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  • Oriental Bank of Commerce (OBC) Car Loan Eligibility Calculator is Rated as "Great!" by 361 Users

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    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.
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    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.

    Oriental Bank Of Commerce Car Loan Reviews

    • Oriental Bank of Commerce Car Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      Recently I have got the card loan from the ORIENTAL BANK OF COMMERCE around 5 months ago. They took around 10 to 15 days time to disburse the loan amount. The required loan amount has been given and I am satisfied with it. The rate of interest and the charges are average with the OBC car loan service.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Apr 17, 2018
    • Oriental Bank of Commerce Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The car loan plan has postponed at present so that was the reason I haven't got the car loan from the ORIENTAL BANK OF COMMERCE. The customer support service gave me better response in regards to my car loan application. The over all service is good with the ORIENTAL BANK OF COMMERCE.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 08, 2018
    • Oriental Bank of Commerce Car Loan
      "Better service"
      0.5 1.0/5 "Really Bad"
      I haven't got any call backs from the ORIENTAL BANK OF COMMERCE in regards to my car loan application, their executives promised that they will give a call back for the documentation , but they never turned up, so that was the reason I haven't got the car loan from ORIENTAL BANK OF COMMERCE.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 08, 2018
    • Oriental Bank of Commerce Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have applied for the higher loan amount , but the ORIENTAL BANK OF COMMERCE initially promised that they can approve the required loan amount but they haven't done that , so that was the reason I haven't got the loan from ORIENTAL BANK OF COMMERCE. The response was good with the ORIENTAL BANK OF COMMERCE in regards to my car loan application but the miscommunication part need to be avoided.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 06, 2018
    • Oriental Bank of Commerce Car Loan
      "Happy service"
      0.5 5.0/5 "Blown Away!"
      The loan process was good with Oriental Bank of Commerce but they took little bit more days for processing and the disbursement was very quick. The documentation process was normal and took some more time. They offered a interest rate of 8.95%.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jan 16, 2018
    • Oriental Bank of Commerce Car Loan
      "Better"
      0.5 5.0/5 "Blown Away!"
      The customer services and response was better with Oriental Bank. They charged normal interest rate like other banks. I have purchased Reynolds Capture and I had taken car loan as 12L. The documentation process was simple and the executive came to my place to collect the documents.
      Was this review helpful? 0
      , vadodara
      Reviewed on Jan 16, 2018
    • Oriental Bank of Commerce Car Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      It was a good experience with oriental Bank Of Commerce .it was a good customer service i received from the OBC for the car loan i applied for in that bank .the bank gave me all the required information for the car loan process i asked from them . I actually postponed my plan so i did not opt for the loan .
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Nov 29, 2017
    • Oriental Bank of Commerce Car Loan
      "Average service"
      0.5 2.5/5 "Just OK"
      The service of oriental bank for my car loan service was good but I am disappointed with the response from oriental there is no proper response from oriental the process is very slow ,I never contacted their customer service it was a average service from oriental car loan service.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 25, 2017
    • Oriental Bank of Commerce Car Loan
      "It Could Have Been More Better "
      0.5 1.5/5 "Bad"
      I am happy with the experience i had with oriental bank of commerce . The bank was not giving a full approval for the amount i asked for the loan . The Customer service was good but it could have been the best one i felt that . They did not provide it saying its against the policy . They directly said no they did not give it a try for once also . The Documents were collected for the loan process . But i did not avail for the loan .
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 18, 2017
    • Oriental Bank of Commerce Car Loan
      "Better"
      0.5 4.0/5 "Great!"
      I had applied for a car loan with Oriental Bank through online channel. They have requested for 3 year IT details. Since I don't have the documents, its been cancelled. The customer service and response is good. They have contacted me on time and provided the necessary information. There is no processing fee. ROI is 9%, it is nominal.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 08, 2017
    • Oriental Bank of Commerce Car Loan
      "Little high Rate of interest"
      0.5 3.0/5 "Satisfactory"
      I had a decent experience with Oriental Bank in regards to the Car Loan appliaction I filed with them. They responded pretty neatly. Only thing I found the rate of Inrterest of 11 % looks a little on higher end. They could decrease their Interest rate a little.
      Was this review helpful? 0
      , amritsar
      Reviewed on Oct 29, 2017
    • Oriental Bank of Commerce Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I didn't got the car loan from Oriental bank of Commerce, because I got better option from other banks, so that was the reason I haven't processed my car loan with Oriental bank of commerce. The rate of interest is 9.24% which is nominal when compared with others.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 23, 2017
    • Oriental Bank of Commerce Car Loan
      "Good customer service"
      0.5 4.0/5 "Great!"
      I have applied for the car loan from Oriental Bank of Commerce, i did not take tha loan bacause they were not giving the loan which i requested for. The customer service was good and responsive, they called me freqeuntly for followup. The rate of interest is less when compared to all other banks.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 23, 2017
    • Oriental Bank of Commerce Car Loan
      "Good customer service"
      0.5 3.0/5 "Satisfactory"
      I have applied for the car loan from Oriental Bank of Commerce, i did not get the loan because i changed my plan to get the loan. When it comes to customer service, it was good and they were responsive, The rate of interest is very less when compared to all other banks and i have also recommended few of my friends for the car loan.
      Was this review helpful? 0
      , amritsar
      Reviewed on Oct 21, 2017
    • Oriental Bank of Commerce Car Loan
      "Good service"
      0.5 2.0/5 "Expected more"
      The car loan process is not up to the mark with oriental bank of commerce. The customer support didn't gave proper response in regards to my car loan application. The rate of interest is nominal with oriental bank of commerce when compared with others.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Oct 17, 2017
    • Oriental Bank of Commerce Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The service was good with oriental bank of commerce, I have postponed the car loan plan to the next year. The rate of interest is low with oriental bank of commerce. At present I am looking for the personal loan so that was the reason I haven't got the loan from Oriental bank of Commerce.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 16, 2017
    • Oriental Bank of Commerce Car Loan
      "excellent"
      0.5 4.5/5 "Excellent!"
      I have applied for my car loan with ORIENTAL bank. Their rate of interest was between 8-9% which was satisfactory and average in the market for 20 lakhs. The customer service and responses was also good but I have cancelled the application due to my personal reason . My overall experience was excellent.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 15, 2017
    • Oriental Bank of Commerce Car Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      They called me on time i can say it was a good customer service from the Oriental Bank of India from the bank side . The rate of interest given from the bank side was real low about 7% i really liked it and processing fee was not told to me . I kept it on hold from my side due to some problem . Rest everything i should say is fine .
      Was this review helpful? 0
      , kochi
      Reviewed on Oct 14, 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 done a good job by contacting me on time and informing me the details. I closed this bank because they had a good deal on the interest rate.
      Was this review helpful? 0
      , noida
      Reviewed on Oct 09, 2017
    • Oriental Bank of Commerce Car Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      Everything was fine with Oriental Bank of Commerce. They were happy to serve for my car loan They were very quick in contacting me and informing me the details. I did proceed ahead with them and the rate of interest was 9.10%. Without any charges they have just stamp duty for 300 to 400 rupees and I have done the down payment of 3 laks.
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 29, 2017
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