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OBC Personal Loan

    OBC Personal Loan Features

    OBC Personal Loan Eligibility Criteria Details
    OBC Personal Loan Interest Rate 9.75% p.a.
    OBC Personal Loan Lowest EMI per lakh Rs 2112
    OBC Personal Loan Tenure 12 to 60 months
    OBC Personal Loan Processing Fee 1% to 2% of Loan Amount
    OBC Personal Loan Prepayment Charges Allowed after 12 Months (2 – 4 %)
    OBC Personal Loan Part Payment Charges Allowed after 12 Months (2 – 4 %) 
    OBC Personal Loan Min Loan Amt ₹ 50,000
    OBC Personal Loan Max Loan Amt ₹ 75 Lakh



    Why Oriental Bank of Commerce?

    1.  Simple documentation
    2. Competitive pricing
    3.  Personal loan disbursal in just 2 days*
    4.  Transparent procedure
    5.  Personal loans available for various needs

    What do we offer?

    1. Know your Personal loan eligibility in 1 minute, available online and across all branches.
    2.  Highly competitive interest rates for personal loans.
    3.  Special offers, interest rates and nominal charges for OBC account holders.
    4.  Special personal loan offers* for women employees.

    Oriental Bank of Commerce Personal Loan Documents

    OBC offers you personal loans with simple and easy documentation process (though documentation varies from individual to individual). The document requirement is based on your profession, income and loan requirement. Documents required are:

    1. Proof of identity: Copy of passport/voter ID card/driving license
    2. Last 3 months bank statement/6 months bank passbook
    3. Latest salary slip/ current dated salary certificate with the latest Form 16
    4. Proof of address: Copy of ration card/telephone or electricity bill/rental agreement/passport

    Oriental Bank of Commerce Personal Loan Eligibility Criteria

    Regular Income Group: This category includes salaried doctors, CAs, employees of private limited companies, employees from public sector undertakings including central, state and local bodies.

    Eligibility Criteria:

    You are eligible if you are:

    1. Age: 21-60 years.
    2. Employment: Have had a job for at least 2 years and a minimum of 1 year with your current employer
    3. Earning: Minimum income: Rs. 12,000/- per month net income

    Rs. 15,000/- in Mumbai, Delhi, Bangalore, Chennai, Calcutta, Ahmedabad, Cochin)

    * Interest rate can vary as per individual’s portfolio.
    * All loans repayment period are over 6 months. No short term loans.
    * Credit at sole discretion of the Banks we have a tie-up with.
    * The Organisation do not charge money from customers.