Oriental Bank of Commerce Ahmedabad

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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 NameComplete AddressIFSCMICRContact Detail
Bopal3, Daffodils Plaza, Opp.Amramanjari Bungalows, Gala Gymkhana Road, South Bopal, Ahemdabad, Gujarat-380058ORBC01020743800220219426724610
Station RoadGupta Chambers, Station Road, Ahmedabad, Gujarat-380001ORBC0100120380022003079-22136665
Thakkar Bapa Nagar Road1-2, Near India Colony, Thakkar Bapa Nagar Road, Ahmedabad, Gujarat-382350ORBC0100121380022004079-22742780
AslaliShriji Bhuvan, 22, Swaminarayan Society, Ahmedabad, Gujarat-382427ORBC0100125380022005
Ashram RoadNeel Kamal, Opp Sales, India, Ashram Road, Ahmedabad, Gujarat-380009ORBC010017038002200079-27541007
Drive In RoadVrindavan Complex, Near, Subhash Chowk, Gurukul, Ahmedabad, Gujarat-380052ORBC0100878380022006079-27433978
Shahibaug7, 8, 9, 10 Mallinath, Comp, Opp Sujata Flat, Ahmedabad, Gujarat-380004ORBC0100922380022007079-22885533
Satellite RoadAPM Shopping Mall, 100 Feet, Satellite Road, Ahmedabad, Gujarat-380015ORBC0100999380022009079-26732838
C.G. RoadG-2, Samedh, C.G. Road, Ahmedabad, Gujarat-380006ORBC0101051380022010079-26468202
BodakdevGround Floor, New York Plaza, Bodakdev, Ahmedabad, Gujarat-380054ORBC0101073380022011079-26870827
VejalpurF P 229, Satellite Road, Vejalpur, Ahmedabad, Gujarat-380015ORBC0101126380022012079-26740924
NarodaNear.Harivilla Soc, Parsh, Wanath Township, Naroda,Ahmedabad, Gujarat-382346ORBC0101130380022013079-22812504
MoteraShop No. 7, 8, 9, 10 & 11, Vittal Vibrant, Opp. Maitri Ashoka Bunglows, Motera, Ahmedabad, Gujarat- 380005ORBC010159380022017

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 

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 Ahmedabad 

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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