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
    9.00% 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
    8.90% 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
    11.50% 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 316 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
      "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
    • 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
      , mohali
      Reviewed on Jun 15, 2017
    • Oriental Bank of Commerce Car Loan
      "Good services"
      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. The deal on the interest rate and processing charges was good. Overall a nice experience.
      Was this review helpful? 0
      , jaipur
      Reviewed on Jun 12, 2017
    • Oriental Bank of Commerce Car Loan
      "Unhappy with the services"
      0.5 1.0/5 "Really Bad"
      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 as promised. So went ahead with another bank which provided better services. Not sure on the interest rate and charges.
      Was this review helpful? 0
      , faridabad
      Reviewed on Jun 12, 2017
    • Oriental Bank of Commerce Car Loan
      "Need to be focused in the customers "
      0.5 1.0/5 "Really Bad"
      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. Since there are many private banks available Oriental bank need to concentrate on their customers in order to give compete other banks. The rate of interest is low, when compared with others and they need to focus a lot in their customers . The additional charges can be negotiated with OBC.
      Was this review helpful? 0
      , greater noida
      Reviewed on Jun 12, 2017
    • Oriental Bank of Commerce Car Loan
      "Be more clear in details"
      0.5 3.0/5 "Satisfactory"
      I did not go ahead with OBC for the car loan because I was not informed about the terms and conditions and I was asked to take the loan. These details should be informed to the customer in the beginning of the loan process while they were making the agreement. Not towards the latter. Else the interest rate and charges was okay.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 12, 2017
    • Oriental Bank of Commerce Car Loan
      "Very 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 and I have asked they to reduce it they straight away they cannot do that
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Jun 11, 2017
    • Oriental Bank of Commerce Car Loan
      "Interest rate is high"
      0.5 4.5/5 "Excellent!"
      Initially, I preferred Oriental bank of Commerce for the car loan where the interest rate was 9.1% but I could see lesser interest rate from OBC than HDFC bank. The interest rate was 8.6% hence I cancelled my loan with OBC and moved to HDFC bank. But the response and customer services are very nice with HDFC bank.
      Was this review helpful? 0
      , patiala
      Reviewed on Jun 10, 2017
    • Oriental Bank of Commerce Car Loan
      "Good Response"
      0.5 4.0/5 "Great!"
      I had received very good response from Oriental bank when I applied for the car loan. The OBC is good in providing proper customer service as well. I had no issues with them during the process but I had to close my car loan application due to certain constrains.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 10, 2017
    • Oriental Bank of Commerce Car Loan
      "Delayed response"
      0.5 3.0/5 "Satisfactory"
      Since I wanted my car loan in a day or two, so I applied for a loan at OBC. The bank responded back only after three days. In the mean while I went ahead with another bank. OBC had a good deal of 9.1% but they did not have convenient repayment options.
      Was this review helpful? 0
      , jaipur
      Reviewed on Jun 09, 2017
    • Oriental Bank of Commerce Car Loan
      "Response is good"
      0.5 4.0/5 "Great!"
      OBC has been overall good on my car loan. I have not been able to take the loan because I had to postpone my plans due to my personal reasons. The customer services and response has been good and on time. I did not go to the extent of discussing about the interest rate.
      Was this review helpful? 0
      , surat
      Reviewed on Jun 09, 2017
    • Oriental Bank of Commerce Car Loan
      "Below average service"
      0.5 4.0/5 "Great!"
      The service and the response was good with Oriental bank of commerce but the process with my car loan application is not up to the mark with OBC. They Oriental bank need to be improved with the service otherwise they will be far behind, when compared with other banks. The rate of interest offered as per the market rate. The documentation process also need to be improved. I would say it was much below average service when compared with private banks.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Jun 09, 2017
    • Oriental Bank of Commerce Car Loan
      "Average service"
      0.5 1.0/5 "Really Bad"
      The Oriental bank of commerce did not treat me well when I approached them for the car loan. The OBC is taking too much of time to process the loan. The rate of interest with OBC is competitive when compared with other banks. The service provided by OBC was very much average.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 09, 2017
    • Oriental Bank of Commerce Car Loan
      "Delayed response"
      0.5 3.0/5 "Satisfactory"
      I did not go ahead with OBC for the car loan as they delayed in contacting me. I expect to get a response on the very same day and more over there is a lot of competition in the market for the vehicle I was looking for. The interest rate was good when compared to other banks. The bank offered a rate around 11%.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 09, 2017
    • Oriental Bank of Commerce Car Loan
      "They should provide alternate option"
      0.5 2.0/5 "Expected more"
      Oriental bank of commerce have rejected my application because, my credit score is not high, its very much close to the margin but they denied to process car loan. I actually wanted them to reach with the alternate option to take car loan. But they never turned up, I was expecting 100% of response from them.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 09, 2017
    • Oriental Bank of Commerce Car Loan
      "Fine"
      0.5 4.0/5 "Great!"
      I got a better deal from other bankers for the car loan and that's why I had not dealt with the Oriental bank of commerce for my car . Customer service was good one and other aspects were organized in a fine way, also reminders were good. In the mean time, I got better deal from them.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 08, 2017
    • Oriental Bank of Commerce Car Loan
      "Good in response"
      0.5 5.0/5 "Blown Away!"
      The response was good from OBC. I had applied for a car loan and due to my personal reasons I did not proceed with the same. The whole process was on time and perfect and the charges was also normal. I had no issues as such and I would certainly suggest them to others.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Jun 08, 2017
    • Oriental Bank of Commerce Car Loan
      "Overall good"
      0.5 4.0/5 "Great!"
      I did not go ahead with OBC because I had already taken my car loan from ICICI Bank. OBC did contact me promptly and inform me the details and they also had a very nice deal on the interest rate. It was around 8%. The processing charges were quite reasonable too.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 08, 2017
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