Top Banks 2024
Oriental Bank of Commerce Pune
Last Updated : Sept. 5, 2018, 5:17 p.m.
About Oriental Bank of Commerce
Oriental Bank of Commerce (OBC) is a public sector bank with its headquarters in New Delhi. With the total branch count reads above 1,000, the bank maintains a healthy presence across the country. The position, which the bank attains now, has come through years of struggle. Founded in 1943 by Raja Bahadur Lala Sohan Lal, the bank’s registered office was based in Lahore before shifted to Amritsar post the partition. The situation was critical for the bank as it had to return the money to the depositors of New Pakistan.
The bank got through the temporary mess and started delivering the goods. Just as everything was running smoothly, the bank had to walk through the terrible road of 1970-76 wherein the sharply declining margins were grabbing headlines. The terrible phase almost shut the door for the bank. But the bank’s employees stood together and bailed it out of the trouble. The bank was further nationalized a couple of years later in 1980.
From there, it has been steadily climbing the ladder from acquiring two banks-Punjab Co-operative Bank and Bari Doab Bank in 1997 to establishing more than 1,000 branches in India.
The bank is a delight for various customers belonging to retail, international, corporate, MSME and rural segments. The customized products have enabled these customers to live and accomplish their dreams.
Pune, an IT city located in the state of Maharashtra, is quite a city to live in. Staying in a city and searching for a bank to avail the services? You can look to do the same with Oriental Bank of Commerce (OBC) which has about 15-20 branches in the city. The details of branch locators, IFSC Code and MICR Code are shown below.
Oriental Bank of Commerce Pune Branches
| Branch Name | Complete Address | IFSC | MICR | Contact Detail |
|---|---|---|---|---|
| Pune Main | Dinshaw House, 918, Synagouge Street, Pune, Maharashtra-411001 | ORBC0100141 | 411022002 | 020-25889531 |
| Wanwadi | 49, Commercial Complex, Sacred Heart Town, Wanwadi, Pune, Maharashtra-411040 | ORBC0100891 | 411022006 | 020-26852014 |
| Deccan Gymkhana | 33/9, Prabhat Road, Deccan Gymkhana, Pune, Maharashtra-411004 | ORBC0100941 | 411022007 | 020-25454836 |
| Bibwewadi-Kondhwa Road | Sarita Chambers, Bibwewadi-Kondhwa Road, Pune, Maharashtra-411037 | ORBC0100986 | 411022008 | 020-24274651 |
| M.G. Road | 284, Radiant Raheja, Millenium, M.G. Road, Pune, Maharashtra-411001 | ORBC0101054 | 411022009 | 020-26343087 |
| Fergusson, College Road | 917/20 - 20 A, Fergusson, College Road, Pune, Maharashtra-411004 | ORBC0101088 | 411022010 | 020-25677600 |
| Hinjawadi | Plot P-22, MIDC Infotech, Park, Hinjawadi, Pune, Maharashtra-411057 | ORBC0101107 | 411022011 | 020-22933149 |
| Kondhwa Khurd | Brahma Estate, Kondhwa Khurd, Pune, Maharashtra-411048 | ORBC0101128 | 411022012 | 020-26837527 |
| Viman Nagar | Plot-3, Survey-199, Viman Nagar, Pune, Maharashtra-400014 | ORBC0101142 | 411022013 | 020-26633633 |
| Chakan | Village & P.O. Chakan, Pune, Maharashtra-410501 | ORBC0101209 | 411022014 | |
| Kalyani Nagar | Shop No 107 &108, Ground Floor, Forto Plaza, Victoria Ii, Opp. Big Cinema, Kalyani Nagar, Pune, Maharashtra | ORBC0101331 | 411022015 | |
| Baner | Aria Towers, Ground Floor, Shop No-116/3/1& 2, Mahalunge Road, Baner, Pune, Maharashtra | ORBC0101677 | 411022018 | 020-25670694 |
| Pashan-Sus Road | Orange Life, Shop No G-8, G-9, Pashan-Sus Road, Opposite Dutta Mandir, Pune, Maharashtra | ORBC0101678 | 411022017 | 020-25670694 |
| Pimple Saudagar | Sr No 183, A/2, Kate Nagar, Pimple Saudagar, Pune, Maharashtra-411027 | ORBC0101853 | 411022020 | 020 27702431, 432 |
| Wagholi | Plot No.2& 3, Shiva Palace Coop.Housing Society, Next To Jain College, Bakori Road, Wagholi, District-Pune, Maharashtra-411207 | ORBC0102089 | ||
| Akurdi, | BO Akurdi, Plot No 397, Sec24, Nigdi Pradhikaran, In Front Of Lokmanya Hospital, Pune, Maharashtra-411044 | ORBC0102174 | ||
| Shirur | 207, Shanti Complex, Maruti Gali, Shirur, Pune, Maharashtra- 412210 | ORBC0102177 | ||
| Bhavdan Khurd | Shop 14, Megh Malhar Ra, Sr. No 54, Bhavdan Khurd, Pune, Maharashtra | ORBC0102217 | ||
| Kharadi | A-1/2, Cheryl, Down Town, Kharadi, Pune, Maharashtra-411014 | ORBC0102218 |
Products Offered by Oriental Bank of Commerce in Pune
You can expect an extensive line of custom loans and deposits to come your way at OBC branches in Pune. The loans offered here include a car loan, personal loan , home loan, mortgage loan, loan against property, etc. A quick sneak into the details of all those products is what you would require before you choose one or more. All that can be found here. Take a look.
Basic Features of Oriental Bank of Commerce Loans in Pune
| 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 Pune
| 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 |
