If you really think about it, it's easier getting a loan for a car than a loan for bus fare!
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    Oriental Bank of Commerce (OBC) Car Loan Eligibility Calculator

    We found 3 Oriental Bank of Commerce (OBC) Car Loan Eligibility Calculator

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    9.10% Floating
    ₹500 to ₹7000 + S.T.
    1Cr Max
    7 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.00% Floating
    ₹500 to ₹7000 + S.T.
    1Cr Max
    7 Years
    Response Time Within 30 minutes
    SPECIAL OFFER FOR WOMEN
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    11.60% Floating
    ₹575 to ₹8050
    35K - 25L
    5 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria

    Oriental Bank of Commerce (OBC) Car Loan Eligibility Calculator is Rated as "Great!" by 254 Users

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    Oriental Bank of Commerce Car Loan Overview

    Oriental Bank of Commerce makes owning a car very easy by offering an affordable vehicle loan scheme with competitive interest rates and higher loan amounts. The Oriental car loan scheme can be procured for all types of four-wheelers and two-wheelers, irrespective of the make and model. Oriental Bank of Commerce also offers car loans at a concessional rate of 0.25% depending on the banking relationship of existing OBC customers, OBC home loan borrowers and OBC employees. OBC vehicle loans can be repaid with flexible tenures ranging up to 84 months and can be decided as per the requirements of borrowers.


    Oriental Bank of Commerce Car Loan Eligibility

    • Salaried individuals should be permanently employed at a reputed organisation for a minimum of 1 year to qualify for an OBC car loan. Previous work experience can also be considered to fulfill this requirement.
    • Self-employed professionals like doctors can also apply for an Oriental Bank of Commerce car loan.
    • Business organisations are eligible to apply, provided they have been in business for atleast a period of two years.
    • Agriculturists can also apply and OBC will sanction car loans depending on their repayment capability and land holdings.
    • Non-resident Indians (NRIs) need to apply for an Oriental Bank of Commerce car loan as a joint application along with a resident Indian, who has to be a close relative.
    • Applicants for four-wheeler loans need to furnish a minimum gross income of Rs 20,000/- per month.
    • The eligible loan amount for salaried individuals, professionals and pensioners will be calculated based on the monthly gross income and the pension amount of an applicant. Up to 30 months’ gross salary would be sanctioned provided the net take home after deductions meets the requisite criteria. Businesses should furnish sufficient cash flow for assured loan repayments.
    • Joint applications can be made to improve the eligibility or net take home amount by adding your spouse and other family members.
    • Salaried non-pensionable individuals can be aged up to a maximum of 60 years when they repay the car loan.
    • Salaried individuals with pension can be aged up to a maximum of 65 years when they repay the car loan.
    • Businessmen and professionals do not have an age limit criteria when they opt for a particular loan tenure.

    Factors affecting Oriental Bank of Commerce Car Loan Eligibility

    Oriental Bank of Commerce sanctions car loans only after an applicant fulfills the required eligibility criteria. There are a few factors which can majorly affect an applicant’s eligibility criteria. Here are a few aspects that banks generally consider while approving a loan.

    Profession - The eligibility criteria for an applicant sometimes varies depending on the profession the individual is engaged in. Banks require applicants to be in a profession with a steady income, with sufficient funds to repay the car loan.

    CIBIL Score - Having a good CIBIL score is very important for any individual planning on taking any kind of loan. Individuals who are able to efficiently manage their liabilities and pay bills on time always carry a good credit score. Car loan approvals are easy to get when you have a good credit history. On the other hand, a low score only brings down your chances of getting quick and hassle-free sanctions.

    Age - Most banks always have an age limit, while approving a car loan. Applicants who still have sufficient working years ahead of them, might get quick sanctions but individuals nearing retirement age might not get higher amounts approved. Banks generally consider the repayment capacity of an applicant while approving a car loan and ensure that individuals have the financial strength to repay the loan comfortably.

    How do you increase your eligibility for an Oriental Bank of Commerce Car Loan?

    • Make joint applications along with your family members like spouse, parents or siblings, so that the co-applicant’s income can also be considered to improve the eligibility. This will help you get sanctions for higher loan amounts.
    • When you apply for a new loan, make sure you don’t carry forward any extra liabilities or debts. If possible, pay off all your pending loans and debts, so that your eligibility for a new OBC car loan increases drastically.
    • Showing extra sources of income and savings might help you get higher loan amounts from banks, as this assures the lender that the applicant can comfortably repay the car loan.

    Oriental Bank of Commerce Car Loan Eligibility Calculators

    Car loan eligibility calculators have been designed specially to help prospective borrowers understand if they fulfill the eligibility criteria when they avail a particular bank loan. These tools require only few inputs and customers can have their eligibility calculated in a matter of seconds. Customers need to enter details like name, date of birth, make or model of the car, profession, income and on-road price into the car loan emi calculator. Based on these inputs, the tool displays information with regards to an applicant’s eligibility for an Oriental Bank of Commerce car loan.

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  • Oriental Bank Of Commerce Car Loan Reviews

    • Oriental Bank of Commerce Car Loan
      "Service Was not Good"
      0.5 1.0/5 "Really Bad"
      Actually I did not receive enough response from Oriental Bank of Commerce for my car loan. I have not even received one call from the bank. So I just postponed my plan in getting a loan and I canceled my car loan application with OBC. Later I opted from other resources with low ROI
      Was this review helpful? 0
      , pune
      Reviewed on May 25, 2017
    • Oriental Bank of Commerce Car Loan
      "Good services"
      0.5 5.0/5 "Blown Away!"
      Oriental Bank of Commerce has been too good in their services as they contacted me on time after I had applied for a car loan. Unfortunately I had to take back my application due to some financial reasons which I had personally. Not sure on the interest rate and charges. It would be a recommendable bank depending upon the situation at that moment.
      Was this review helpful? 0
      , noida
      Reviewed on May 22, 2017
    • Oriental Bank of Commerce Car Loan
      "Perfect Service"
      0.5 5.0/5 "Blown Away!"
      I had taken a car loan from Oriental Bank of Commerce. The whole process went good without any constrains at any point of time. The banker is perfectly good in providing the service for my car loan. I appreciate for their work and their effort. I am satisfied with the bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 22, 2017
    • Oriental Bank of Commerce Car Loan
      "Quick and fast service"
      0.5 5.0/5 "Blown Away!"
      Instant response was given on my car loan with Oriental bank of commerce. There was no delay in the process. OBC took around a week time to disburse my car loan. The rate of Interest is nominal, when compared with other banks. Overall the process is absolutely very good.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 18, 2017
    • Oriental Bank of Commerce Car Loan
      "Could be more quick"
      0.5 2.0/5 "Expected more"
      The process was a bit painful with OBC for the car loan. I was supposed to finish everything on our first trip and I prepared all my documents and took it to the bank. Since the bank was not prepared with their paper work. I had to go over twice more. The bank was also a bit far and the whole process was done three weeks.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 15, 2017
    • Oriental Bank of Commerce Car Loan
      "Good. Can be more flexible"
      0.5 3.0/5 "Satisfactory"
      OCB was not very flexible in the car loan process. I could not get the loan done through my branch and I had to travel far to the main branch and submit my documents. The rate of interest was normal and I am not sure on the processing charges so I do not want to rate them on it.
      Was this review helpful? 1
      , faridabad
      Reviewed on May 12, 2017
    • Oriental Bank of Commerce Car Loan
      "Prompt and reliable"
      0.5 4.0/5 "Great!"
      I got the better offer with other bankers, so only I have not dealt with the Oriental bank of commerce and the interest rate was around 12% and I was not okay with them. Customer service and every other aspects are very prompt , also the response was good with them. In future, If I do have any requirement, I would like to choose Oriental bank of commerce.
      Was this review helpful? 0
      , pune
      Reviewed on May 10, 2017
    • Oriental Bank of Commerce Car Loan
      "Excellent "
      0.5 5.0/5 "Blown Away!"
      Primarily because I postponed the plan, I had not taken the car loan from Oriental bank of commerce and the interest rate was around 9.25%. Customer service was good one with them and the response too. In the near future, I would like to go ahead with them.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 09, 2017
    • Oriental Bank of Commerce Car Loan
      "Quick services"
      0.5 5.0/5 "Blown Away!"
      I did not go ahead for the car loan with Oriental Bank of Commerce as I happened to postpone my plan for a year. The services are excellent and the team contacted me and informed me the details. They were average on the rate of interest and processing charges.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 09, 2017
    • Oriental Bank of Commerce Car Loan
      "Excellent services"
      0.5 5.0/5 "Blown Away!"
      OBC were good in the response and services as they contacted me on time for the car loan. I did not go ahead is because I dropped my plans to take the vehicle for now. The deal on the interest rate and processing charges are also good and satisfactory.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 09, 2017
    • Oriental Bank of Commerce Car Loan
      "Interest rate should be flexible as per the market"
      0.5 5.0/5 "Blown Away!"
      Everything is good in Oriental Bank except the interest rate, it was quite higher side, they have committed the interest rate of 9.1% but I got better best offer from Ford finance with the interest rate of 7.99% it is low in the market. Hence I haven't process with oriental bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 09, 2017
    • Oriental Bank of Commerce Car Loan
      "Not Satisfactory"
      0.5 1.0/5 "Really Bad"
      After me applying for a car loan with Oriental Bank of Commerce I got no response from them. It was completely zero response and it has not been a satisfactory experience. They had not acknowledged my details to inform me if they could proceed further or not.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 09, 2017
    • Oriental Bank of Commerce Car Loan
      "Wonderful"
      0.5 4.0/5 "Great!"
      I had not finalized the car and that was the main reason, why I have not taken the car loan with the Oriental bank of commerce. Rate of interest was around 8.9% and the customer service was good one with them. There were no worries with the Oriental bank of commerce.
      Was this review helpful? 1
      , vadodara
      Reviewed on May 08, 2017
    • Oriental Bank of Commerce Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I applied for a car loan with Oriental Bank of Commerce. They had processed my application without any delay and provided a proper service. I received a good response from them but I could not produce the documents so I just closed the application.
      Was this review helpful? 0
      , nagpur
      Reviewed on May 08, 2017
    • Oriental Bank of Commerce Car Loan
      "Right solution for the customers "
      0.5 5.0/5 "Blown Away!"
      I haven't got the car loan with Oriental bank of Commerce, because Hdfc has gave the car loan with the lowest interest, when compared with OBC bank. The Response and the follow up was outstanding with OBC bank. I would suggest OBC has to pass on the benefits to the customers in future. I would like say thanks to OBC for their timely follow up.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on May 08, 2017
    • Oriental Bank of Commerce Car Loan
      "Good services"
      0.5 4.0/5 "Great!"
      The experience was good at Oriental Bank of Commerce for the car loan. Though I could not take the loan because I had to drop plans. The services was good and they responded on time time. The deal was also pleasing on the interest rate and processing charges.
      Was this review helpful? 0
      , gurgaon
      Reviewed on May 08, 2017
    • Oriental Bank of Commerce Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I postponed my plans in buying a vehicle for the next couple of months and I cancelled my application for the car loan with OBC. The bank had done a good job in contacting me on time and informing me the details. I had chosen this bank because they had provided a good deal on the interest rate.
      Was this review helpful? 0
      , noida
      Reviewed on May 07, 2017
    • Oriental Bank of Commerce Car Loan
      "Overall good"
      0.5 4.0/5 "Great!"
      When I applied for a car loan with OBC the team asked me to visit the bank near my location. Simultaneously I got a better deal at SBI. So I cancelled my application with the bank. The services was good and overall smooth a splendid performance.
      Was this review helpful? 0
      , nagpur
      Reviewed on May 06, 2017
    • Oriental Bank of Commerce Car Loan
      "Perfect Service"
      0.5 4.0/5 "Great!"
      Responses are perfect from Oriental Bank of Commerce on my car loan. I had not faced any kind of issues with OBC in taking a car loan. They approached me in a good manner and started to process my loan application but somehow I arranged money to buy a car. Eventually, my application is closed with them.
      Was this review helpful? 0
      , vadodara
      Reviewed on May 06, 2017
    • Oriental Bank of Commerce Car Loan
      "Fast Service"
      0.5 5.0/5 "Blown Away!"
      Very fastly OBC responded on my car loan application. It was like a quick service I received from them. But actually I was not in a need at that time so I did not take a loan from them. But their way of responsiveness and their customer support is really good and appreciable.
      Was this review helpful? 0
      , chennai
      Reviewed on May 06, 2017
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