Oriental Bank of Commerce Mumbai

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About Oriental Bank of Commerce

Oriental Bank of Commerce (OBC), founded in 1943, is a state-owned banking entity with more than 1,000 branches across India. But the bank has gone through a series of struggles to reach to its existing position. It was set up by Raja Bahadur Lala Sohan Lal in Lahore. Within few years, the bank faced the problem which many of our ancestors encountered after the independence, the partition. This forced the closure of its registered office in Lahore. The bank had to return the money to the Pakistani depositors. Consequently, the office was shifted to Amritsar. The bank got through the situation and started doing normal business. But another struggle and perhaps the biggest of all was yet to come. The lull phase of 1970-76 simply drowned the bank as it was struggling to stay afloat amid sharply declining profits. The adversity went to such an extent that the bank was almost shut. But due to the cooperation from the employees, the bank recovered smoothly. The bank was also nationalized in 1980. As soon as the bank comes under the government reign, it started making a name in the field of corporate banking, retail banking, NRI banking, rural banking, MSME banking.

The bank also has a significant presence in the dream city of Mumbai. Over 100 OBC branches are located in the city. The branches have officials who can solve your queries and offer you the right product for your needs. You can screen through the offers of deposits and loans to find which one suits you best. Before heading to the branches, it is imperative to know their whereabouts, right! You can help yourself looking at the table below.

Oriental Bank of Commerce Mumbai Branches

Branch NameComplete AddressIFSCMICR
FortJash Chambers, Sir P M Road, Fort, Mumbai, Maharashtra-400001ORBC0100023400022005
Kalbadevi17/19, Bomanji Masterrd, New Silk Bazar Kalbadevi, Mumbai, Maharashtra-400002ORBC0100055400022006
Lamington Road393, Sir Mangaldas House, Lamington Road, Mumbai, Maharashtra-400004ORBC0100105400022007
Andheri (West)Manubharti, 212, SV Road, Andheri (West), Mumbai, Maharashtra-400058ORBC0100142400022002
Mandvi379/382 Narshi Natha, Street, Mandvi, Mumbai, Maharashtra-400009ORBC0100187400022009
Neapean Sea Road39, B/1, Matru Ashish, Neapean Sea Road, Mumbai, Maharashtra-400036ORBC0100201400022010
Santacruz(West)Ground Floor, Ajay Apartments, S.V. Road, Santacruz(West), Mumbai, Maharashtra-400054ORBC0100232400022011
DadarALF Gokhale Road (South), Dadar (West), Mumbai, Maharashtra-400028ORBC0100235400022004
KalyanOnkar Apartments, New Station Road, Kalyan, Mumbai, Maharashtra-421301ORBC0100295400022015
Malad(West)Vikas Chambers, Marve, Link Road, Malad(West), Mumbai, Maharashtra-400069ORBC0100405400022008
GhatkoparNarsingh Mehta Marg, Ghatkopar, Mumbai, Maharashtra-40086ORBC0100456400022014
Kandivali (East)Gokul Monarch Cooperative Housing Society, Kandivali (East), Mumbai, Maharashtra-400101ORBC0100560400022021
PowaiB1, LGL-34 Galleria, Hiranandani Grd Powai, Mumbai, Maharashtra-400076ORBC0100632400022025
Dombivli (East)48, Shivleela, Tilak Road, Dombivli (East), Mumbai, Maharashtra-421201ORBC0100745400022027

Products Offered by Oriental Bank of Commerce in Mumbai

You can choose from a growing list of products that include a personal loan, car loan, home loan, mortgage loan, and much more. These products are attuned to serve all your financial needs in Mumbai. The choosing a product would be easy if you read out the fine details of various loans offered by the bank. The details can be easily read in the table below.

Basic Loan Details of Oriental Bank of Commerce in Mumbai

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 Mumbai

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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