Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 1 OBC Personal Loan EMI Calculator

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.85% - 11.85% Floating
    0.5% One time fee
    50 K - 10 L
    1-5 Years
    Response Time Within 30 minutes
    Guarantor Required Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria

    OBC Personal Loan EMI Calculator is Rated as "Great!" by 52 Users

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    Personal Loan BYTES FROM OUR KITCHEN

    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.

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  • Personal Loan Reviews

    • 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
    • Oriental Bank of Commerce Personal Loan
      "No proper response"
      0.5 2.0/5 "Expected more"
      Oriental bank of commerce haven't made a proper follow up in concern to my personal loan application. I would like to suggest that OBC must maintain a process on their follow up and the call backs in regards to any product. The rate of interest is nominal with OBC. Overall the service need to be improved very much.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 29, 2017
    • Oriental Bank of Commerce Personal Loan
      "Work on Customer Oriented"
      0.5 1.0/5 "Really Bad"
      When I applied with Oriental bank for the personal loan, I received call from them stating they need documents from me. So I kept all the documents ready and I am waiting for the call from OBC but I did not receive any calls from them but I got mail stating my application has been rejected. The reason for I choose OBC is because of the interest rate, with them the interest rate is around 11.85% but with other banks it is 17%. But I did not receive the loan.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 25, 2017
    • Oriental Bank of Commerce Personal Loan
      "Delayed response"
      0.5 2.0/5 "Expected more"
      After me applying for a personal loan with Oriental Bank of Commerce, they delayed by couple of days to contact me. And then the process seemed long too. So I cancelled my application and I went ahead with another bank. I am not too sure on the interest rate and charges.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 25, 2017
    • Oriental Bank of Commerce Personal Loan
      "Its Good"
      0.5 3.0/5 "Satisfactory"
      Oriental bank of commerce executives did not visit my place to collect the documents they asked me to upload the documents through online channel, I tried uploading but there was an issue. Then I didn't get any response from them, finally my application was closed.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 25, 2017
    • Oriental Bank of Commerce Personal Loan
      "Delayed response"
      0.5 2.0/5 "Expected more"
      Since OBC contacted me much after I had applied for a personal loan, I did not wish to proceed ahead. I received a call after couple of days and it was not a very satisfactory experience. No information on the interest rate and processing charges.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 25, 2017
    • Oriental Bank of Commerce Personal Loan
      "Satisfied"
      0.5 4.0/5 "Great!"
      I have not taken the personal loan with the Oriental bank of commerce because I have postponed the plan to some extent. Rate of interest was around 10% for the personal loan and the customer service was good one and they were polite too.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on May 24, 2017
    • Oriental Bank of Commerce Personal Loan
      "Better "
      0.5 4.0/5 "Great!"
      I have expected more capital with the Oriental bank of commerce as the personal loan but they were not okay to provide, so I have cancelled the application. Rate of interest was around 13% and the services were good and its the unexpected one. I don't have any issues with them till now. Customer service was good one with them.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 24, 2017
    • Oriental Bank of Commerce Personal Loan
      "Could have more clarity in the services"
      0.5 3.0/5 "Satisfactory"
      When I applied for a personal loan with Oriental Bank of Commerce, the bank did not proceed ahead though my documentation was perfect. They collected all my papers and started the process and finally declined the loan without giving me a proper reason for it. The had a good deal on the interest rate and fee.
      Was this review helpful? 0
      , vadodara
      Reviewed on May 24, 2017
    • Oriental Bank of Commerce Personal Loan
      "Good in services"
      0.5 4.0/5 "Great!"
      OBC contacted me when I had applied for a personal loan and checked on my requirement. Since I was out of town I could not submit my documentation and the loan was closed. The interest rate of around 11% and the bank had a affordable processing fee as well.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 24, 2017
    • Oriental Bank of Commerce Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      The Oriental Bank of Commerce executive told that they will come and collect the documents , but no one turned on the promised date and time. The response and the follow up is fine with them. The rate of interest is nominal when compared with others. Overall I am satisfied with the service.
      Was this review helpful? 0
      , chennai
      Reviewed on May 24, 2017
    • Oriental Bank of Commerce Personal Loan
      "Below average service"
      0.5 1.0/5 "Really Bad"
      Oriental bank commerce executive told that my company is not listed in their list, that was the reason I haven't got the personal loan from OBC. They haven't explained me about the product. The oriental bank of commerce can be improved and focused with customer queries in future .
      Was this review helpful? 0
      , chennai
      Reviewed on May 22, 2017
    • Oriental Bank of Commerce Personal Loan
      "Good services & deal"
      0.5 4.0/5 "Great!"
      Since my requirement got delayed and I was not sure when I would need the funds. So I cancelled my request for the personal loan with OBC. The bank was the best at that moment with the rate of interest and processing charges. They were charging around 11% and the processing charges was also nominal for me. The services were good as they contacted me on time.
      Was this review helpful? 0
      , pune
      Reviewed on May 22, 2017
    • Oriental Bank of Commerce Personal Loan
      "Best Service"
      0.5 4.0/5 "Great!"
      ICICI bank took around 7 days to disburse my personal loan. The rate of interest was very nominal with ICIC bank. The response and the follow up was very prompt, they took initiative and approved a car loan with ICICI bank. I can tell, ICICI service was very supportive concerned to my car loan .
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 28, 2017
    • Oriental Bank of Commerce Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I had applied for the personal loan with Oriental bank of Commerce and their response was quite good. They gave me a call in very next day, after they got my application. But I have got the same interest rate with ICICI bank, that was the reason I can't avail loan from OBC bank. The rate of interest and other charges were very much nominal with OBC.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 28, 2017
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