Oriental Bank of Commerce Hyderabad

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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 NameComplete AddressIFSCMICRContact Detail
Nampally Station RoadNampally Station Road, CLS Building, Hyderabad, Andhra Pradesh-500001ORBC0100129 500022002040-23201298
AutonagarAutonagar, Near Hayat Nagar, Hyderabad, Andhra Pradesh-500070ORBC0100493 500022004040-24021006
Mehdipatnam12-2-790/1, Plot 1, Qs Plaza, Mehdipatnam, Hyderabad, Andhra Pradesh-500028ORBC0100684 500022006040-23525859
Ameerpet Green Lands6-3- 865, Myhome Jupally, Ameerpet Green Lands, Hyderabad, Andhra Pradesh-500016ORBC0100706 500022007040-23408300
Himayat Nagar AP State Housing Corp, Building, Urdu Halllane, Andhra Pradesh-500029ORBC0100871 500022009040-23223308
Chirag Ali LaneChirag Ali Lane, Medwin Hospital, Hyderabad, Andhra Pradesh-500001ORBC0100872 500022005040-23205704
Jubilee HillsPlot No-2, Road No-5, Jubilee Hills, Hyderabad, Andhra Pradesh-500033ORBC0100924 500022010040-23545901
Santosh Nagar12-2-823/A1/8/A Santosh Nagar Colony, Hyderabad, Andhra Pradesh-500028ORBC0101058 500022014040-23517501
ChandanagarGupta Commercial Complex, Hyderabad, Andhra Pradesh-500050ORBC0101074 500022015040-23035691
A S Rao NagarPlot No 8, Officers Colony, Dr A S Rao Nagar, Hyderabad, Andhra Pradesh-500062ORBC0101076 500022016040-27128170
Kukatpally110, Bhagyander Co-Operative Housing Society, Kukatpally, Hyderabad, Andhra Pradesh-500072ORBC0101081 500022013040-23061142
Dilsukhnagar16-1-484, Prashant, Complex, Dilsukhnagar, Hyderabad, Andhra Pradesh-500060ORBC0101091 500022019040-24051145
AmeerpretRegency Plaza, Maitrivihar Area Ameerpret, Hyderabad, Andhra Pradesh-500016ORBC0101093 500022018040-23746194
Habsiguda18/3 Sri Sai Sampada, Plaza St. 6 Habsiguda, Hyderabad, Andhra Pradesh-500007ORBC0101100 500022020040-27158098
MadhapurPlot No 22 Arunodaya, Housing Colony Madhapur, Hyderabad, Andhra Pradesh-500081ORBC0101105 500022021040-23100400

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

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 Required to Obtain Oriental Bank of Commerce Loans in Hyderabad

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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