Oriental Bank of Commerce New Delhi

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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 NameComplete AddressIFSCMICRContact Detail
E Block Connaught PlaceE Block, Harsha Bhavan, Connaught Place, New Delhi-110001ORBC0100007110022005011-23417254
A Block Connaught PlaceA 30-33, Connaught Place, New Delhi-110001ORBC0100179110022006011-23321991
Karol Bagh8/1 Ground Floor, Abdul Aziz Road, Karol Bagh, New Delhi-110005ORBC0100012110022012011-28756884
DaryaganjNetaji Subhash Marg, Daryaganj, Delhi-110002ORBC0100013110022007011-23272897
East Patel Nagar26/33, East Patel Nagar, New Delhi-110008ORBC0100016110022024011-25852893
Kirti NagarN-104, Kirti Nagar, New Delhi-110015ORBC0100022110022015011-25152844
MahipalpurK-59, Vasant Kunj Road, VPO-Mahipalpur, New Delhi-110037ORBC0100029110022016011-26785514
Munirka92 E/1 Rk Market, Po-Jawahar Lal Nehru University, Munirka, New Delhi-110067ORBC0100101110022017011-26164615
Old Rajinder Nagar104, Old Rajinder Nagar Market, New Delhi-110060ORBC0100139110022026011-25861508
South Extension, Part-1G-11, South Extension, Part-1, New Delhi-110095ORBC0100144110022031011-24694310
Panchsheel Park16, Shopping Centre, Panchsheel Park, New Delhi-110017ORBC0100212110022023011-26490368
Nehru PlaceHemkunt Chambers, 89 Nehru Place, New Delhi-110019ORBC0100217110022020011-26211462
Naraina44, Community Centre, Phase-I, Naraina, Delhi-110028ORBC0100222110022018011-25797419
Paharganj1649, Main Bazar, Paharganj, New Delhi-110055ORBC0100282110022022011-23562653
Dhichaon KalanVillage & P.O. Dhichaon Kalan Block Najafgarh, Delhi-110043ORBC0100323110022008011-28016328
SaketSaket Cultural Club, Opp Anupam Cinema, Saket, New Delhi-110017ORBC0100356110022029011-26510781

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 

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 New Delhi

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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