Oriental Bank of Commerce Bengaluru
Last Updated : Sept. 5, 2018, 5:10 p.m.
About Oriental Bank of Commerce
As India was nearing independence, Oriental Bank of Commerce (OBC) arrived with Raja Bahadur Lala Sohan Lal becoming its founder in 1943. The bank was set up in Lahore. But little did he thought that the bank will have to face the pressure of divided India as the registered office of Lahore was forced to give way to Amritsar. This happened within 4 years of bank’s operation. It must have been a gallant task for the bank at that point of time. But the real trouble happened during 1970-76 when it was about to close down. The business of the bank started falling apart, forcing Lala Karamchand Thapar to either sell or shut down the operation. But as things can turn around anytime, it also happened in the case of OBC whose fortunes changed as effective employee cooperation led to the bank performing excellently and getting out of that trouble time. The year 1980 came and the Government of India bought the bank, which from there has been on a continuous rise in terms of expansion and product offerings.
The bank has been active in offering a wide range of products catering to the requirements of all. If the corporate clients have business loan to rely upon for their daily needs, the retail consumers can buy a car, home or avail funds for personal expenses and emergencies. As far as expansion is concerned, it currently operates with more than 1,000 branches across the country.
The IT city of Bengaluru, the capital of the southern state Karnataka, has branches of OBC in abundance. As much as 30-40 branches you can see here. Based on which is near, you can select from the branches mentioned below.
Oriental Bank of Commerce Bengaluru Branches
| Branch Name | Complete Address | IFSC | MICR | Contact Detail |
|---|---|---|---|---|
| Richmond Road | H J S Chambers, Richmond Road, Bengaluru, Karnataka-560025 | ORBC0100207 | 560022002 | 080-22291569 |
| Yelahanka | No 2566, Hig 1St Floor, Yelahanka, New Town, Bengaluru, Karnataka-560064 | ORBC0100826 | 560022003 | 080-28561646 |
| New Thippasandra | 2722, Hal III Stage, New Thippasandra, Bengaluru, Karnataka-560075 | ORBC0100985 | 560022005 | 080-25203337 |
| Jaya Nagar | 1031/G 40th Cross, 4Th, T Block, Jaya Nagar, Bengaluru, Karnataka-560041 | ORBC0100990 | 560022004 | 080-22441382 |
| M.G. Road | 21/15 Landmark, M.G. Road, Bengaluru, Karnataka-560001 | ORBC010104 | 560022008 | 080-25596625/6/7 |
| Indira Nagar | 546, CMH Road, Indira Nagar, Bengaluru, Karnataka-560038 | ORBC0101057 | 560022009 | 080-25284710 |
| Sadasivnagar | Upper Palce Orchards, Sadasivnagar, Bengaluru, Karnataka-560080 | ORBC0101084 | 560022010 | 080-23616103 |
| Koramangala | KHB Colony, 80 Feet Road , 5Th Block, Koramangala, Bengaluru, Karnataka-560095 | ORBC0101118 | 560022012 | 080-25504147 |
| Frazer Town | No - 100, Mosque Road, Frazer Town, Bengaluru, Karnataka-560005 | ORBC0101277 | 560022014 | 080-25465406 |
| Bannerghatta | Vijeth Complex, No.459, Village Bannerghatta, Bengaluru, Karnataka- | ORBC0101448 | 560022017 | |
| BTM Layout | No 6, 100 Feet Ring Road, BTM II Stage,Bengaluru, Karnataka-560076 | ORBC0101376 | 560022015 | |
| Dasarahalli | 1/2, National Highway, Tumkur Rd, T. Dasarahalli, Bengaluru, Karnataka | ORBC0101392 | 560022016 |
Products Offered by Oriental Bank of Commerce in Bengaluru
Are you searching for a dream home in Bengaluru? Do you want to ride the city of Bengaluru via a car? The answers for all these questions lie with Oriental Bank of Commerce. All you need is to express your choice and the products will come before you. At OBC, you can purchase a home via a home loan, while a car loan is available for buying your dream 4-wheeler, Similarly, other loans such as a personal loan, mortgage loan and others are also available. So, you have a lot of options to choose from.
Basic Loan Details of Oriental Bank of Commerce in Bengaluru
| 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 Bengaluru
| 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 |
