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About Oriental Bank of Commerce
Oriental Bank of Commerce Ahmedabad Branches
Products Offered by Oriental Bank of Commerce in Ahmedabad
Basic Loan Details of Oriental Bank of Commerce in Ahmedabad
Documentation for Oriental Bank of Commerce Loans in Ahmedabad
Oriental Bank of Commerce Ahmedabad
Last Updated : Feb. 25, 2017, 8:58 p.m.
About Oriental Bank of Commerce
The year 1943 led to the establishment of a bank that has seen it all in a journey that has lasted for as long as 74 years and is still continuing. No prizes for guessing, it is in reference to Oriental Bank of Commerce. Founded by Raja Bahadur Lala Sohan Lal in Lahore, the bank has sailed through despite the contingencies at large. The first challenge that the bank had to surmount was the partition that took place within 4 years of its coming into existence. The partition forced the shifting of the bank’s registered office to Amritsar from Lahore, which then was under the New Pakistan. But even more challenging was when the profits started falling in 1970-76and it made the top management jittery. In fact, Lala Karamchand Thapar, who was the chairman of the bank by then, thought of closing or selling the bank. However, due to the cooperation of employees, the graph of the bank started going upward. Few years after the torrid run ends came the good news of nationalization in 1980. This development came like a shot in the arm for OBC, commonly addressed for the bank, as it helped bank expand its presence on a national scale. From few branches to controlling the operation of more than 1,000 branches, the bank has been successful in expansion as well as keeping a large number of customers with it.
If it has branches in a top city like Mumbai or Delhi, smaller places like Jhansi and Gwalior also have the bank’s branches. Similarly, your very own Ahmedabad also have 15-30 branches of OBC. If you do not know their whereabouts, find out the same here.
Oriental Bank of Commerce Ahmedabad Branches
| Branch Name | Complete Address | IFSC | MICR | Contact Detail |
|---|---|---|---|---|
| Bopal | 3, Daffodils Plaza, Opp.Amramanjari Bungalows, Gala Gymkhana Road, South Bopal, Ahemdabad, Gujarat-380058 | ORBC0102074 | 380022021 | 9426724610 |
| Station Road | Gupta Chambers, Station Road, Ahmedabad, Gujarat-380001 | ORBC0100120 | 380022003 | 079-22136665 |
| Thakkar Bapa Nagar Road | 1-2, Near India Colony, Thakkar Bapa Nagar Road, Ahmedabad, Gujarat-382350 | ORBC0100121 | 380022004 | 079-22742780 |
| Aslali | Shriji Bhuvan, 22, Swaminarayan Society, Ahmedabad, Gujarat-382427 | ORBC0100125 | 380022005 | |
| Ashram Road | Neel Kamal, Opp Sales, India, Ashram Road, Ahmedabad, Gujarat-380009 | ORBC0100170 | 38002200 | 079-27541007 |
| Drive In Road | Vrindavan Complex, Near, Subhash Chowk, Gurukul, Ahmedabad, Gujarat-380052 | ORBC0100878 | 380022006 | 079-27433978 |
| Shahibaug | 7, 8, 9, 10 Mallinath, Comp, Opp Sujata Flat, Ahmedabad, Gujarat-380004 | ORBC0100922 | 380022007 | 079-22885533 |
| Satellite Road | APM Shopping Mall, 100 Feet, Satellite Road, Ahmedabad, Gujarat-380015 | ORBC0100999 | 380022009 | 079-26732838 |
| C.G. Road | G-2, Samedh, C.G. Road, Ahmedabad, Gujarat-380006 | ORBC0101051 | 380022010 | 079-26468202 |
| Bodakdev | Ground Floor, New York Plaza, Bodakdev, Ahmedabad, Gujarat-380054 | ORBC0101073 | 380022011 | 079-26870827 |
| Vejalpur | F P 229, Satellite Road, Vejalpur, Ahmedabad, Gujarat-380015 | ORBC0101126 | 380022012 | 079-26740924 |
| Naroda | Near.Harivilla Soc, Parsh, Wanath Township, Naroda,Ahmedabad, Gujarat-382346 | ORBC0101130 | 380022013 | 079-22812504 |
| Motera | Shop No. 7, 8, 9, 10 & 11, Vittal Vibrant, Opp. Maitri Ashoka Bunglows, Motera, Ahmedabad, Gujarat- 380005 | ORBC010159 | 380022017 |
Products Offered by Oriental Bank of Commerce in Ahmedabad
You are welcome to an extensive product range of OBC, comprising a home loan, personal loan , car loan, mortgage loan and various other types of loans. Depending on what you want, you can pick a suitable product for you. A table below with all the essential information regarding loans is there for you as a reference.
Basic Loan Details of Oriental Bank of Commerce in Ahmedabad
| 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 Ahmedabad
| 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 |