Oriental Bank of Commerce Personal Loan Mumbai - Rates March 2024, Eligibility, EMI, IFSC

Oriental Bank of Commerce Personal Loan in Mumbai

About Oriental Bank of Commerce Personal Loan in Mumbai

Come to Mumbai and the buzz here will refresh you at every moment of your stay in the city. The constant run of local trains and the buses, coupled with the gathering of people at Gateway of India all day along make Mumbai a special city to be in. The capital of Maharashtra gives shelter to people from all walks of the life, be it the people who are dependent on salary or the ones ruling the corporate jungle. All of them have a personal aspiration to fulfill. And with Oriental Bank of Commerce, a pocket-friendly personal loan is more than a reality. The public lender, founded in 1943, offers a personal loan through several branches in the city. Let’s understand Oriental Bank of Commerce Personal Loan Mumbai in detail.

Oriental Bank of Commerce Personal Loan Mumbai at a Glance

Interest Rate11.40% - 16.95%
Loan Amount₹ 5-10 Lakh
Loan TenureUpto 5 Years
Processing Fee0.5% of the loan amount, subject to a minimum of ₹500
Prepayment ChargesNIL

Oriental Bank of Commerce Personal Loan Eligibility Criteria in Mumbai

Want to Avail Oriental Bank of Commerce Personal Loan? Do make sure you are in line with the eligibility criteria set by the lender in Mumbai.

  • The loan can be availed by public and private sector employees, as well as the pensioners.
  • The confirmed employees of both public and private sector firms with a net monthly income of ₹10,000 are the eligible candidates for the bank’s personal loan.
  • Further, the net income should 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 should not be 50% of the gross pension (Including the proposed loan EMI)

Documents Needed for Oriental Bank of Commerce Personal Loan in Mumbai

OBC wants the customers to be ready with the below documents to access a personal loan in Mumbai. 

  • 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

Check for more information in Personal Loan Mumbai

Oriental Bank of Commerce Personal Loan Mumbai Branches

You can find the list of following branches by glancing at the below table. It showcases the addresses, as well as critical information like MICR Code, IFSC Code and others.

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

  • Personal Loan Interest Rates March 2024
    HDFC Bank10.75% - 14.50%
    ICICI Bank10.75% - 19.00%
    IndusInd Bank10.25% - 26.00%
    Kotak Bank10.99%
    RBL14.00% - 23.00%
    SMFG India Credit12.00% - 24.00%
    Standard Chartered Bank11.49%
    Tata Capital10.50% - 24.00%