Oriental Bank of Commerce Lucknow

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About Oriental Bank of Commerce

Amidst all the obstacles and challenges, Oriental Bank of Commerce (OBC) has emerged out and created its own identity in a space that has small to large players battling against each other for gaining the maximum market share. The bank, founded in 1943, has products for each set of customers- be it in retail banking, corporate banking, international banking, rural banking, etc. One of the prime reasons for the bank to be able to attract a large pool of clients is its ability to customize the products efficiently. 

However, the road to stardom has been that easy for the bank as stated earlier. Within few years of establishment, the bank had to face the crisis that arose due to the partition. The registered office, which was in Lahore before the partition, had to be shifted to Amritsar after the incident. The bank had to pay back the Pakistani depositors their money post the shifting of the office. It was all good until the 1970-76 when the bank was at the lowest ebb due to increasingly declining margins on the back of poor business. Lala Karamchand Thapar, the Chairman at that time, almost came to the point of closing down the bank. But OBC was in for a long haul. This was made possible due to the inspiring efforts of the employees. The performance improved so was the health of the bank, which later on was acquired by the Government of India in 1980. Moreover, Oriental Bank of Commerce had acquired Bari Doab Bank and Punjab Co-operative Bank in 1997, increasing the presence across the country. 

The city of Nawab Lucknow is also served by Oriental Bank of Commerce branches that are spread far and wide here. Almost 20-30 branches can be found in the city of Lucknow. Take a cue from the table below and find your nearest branch in Lucknow. 

Oriental Bank of Commerce Lucknow Branches 

Branch NameComplete AddressIFSCMICRContact Detail
Hazratganj94, Mahatma Gandhi Marg, Hazratganj, Lucknow, Uttar Pradesh-226001ORBC0100050226022002
Aminabad ParkPrakash Deep Building, Aminabad Park, Lucknow, Uttar Pradesh-226018ORBC0100100226022003
BeharipurTalab Tikait Rai, Beharipur, Lucknow, Uttar Pradesh, 226004ORBC0100367226022004
Ram Sagar Mishra NagarA-30, Ram Sagar Mishra Nagar, Lucknow, Uttar Pradesh-226016ORBC0100427226022006
MahanagarB-68, Sector C, Mandir Marg, Mahanagar, Lucknow, Uttar PradeshORBC0100501226022005
Gomti Nagar2/9, Vivek Khand, Gomti Nagar, Lucknow, Uttar Pradesh-226010ORBC0100687226022007
Alambagh665/Ka/90, Opposite -Singar, Nagar, Alambagh, Lucknow, Uttar PradeshORBC0100752226022008
Aliganj39, Chandralok, Aliganj, Lucknow, Uttar Pradesh-226020ORBC0100887226022009
Khun Khun Ji Road313/9 Tejkrishna Plaza, Khun Khun Ji Road, Lucknow, Uttar Pradesh-226003ORBC0100894226022010
Naka HindolaGuru Singh Sabha, Naka Hindola, Gurudwara, Lucknow, Uttar PradeshORBC0101003226022051

Products Offered by Oriental Bank of Commerce in Lucknow

You can find the product you need from a list of loans that Oriental Bank of Commerce offers to the residents of Lucknow. Typically, the bank offers a home loan, car loan, personal loan, mortgage loan scheme, loan against gold ornaments, etc. These loans are customized to address your requirements. There is a table below that can help you find your dream loan to realize your dream life. 

Basic Loan Details of Oriental Bank of Commerce in Lucknow 

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 Lucknow 

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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