Oriental Bank of commerce personal loan (OBC personal loan)
Based on 300 Customer Reviews
Published on: 13 Sep 2018
Based on 300 Customer Reviews
Published on: 13 Sep 2018
About the bank
Oriental bank of commerce is one of the reputed banks in India established in 1943. The bank is determined to develop products that can cater to the mass of while preventing consumer’s pocket from getting pinched since pre-independence era.Oriental bank of commerce personal loan
Often, because of unforeseen circumstances, there is urgent requirement of funds & don’t know where or whom to turn to. So if you require funds urgently, a Personal Loan might be a quick & convenient option. You don’t need to provide collateral & can use the money in the way you want. Oriental bank of commerce personal loan is unique & widely favored personal loan among borrowers to overcome their critical financial crisis at any point in time. Oriental Bank of Commerce Personal Loan has been craft fully designed at the best in class rate of interest to meet personal or family expenses, for a purchase of consumer durables, gold or gold ornaments, travels expenses, medical treatments, marriage expenses etc. Personal loan from OBC bank can be availed by both salaried & self-employed individuals at lower interest rates to ensure the pocket does not get emptied while servicing the credit over the tenure. Get lowest online personal loan interest rates for OBC bank loans at afinoz.com, One of India’s best loan providers. Apply online for OBC bank personal loan & get a step closure to your dreams & goals.What is afinoz?
Afinoz.com is India's topmost online financial marketplace for availing loans and investments. Our main objective is to make the process of getting a loan or making an investment safer, convenient and hassle-free for individuals. We work with public and private banks, NBFCs and mutual fund houses across the entire country and offer an unbiased quotation on financial products. You can contact our team to get more information or apply for a loan or investment by calling on +918795021552 or by emailing at firstname.lastname@example.org. Afinoz.com provides solutions which are quick, reliable, transparent, confidential and above all free.
Here are some features and benefits of taking a personal loan from oriental bank of commerce.
Oriental Bank of Commerce personal loan eligibility or Oriental Bank of Commercepersonal loan interest rates can be easily assessed through Afinoz. If there is any query about Oriental Bank of Commercepersonal loan application, you should log on to afinoz.com or call us on +918795021552 or mail us at email@example.com and details quickly.
We also offer other financial products such as Business Loan, Home loan, Personal Loan By SBI, Auto loan, Education loan, PNB Business Loan etc. from the top banks and NBFCs at the lowest possible interest rate with no hassle. Our aim is to make financial products reasonable and easily accessib to everyone. We promise to provide quick, reliable, transparent and confidential solutions without any charge. We provide Best Personal Loan In India.
The borrower needs to fulfill following oriental bank of commerce eligibility criteria while applying for OBC personal loan.
Individuals applying for OBC personal loan should pay attention towards documentation required to get the personal loan in Oriental bank of commerce.
Apply for Oriental Bank of Commerce personal loan online at Afinoz.com. You can call us at +918795021552 or email us at firstname.lastname@example.org.You can check your eligibility and tentative EMI for Oriental Bank of Commerce personal loan using our utility tools like personal loan eligibility calculator and personal loan EMI calculator. We assure you of our best services without any hassle and effort at the click of a button from the comfort of your home or office. Once you complete and submit your Oriental Bank of Commerce loan application throughAfinoz.com, you can effortlessly track your loan application status on our website on a real time basis, 24x7.
|Oriental bank of commerce personal loan interest rates|
| For salaried & self-employed |
11.20 to 12.95
1 to 5 years
0.50% of the loan amount with a minimum of
Minimum- 1 year or
Maximum- up to 5 Years
INR- 6000 P.M.
Maximum- INR 3 Lakh
Special Note: Rates are subject to periodic change. Personal loan interest rates in Oriental Bank of Commerce and other fees and charges are subject to regular review and can vary from customer to customer depending upon a number of factors ranging from credit score, to existing loans, amount of savings, company with which you are currently employed, number of years of relationship with Oriental Bank of Commerce etc.
Afinoz.com is one of India's leading personalized financial marketplace. It has created a personal loan platform which lets you choose the best personal loan from the multiple options available to you. All the options are system generated taking into consideration your specific needs and requirements.
Query:-Can an individual apply for an oriental bank of commerce personal loan online?
Reply- All you require to do is to simply enter your personal and financial details on our website or you can directly contact our team by calling at +918795021552 or by emailing at email@example.com.
Query-Is Personal Loan calculator tools of afinoz.com are Free?
Reply -Yes afinoz.com loan calculator tools are completely free and we are not charging any fee for the services we provide.
Query-Can I know the EMI amount of my personal loan in advance?
Reply -Yes we have a unique EMI calculator tool that offers EMI breakup for all loans by entering the loan amount, tenure and rate of interest. You can compare the EMI for different loan amounts and tenures with our tool and finalize the best-suited plan for your budgets before applying for oriental bank of commerce personal loan.
Query-Is my data safe with afinoz.com?
Reply -Completely yes, afinoz.com does not share data with any third party other than the financial institution for application. All data is sent with high level of encryption making it safe and secure at all times.
Query-After applying online with afinoz.com, when will I get the loan amount and how long it will take?
Reply -Afinoz.com immediately submits your oriental bank of commerce personal loan application at your nearest OBC branch. A representative from us will get in touch with you soon to collect documents like salary certificate, identity proof etc. On submitting these documents, the bank initiates verification process and checks your CIBIL score and disburses the loan if all things went well. The process may take 48 to 72 hours.
Query:- What is the required age for an applicant to take Oriental Bank of Commerce personal loan?
Reply-The minimum age requirement is 21 years and the applicant must be less than 68 years of age.
Query:-What is the minimum salary required for a salaried individual to get a personal loan from Oriental Bank of Commerce?
Reply-The applicant’s net monthly salary must not be less than Rs.6, 000. The net take home salary must not be less than 30% of gross salary after the EMI for the proposed loan is deducted.
Query:- What is the requirement for a pensioner to avail personal loan from oriental bank of Commerce?
Reply-The net take home pension of the pensioner should not be less than 50% of the gross pension after the EMI installment for the proposed loan is deducted.
Query:-What is the maximum loan amount provided as personal loan by Oriental Bank of Commerce?
Reply-The maximum loan amount for a salaried individual is Rs.3 lakhs and for pensioners is Rs.2 lakhs.
Query-What is the maximum loan amount that can be disbursed as a personal loan from the Oriental Bank of Commerce?
Reply-The maximum loan amount that can be disbursed depends on the applicant’s salary. For applicants who do not hold an account with the bank, up to 15 times the annual salary (not more than Rs.1,50,000 in total) can be sanctioned. But, for applicants who have maintained a salary account with the bank for at least 6 months, up to 20 times the monthly salary can be sanctioned (maximum loan amount of Rs.3,00,000)
Query-Are there any guarantors, security, or collateral required taking out a personal loan from OBC?
Reply-Depending on the loan amount, eligibility of the applicant, a guarantor may be required. The Oriental Bank of Commerce requires the guarantor to be a co-employee of the applicant, and the same cannot stand as guarantor for more than two accounts.
Query-Is there any penalty interest or penalties on pre-payment?
Reply-Penal interest of 2% is charged in addition to the outstanding loan amount for the period in which repayments were not being made as per the loan agreement. Prepayment does not carry any additional fees or penalties.
Query-Is there any fee that has to be paid up front while taking an OBC personal loan?
Reply-A processing charge of 0.50% of the loan amount (subject to a minimum of Rs.500) + service tax has to be paid at the time of taking the loan.
Query:-What is the maximum repayment period for personal loans from Oriental Bank of Commerce?
Reply-Depending on the applicant’s eligibility, loans are disbursed for tenures of up to 60 months.
Query-What is the interest rate on OBC personal loan?
Reply-The current OBC interest rates are 11.20% to 12.95%.
Query-Oriental Bank of Commerce does not sanction loans of any amount for provisional purposes under the personal loan category.
Query: -For what purposes can a personal loan be taken from Oriental Bank of Commerce?
Reply-Urgent situation expenses and financial needs can be met with Personal loans from Oriental Bank of Commerce (OBC), at times like:
For any query about oriental bank of commerce personal loan application, you can log on to afinoz.com or give us a call at +918795021552 or mail us at firstname.lastname@example.org.