Oriental Bank of Commerce Noida
Last Updated : March 3, 2017, 3:21 p.m.
About Oriental Bank of Commerce
The bank’s history is always an interesting thing to read upon. And when it is about Oriental Bank of Commerce (OBC), the excitement just goes up. Right from the very beginning, the bank has shown its mettle to combat the challenges and make a strong comeback. The bank was just a few years old that the partition took place. The partition made the bank to change its registered office to Amritsar from Lahore, where the bank had set up the base in 1943. It was Raja Bahadur Lala Sohan Lal who founded the bank.
The shifting of the office meant that the bank had to return the deposits of the Pakistani citizens. Losing out on the massive deposits won’t have been a good thing for the bank’s business. But it dealt with the situation effectively and began to do normal business. But during 1970-76, the bank started losing out on the business with the regular dip in profits.
It even made the Chairman at that time, Lala Karamchand Thapar, nervous who almost came to the conclusion of winding up the bank. But the bank was destined for a long haul as its staff members pulled off the socks and performed excellently to steady the ship. The bank started clocking good business and a few years later the Government of India took it over in 1980.
Subsequent to the nationalization, the bank began to make rapid strides and has now a reliable source to avail the requirements of retail, corporate, NRI, rural and MSME clients. The bank also went on to buy two banks-Bari Doab Bank and Punjab Co-operative Bank in 1997. These two banks enhanced the presence of OBC across the country.
OBC has a large number of branches located in the city of Noida, located in the National Capital Region (NCR). The branch count is around 20 in Noida. Don’t know the Noida branches of the bank? Know those through the below table.
Oriental Bank of Commerce Noida Branches
| Branch Name | Complete Address | IFSC | MICR | Contact Detail |
|---|---|---|---|---|
| Sector-49, Barola | Sector-49, Barola, Noida, Uttar Pradesh-203207 | ORBC0100216 | 110022042 | |
| Gautam Budh Nagar | A-135 A, Sector-27, Gautam Budh Nagar, Noida, Uttar Pradesh-201301 | ORBC0100707 | 110022053 | |
| Sector-20 | Sector-20, Commercial Complex, Noida, Uttar Pradesh-201301 | ORBC0100708 | 110022064 | |
| SSI Bhangel-Noida | Gejha Bhangel, Noida, Dadri Road, Uttar Pradesh-201304 | ORBC0100711 | 110022054 | |
| Sector 62 | B-31, Sector 62, Staff Training Centre, Noida, Uttar Pradesh-201301 | ORBC0100931 | 110022092 | |
| Amity International School, Sector-44 | Amity International School, Sector-44 Noida, Uttar Pradesh-201301 | ORBC0101001 | 110022107 | |
| Sector-18 | G-57/58, Sector-18 Noida, Uttar Pradesh-201301 | ORBC0101095 | 110022121 | |
| Gautam Budh Nagar | C-1, Sector-61, Gautam Budh Nagar, Noida, Uttar Pradesh-201309 | ORBC0101208 | 110022171 | 0120-2588821 |
| A. P. J School Noida | A. P. J School, Sector-16A, Noida, Dist.G.B Nagar, Uttar Pradesh-201301 | ORBC0105112 | 110022138 | |
| District Court Campus | Shop No. 29 & 30 District Court Campus Phase-2, Noida, Uttar Pradesh-201305 | ORBC0105221 | 110022191 | 0120-2462094 |
| Alliance School Noida | C-54, Sec-56, Noida, G.B.Nagar, Noida, Uttar Pradesh | ORBC0105222 | 110022190 | 0120-2588830 |
| Sector-63, Noida | H-1/A-7, Sector-63, Noida, Uttar Pradesh | ORBC0101388 | 110022201 | |
| Hoshiyarpur | C-47, Village, Hoshiyarpur, Near Ashwin Hospital, Sector-51, Noida, District Gautam Budh Nagar-201307 | ORBC0101508 | 110022235 | 0120-2703690 |
| Sector-66, Noida | C-11 Village Mamoora, Sector-66, Noida, District G.B.Nagar, Uttar Pradesh-201301 | ORBC0101808 | 110022234 | 0120-2703690 |
Products Offered by Oriental Bank of Commerce in Noida
OBC has a huge list of products for you to choose from in Noida. For buying a property in Noida, there is a home loan up for grabs. Car lovers can avail attractive car loan offers to buy their dream 4-wheeler. For those wanting funds for travel and other personal purposes, a personal loan is there to help them out. You can check the different aspects of different loans in the below table.
Basic Loan Details of Oriental Bank of Commerce in Noida
| 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% - 9.95% | 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 | 11.40% - 16.95% | 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 | 6.50% Onwards | 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 Noida
| 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 |