Oriental Bank of Commerce Kolkata

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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 NameComplete AddressIFSCMICRContact Detail
Dunlop Bridge141 BT. Road, 1st Floor, Dunlop Bridge, Kolkata, West Bengal-700035ORBC0100818700022021033-25770658, 2578147
SSI-Kolkata43, Rashbehari Aveneue, Kolkata, West Bengal-700026ORBC0100880700022022033-24633797
Tollyganj119, Ground Floor, Tollyganj, Kolkata West Bengal-700040ORBC0100904700022023033-24811563
Kankurgachi 190A, Manictola Main, Road, Kolkata, Kankurgachi West Bengal-700056ORBC0100905700022024033-23649259
Sakher Bazar81, K K Roychowdhury, Road, Kolkata, West Bengal-700008ORBC0100938700022025033-24454846
Lake Gardens 188/20, Prince Anwar Shah Road, Kolkata, West Bengal-700045ORBC0101016700022026
Chowringhee Road6, Floor OM Tower, Building, Chowringhee Road, Kolkata, West Bengal-700071ORBC0101049700022027033-22262220
R N Mukherjee Road11, R N Mukherjee Road, Nilhat House, Kolkata, West Bengal-700001ORBC0101101700022028033-22108808
Behala30, Diamond Harbour Road, Ajanta Cinema, Behala, West BengalORBC0101121700022029033-24575831
Salt LakeDD-II, Sector-1, Salt Lake, Kolkata, West Bengal-700061ORBC0101170700022033033-23592709
RajarhatNatural Nest Megacity, Road-Beside Charnak Hospital, Kolkata, West Bengal-700157ORBC0101235700022034033-25736414
Garia 290, Garia Station Road, Fartabad More, Kolkata, West Bengal-700084ORBC0101241700022036033-24627379
BaruipurKulpi Road, Ward No 12, District 24 Parganas(S), Kolkata, West Bengal-700144ORBC0101242700022037033-24230338

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 

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 Kolkata

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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