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 Car Loan Reviews

    • Oriental Bank of Commerce Car Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      I was not ready for the loan process ,during the loan process itself I got money for buying car . So I was not needed with loan after that,even the representatives of ORIENTAL bank was very responsible during my loan process when ever I contact customer service they will be very helpful and friendly and given lot of ideas regarding loan ,I can say overall service was excellent but they where not clear with some information's other than that everything was excellent from the service of ORIENTAL bank.
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      , bangalore
      Reviewed on Sep 18, 2017
    • Oriental Bank of Commerce Car Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      It was an good service from ORIENTAL BANK from the date I applied for my loan ,representatives of ORIENTAL bank was also very helpful and responsible , when ever I contact their customer service they where very helpful for me during my loan process . Even when it comes to interest rate it was fine I was comfortable ,but I had some personal reason in processing for not processing my loan request further. I can say the overall service was very good .
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      , bangalore
      Reviewed on Sep 18, 2017
    • Oriental Bank of Commerce Car Loan
      "Excellent site"
      0.5 5.0/5 "Blown Away!"
      In no time my car loan was sanctioned by OBC, I am completely happy with their service. They deserve the best rating for all parameters of course their executives were really nice. I had requested for 4 lakhs loan amount the bank was able to provide the same . Also the dealer took around 2 months to deliver the car . I had infact recommended this car loan to others,
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      , jalandhar
      Reviewed on Sep 05, 2017
    • Oriental Bank of Commerce Car Loan
      "SATISFACTORY"
      0.5 3.0/5 "Satisfactory"
      Actually I was looking for second hand car and the car was not available in the same state the bank said if your interested you can from other state the same car which our looking that is available But I did not proceed further. So I had canceled my car loan request at OBC. The bank was fast in providing the response and they informed me all the details as well.
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      , faridabad
      Reviewed on Aug 31, 2017
    • Oriental Bank of Commerce Car Loan
      "Looking for a better offer"
      0.5 3.0/5 "Satisfactory"
      There is miscommunication between bank and me, I was looking for 80% of funding but Oriental Bank of Commerce not accepted to sanction the requested amount . They were not fulfill my needs and also I felt their service was not upto the mark, they should work on it.
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      , bangalore
      Reviewed on Aug 31, 2017
    • Oriental Bank of Commerce Car Loan
      "OBC is good even their employees"
      0.5 5.0/5 "Blown Away!"
      In all the aspects OBC is doing well, they had processed my loan very fast. The turn around time taken to process the loan was hardly 2 days. I had shortlisted the car Toyota Dx Model and the bank has sponsored 15 lakhs 80% of the ex showroom price was offered and interest rate offered by OBC was very good
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      , nagpur
      Reviewed on Aug 29, 2017
    • Oriental Bank of Commerce Car Loan
      "Satisfactory services"
      0.5 5.0/5 "Blown Away!"
      My car loan is from Oriental Bank of Commerce. The services for this process was excellent. They offered me a good deal on the interest rate and it was a zero processing fee. The process to get the loan is good and the documentation is normal too.
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      , mumbai
      Reviewed on Aug 28, 2017
    • 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.
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      , 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.
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      , 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.
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      , 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.
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      , 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.
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      , 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.
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      , 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.
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      , 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.
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      , 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.
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      , 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.
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      , 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.
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      , 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.
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      , 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.
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      , thane
      Reviewed on Jun 29, 2017
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    Oriental Bank of Commerce (OBC) Car Loan Eligibility Calculator is Rated as "Great!" by 338 Users

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    Car Loan BYTES FROM OUR KITCHEN

    Oriental Bank of Commerce (OBC) Car Loan Eligibility Calculator

    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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