Oriental Bank of Commerce New Delhi
Last Updated : Jan. 12, 2019, 10:32 a.m.
About Oriental Bank of Commerce
Oriental Bank of Commerce (OBC) is a renowned public lender with over 1,000 branches across India. Set up by Raja Bahadur Lala Sohan Lal, the bank has made significant progress since making its debut in 1943. The bank commenced its operation in the city of Lahore, which before Independence was the part of India. After the independence, the bank was forced to shift the registered office to Amritsar. Not only that, it had to pay back the depositors of Pakistan their deposit sum. The bank steadied itself well after a brief spell of the slowdown in the business. But during the period of 1970-76, question marks were raised on the bank’s survival due to the declining margins. The bank was almost done and dusted until the spirited performance from the staffs led to its revival. The good show of the bank was rewarded with the nationalization in 1980. In 1997, the bank took over Punjab Co-operative Bank and Bari Doab Bank and thus increased its reach.
The bank has proven itself as a reliable partner when it comes to serving the varied customer requirements. Be it providing depositors the chance to grow their money or to lend to the borrowers to fulfill their wishes, the bank has been offering customized services to all. The bank is also using technology to stay in line with its competitors that are large in numbers. In addition to the conventional banking mediums, the bank also has modern methods like net banking, mobile banking, SMS banking to enable smooth and fast transactions.
Oriental Bank of Commerce has a large number of branches in New Delhi, a place where the bank runs its headquarters as well. You can resolve your query with the branch officials here. These officials can address your financial needs with the help of deposits, loans, etc. The number of branches in the city is well over 100. A list of New Delhi branches is shown in the table below.
Oriental Bank of Commerce New Delhi Branches
| Branch Name | Complete Address | IFSC | MICR | Contact Detail |
|---|---|---|---|---|
| E Block Connaught Place | E Block, Harsha Bhavan, Connaught Place, New Delhi-110001 | ORBC0100007 | 110022005 | 011-23417254 |
| A Block Connaught Place | A 30-33, Connaught Place, New Delhi-110001 | ORBC0100179 | 110022006 | 011-23321991 |
| Karol Bagh | 8/1 Ground Floor, Abdul Aziz Road, Karol Bagh, New Delhi-110005 | ORBC0100012 | 110022012 | 011-28756884 |
| Daryaganj | Netaji Subhash Marg, Daryaganj, Delhi-110002 | ORBC0100013 | 110022007 | 011-23272897 |
| East Patel Nagar | 26/33, East Patel Nagar, New Delhi-110008 | ORBC0100016 | 110022024 | 011-25852893 |
| Kirti Nagar | N-104, Kirti Nagar, New Delhi-110015 | ORBC0100022 | 110022015 | 011-25152844 |
| Mahipalpur | K-59, Vasant Kunj Road, VPO-Mahipalpur, New Delhi-110037 | ORBC0100029 | 110022016 | 011-26785514 |
| Munirka | 92 E/1 Rk Market, Po-Jawahar Lal Nehru University, Munirka, New Delhi-110067 | ORBC0100101 | 110022017 | 011-26164615 |
| Old Rajinder Nagar | 104, Old Rajinder Nagar Market, New Delhi-110060 | ORBC0100139 | 110022026 | 011-25861508 |
| South Extension, Part-1 | G-11, South Extension, Part-1, New Delhi-110095 | ORBC0100144 | 110022031 | 011-24694310 |
| Panchsheel Park | 16, Shopping Centre, Panchsheel Park, New Delhi-110017 | ORBC0100212 | 110022023 | 011-26490368 |
| Nehru Place | Hemkunt Chambers, 89 Nehru Place, New Delhi-110019 | ORBC0100217 | 110022020 | 011-26211462 |
| Naraina | 44, Community Centre, Phase-I, Naraina, Delhi-110028 | ORBC0100222 | 110022018 | 011-25797419 |
| Paharganj | 1649, Main Bazar, Paharganj, New Delhi-110055 | ORBC0100282 | 110022022 | 011-23562653 |
| Dhichaon Kalan | Village & P.O. Dhichaon Kalan Block Najafgarh, Delhi-110043 | ORBC0100323 | 110022008 | 011-28016328 |
| Saket | Saket Cultural Club, Opp Anupam Cinema, Saket, New Delhi-110017 | ORBC0100356 | 110022029 | 011-26510781 |
Products Offered by Oriental Bank of Commerce in new Delhi
You can avail various products from Oriental Bank of Commercial in its New Delhi-based branches. For car lovers, the bank has distinct car loan offers for both new and used vehicles. Similarly, the dream home seekers can find a suitable home loan. In addition, you can avail the loan against property, business loan, etc. Before availing the loans, a quick look at their details is what you would need, right! The table below with all the necessary details is drawn below.
Basic Loan Details of Oriental Bank of Commerce in New Delhi
| 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 New Delhi
| 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 |