Oriental Bank of Commerce Agra

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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 NameComplete AddressIFSCMICR Contact Detail
Chhipitol9A, M G Road, Chhipitol, Opp Distt Hospital, Agra, Uttar Pradesh-282001ORBC0100194282022000562-2265849
Loha Mandi251 Jaipur House, Loha Mandi, Agra, Uttar Pradesh-282010ORBC01003832820220050562-2810290
Sanjay PlaceE 15/8, Prince Tower, Sanjay Place, Agra, Uttar Pradesh-220001ORBC01008422820220040562-2522354
Sikandra-Bodla RoadDr.Maria Res. Academic Campus, Sikandra Bodla Road, Agra, Uttar PradeshORBC01008992820220060562-2275376
Bank ColonyBank Colony, Opposite Subhash, Park, 71-A.M.G. Road, Agra, Uttar Pradesh-282010ORBC01010202820220070562-2263629
Kamla NagarD-507, Hotel Woodland, Building, Kamla Nagar, Agra, Uttar Pradesh-282002ORBC01011862820220090562-2580636
Tehsil SadarTehsil Sadar, Opposite Police Station, Agra, Uttar Pradesh-282001ORBC01052392820220080562-2217085
Fatehabad RoadHotel Luv Kush Building, Municipal No 30/6/20K-1, Fatehabad Road, Agra, Uttar PradeshORBC0101372282022010
DayalbaghDayalbagh, 82 Ellora Enclave, 100 Feet Road, Dayalbagh, Agra, Uttar Pradesh-282005ORBC01019840562-2570594

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

ProductEligibilityLoan AmountInterest RateProcessing FeeTenure
Home LoanIndividuals 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 capacity8.60%-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 LoanAvailable 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 LoanSalaried 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 ₹ 500Upto 7 years for new vehicles

Upto 3-5 years for old vehicles
Business LoanProprietorship, 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 TaxUpto ₹ 5 crores11.95% p.a.0.50% of the loan amount plus applicable service taxUpto 7 years
Mortgage Loan SchemeAll 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 lakhs10.85% p.a.As applicableUpto 10 Years
Loan Against Gold OrnamentsIndividuals and proprietorsUpto ₹ 10 lakh-50 lakh9.60%-10.60% p.a.As applicableThe 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 

ProductSalariedSelf-employed
Home LoanLoan 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 LoanLoan 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 LoanLoan 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 LoanProprietors-

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 SchemeLoan 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 OrnamentsLoan 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

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