Oriental Bank of Commerce Gurugram

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About Oriental Bank of Commerce

The year 1943 was significant as it marked the beginning of Oriental Bank of Commerce (OBC). The founder of the bank was Raja Bahadur Lala Sohan Lal who established it in Lahore despite the obstacles at large. India’s independence, which was supposed to foster the growth of bank’s business, did exactly the opposite. The bank had to close down its registered office in Lahore as a result of the partition in 1947. The registered office was shifted to Amritsar in Punjab. Somehow, the bank got through that torrid period and started doing well. But the struggles for the bank were far from being over. A six-year period from 1970 to 1976 once again raised the scars for the bank. The profit started dipping sharply and had almost brought a premature end to the bank’s journey. But the bank revived on the back of efficient employee performance, resulting in enhanced productivity. The year 1997 was a significant year for OBC as it bought Punjab Co-operative Bank and Bari Doab Bank. The acquisition led to the rise in its overall presence on the national geographical landscape.

Amidst all these ups and downs, what the bank has successfully been able to achieve its growing footprint in the country. OBC, as of now, operates more than 1,000 branches across the country. It has reached to the top cities to smaller towns and even villages.

Gurugram, like other cities, also has a significant number of OBC branches. Based on your proximity to the locations, you can choose from as much as 15-20 branches that are based here. Want to choose your favourite OBC branch in Gurugram? Read the table carefully and choose your branch option.

Oriental Bank of Commerce Gurugram Branches

Branch NameComplete AddressIFSCMICRContact Detail
New Railway RoadNew Railway Road, Gurugram, Haryana-122001ORBC01000711100220450124-2328446
Palam Vihar37/2/1 Opposite H Block, Palam Vihar, Gurugram, Haryana-122017ORBC01007541100220690124-2367033
KhandsaKhandsa, Gurugram, Haryana-122001ORBC01007681100220700124-2210304
Mata Sheetla DeviShop No 43 - 44, Huda Market Sector-5, Gurugram, Haryana-122001ORBC01008771100221350124-2331660
Sector-17 GurugramSCF-62, Sector-17, Urban Estate, Gurugram, Haryana-122001ORBC01008891100220990124-2341462
Fawwara ChowkFawwara Chowk, Near Bus Stand, Gurugram, HaryanaORBC01009391100221360124-2333749
Udyog ViharOverseas Branch, HSIDC Building, Udyog Vihar, Gurugram, Haryana-122015ORBC01009871100221050124-2450175
Basai Road763/25, Basai Road, Gurugram, Haryana-122001ORBC01010231100221170124-2320977
Sector-14Sector-14, Huda Complex, Gurugram, Haryana-122001ORBC01011511100221440124-2309149
Sushant Lok-1Shop-No-8, Vipul Square, B-Block, Sushant Lok-1, Gurugram, Haryana-122001ORBC01011521100221340124-2577695
Sector-15-II, GurugramSCO.14, Huda Shopping Complex, Sector-15-II, Gurugram, Haryana-122001ORBC01012101100221840124-2220534
Sector-32, GurugramPlot No-5, Institution Area, Sector-32, Gurugram, Haryana-122001ORBC01012371100221880124-2550034
DLF City Phase-IIShop No.101-102, Park N, Shop Market, DLF City, Gurugram, Haryana-122001ORBC01012381100221860124-2567613
Tauru RoadGITM, Pathreri, Bilaspur-Tauru Road, Gurugram, HaryanaORBC01012651100222080124-2017000
KanhaiV.P.O Kanhai, Gurugram, Haryana-122001ORBC01051671100221750124-2580612

Products Offered by Oriental Bank of Commerce in Gurugram

Still using public transport to reach your office? Avail attractive car loan from Oriental Bank of Commerce in Gurugram. You can buy your dream home via a home loan offer of the bank. Other loans like the loan against property, business loan, loan against gold ornaments are also available for you to grab. In order to help you grab the best deal, there is a complete list of information regarding the products.

Basic Details of Oriental Bank of Commerce Loans in Gurugram

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 Needed to Avail Loans from Oriental Bank of Commerce in Gurugram

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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