Oriental Bank of Commerce Bengaluru

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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 NameComplete AddressIFSCMICRContact Detail
Richmond RoadH J S Chambers, Richmond Road, Bengaluru, Karnataka-560025ORBC0100207 560022002080-22291569
YelahankaNo 2566, Hig 1St Floor, Yelahanka, New Town, Bengaluru, Karnataka-560064ORBC0100826 560022003080-28561646
New Thippasandra2722, Hal III Stage, New Thippasandra, Bengaluru, Karnataka-560075ORBC0100985 560022005080-25203337
Jaya Nagar1031/G 40th Cross, 4Th, T Block, Jaya Nagar, Bengaluru, Karnataka-560041ORBC0100990 560022004080-22441382
M.G. Road21/15 Landmark, M.G. Road, Bengaluru, Karnataka-560001ORBC010104560022008080-25596625/6/7
Indira Nagar546, CMH Road, Indira Nagar, Bengaluru, Karnataka-560038ORBC0101057 560022009080-25284710
SadasivnagarUpper Palce Orchards, Sadasivnagar, Bengaluru, Karnataka-560080ORBC0101084 560022010080-23616103
KoramangalaKHB Colony, 80 Feet Road , 5Th Block, Koramangala, Bengaluru, Karnataka-560095ORBC0101118560022012080-25504147
Frazer TownNo - 100, Mosque Road, Frazer Town, Bengaluru, Karnataka-560005ORBC0101277 560022014080-25465406
BannerghattaVijeth Complex, No.459, Village Bannerghatta, Bengaluru, Karnataka-ORBC0101448 560022017
BTM LayoutNo 6, 100 Feet Ring Road, BTM II Stage,Bengaluru, Karnataka-560076ORBC0101376 560022015
Dasarahalli1/2, National Highway, Tumkur Rd, T. Dasarahalli, Bengaluru, KarnatakaORBC0101392 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 

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 Bengaluru

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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