About Oriental Bank of Commerce
An introduction of the state-owned Oriental Bank of Commerce (OBC) with over 1,000 branches may be known to many. But not many know the struggles that the bank encountered to reach the top. The foundation of the bank happened at a time when the freedom movement was at the peak. In that time, it was hard to think an entrepreneur could set up a bank. But it happened much to the delight of the people looking for attractive banking services.
The bank was founded by Raja Bahadur Lala Sohan Lal in 1943. Do you know the place at which it was set up? It’s Lahore, now falling in the region of Pakistan. The bank started to gain prominence until the unwarranted partition took place much to the dismay of the bank, which had to shut down its Lahore office and get that shifted to Amritsar. The new office took a bit of time to adjust to the change. If the partition had questioned the sustenance of the bank in Lahore, the dreadful run between 1970-76 had almost finished its stay in the banking space. The bank was facing severe fall in profit margins and made Lala Karamchand Thapar, the Chairman at that time, to close down the bank. The situation sounded critical. But due to effective employee co-operation, the bank’s health got better as it returned to the normal profit-making entity. The real reward for the bank came in 1980 when the Indian Government took it from the private reins. The bank went on to bolster its presence in India by acquiring Punjab Co-operative Bank and Bari Doab Bank in 1997.
The bank maintains a significant presence across the country with branches at almost all the locations. If you want to know the branches of OBC in Hyderabad, you can look at the below table and find out the branch you would be comfortable to visit at.
Oriental Bank of Commerce Hyderabad Branches
Branch Name | Complete Address | IFSC | MICR | Contact Detail |
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Nampally Station Road | Nampally Station Road, CLS Building, Hyderabad, Andhra Pradesh-500001 | ORBC0100129 | 500022002 | 040-23201298 |
Autonagar | Autonagar, Near Hayat Nagar, Hyderabad, Andhra Pradesh-500070 | ORBC0100493 | 500022004 | 040-24021006 |
Mehdipatnam | 12-2-790/1, Plot 1, Qs Plaza, Mehdipatnam, Hyderabad, Andhra Pradesh-500028 | ORBC0100684 | 500022006 | 040-23525859 |
Ameerpet Green Lands | 6-3- 865, Myhome Jupally, Ameerpet Green Lands, Hyderabad, Andhra Pradesh-500016 | ORBC0100706 | 500022007 | 040-23408300 |
Himayat Nagar | AP State Housing Corp, Building, Urdu Halllane, Andhra Pradesh-500029 | ORBC0100871 | 500022009 | 040-23223308 |
Chirag Ali Lane | Chirag Ali Lane, Medwin Hospital, Hyderabad, Andhra Pradesh-500001 | ORBC0100872 | 500022005 | 040-23205704 |
Jubilee Hills | Plot No-2, Road No-5, Jubilee Hills, Hyderabad, Andhra Pradesh-500033 | ORBC0100924 | 500022010 | 040-23545901 |
Santosh Nagar | 12-2-823/A1/8/A Santosh Nagar Colony, Hyderabad, Andhra Pradesh-500028 | ORBC0101058 | 500022014 | 040-23517501 |
Chandanagar | Gupta Commercial Complex, Hyderabad, Andhra Pradesh-500050 | ORBC0101074 | 500022015 | 040-23035691 |
A S Rao Nagar | Plot No 8, Officers Colony, Dr A S Rao Nagar, Hyderabad, Andhra Pradesh-500062 | ORBC0101076 | 500022016 | 040-27128170 |
Kukatpally | 110, Bhagyander Co-Operative Housing Society, Kukatpally, Hyderabad, Andhra Pradesh-500072 | ORBC0101081 | 500022013 | 040-23061142 |
Dilsukhnagar | 16-1-484, Prashant, Complex, Dilsukhnagar, Hyderabad, Andhra Pradesh-500060 | ORBC0101091 | 500022019 | 040-24051145 |
Ameerpret | Regency Plaza, Maitrivihar Area Ameerpret, Hyderabad, Andhra Pradesh-500016 | ORBC0101093 | 500022018 | 040-23746194 |
Habsiguda | 18/3 Sri Sai Sampada, Plaza St. 6 Habsiguda, Hyderabad, Andhra Pradesh-500007 | ORBC0101100 | 500022020 | 040-27158098 |
Madhapur | Plot No 22 Arunodaya, Housing Colony Madhapur, Hyderabad, Andhra Pradesh-500081 | ORBC0101105 | 500022021 | 040-23100400 |
Products Offered by Oriental Bank of Commerce in Hyderabad
The bank has a wide array of products to offer to the people living in the city of Hyderabad. Based on their needs, they can choose from a home loan, personal loan, car loan, loan against property, among others. First, you need to figure out your requirements, followed by choosing a right product to achieve the same. You can see a brief note on the products offered by the bank in the below table.
Basic Details of Oriental Bank of Commerce Loans in Hyderabad
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 Required to Obtain Oriental Bank of Commerce Loans in Hyderabad
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 |