Oriental Bank of Commerce Pune

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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 NameComplete AddressIFSCMICRContact Detail
Pune MainDinshaw House, 918, Synagouge Street, Pune, Maharashtra-411001ORBC0100141411022002020-25889531
Wanwadi49, Commercial Complex, Sacred Heart Town, Wanwadi, Pune, Maharashtra-411040ORBC0100891411022006020-26852014
Deccan Gymkhana33/9, Prabhat Road, Deccan Gymkhana, Pune, Maharashtra-411004ORBC0100941411022007020-25454836
Bibwewadi-Kondhwa RoadSarita Chambers, Bibwewadi-Kondhwa Road, Pune, Maharashtra-411037ORBC0100986411022008020-24274651
M.G. Road284, Radiant Raheja, Millenium, M.G. Road, Pune, Maharashtra-411001ORBC0101054411022009020-26343087
Fergusson, College Road917/20 - 20 A, Fergusson, College Road, Pune, Maharashtra-411004ORBC0101088411022010020-25677600
HinjawadiPlot P-22, MIDC Infotech, Park, Hinjawadi, Pune, Maharashtra-411057ORBC0101107411022011020-22933149
Kondhwa KhurdBrahma Estate, Kondhwa Khurd, Pune, Maharashtra-411048ORBC0101128411022012020-26837527
Viman NagarPlot-3, Survey-199, Viman Nagar, Pune, Maharashtra-400014ORBC0101142411022013020-26633633
ChakanVillage & P.O. Chakan, Pune, Maharashtra-410501ORBC0101209411022014
Kalyani NagarShop No 107 &108, Ground Floor, Forto Plaza, Victoria Ii, Opp. Big Cinema, Kalyani Nagar, Pune, MaharashtraORBC0101331411022015
BanerAria Towers, Ground Floor, Shop No-116/3/1& 2, Mahalunge Road, Baner, Pune, MaharashtraORBC0101677411022018020-25670694
Pashan-Sus RoadOrange Life, Shop No G-8, G-9, Pashan-Sus Road, Opposite Dutta Mandir, Pune, MaharashtraORBC0101678411022017020-25670694
Pimple SaudagarSr No 183, A/2, Kate Nagar, Pimple Saudagar, Pune, Maharashtra-411027ORBC0101853411022020020 27702431, 432
WagholiPlot No.2& 3, Shiva Palace Coop.Housing Society, Next To Jain College, Bakori Road, Wagholi, District-Pune, Maharashtra-411207ORBC0102089
Akurdi,BO Akurdi, Plot No 397, Sec24, Nigdi Pradhikaran, In Front Of Lokmanya Hospital, Pune, Maharashtra-411044ORBC0102174
Shirur207, Shanti Complex, Maruti Gali, Shirur, Pune, Maharashtra- 412210ORBC0102177
Bhavdan KhurdShop 14, Megh Malhar Ra, Sr. No 54, Bhavdan Khurd, Pune, MaharashtraORBC0102217
KharadiA-1/2, Cheryl, Down Town, Kharadi, Pune, Maharashtra-411014ORBC0102218

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

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 Pune

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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