Oriental Bank of Commerce Jaipur
Last Updated : Sept. 5, 2018, 5:13 p.m.
About Oriental Bank of Commerce
The New Delhi-headquartered Oriental Bank of Commerce (OBC) was founded by Raja Bahadur Lala Sohan Lal in Lahore about 74 years ago in 1943. The public sector bank, in its 74-year old vigil, has expanded its branches well past 1,000 across India. In addition to the presence, the bank has come of the age by developing unique products for various sets of customers belonging to retail banking, corporate banking, international banking, rural banking, MSME banking. The customers have the products of their choice to meet their financial needs.
If we go back to the history of the bank, you would have to say it has withstood the obstacles all the way through to become one of the top banks in India. The first obstacle that the bank encountered was the partition in 1947 when its Lahore office was made to shift to Amritsar. The business, as expected, suffered a bit. But it sailed smoothly and it continued until the dreadful 1970-76 period came to haunt the bank big time. The bank was hit so hard that it made the Chairman Lala Karamchand Thapar at that time to seriously think about selling or closing the business. This is where the solidarity of the bank employees came to the picture. They stood together and performed excellently to lift the bank out of the precarious circumstances that were built around. The reward came a few years later in 1980, the time for the bank’s nationalization. The moment the government took over the ownership, the fate of the bank changed considerably. The bank started grabbing the attention of different customers with differentiated products.
The bank had acquired Bari Doab Bank and Punjab Co-operative Bank to enhance its base across the country. Jaipur, the pink city located in the state of Rajasthan, is well known for its rich architecture. It also is a massive business centre and considering the same, the bank has established around 15-20 branches.
Looking for the branch information in Jaipur? See the table below.
Oriental Bank of Commerce Jaipur Branches
| Branch Name | Complete Address | IFSC | MICR | Contact Detail |
|---|---|---|---|---|
| MI Road | Umrao Complex Opposite Government Hostel MI Road Jaipur, Rajasthan-302001 | ORBC0100061 | 302022002 | |
| Johri Bazar | Ram Lalla Ji Ka Rasta, Johri Bazar, Jaipur, Rajasthan-302003 | ORBC0100103 | 302022003 | |
| Ajmer Road | Near Old Octroi Check, Post, Ajmer Road, Jaipur, Rajasthan-302019 | ORBC0100418 | 302022004 | |
| Adarsh Nagar | B-23 Raja Mansion, Govind MG, Adarsh Nagar, Jaipur, Rajasthan-302004 | ORBC0100672 | 302022005 | |
| Jawahar Lal Nehru Marg | Rajasthan Co-Operative Dairy, Fed Saras, Jawahar Lal Nehru Marg, Jaipur, Rajasthan-302017 | ORBC0100702 | 302022006 | |
| Mansarovar | 69/334, VT Road, Madhyam, Marg, Mansarovar, Jaipur, Rajasthan-302001 | ORBC0100703 | 302022007 | |
| Sanganer | 78, Sitabari Tonk Road, Sanganer, Jaipur, Rajasthan-302011 | ORBC0100776 | 302022008 | |
| Chitrakoot | B-1/20 Gandhi Path, Chitrakoot, Jaipur, Rajasthan-302021 | ORBC0100997 | 302022009 | |
| Jamdoli | Keshav Vidyapeeth, Samiti, Jamdoli, Jaipur, Rajasthan-302003 | ORBC0101025 | 302022010 | |
| Bajaj Nagar | KVIB, Bajaj Nagar, Jaipur, Rajasthan-302016 | ORBC0101033 | 302022011 | |
| Pant Krishi Bhawan | Rajasthan State Agriculture & Marketing, Pant Krishi Bhawan, Rajasthan-302005 | ORBC0101133 | 302022013 | |
| Vidhyadhar Nagar | G 17-19, Agrasen Tower, Vidhyadhar Nagar, Jaipur, Rajasthan-302012 | ORBC0101182 | 302022014 | 0141-2337603 |
| Chittorgarh | C-12, Neera Nagar, Chittorgarh, Jaipur, Rajasthan- 312001 | ORBC0101441 | 312022002 | |
| Kalwar Road | 16A, Sanjay Nagar, Kalwar Road, Jhotwara, Jaipur, Rajasthan-302012 | ORBC0102161 | 9772978999 |
Products Offered by Oriental Bank of Commerce in Jaipur
Want to explore the picturesque locales of Maldives? Is travelling via car to roam the city of Jaipur your wish? All these wishes and more can be financially supported by the loan offerings of the bank. The loans offered include a home loan, personal loan , car loan, loan against property, and others. Looking forward to the details of the loans? A table below will provide you the same.
Basic Details of Oriental Bank of Commerce Loans in Jaipur
| 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 You Must Submit to Access Oriental Bank of Commerce Loans in Jaipur
| 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 |
