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  • Oriental Bank Of India Personal Loan Diwali Offers Oct 2017 is Rated as "Pretty good" by 66 Users

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    Oriental Bank Of India Personal Loan Diwali Offers Oct 2017

    Diwali Offers on Oriental Bank of Commerce Personal Loan October 2017

    Oriental Bank of Commerce offers personal loans to help you meet all kinds of expenses, such as education, marriage, refurnishing your house, or even purchase of expensive gifts and during festivals such as Diwali. The Oriental Personal Loan Scheme is a customised scheme for employees of PSUs (Public Sector Undertakings), Central and State Governments, Universities, Hospitals, Schools, etc. Doctors and other professionals can also avail this personal loan from Oriental Bank of Commerce.

    Features and Benefits of the Personal Loan Scheme from Oriental Bank of Commerce

    • Oriental Bank of Commerce offers individuals personal loans of up to 15 times their net take home income. The maximum amount that can be availed as loan is Rs.1.5 lakh.
    • Individuals who have maintained a salary account with the bank for at least 6 months can take a personal loan up to 20 times their net salary. The maximum loan amount is capped at Rs.3 lakh.
    • Individuals taking a loan will need to repay the loan amount within 60 EMIs.
    • You will need to have at least one personal guarantor when applying for the loan, and it is preferred if the guarantor is a fellow employee.
    • The bank charges 2% penal interest over the normal lending interest rates on the unpaid/defaulted loan amount.
    • A processing fee of 0.50% of the loan, with a minimum of Rs.500, with the inclusion of service tax, is charged.
    • Your loan will be credited to your salary account/SB.
    • Applicant should earn a minimum salary of Rs.6,000 and should have a minimum total work experience of 3 years.

    Things to Know before Applying for a Personal Loan Scheme from Oriental Bank of Commerce

    • Before you apply for a loan, it is a good idea to visit the ‘Oriental Bank of Commerce’ page on the BankBazaar website and view all the details of the loan, check the eligibility criteria, and the list of required documents.
    • You can also click on the ‘Get Quote’ tab to receive a customised quote within 30 minutes.
    • Next, you can contact a representative from Oriental Bank of Commerce and find out if they have any Diwali offers for the personal loan.

    Celebrate this Diwali with a Personal Loan Scheme from Oriental Bank of Commerce

    Diwali is an occasion when we all need additional funds for various purposes, such as buying gifts for our loved ones, arranging trips for family members to fly back and forth, or just shopping for the occasion. If your Diwali expenses are more than what you estimated, you can always to opt for a personal loan from Oriental Bank of Commerce to cover the extra expenses. With its low interest rates, flexible repayment options and extended loan tenure, this personal loan can truly light-up your Diwali festivities.

    Personal Loan Reviews

    • Oriental Bank of Commerce Personal Loan
      "Good banking"
      0.5 4.0/5 "Great!"
      I had requested for a personal loan with Oriental bank.The loan amount is 1.2 lakhs.Rate of interest i dot remember.I closed the application as i was not interested to proceed hence got moved to a different bank with good offers.The customer service was good and explained the details.
      Was this review helpful? 0
      , vadodara
      Reviewed on Nov 15, 2017
    • Oriental Bank of Commerce Personal Loan
      "poor service "
      0.5 1.0/5 "Really Bad"
      I had applied for a personal loan with oriental bank of commerce.Loan amount i requested was 4.5 lakhs.Rate of interest is 11.67 is nominal as compared to others.They had called me after 35-40 days post applying for the loan request,very delay in response,not satisfied with the service.hence closed the application and got loan from a different bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 01, 2017
    • Oriental Bank of Commerce Personal Loan
      "Good banking service"
      0.5 2.5/5 "Just OK"
      I had requested for a personal loan with Oriental bank of commerce. Loan amount is three lakhs the interest rate offered was 11% which is higher as compared to others,Post applying i did not receive any update or calls for the same. Overall I am not happy with OBC service,.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 01, 2017
    • Oriental Bank of Commerce Personal Loan
      "No response and follow up"
      0.5 1.0/5 "Really Bad"
      I had applied for a personal loan with oriental bank but the application did not proceed i was told that an executive would come to collect the documents after which no one had turned out to collect them nor have i got any information on the application status or the reason why the application did not proceed.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 30, 2017
    • Oriental Bank of Commerce Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      My personal was taken before 3 years. They have offered me 3L with the interest rate of 12%. I pay EMI of 7k/month through ECS. I got a proper response. The part payment and pre closure option is good. The customer service is good. The loan was disbursed on time. The documentation process was little bit complicated.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Oct 28, 2017
    • Oriental Bank of Commerce Personal Loan
      "excellent service"
      0.5 5.0/5 "Blown Away!"
      The service from ORIENTAL for my personal loan service was excellent the customer service was good , I don't remembered about the rate of interest offered by ORIENTAL,but it was a happy experience from ORIENTAL bank for my personal loan service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 27, 2017
    • Oriental Bank of Commerce Personal Loan
      "Transparency is needed"
      0.5 4.0/5 "Great!"
      The interest rate is very low with Oriental bank of commerce personal loans. I have asked for the 3years tenure but at the end of the process they gave me the documents with 5years tenuity. The transparency is missing in the process. The promises need to be fulfilled with OBC.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 15, 2017
    • Oriental Bank of Commerce Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The personal loan service was fine with Oriental Bank of Commerce . They have disbursed the loan within10 to 15days of time. The customer service was good with Oriental Bank . The rate of interest is nominal with OBC when compared with other banks.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 14, 2017
    • Oriental Bank of Commerce Personal Loan
      "Better Banking"
      0.5 1.0/5 "Really Bad"
      I had applied for a personal loan with oriental bank. I have cancelled my application and got funds from a different source,reason for cancellation is the service was really bad they didnt process my application immediately. Initially i was informed that documents are not required after2 days they asked me to submit the document. Therefore, I am totally unhappy with their service.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 07, 2017
    • Oriental Bank of Commerce Personal Loan
      "Average service"
      0.5 1.0/5 "Really Bad"
      The Oriental Bank of Commerce has told that my company has not listed under the eligibility criteria , so that was the reason I haven't got the personal loan from OBC. The customer service was good with OBC, They gave better response in regards to my personal loan application. The rate of interest was nominal when compared with others.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 14, 2017
    • Oriental Bank of Commerce Personal Loan
      "Fair Response"
      0.5 4.0/5 "Great!"
      I preferred Oriental Bank of Commerce for my personal loan requirement. The bank responded well and I had received proper calls and information from the bank about the loans but due to my credit score constrains I could not avail the loan from the bank.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 30, 2017
    • Oriental Bank of Commerce Personal Loan
      "No Response"
      0.5 1.0/5 "Really Bad"
      Actually I done my loan process with other bank so I did not continue the personal loan with Oriental Bank of Commerce. I did not receive any single call from the bank. There was no call or message from OBC for my loan application and I got the loan from other bank.
      Was this review helpful? 0
      , pune
      Reviewed on Aug 11, 2017
    • Oriental Bank of Commerce Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      OBC contacted me initially and later there was no follow up calls from them for the personal loan. There was also no proper clarification or information on the rate of interest and processing charges. I would not wish to refer the bank from the current experience.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 08, 2017
    • Oriental Bank of Commerce Personal Loan
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      I haven't got the car loan with Oriental Bank of Commerce, because I got the best interest rate with other bank, so that was the reason I haven't proceed with Oriental Bank car loan. The customer service and the response was good with OBC. The rate of interest is nominal .
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 11, 2017
    • Oriental Bank of Commerce Personal Loan
      "Good Response"
      0.5 4.0/5 "Great!"
      I had applied for the personal loan with Oriental Bank of Commerce but after a while I just postponed my plan in taking the loan. But when I approached the bank I had received very good response and they contacted me properly and provided the details.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 21, 2017
    • Oriental Bank of Commerce Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      Oriental Bank of Commerce provided a good response when I applied for the personal loan with them. I never found any challenge with OBC when I approached them for the loan process. But then I had to close my personal loan application due to some reason.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 19, 2017
    • Oriental Bank of Commerce Personal Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      The oriental bank was offering the personal loan with very high interest rate like 10 to 11% which is really high at the market price, when compared with others. The response and the follow up was prompt with Oriental bank of commerce. I would like to suggest them to decrease the interest rate in future. Overall, I would say service is good with OBC.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 03, 2017
    • Oriental Bank of Commerce Personal Loan
      "They should give proactive response to the customers"
      0.5 3.0/5 "Satisfactory"
      Oriental Bank of Commerce requested me to share the personal guarantor details from my office, by the time I was able to arrange the money through my own source. Hence I didn't take loan from Oriental bank of commerce and their response is also not up to the mark, they have collected documents and they took two months to process the loan, finally they asked for personal guarantor, I am not fine with that, OBC should improve on their service part.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 30, 2017
    • Oriental Bank of Commerce Personal Loan
      "Better Service"
      0.5 3.0/5 "Satisfactory"
      Actually I submitted my personal loan application with Oriental Bank of Commerce through online source. For the personal loan they quoted high rate of interest so I am not happy with that, hence I closed the application. But Oriental bank of commerce is really good in providing customer service.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 30, 2017
    • Oriental Bank of Commerce Personal Loan
      "Response part has to be improved"
      0.5 3.0/5 "Satisfactory"
      Some body from the Bank called me during the initial stage and ask to me to keep my documents ready but there was no response from their end. Oriental Bank of Commerce is a good bank but some staff were not responded well. Hence I am unable to process my loan with them, OBC bank should improvise on the response part.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 30, 2017
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