Oriental Bank of Commerce Bhubaneswar
Last Updated : Sept. 5, 2018, 5:10 p.m.
About Oriental Bank of Commerce
Oriental Bank of Commerce (OBC), a New Delhi-headquartered public lender, has well over 1,000 branches spread across the country. The bank, which was founded in 1943, has been letting many achieve their dream buoyed by the innovative financial products that are custom-fit. On the back of such innovation, the bank has now become a significant player for various types of customers. It has touched upon various banking segments like corporate banking, personal banking, NRI banking, MSME banking, rural banking, etc.
The history of the bank is as old as 74 years when Raja Bahadur Lala Sohan Lal founded it in the city of Lahore, now falling under Pakistan. Not even four years had gone by that India faced partition. As a result, the bank had to shift its Lahore-based office to Amritsar. It was all good until 1970-76. In this period, the bank has had to face a lot of failures in its business, which shrunk to almost nothing. Lala Karamchand Thapar, the Chairman by then, contemplated about selling the bank. But the good work from employees took the bank back into the track with higher profit margins. In 1980, the bank was nationalized. And when the bank acquired Bari Doab Bank and Punjab Cooperative Bank in 1997, it adds significantly to its branch presence across the country.
Bhubaneswar, the capital city of Odisha, allows you to bank from about 5-10 branches of Oriental Bank of Commerce. The people of Bhubaneswar can visit these branches for their varied financial needs. Do you need branch information? A table below will show you the same.
Oriental Bank of Commerce Bhubaneswar Branches
| Branch Name | Complete Address | IFSC | MICR | Contact Detail |
|---|---|---|---|---|
| CRPF Square | N-4/245, IRC Village, Infront Of Indra, Dhanu Market, Distt Khurda, Bhubaneshwar | ORBC0101919 | 751022014 | 0674-2553300 |
| Sahid Nagar | Alok Bharti Tower, Sahid Nagar, Bhubaneshwar, Odisha-751007 | ORBC0100495 | 751022002 | 0674-2547735 |
| BDA | BDA Complex, Akash Shov, A Building, JN Marg, Bhubaneshwar, Odisha | ORBC0100869 | 751022003 | 0674-2394376 |
| Ravi Talkies Road | Plot No - 2982, Ravi Talkies Road, PS - Lingaraj, Bhubaneswar, Odisha-751002 | ORBC0101206 | 751022004 | 0674-2430013 |
| Chandrasekharpur | E 1/1 Infocity Campus, Chandrasekharpur, Bhubaneswar, Odisha-751024 | ORBC0101225 | 751022005 | 0674-2740056, 2740084 |
| KIMS | KIMS Bhubaneswar, KIIT University Campus, Chandrasekharpur, Bhubaneswar, Odisha-751031 | ORBC0101346 | 751022006 | |
| Sijua | Kalyani Plaza, Near Aiims, N.H - 5.Sijua, Patrapada, Bhubaneswar, Odisha-751019 | ORBC0101421 | 751022007 | 0674-2472393 |
| Ashok Nagar | 8, Ashok Nagar, Bhubaneswar, Odisha-751009 | ORBC0101438 | 0674-2530150 |
Products Offered by Oriental Bank of Commerce in Bhubaneswar
A growing list of products is available at Bhubaneswar branches of OBC. The bank provides a series of loans like a personal loan, car loan, home loan, mortgage loan and various other products of your choice and budget in Bhubaneswar. But a thorough detail regarding the products is what you would vouch for, right! For that, you just need to follow what is written below.
Basic Loan Details of Oriental Bank of Commerce in Bhubaneswar
| 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 Bhubaneswar
| 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 |
