Oriental Bank of Commerce Bhubaneswar

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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 NameComplete AddressIFSCMICRContact Detail
CRPF SquareN-4/245, IRC Village, Infront Of Indra, Dhanu Market, Distt Khurda, BhubaneshwarORBC01019197510220140674-2553300
Sahid NagarAlok Bharti Tower, Sahid Nagar, Bhubaneshwar, Odisha-751007ORBC01004957510220020674-2547735
BDABDA Complex, Akash Shov, A Building, JN Marg, Bhubaneshwar, OdishaORBC01008697510220030674-2394376
Ravi Talkies RoadPlot No - 2982, Ravi Talkies Road, PS - Lingaraj, Bhubaneswar, Odisha-751002ORBC01012067510220040674-2430013
ChandrasekharpurE 1/1 Infocity Campus, Chandrasekharpur, Bhubaneswar, Odisha-751024ORBC01012257510220050674-2740056, 2740084
KIMS KIMS Bhubaneswar, KIIT University Campus, Chandrasekharpur, Bhubaneswar, Odisha-751031ORBC0101346751022006
SijuaKalyani Plaza, Near Aiims, N.H - 5.Sijua, Patrapada, Bhubaneswar, Odisha-751019ORBC01014217510220070674-2472393
Ashok Nagar8, Ashok Nagar, Bhubaneswar, Odisha-751009ORBC01014380674-2530150

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

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 Bhubaneswar

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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