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  • OBC Personal Loan EMI Calculator is Rated as "Pretty good" by 65 Users

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    OBC Personal Loan EMI Calculator

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    Overview about OBC Personal Loan EMI Calculator

    Oriental Bank of Commerce offers a wide array of financial services such as corporate banking, private banking, medical insurance services, wealth management, NRI services and equity trading. The bank is also involved with government related functions such as PPF schemes and pension systems. Personal loans from Oriental Bank of Commerce are very popular among borrowers in the market. The bank offers personal loans at competitive rates, making it a preferred choice for loan borrowers. OBC Personal Loans can be availed for an amount ranging between Rs.50,000 and Rs.5,00,000. With minimum documentation and flexible repayment mechanisms, taking a personal loan from OBC (Oriental Bank of Commerce) is very easy.

    How to use BankBazaar Oriental Bank of Commerce Personal Loan Calculator to understand your Personal Loan Repayment?

    The OBC personal loan can be repaid in monthly installments or EMIs that constitute the principal amount and applicable rate of interest. It is crucial to understand the breakup of the EMI amount before applying for a loan. Knowing the EMI amount that you will incur each month will help you determine the monthly budget as well as financial planning. Calculation of EMI manually is cumbersome and requires you to try out various combinations of loan tenures and loan amounts to reach an ideal EMI that fits your budget. You may be required to make repeated calculations over and over again, which can get tiring as well as taxing.

    BankBazaar’s Personal Loan EMI Calculator is an online tool that can be used universally to calculate the installment amount towards a personal loan from OBC. The tool also gives a total breakup of all charges included in the loan. The calculator makes use of the amortisation table to generate an instant output.

    To calculate EMI using the Personal Loan EMI calculator, you will have to visit BankBazaar’s home page. On the extreme right of the page, find the drop down menu and select ‘Finance Tools’. From the list under the tools, select ‘EMI Calculator’. You are then required to enter loan details that include:

    • Amount to be borrowed,
    • Interest rate being offered,
    • Loan tenure chosen and processing fee charged by the bank.

    You will also have to select between the option of making or not making pre-payments towards the loan. Clicking on ‘Calculate’ generates the monthly EMI amount that you will incur towards the loan.

    How does the OBC Personal Loan EMI Calculator Work?

    The OBC Personal Loan EMI Calculator uses the following formula to calculate the EMI:

    E = P x R x (1+R)^n/[(1+R)^n-1]

    Where, E is the EMI (Equated Monthly Installment)

    P is the Principal amount

    R is the monthly interest rate

    n is the loan tenure in months

    The loan EMI calculator also considers a processing fee that is charged by the bank for calculation of EMIs. It usually depends on the bank and ranges from 1% to 3%.

    Features and Benefits of OBC Personal Loan EMI Calculator

    The online EMI calculator has many benefits for borrowers such as:

    • Ease of use – Calculations on this tool can be done effortlessly. This enables you to make comparisons between various banks offering different loan rates and make quick decisions.
    • Speed of Calculation – Using the online calculator, you can determine the EMI amount in seconds, rather than manually calculating for hours. This efficient system allows you to explore various loan tenure options, interest rates, and loan amounts to arrive at a suitable EMI.
    • Accuracy – The personal loan EMI calculator is more accurate than manual calculation as the latter has a high risk of error. As there are multiple calculations involved in selecting the right loan for you, this online tool is ideal.
    • Graphic Representation – The online tool not only provides you with the EMI amount but also gives you a graphical representation of the loan details in the form of a pie diagram. The diagram shows you the principal amount, rate of interest, and processing fee.
    • Use of Amortisation Table – EMI calculator uses amortisation table to depict the loan progress over time. It shows you how much of the loan you will have repaid each year, in terms of the principal and interest.

    OBC Personal Loan Calculator FAQs

    1. Can I use this tool to compare loans offers from other banks as well?

      Yes, this tool is a generic tool and can be used to compare loan offers from other banks as well. All you have to do is change the data and the calculator will do its job automatically.

    2. Is the information generated by the calculator accurate?

      The calculations made using this universal tool is almost accurate as it uses a general formula to calculate EMI. However, there could be slight variations owing to additional charges of the bank.

    3. Can I use excel sheet to calculate and compare EMIs of various loans offered by different banks with OBC?

      Yes, loan comparison can also be made using excel sheets by programming a formula and then entering the data to generate EMI. Whereas, in an online loan EMI calculator has an automated formula which makes it ready to use.

    4. At what rate does Oriental Bank of Commerce charge a processing fee for personal loans?

      OBC charges a processing fee of 0.50% of the loan amount with a minimum of Rs.500 along with Service Tax.

    Personal Loan Reviews

    • Oriental Bank of Commerce Personal Loan
      "Good banking"
      0.5 4.0/5 "Great!"
      I had requested for a personal loan with Oriental bank.The loan amount is 1.2 lakhs.Rate of interest i dot remember.I closed the application as i was not interested to proceed hence got moved to a different bank with good offers.The customer service was good and explained the details.
      Was this review helpful? 0
      , vadodara
      Reviewed on Nov 15, 2017
    • Oriental Bank of Commerce Personal Loan
      "poor service "
      0.5 1.0/5 "Really Bad"
      I had applied for a personal loan with oriental bank of commerce.Loan amount i requested was 4.5 lakhs.Rate of interest is 11.67 is nominal as compared to others.They had called me after 35-40 days post applying for the loan request,very delay in response,not satisfied with the service.hence closed the application and got loan from a different bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 01, 2017
    • Oriental Bank of Commerce Personal Loan
      "Good banking service"
      0.5 2.5/5 "Just OK"
      I had requested for a personal loan with Oriental bank of commerce. Loan amount is three lakhs the interest rate offered was 11% which is higher as compared to others,Post applying i did not receive any update or calls for the same. Overall I am not happy with OBC service,.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 01, 2017
    • Oriental Bank of Commerce Personal Loan
      "No response and follow up"
      0.5 1.0/5 "Really Bad"
      I had applied for a personal loan with oriental bank but the application did not proceed i was told that an executive would come to collect the documents after which no one had turned out to collect them nor have i got any information on the application status or the reason why the application did not proceed.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 30, 2017
    • Oriental Bank of Commerce Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      My personal was taken before 3 years. They have offered me 3L with the interest rate of 12%. I pay EMI of 7k/month through ECS. I got a proper response. The part payment and pre closure option is good. The customer service is good. The loan was disbursed on time. The documentation process was little bit complicated.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Oct 28, 2017
    • Oriental Bank of Commerce Personal Loan
      "excellent service"
      0.5 5.0/5 "Blown Away!"
      The service from ORIENTAL for my personal loan service was excellent the customer service was good , I don't remembered about the rate of interest offered by ORIENTAL,but it was a happy experience from ORIENTAL bank for my personal loan service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 27, 2017
    • Oriental Bank of Commerce Personal Loan
      "Transparency is needed"
      0.5 4.0/5 "Great!"
      The interest rate is very low with Oriental bank of commerce personal loans. I have asked for the 3years tenure but at the end of the process they gave me the documents with 5years tenuity. The transparency is missing in the process. The promises need to be fulfilled with OBC.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 15, 2017
    • Oriental Bank of Commerce Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The personal loan service was fine with Oriental Bank of Commerce . They have disbursed the loan within10 to 15days of time. The customer service was good with Oriental Bank . The rate of interest is nominal with OBC when compared with other banks.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 14, 2017
    • Oriental Bank of Commerce Personal Loan
      "Better Banking"
      0.5 1.0/5 "Really Bad"
      I had applied for a personal loan with oriental bank. I have cancelled my application and got funds from a different source,reason for cancellation is the service was really bad they didnt process my application immediately. Initially i was informed that documents are not required after2 days they asked me to submit the document. Therefore, I am totally unhappy with their service.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 07, 2017
    • Oriental Bank of Commerce Personal Loan
      "Average service"
      0.5 1.0/5 "Really Bad"
      The Oriental Bank of Commerce has told that my company has not listed under the eligibility criteria , so that was the reason I haven't got the personal loan from OBC. The customer service was good with OBC, They gave better response in regards to my personal loan application. The rate of interest was nominal when compared with others.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 14, 2017
    • Oriental Bank of Commerce Personal Loan
      "Fair Response"
      0.5 4.0/5 "Great!"
      I preferred Oriental Bank of Commerce for my personal loan requirement. The bank responded well and I had received proper calls and information from the bank about the loans but due to my credit score constrains I could not avail the loan from the bank.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 30, 2017
    • Oriental Bank of Commerce Personal Loan
      "No Response"
      0.5 1.0/5 "Really Bad"
      Actually I done my loan process with other bank so I did not continue the personal loan with Oriental Bank of Commerce. I did not receive any single call from the bank. There was no call or message from OBC for my loan application and I got the loan from other bank.
      Was this review helpful? 0
      , pune
      Reviewed on Aug 11, 2017
    • Oriental Bank of Commerce Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      OBC contacted me initially and later there was no follow up calls from them for the personal loan. There was also no proper clarification or information on the rate of interest and processing charges. I would not wish to refer the bank from the current experience.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 08, 2017
    • Oriental Bank of Commerce Personal Loan
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      I haven't got the car loan with Oriental Bank of Commerce, because I got the best interest rate with other bank, so that was the reason I haven't proceed with Oriental Bank car loan. The customer service and the response was good with OBC. The rate of interest is nominal .
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 11, 2017
    • Oriental Bank of Commerce Personal Loan
      "Good Response"
      0.5 4.0/5 "Great!"
      I had applied for the personal loan with Oriental Bank of Commerce but after a while I just postponed my plan in taking the loan. But when I approached the bank I had received very good response and they contacted me properly and provided the details.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 21, 2017
    • Oriental Bank of Commerce Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      Oriental Bank of Commerce provided a good response when I applied for the personal loan with them. I never found any challenge with OBC when I approached them for the loan process. But then I had to close my personal loan application due to some reason.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 19, 2017
    • Oriental Bank of Commerce Personal Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      The oriental bank was offering the personal loan with very high interest rate like 10 to 11% which is really high at the market price, when compared with others. The response and the follow up was prompt with Oriental bank of commerce. I would like to suggest them to decrease the interest rate in future. Overall, I would say service is good with OBC.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 03, 2017
    • Oriental Bank of Commerce Personal Loan
      "They should give proactive response to the customers"
      0.5 3.0/5 "Satisfactory"
      Oriental Bank of Commerce requested me to share the personal guarantor details from my office, by the time I was able to arrange the money through my own source. Hence I didn't take loan from Oriental bank of commerce and their response is also not up to the mark, they have collected documents and they took two months to process the loan, finally they asked for personal guarantor, I am not fine with that, OBC should improve on their service part.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 30, 2017
    • Oriental Bank of Commerce Personal Loan
      "Better Service"
      0.5 3.0/5 "Satisfactory"
      Actually I submitted my personal loan application with Oriental Bank of Commerce through online source. For the personal loan they quoted high rate of interest so I am not happy with that, hence I closed the application. But Oriental bank of commerce is really good in providing customer service.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 30, 2017
    • Oriental Bank of Commerce Personal Loan
      "Response part has to be improved"
      0.5 3.0/5 "Satisfactory"
      Some body from the Bank called me during the initial stage and ask to me to keep my documents ready but there was no response from their end. Oriental Bank of Commerce is a good bank but some staff were not responded well. Hence I am unable to process my loan with them, OBC bank should improvise on the response part.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 30, 2017
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