility sanction letter/ Repayment Track Record (RTR) of existing loan, if any Proforma invoice of machinery, in case of Plant & Machinery Loans Declaration that borrower, Company or any of its Directors are not debarred / black listed / penalized by any Stock Exchanges / SEBI/ RBI. A Declaration that the proposed borrowing is within the limits prescribed u/s 293(1)(d) of the Companies Act, 1956 | |
| Mortgage Loan Scheme | Loan Application Form Identity Proof-PAN Card/Aadhaar Card/Driving License/Voter ID/Passport Residence Proof-Passport/Aadhaar Card/Utility Bill/Voter ID Income Proof-Last 3-6 Month Salary Slip, Last 6-month bank statement, Latest Form 16 & ITR Passport Size Photographs of applicants and co-applicants Equitable Mortgage of the Property Financed | Loan Application Form Identity Proof-PAN Card/Aadhaar Card/Driving License/Voter ID/Passport Residence Proof-Passport/Aadhaar Card/Utility Bill/Voter ID Income Proof-Last 2-3 years Profit & Loss Account Statement and Audited Balance Sheet Passport Size Photographs of applicants and co-applicants Equitable Mortgage of the Property Financed |
| Loan Against Gold Ornaments | Loan Application Form Identity Proof-PAN Card/Aadhaar Card/Driving License/Voter ID/Passport Residence Proof-Passport/Aadhaar Card/Utility Bill/Voter ID Income Proof-Last 3-6 Month Salary Slip, Last 6-month bank statement, Latest Form 16 & ITR Passport Size Photographs of applicants and co-applicants | Loan Application Form Identity Proof-PAN Card/Aadhaar Card/Driving License/Voter ID/Passport Residence Proof-Passport/Aadhaar Card/Utility Bill/Voter ID Income Proof-Last 3-6 Month Salary Slip, Last 6-month bank statement, Latest Form 16 & ITR Passport Size Photographs of applicants and co-applicants |