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

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.95% Floating
    ₹500 to ₹7000 + applicable tax
    1Cr Max
    7 Years
    Response Time Within 30 minutes
    Rs.2,500 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.85% Floating
    ₹500 to ₹7000 + applicable tax
    1Cr Max
    7 Years
    Response Time Within 30 minutes
    Rs.2,500 Amazon voucher free SPECIAL OFFER FOR WOMEN
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    11.45% Floating
    ₹575 to ₹8050
    35K - 25L
    5 Years
    Response Time Within 30 minutes
    Rs.2,500 Amazon voucher free
    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 333 Users

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    Car Loan BYTES FROM OUR KITCHEN

    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.
    Apply for Car Loan Online

    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
      "Very interesting"
      0.5 4.0/5 "Great!"
      Very interesting ,very comfortable with the loan process, It was completed well within the time farme. I had received the loan amount. The fact is they are very much cooperative and they always focus on the customers need and they always try to provide the best customer service . I am a customer of this bank for about 4 months only did not experience anything negative It would be better if they send SMS before 2 days before due date.They had collected rs 4000 as documentation for the processing fee.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 07, 2017
    • Oriental Bank of Commerce Car Loan
      "Average service"
      0.5 3.5/5 "Pretty good"
      The Oriental bank of commerce gave good service in regards to my car loan application. They told that they can process my car loan but I had doubt about my credit score, so that was the reason I haven't proceed with OBC car loan. The customer service and the response was good with OBC. The rate of interest is nominal with OBC.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jul 24, 2017
    • Oriental Bank of Commerce Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I didn't find the car which I want to buy, but the Oriental bank was ready to offer the loan , so that was the reason I have asked them to close the car loan application. The customer support and response with OBC is good . The rate of interest is nominal with OBC.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 24, 2017
    • Oriental Bank of Commerce Car Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The rate of interest is very high with Oriental bank of commerce when compared with other banks, so that was the reason I haven't got the car loan with Oriental bank. The customer service and the response is average with Oriental Bank of Commerce.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 24, 2017
    • Oriental Bank of Commerce Car Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      Right now I am not planning to buy a new car, so that was the reason I haven't got the car loan with Oriental Bank of Commerce. The customer service and their response is good with OBC. The rate of interest is low . I would say OBC gave better service in concern to my car loan application.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 10, 2017
    • Oriental Bank of Commerce Car Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      OBC has extended the plan to get the loan for my car after some time, so I did not go ahead with the Oriental bank of commerce for the finance of my car. They provided a good response and the loan amount that I had opted for was 8 lakhs and it was an average service.
      Was this review helpful? 0
      , indore
      Reviewed on Jul 10, 2017
    • Oriental Bank of Commerce Car Loan
      "Loan interest should be flexible"
      0.5 2.0/5 "Expected more"
      Bank executive called me and I didn't compromise with Oriental bank of commerce norms. They offered me high rate of interest rather than SBI and they have some processing fee for the car loan. I just said to Oriental bank executive will get back but my application got closed.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 07, 2017
    • Oriental Bank of Commerce Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I got the car loan from HDFC bank because I got it with the same Interest as Oriental bank of commerce offered. so that was the reason I haven't got the car loan with Oriental bank of commerce. I haven't met any of the OBC executives but they gave me frequent calls and explained me about the product, they were prompt with their service. The rate of interest is nominal with OBC.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 07, 2017
    • Oriental Bank of Commerce Car Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      The car loan experience with OBC has not been up to the mark. The bank contacted me initially and later there was no follow up calls done .So went ahead with another bank which provided better services. Not sure on the interest rate and charges the amount that I was in need is 8 lakhs.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 07, 2017
    • Oriental Bank of Commerce Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      OBC is doing good in the services as the contacted me on time and the overall experience was nice. I did not take the car loan because I had postponed my plans and for the GST issues, I have applied for 8.5 lakhs loan Their customer service was also good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 04, 2017
    • Oriental Bank of Commerce Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I did not go ahead with OBC for the car loan , because they were not ready to provide the car loan in the name of company. The response what they had provided was on time and the bank had informed me the details. Over all their banking process is really good.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 03, 2017
    • Oriental Bank of Commerce Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Due to my personal reasons I did not go ahead for the car loan therefore I had postponed the plan. The customer services were good and they were prompt. OBC also continued to check about my requirement. Since I had not taken the loan I have not discussed anything about the rate of interest as well.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 01, 2017
    • Oriental Bank of Commerce Car Loan
      "Responce Was Not Good"
      0.5 2.0/5 "Expected more"
      Oriental bank of Commerce neither bothered to process my my car loan application. The OBC never gave any kind of response after giving my requirement Oriental bank need to concentrate on their customers in order to compete with other banks.I have applied for 30 lakhs loan.
      Was this review helpful? 0
      , thane
      Reviewed on Jun 29, 2017
    • Oriental Bank of Commerce Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      Due to my personal reasons I did not go ahead for the car loan. The customer services was good and they were prompt Since I have not taken the loan I do not wish to comment on the rate of interest and charges and frankly speaking its been so many days and I have no idea about ROI and the loan amount I have applied for four lakhs.
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Jun 29, 2017
    • Oriental Bank of Commerce Car Loan
      "Responce Was Not Good"
      0.5 3.0/5 "Satisfactory"
      I had applied for a car loan with Oriental Bank of Commerce. The team contacted me once and the reason I did not go with Oriental bank of Commerce for the car loan because the rate of interest was high 12% and They did have proper communications with me actually i had to call them and asked for the details.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 29, 2017
    • Oriental Bank of Commerce Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      Due to my personal commitments, I had not availed the car loan from Oriental Bank Of Commerce . Hence I don't have any interest to process, but OBC gave me good service, they are the best in the market the rate of interest was minimal but not sure how much it is and the loan amount was trying to opt is around 2.50 lakhs
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 29, 2017
    • Oriental Bank of Commerce Car Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I had applied for a car loan with OBC and I am not happy with the services I received They contacted me on time but they did not provide the proper information about my loan application, I asked them to explain me in detail they just said the 11% of interest for you that it, Further there was no discussion and therefore I dropped the plan.
      Was this review helpful? 0
      , lucknow
      Reviewed on Jun 29, 2017
    • Oriental Bank of Commerce Car Loan
      "Average"
      0.5 2.0/5 "Expected more"
      I had applied for a car loan with Oriental Bank of Commerce. The team contacted me once and collected all my details the reason I did not go with Oriental bank of Commerce for the car loan because the rate of interest was high 10% and I have asked they to reduce it they straight away they cannot do that.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 23, 2017
    • Oriental Bank of Commerce Car Loan
      "Satisfactory service"
      0.5 3.0/5 "Satisfactory"
      I had applied for a car loan with OBC and I am not happy with the services I received. They never contacted me nor provided the proper information about my loan application with the given time so I had to drop the plan and I had a plan of taking the loan amount of five lakhs.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 22, 2017
    • Oriental Bank of Commerce Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Due to my personal reasons I did not go ahead for the car loan therefore I had postponed the plan. The customer services were good and they were prompt. OBC also continued to check about my requirement. Since I had not taken the loan I have no idea of rate of interest and I had applied for 4.5 lakhs loan.
      Was this review helpful? 0
      , bhopal
      Reviewed on Jun 17, 2017
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