Top Banks 2024
Oriental Bank of Commerce Gurugram
Last Updated : Feb. 28, 2017, 10:41 a.m.
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 Name | Complete Address | IFSC | MICR | Contact Detail |
|---|---|---|---|---|
| New Railway Road | New Railway Road, Gurugram, Haryana-122001 | ORBC0100071 | 110022045 | 0124-2328446 |
| Palam Vihar | 37/2/1 Opposite H Block, Palam Vihar, Gurugram, Haryana-122017 | ORBC0100754 | 110022069 | 0124-2367033 |
| Khandsa | Khandsa, Gurugram, Haryana-122001 | ORBC0100768 | 110022070 | 0124-2210304 |
| Mata Sheetla Devi | Shop No 43 - 44, Huda Market Sector-5, Gurugram, Haryana-122001 | ORBC0100877 | 110022135 | 0124-2331660 |
| Sector-17 Gurugram | SCF-62, Sector-17, Urban Estate, Gurugram, Haryana-122001 | ORBC0100889 | 110022099 | 0124-2341462 |
| Fawwara Chowk | Fawwara Chowk, Near Bus Stand, Gurugram, Haryana | ORBC0100939 | 110022136 | 0124-2333749 |
| Udyog Vihar | Overseas Branch, HSIDC Building, Udyog Vihar, Gurugram, Haryana-122015 | ORBC0100987 | 110022105 | 0124-2450175 |
| Basai Road | 763/25, Basai Road, Gurugram, Haryana-122001 | ORBC0101023 | 110022117 | 0124-2320977 |
| Sector-14 | Sector-14, Huda Complex, Gurugram, Haryana-122001 | ORBC0101151 | 110022144 | 0124-2309149 |
| Sushant Lok-1 | Shop-No-8, Vipul Square, B-Block, Sushant Lok-1, Gurugram, Haryana-122001 | ORBC0101152 | 110022134 | 0124-2577695 |
| Sector-15-II, Gurugram | SCO.14, Huda Shopping Complex, Sector-15-II, Gurugram, Haryana-122001 | ORBC0101210 | 110022184 | 0124-2220534 |
| Sector-32, Gurugram | Plot No-5, Institution Area, Sector-32, Gurugram, Haryana-122001 | ORBC0101237 | 110022188 | 0124-2550034 |
| DLF City Phase-II | Shop No.101-102, Park N, Shop Market, DLF City, Gurugram, Haryana-122001 | ORBC0101238 | 110022186 | 0124-2567613 |
| Tauru Road | GITM, Pathreri, Bilaspur-Tauru Road, Gurugram, Haryana | ORBC0101265 | 110022208 | 0124-2017000 |
| Kanhai | V.P.O Kanhai, Gurugram, Haryana-122001 | ORBC0105167 | 110022175 | 0124-2580612 |
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
| 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. |
Documents Needed to Avail Loans from Oriental Bank of Commerce in Gurugram
| 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 |