Oriental Bank of Commerce Jaipur

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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 NameComplete AddressIFSCMICRContact Detail
MI RoadUmrao Complex Opposite Government Hostel MI Road Jaipur, Rajasthan-302001ORBC0100061302022002
Johri BazarRam Lalla Ji Ka Rasta, Johri Bazar, Jaipur, Rajasthan-302003ORBC0100103302022003
Ajmer RoadNear Old Octroi Check, Post, Ajmer Road, Jaipur, Rajasthan-302019ORBC0100418302022004
Adarsh NagarB-23 Raja Mansion, Govind MG, Adarsh Nagar, Jaipur, Rajasthan-302004ORBC0100672302022005
Jawahar Lal Nehru MargRajasthan Co-Operative Dairy, Fed Saras, Jawahar Lal Nehru Marg, Jaipur, Rajasthan-302017ORBC0100702302022006
Mansarovar69/334, VT Road, Madhyam, Marg, Mansarovar, Jaipur, Rajasthan-302001ORBC0100703302022007
Sanganer78, Sitabari Tonk Road, Sanganer, Jaipur, Rajasthan-302011ORBC0100776302022008
ChitrakootB-1/20 Gandhi Path, Chitrakoot, Jaipur, Rajasthan-302021ORBC0100997302022009
JamdoliKeshav Vidyapeeth, Samiti, Jamdoli, Jaipur, Rajasthan-302003ORBC0101025302022010
Bajaj NagarKVIB, Bajaj Nagar, Jaipur, Rajasthan-302016ORBC0101033302022011
Pant Krishi BhawanRajasthan State Agriculture & Marketing, Pant Krishi Bhawan, Rajasthan-302005ORBC0101133302022013
Vidhyadhar NagarG 17-19, Agrasen Tower, Vidhyadhar Nagar, Jaipur, Rajasthan-302012ORBC01011823020220140141-2337603
ChittorgarhC-12, Neera Nagar, Chittorgarh, Jaipur, Rajasthan- 312001ORBC0101441312022002
Kalwar Road16A, Sanjay Nagar, Kalwar Road, Jhotwara, Jaipur, Rajasthan-302012ORBC01021619772978999

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

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 You Must Submit to Access Oriental Bank of Commerce Loans in Jaipur

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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