About the bank

OBC stands for Oriental Bank of Commerce. It is one of the reputed banks in India established in 1943. The bank is serving the masses since pre-independence and brings forth a plethora of financial products. 

Oriental Bank of Commerce Personal Loan

OBC bank offers personal loans to both salaried & self-employed individuals at competitive interest rates to ensure the interest component remains easy on the pocket and affordable. So, what are you waiting for? Get the lowest online personal loan interest rates from OBC bank at, one of India’s best loan providers with amazing cashback offers. Apply online for OBC bank personal loan & get a step closure to your dreams & goals.

Interest Rate & Charges

Oriental bank of commerce personal loan interest rates

General-Interest Rates

Starting from 11.50%

Loan tenure

1 to 5 years

Processing Fee

0.50% of the loan amount with a minimum of
Rs.500+Service tax, if any

Repayment Period

Minimum- 1 year or

Maximum- up to 5 Years

Minimum Income

INR- 6000 P.M.

Loan Amount

Maximum- INR 3 Lakh

Prepayment charges


Eligibility Criteria - OBC Personal Loan

  • Age limit: Required age for oriental bank of commerce personal loan application is minimum21 years to maximum 68 years at loan maturity.
  • The exit age for pensioners is 75 years.
  • Service: Minimum service of 3 years, including service with the previous employer(s), if any.
  • Salary: The net monthly salary should not be less than Rs 6,000/-.
  • Quantum of the loan: iOne can avail a loan up to 15 months net take-home salary, subject to a maximum of Rs.1.50 Lakh. Up to 20 times net take home salary with a max of Rs.3.00 lakh in case the salary account is maintained with the OBC branch for a minimum period of 6 months or Employee undertaking to deduct and remit the due installments to the bank.
  • Guarantor: To avail oriental bank of commerce personal loan one personal guarantee required preferably of a fellow employee, subject to the condition that one employee will not stand as guarantor in more than two accounts.
  • CIBIL score: Credit score should be 750 or above.

Document Required- OBC Bank Personal Loan

Individuals applying for OBC personal loan should pay attention towards documentation required to get the personal loan in Oriental bank of commerce.

  • Loan application form with a passport sized photographs
  • Identity proof: Passport Copy/ Voters ID card/ Driving License/PAN card/Aadhar Card etc.
  • Address Proof: Valid Passport/Voter’s ID card/ Ration Card/Lease Deed/ Rent agreement Copy
  • Latest IT Return/Original Letter from Company/Telephone/Electricity Bill
  • Age proof: PAN Card, Passport copy
  • Signature Proof: PAN Card, Driver’s License, Passport copy, Banker’s attestation of Bank Account Statement
  • Income details: Last 3 months’ pay slips and Form 16
  • last 6 months bank account statements

Features and Benefits - OBC Personal Loan

Here are some features and benefits of taking a personal loan from the oriental bank of commerce.

  • Flexible end-use of the loan amount
  • Highly competitive interest rates
  • Tenures available up to 60 months
  • No requirement of collateral for Oriental Bank of Commerce Personal Loan
  • Low processing charge
  • Loan payable in easy installments
  • Special offers, interest rates & nominal charges for oriental bank of commerce account holders.
  • Special personal loan offers for women employees.
  • Transparent procedure
  • Zero prepayment charges
  • Fast loan processing & disbursal


Q1 Can an individual apply for an oriental bank of commerce personal loan online?
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 0120-411-0376 or by emailing at We will take care of your request.
Q2 Is Personal Loan calculator tools of are free?
Absolutely, loan calculator tools are completely free and we are not charging any fee for the services we provide.
Q3 Can I know the EMI amount of my personal loan in advance?
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.
Q4 Is my data safe with
Completely yes, does not share data with any third party other than the concerned financial institution for application. All data is sent with a high level of encryption making it safe and secure at all times.
Q5 After applying online with, when will I get the loan amount and how long it will take? 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.
Q6 What is the required age for an applicant to take Oriental Bank of Commerce personal loan?
The minimum age requirement is 21 years and the applicant must be less than 68 years of age.
Q7 What is the minimum salary required for a salaried individual to get a personal loan from Oriental Bank of Commerce?
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.
Q8 What is the requirement for a pensioner to avail an OBC Personal Loan?
The net take-home pension of the pensioner should not be less than 50% of the gross pension after the EMI instalment for the proposed loan is deducted.
Q9 What is the maximum loan amount provided as a personal loan by Oriental Bank of Commerce?
The maximum loan amount for a salaried individual is Rs.3 lakhs and for pensioners is Rs.2 lakhs.
Q10 What is the maximum loan amount that can be disbursed as a personal loan from the Oriental Bank of Commerce?
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)
Q11 Are there any guarantors, security, or collateral required taking out an OBC Personal Loan?
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.
Q12 Is there any penalty interest or penalties on pre-payment of OBC Personal loan?
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.
Q13 Is there any fee that has to be paid up front while taking an OBC personal loan?
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.
Q14 What is the maximum repayment period for personal loans from Oriental Bank of Commerce?
Depending on the applicant’s eligibility, loans are disbursed for tenures of up to 60 months.
Q15 What is the interest rate on OBC personal loan?
The current OBC interest rates are 11.20% to 12.95%.
Q16 For what purposes can a personal loan be taken from Oriental Bank of Commerce?
Urgent situation expenses and financial needs can be met with Personal loans from Oriental Bank of Commerce (OBC), at times like: • Medical emergencies. • To meet travel expenses • To purchase of jewellery, consumer durables, etc.. • To meet education expenses For any query about oriental bank of commerce personal loan application, you can log on to or give us a call at 0120-411-0376 or mail us at
Sunita Khandelwal
08 Oct 2020
I wanted a personal loan and while searching I came across the Afinoz’s website. I found it quite informative, and then I decided to contact them. Their representative suggested to me a few banks as per my requirements. Finally, I chose the Oriental Bank among them. Afinoz helped me a lot in getting a great deal. I’m well satisfied with their services.
Vidhir Jain
30 Jan 2020
I was very confused before I checked the website of Afinoz. All my confusion got sorted once I checked the website. The website gave me all the important information about the loan schemes as per my requirements. And then I contact to Afinoz team and It was a wonderful experience with the support team of Afinoz.
Dinesh Khan
12 Sep 2019
In Jan 2017 I was looking for Personal Loan from OBC and was very confused before I checked the website of Afinoz. Once I checked the website, I was clear. The website gave me all the important information about the loan schemes of OBC Personal Loan as per my requirements.