Oriental Bank of Commerce Kolkata
Last Updated : Sept. 5, 2018, 5:14 p.m.
About Oriental Bank of Commerce
Years before the independence came a bank which not many thought would survive for more than 7 decades. But it did and going strongly in its business of accepting deposits and disbursing loans to the general public, MSME, corporate, NRIs, farmers, etc. Raja Bahadur Lala Sohan Lal founded the bank in 1943 in Lahore. The bank had to face the hurdle of shifting its registered office to Amritsar from Lahore as a result of the partition that took place after India gained independence in 1947. The bank had to face the hassle of paying the Pakistani depositors the money they had parked in their respective bank accounts. The bank overcame the situation admirably and started to clock more growth.
However, in the dark phase of 1970-76, the bank was taken aback and was almost brought to close down its operations. The subdued feeling was running deep and it even crossed the mind of Lala Karamchand Thapar, the Chairman of the bank, at that time. Somehow, the bank reversed the trend of declining profits and a few years later came the much-famed event of nationalization. Since then, the bank has moved quite strongly in providing customized products to a wide range of customers.
The bank currently owns more than 1,000 branches across the country. The bank’s growing list of branches has a lot to do with the acquisition of Punjab Co-operative Bank and Bari Doab Bank. It has branches spread across top cities, smaller cities, towns and even villages.
Kolkata, the capital of West Bengal, has a significant number of branches that total up to around 50. From Lake Gardens to Kakurgachi, OBC has spread its branches to tap the needs of the customers living in Kolkata. Find out the branch details here.
Oriental Bank of Commerce Kolkata Branches
| Branch Name | Complete Address | IFSC | MICR | Contact Detail |
|---|---|---|---|---|
| Dunlop Bridge | 141 BT. Road, 1st Floor, Dunlop Bridge, Kolkata, West Bengal-700035 | ORBC0100818 | 700022021 | 033-25770658, 2578147 |
| SSI-Kolkata | 43, Rashbehari Aveneue, Kolkata, West Bengal-700026 | ORBC0100880 | 700022022 | 033-24633797 |
| Tollyganj | 119, Ground Floor, Tollyganj, Kolkata West Bengal-700040 | ORBC0100904 | 700022023 | 033-24811563 |
| Kankurgachi | 190A, Manictola Main, Road, Kolkata, Kankurgachi West Bengal-700056 | ORBC0100905 | 700022024 | 033-23649259 |
| Sakher Bazar | 81, K K Roychowdhury, Road, Kolkata, West Bengal-700008 | ORBC0100938 | 700022025 | 033-24454846 |
| Lake Gardens | 188/20, Prince Anwar Shah Road, Kolkata, West Bengal-700045 | ORBC0101016 | 700022026 | |
| Chowringhee Road | 6, Floor OM Tower, Building, Chowringhee Road, Kolkata, West Bengal-700071 | ORBC0101049 | 700022027 | 033-22262220 |
| R N Mukherjee Road | 11, R N Mukherjee Road, Nilhat House, Kolkata, West Bengal-700001 | ORBC0101101 | 700022028 | 033-22108808 |
| Behala | 30, Diamond Harbour Road, Ajanta Cinema, Behala, West Bengal | ORBC0101121 | 700022029 | 033-24575831 |
| Salt Lake | DD-II, Sector-1, Salt Lake, Kolkata, West Bengal-700061 | ORBC0101170 | 700022033 | 033-23592709 |
| Rajarhat | Natural Nest Megacity, Road-Beside Charnak Hospital, Kolkata, West Bengal-700157 | ORBC0101235 | 700022034 | 033-25736414 |
| Garia | 290, Garia Station Road, Fartabad More, Kolkata, West Bengal-700084 | ORBC0101241 | 700022036 | 033-24627379 |
| Baruipur | Kulpi Road, Ward No 12, District 24 Parganas(S), Kolkata, West Bengal-700144 | ORBC0101242 | 700022037 | 033-24230338 |
Products Offered by Oriental Bank of Commerce in Kolkata
Get ready to drive your favourite car in your city via an attractive car loan scheme of the bank. If buying a home remains your priority, a home loan is there to fulfill the very purpose. Also, the loans are offered against the property and gold ornaments you would have. You can figure out the loans that can meet your needs. A comprehensive detail on the loans will help you know the products you would need.
Basic Loan Details of Oriental Bank of Commerce in Kolkata
| 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 Needed to Avail Loans from Oriental Bank of Commerce in Kolkata
| 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 |
