Oriental Bank of Commerce Kochi

Banks 112 views

About Oriental Bank of Commerce 

When it comes to naming the bank that has handled itself well despite the adversities at large, Oriental Bank of Commerce (OBC) would come at the top. Ever since the inception, the bank has been facing obstacles. The bank was founded in 1943 by Raja Bahadur Lala Sohan Lal in Lahore. It was making good strides and suddenly the partition of India happened only to take its registered office from Lahore to Amritsar. The bank recovered soon after a brief spell of the poor business environment. However, the real trouble was yet to come. In 1970-76, the bank was almost shut due to the rapidly declining profits, which even fell to the level of ₹ 175. Understandably, the situation was daunting for the bank. Once again, the bank bounced back powered by the efficient employee performance. And soon, the bank tasted the real success when the Government of India recognized its potential and nationalized it in 1980. 

Ever since the nationalization happened, the bank saw growth coming in all its business segments, be it the corporate banking, retail banking, NRI Banking, rural banking. In its journey that has spanned over 70 years, the bank also managed to acquire Punjab Co-operative Bank and Bari Doab Bank. The acquisition had resulted in enhancing the bank’s size of the operation. 

Kochi, a coastal location in the state of Kerala, does have branches of OBC. There are a couple of branches you can look to visit and avail the services. Want to know the branches that can offer you the banking services in your city Kochi? Look below and find one for you. 

Oriental Bank of Commerce Kochi Branches 

Branch NameComplete AddressIFSCMICRContact Detail
PanyapallyGautam Hospital, Panyapally, Kochi, Kerala-682005ORBC01010086820220030484-2221591
S.A. RoadABM Complex, Manorama, Junction, S.A. Road, Kochi, KeralaORBC01011416820220050484-2319292

Products Offered by Oriental Bank of Commerce in Kochi 

Is travelling Europe your dream? Itching to buy a car of your choice? Are you looking to buy a property in Kochi? You can find out the answers to these questions by choosing from a wider array of products, including a personal loan, car loan, home loan, loan against property, loan against gold ornaments. Before you go all out to pick a product, a thorough look at the details would be needed, right! So, what are you waiting for? Just sneak through the table below. 

Basic Details of Oriental Bank of Commerce Loans in Kochi

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 Needed to Avail Loans from Oriental Bank of Commerce in Kochi

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

 

You May Also Read