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    Oriental Bank of Commerce (OBC) Personal Loan Eligibility Calculator

    We found 1 Oriental Bank of Commerce (OBC) Personal Loan Eligibility Calculator

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.85% - 11.85% Floating
    0.5% One time fee
    50 K - 10 L
    1-5 Years
    Response Time Within 30 minutes
    Guarantor Required Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria

    Oriental Bank of Commerce (OBC) Personal Loan Eligibility Calculator is Rated as "Great!" by 45 Users

    Personal Loan BYTES FROM OUR KITCHEN

    About Oriental Bank of Commerce Personal Loan

    Oriental Bank of Commerce is a private sector bank in India and was established in Lahore. The bank offers personal loan to the government employees and for the corporate employees to meet personal expenses or expenses like marriage, education and family functions or to purchase consumer durables. The Oriental Bank of Commerce offers attractive rates of interest and flexible personal loan amount with nominal documentation and easy repayments. The maximum loan amount offered is Rs.5 lakhs and Rs.2 lakhs for the pensioners. Guarantor is required to avail an Oriental Bank of Commerce personal loan. The term to repay the loan for working borrower is 60 EMIs and for pensioners it is 36 EMIs and to be repaid before they turn 70 years of age.

    Oriental Bank of Commerce Personal Loan Eligibility

    The eligibility to avail Oriental Bank of Commerce personal loan is as follows:

    • For working applicants:

    • Profile: The applicant must be a permanent employee of a Public Sector Undertaking or centre or state government department and other government institutions like universities or college whose salaries are being credited with Oriental Bank of Commerce.
    • Age: The applicant must be above 21 years of age.
    • Salary: The applicant’s net monthly salary must not be less than Rs.10,000.
    • Conditions: The net take home salary should not be less than 30% of gross salary after the EMI for the proposed loan is deducted.
    • For Pensioners:

    • Age: The applicant’s age must not exceed 68 years.
    • Profile: The pensioners of Oriental Bank of Commerce are also eligible to the loan provided they don’t have any disciplinary actions pending against them.
    • Conditions: The net take home pension should not be less than 50% of the gross pension after the EMI instalment for the proposed loan is deducted.

    Factors affecting Oriental Bank of Commerce Personal Loan Eligibility

    There are various factors that affect the eligibility criteria while taking a personal loan from RBL Bank.

    • Residence: The chances of the loan being sanctioned to an applicant who lives in a metro city is higher. The banks prefer those who have a house of their own as then they will not have to pay rent and will have a higher disposable income.
    • Income: If the applicant’s income is higher, then he will get loan for a higher amount as he can afford higher EMI.
    • Age: Banks refrain from giving loans to young individuals as they keep changing jobs. The banks prefer those having a stable work life.
    • Type of employment:The self-employed professionals and nonprofessionals are required to have higher work experience than compared to salaried individual and salaried professionals.
    • Employment status: The banks prefer those who have been employed in a company for a longer period.
    • CIBIL Score: The applicants’ CIBIL score and credit report is referred before the bank looks further into the applicant’s profile.

    How CIBIL score affects your Oriental Bank of Commerce Personal Loan Eligibility?

    The first thing Oriental Bank of Commerce does when they receive an application for personal loan is that they check the applicants CIBIL score.

    The bank checks for the following:

    • The repayment history and the credit available for the applicant.
    • Credit and assets built by the applicant.
    • The number of credit cards that the applicant has and how much credit he has utilized under them.
    • The overall credit utilization.
    • The bank also checks if the applicant has settled any loan. If the applicant has agreed to settle for a loan due to certain financial constraints, then it gets recorded in the credit report and stays in the report for 6 years. The settlement of the loan is considered as a negative remark and hence Oriental Bank of Commerce might not offer you a personal loan as they might be unsure about your capacity to repay the loan.
    • Capacity to repay the loan. This information can be gathered from the profile as it includes his income information and age and the assets that he has acquired through credit etc.

    How to Increase Oriental Bank of Commerce Personal Loan Eligibility?

    You can do the following to increase Oriental Bank of Commerce personal loan eligibility:

    • Maintain a good credit history by making all the payments on time.
    • Get lower EMIs on existing loans. Reduce the EMIs each month, it ensures that you do not miss out on making payments.
    • Prepay the loans if you have lesser EMIs left on any loan. This closes the loan and the applicant will then have a higher disposable and stand a chance of getting a higher amount loan.
    • Have both secured and unsecured loans, showing the bank that you have managed to attain some assets over the period of time and not just built credit.
    • Don’t apply for too many loans as all the banks will run a credit check which gets recorded in the credit report.
    • Don’t have too many credit cards. Though you may not have used the credit on all of the cards, it lowers your overall credit limit.

    FAQs on Oriental Bank of Commerce Personal Loan Eligibility

    Q. What are the age requirement for an individual to take Oriental Bank of Commerce personal loan?

    A. At the time of taking the loan the minimum age requirement is 21 years and the applicant must be less than 68 years of age.

    Q.What is the minimum salary requirement for a salaried individual to get a personal loan from Oriental Bank of Commerce?

    A. The applicant’s net monthly salary must not be less than Rs.10,000. The net take home salary should not be less than 30% of gross salary after the EMI for the proposed loan is deducted.

    Q.What is the requirement for a pensioner to avail personal loan from Oriental Bank of Commerce?

    A. The net take home pension should not be less than 50% of the gross pension after the EMI installment for the proposed loan is deducted.

    Q.What is the maximum loan amount offered as personal loan by Oriental Bank of Commerce?

    A. The maximum loan amount for salaried individuals is Rs.5 lakhs and for pensioners it is Rs.2 lakhs.

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  • Personal Loan Reviews

    • Oriental Bank of Commerce Personal Loan
      "Work on Customer Oriented"
      0.5 1.0/5 "Really Bad"
      When I applied with Oriental bank for the personal loan, I received call from them stating they need documents from me. So I kept all the documents ready and I am waiting for the call from OBC but I did not receive any calls from them but I got mail stating my application has been rejected. The reason for I choose OBC is because of the interest rate, with them the interest rate is around 11.85% but with other banks it is 17%. But I did not receive the loan.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 25, 2017
    • Oriental Bank of Commerce Personal Loan
      "Delayed response"
      0.5 2.0/5 "Expected more"
      After me applying for a personal loan with Oriental Bank of Commerce, they delayed by couple of days to contact me. And then the process seemed long too. So I cancelled my application and I went ahead with another bank. I am not too sure on the interest rate and charges.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 25, 2017
    • Oriental Bank of Commerce Personal Loan
      "Its Good"
      0.5 3.0/5 "Satisfactory"
      Oriental bank of commerce executives did not visit my place to collect the documents they asked me to upload the documents through online channel, I tried uploading but there was an issue. Then I didn't get any response from them, finally my application was closed.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 25, 2017
    • Oriental Bank of Commerce Personal Loan
      "Delayed response"
      0.5 2.0/5 "Expected more"
      Since OBC contacted me much after I had applied for a personal loan, I did not wish to proceed ahead. I received a call after couple of days and it was not a very satisfactory experience. No information on the interest rate and processing charges.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 25, 2017
    • Oriental Bank of Commerce Personal Loan
      "Satisfied"
      0.5 4.0/5 "Great!"
      I have not taken the personal loan with the Oriental bank of commerce because I have postponed the plan to some extent. Rate of interest was around 10% for the personal loan and the customer service was good one and they were polite too.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on May 24, 2017
    • Oriental Bank of Commerce Personal Loan
      "Better "
      0.5 4.0/5 "Great!"
      I have expected more capital with the Oriental bank of commerce as the personal loan but they were not okay to provide, so I have cancelled the application. Rate of interest was around 13% and the services were good and its the unexpected one. I don't have any issues with them till now. Customer service was good one with them.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 24, 2017
    • Oriental Bank of Commerce Personal Loan
      "Could have more clarity in the services"
      0.5 3.0/5 "Satisfactory"
      When I applied for a personal loan with Oriental Bank of Commerce, the bank did not proceed ahead though my documentation was perfect. They collected all my papers and started the process and finally declined the loan without giving me a proper reason for it. The had a good deal on the interest rate and fee.
      Was this review helpful? 0
      , vadodara
      Reviewed on May 24, 2017
    • Oriental Bank of Commerce Personal Loan
      "Good in services"
      0.5 4.0/5 "Great!"
      OBC contacted me when I had applied for a personal loan and checked on my requirement. Since I was out of town I could not submit my documentation and the loan was closed. The interest rate of around 11% and the bank had a affordable processing fee as well.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 24, 2017
    • Oriental Bank of Commerce Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      The Oriental Bank of Commerce executive told that they will come and collect the documents , but no one turned on the promised date and time. The response and the follow up is fine with them. The rate of interest is nominal when compared with others. Overall I am satisfied with the service.
      Was this review helpful? 0
      , chennai
      Reviewed on May 24, 2017
    • Oriental Bank of Commerce Personal Loan
      "Below average service"
      0.5 1.0/5 "Really Bad"
      Oriental bank commerce executive told that my company is not listed in their list, that was the reason I haven't got the personal loan from OBC. They haven't explained me about the product. The oriental bank of commerce can be improved and focused with customer queries in future .
      Was this review helpful? 0
      , chennai
      Reviewed on May 22, 2017
    • Oriental Bank of Commerce Personal Loan
      "Good services & deal"
      0.5 4.0/5 "Great!"
      Since my requirement got delayed and I was not sure when I would need the funds. So I cancelled my request for the personal loan with OBC. The bank was the best at that moment with the rate of interest and processing charges. They were charging around 11% and the processing charges was also nominal for me. The services were good as they contacted me on time.
      Was this review helpful? 0
      , pune
      Reviewed on May 22, 2017
    • Oriental Bank of Commerce Personal Loan
      "Best Service"
      0.5 4.0/5 "Great!"
      ICICI bank took around 7 days to disburse my personal loan. The rate of interest was very nominal with ICIC bank. The response and the follow up was very prompt, they took initiative and approved a car loan with ICICI bank. I can tell, ICICI service was very supportive concerned to my car loan .
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 28, 2017
    • Oriental Bank of Commerce Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I had applied for the personal loan with Oriental bank of Commerce and their response was quite good. They gave me a call in very next day, after they got my application. But I have got the same interest rate with ICICI bank, that was the reason I can't avail loan from OBC bank. The rate of interest and other charges were very much nominal with OBC.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 28, 2017
    • Oriental Bank of Commerce Personal Loan
      "Responce Was Not Good"
      0.5 1.0/5 "Really Bad"
      I had applied for a personal loan with Oriental Bank of Commerce. The team contacted me once and told that they going to come and collect documents from me but no one turned up bank agent said to scan and send the copy I said I cannot do that because I was at hospital at that time. They even asked me to scan and send the documents , I had asked them for the address for correspondence even that they refused to provide.
      Was this review helpful? 0
      , chennai
      Reviewed on Apr 26, 2017
    • Oriental Bank of Commerce Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      Approached Oriental bank of commerce for my personal loan, they are asking for the guaranteer Id and signature, which is not applicable with other banks. Because I don't have any guaranteer, so that was the reason I haven't got loan with Oriental bank of commerce. The interest rates and other charges are very low when I have approached.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 23, 2017
    • Oriental Bank of Commerce Personal Loan
      "Average service and improvement needed"
      0.5 2.0/5 "Expected more"
      Applied for a personal loan with Oriental bank of Commerce. I haven't got a single call about my personal loan application, but they have sent a text message based on my profile. OBC needs to improve their response and they are losing their customers very easily. They need to be customer centric in future.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 22, 2017
    • Oriental Bank of Commerce Personal Loan
      "Process has to be changed"
      0.5 4.0/5 "Great!"
      The company which I was working it was not listed with the Oriental Bank of Commerce because its 75 years old company. So Iam unable to process with them but I am very happy with their service, they were responded well and their interest rate is very least in the market.
      Was this review helpful? 0
      , chennai
      Reviewed on Apr 21, 2017
    • Oriental Bank of Commerce Personal Loan
      "Delayed response"
      0.5 3.0/5 "Satisfactory"
      I did not go ahead with OBC for the personal loan as they called me only after one week, after they informing me that I would get a call within two to four hours. The other thing was they wanted the bank statement from the guarantor as well. The only good thing was the interest rate and charges.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 21, 2017
    • Oriental Bank of Commerce Personal Loan
      "Its Average"
      0.5 3.5/5 "Pretty good"
      Currently I have dropped the plan of taking the personal loan due to some personal reason from my end but I am planning to take the loan after Diwali. Oriental Bank followed up nicely on my loan application and requested to submit the documents but I did not proceed further.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Apr 21, 2017
    • Oriental Bank of Commerce Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      Oriental bank of commerce approved personal loan. They have disbursed my loan within a week of time. The documentation was collected in a proper way. It would be good, if they don't ask the personal proofs with Guaranteer. The rater of interest and the charges are very high when compared with other banks. The response and the follow up was helpful and very supportive with OBC.
      Was this review helpful? 1
      , bangalore
      Reviewed on Apr 19, 2017
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