Oriental Bank of Commerce Chennai

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About Oriental Bank of Commerce

In 1943, Raja Bahadur Lala Sohan Lal did what many would feel proud of his accomplishment. He set up a bank, which by name you hear is Oriental Bank of Commerce (OBC), in Lahore. If set up was hard to think of considering the peak in independence movement across the country at that time, the following years was nothing short of challenging. As soon as India becomes free from the British regime, the history witnessed the partition of India. Any bank, which would have encountered the most of the difficulty in that time, was OBC as its registered office was in Lahore, a part of new Pakistan. The office was shifted to Amritsar in Punjab. The business did suffer early on but came on the track. Just as everything was running smoothly, came the unexpected downtime of 1970-76, during which the bank’s profit was nosediving rapidly on account of the subdued business. The continual losses made the bank’s Chairman, Lala Karamchand Thapar, to think of either selling or closing the operation. However, the efficiency of the employees led to the revival of the bank, which from there never looked back. 

In 1997, the bank had made the acquisition of Bari Doab Bank and Punjab co-operative Bank to strengthen its presence. The bank has emerged out to be a strong player when it comes to serving a wide clientele base. Doesn’t matter whether it is NRI clients or a corporate bank, the bank has won many clients through customized services and offers.  

The bank operates with over 1,000 branches across India. Its operational presence is far and wide, including your city Chennai. The city houses approximately 20-30 branches of OBC. Looking to visit the nearest OBC branch in Chennai? Look at the details below. 

Oriental Bank of Commerce Chennai Branches 

Branch NameComplete AddressIFSCMICRContact Detail
Mount Road769, Spencer Plaza, Ground Floor, Mount Road, Chennai, Tamil Nadu-600002ORBC0100165600022003044-28494252
Armenian StreetIspahani Begum Complex, 91, Armenian Street, Chennai, Tamil Nadu- 600001ORBC0100234600022002044-25228543
NandanamPadma Complex, 467, Anna, Salai, Nandanam, Chennai, Tamil Nadu-600035ORBC0100535600022004044-24321413
MoulivakkamD No 5/88A, Kunrathur, Main Road, Moulivakkam, Chennai, Tamil NaduORBC0100581600022005044-24826038
Annanagar T-94, 3rd Avenue, Annanagar East, Chennai, Tamil NaduORBC0100822600022007044-26289943
T NagarNo1 Dr Singaravelu St, Pondy Bazar T Nagar, Chennai, Tamil Nadu-600017ORBC0100928600022008044-24353614
Mogappair 4/PC.1 MMDA, Mogappair West, Chennai, Tamil NaduORBC0101012600022009044-26534252
KotturpuramNo.1, First Main Road, Kotturpuram, Chennai, Tamil Nadu-600085ORBC0101024600022010044-24474288
MylaporeDr Radhakrishna Salai, Mylapore, Chennai, Tamil Nadu-600004ORBC0101043600022015044-24998116
AdyarLattice Bridge Road, Adyar, Chennai, Tamil Nadu-600020ORBC0101063600022018044-24421459
Kilpauk824, Opposite KMC, Ponaml HG Road, Kilpauk, Chennai, Tamil Nadu- 600010ORBC0101065600022012044-26427097
Porur50/1, Old No.222, Trunk Road, Porur, Chennai, Tamil NaduORBC0101102600022014044-24826801
Selaiyur539-Velachery Road, Selaiyur, Chennai, Tamil Nadu-600073ORBC0101113600022016044-22394217
Mid Corporate Branch121, Kilpauk Garden, Road Kilpauk, Chennai, Tamil Nadu-600010ORBC0101213600022019044-26444437
PeramburNo. 90, Paper Mills Road, Perambur, Chennai, Tamil Nadu-600011ORBC0101676600022024044-28493344

Products Offered by Oriental Bank of Commerce in Chennai 

The products you can expect to receive at OBC branches in Chennai are many, including deposits and loans. You can buy your dream home via a home loan, while a brand new car would come your way via a car loan. Your wish of travelling overseas can be met via a personal loan. Business enterprises can avail business loan to run their day-to-day operation. A complete detail of all these products can be seen below. 

Basic Details of Loans at Oriental Bank of Commerce in Chennai

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.

Documents You Need to Avail Loans from Oriental Bank of Commerce in Chennai 

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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