Oriental Bank of Commerce Noida

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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 NameComplete AddressIFSCMICRContact Detail
Sector-49, BarolaSector-49, Barola, Noida, Uttar Pradesh-203207ORBC0100216110022042
Gautam Budh NagarA-135 A, Sector-27, Gautam Budh Nagar, Noida, Uttar Pradesh-201301ORBC0100707110022053
Sector-20Sector-20, Commercial Complex, Noida, Uttar Pradesh-201301ORBC0100708110022064
SSI Bhangel-NoidaGejha Bhangel, Noida, Dadri Road, Uttar Pradesh-201304ORBC0100711110022054
Sector 62B-31, Sector 62, Staff Training Centre, Noida, Uttar Pradesh-201301ORBC0100931110022092
Amity International School, Sector-44 Amity International School, Sector-44 Noida, Uttar Pradesh-201301ORBC0101001110022107
Sector-18G-57/58, Sector-18 Noida, Uttar Pradesh-201301ORBC0101095110022121
Gautam Budh NagarC-1, Sector-61, Gautam Budh Nagar, Noida, Uttar Pradesh-201309ORBC01012081100221710120-2588821
A. P. J School NoidaA. P. J School, Sector-16A, Noida, Dist.G.B Nagar, Uttar Pradesh-201301ORBC0105112110022138
District Court Campus Shop No. 29 & 30 District Court Campus Phase-2, Noida, Uttar Pradesh-201305ORBC01052211100221910120-2462094
Alliance School NoidaC-54, Sec-56, Noida, G.B.Nagar, Noida, Uttar PradeshORBC01052221100221900120-2588830
Sector-63, NoidaH-1/A-7, Sector-63, Noida, Uttar PradeshORBC0101388110022201
HoshiyarpurC-47, Village, Hoshiyarpur, Near Ashwin Hospital, Sector-51, Noida, District Gautam Budh Nagar-201307ORBC01015081100222350120-2703690
Sector-66, NoidaC-11 Village Mamoora, Sector-66, Noida, District G.B.Nagar, Uttar Pradesh-201301ORBC01018081100222340120-2703690

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

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 capacity8.40% - 8.50%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 10.15% - 11.65%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

10.20% - 10.45%

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 Noida 

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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