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  • Oriental Bank Home Loan

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  • Oriental Bank of Commerce is a renowned bank that provides an array of services including plot loans. Its competitive pricing and versatile repayment schemes have made this organisation a go to bank for plot loans.
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    Oriental Bank of Commerce (OBC) offers home loans at competitive rates starting from 8.70% p.a. to 8.80% pa. There’s no upper ceiling amount, however the bank will consider your income before offering you the final financing amount. The tenure can be extended till 40 years. The applicable processing fee is 0.50% of the loan amount.

    Oriental Bank of Commerce Home Loan

    Key Highlights
    • Loans for tenures of up to 40 years
    • No upper ceiling
    • Financing of up to 90% of the total property cost
    • Attractive rates starting from 8.70% p.a.
    Interest Rate 8.70% p.a. to 8.80% p.a.
    Processing Fee 0.50% of the loan amount + applicable taxes

    OBC Home Loan EMI Calculator

    Calculate your EMI (Equated Monthly Instalment) and processing fee beforehand to compare home loan schemes offered by different financial institutions. It will also help you manage your finances in a better way.

    In order to compute, you can use the BankBazaar OBC Home Loan EMI Calculator. The entire process is relatively simple and hassle-free with a quick turnaround time. Just enter your loan details, including the loan amount, interest rate, processing fee, and tenure. Hit “calculate” to check your instalment amount along with the processing fee.

    This will be followed by an amortisation table giving you a complete breakdown of your payment schedule.

    OBC Home Loan Eligibility Criteria

    Age 18 years to 75 years
    Type of Employment Salaried or self-employed
    Nationality Resident India or NRI

    Documents Required

    For salaried

    • Identity proof
    • Residential address proof
    • Last 3 months’ salary slips
    • Last 6 months’ bank statements
    • Property-related documents

    For self-employed

    • Identity proof
    • Residential address proof
    • Last 6 months’ bank statements
    • Business details
    • Property-related documents

    Get home loans from OBC with extended tenures and at attractive rates. You can also get a home furnishing loan of up to Rs.25 lakh with the bank.

      

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    Oriental Bank Home Loan Reviews

    • Oriental Bank of Commerce Home Loan
      "Best bank"
      0.5 5.0/5 "Blown Away!"
      Being a nationalized bank and their elite banking service, i have purchased my home loan from Oriental bank of commerce. I have visited their different branches and the employee response was fantastic and the manager will come and ask for the customer's needs. Their interest rate are as per the RBI rules and actually i have taken the home loan from Global trust bank after that it merged into oriental bank of commerce.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 12, 2019
    • Oriental Bank of Commerce
      Oriental Bank of Commerce Home Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have selected oriental bank of commerce loan amount they sanction 28 lakhs tenure 20years and Rate of interest 8.35% ,EMI Rs 15000.There is no process fee charger customer service is good and responsive , Documents submitted through executive there is no foreclosure charger.
      Was this review helpful? 1
      , mohali
      Reviewed on Jun 09, 2019
    • Oriental Bank of Commerce Home Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I have applied for the housing loan with the ORIENTAL BANK OF COMMERCE where using it since from last many years and the duration for repaying the loan is for maximum years and also the documentation process was simple and easy to get the home loan.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 03, 2019
    • Oriental Bank of Commerce Home Loan
      "Good Experience with good support"
      0.5 5.0/5 "Blown Away!"
      Oriental Bank of Commerce is supportive they immediately approved my home loan, I got the rate of interest around 8.75% for the tenure period of 20 years. The bank have the processing fee from the disbursement . At one shot I got the entire loan amount.
      Was this review helpful? 5
      , mumbai
      Reviewed on Feb 23, 2019
    • Oriental Bank of Commerce Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been using my home loan with Oriental bank of commerce, they have given me sufficient loan amount , and the rate of interest they have charged me up to 9-10%, which was nominal for me and even processing fee they have charged me was nominal,and i took loan amount for 20 years, there was no hidden charges.
      Was this review helpful? 1
      , surat
      Reviewed on Dec 30, 2018
    • Oriental Bank of Commerce Home Loan
      "Quick and satisfactory loan"
      0.5 5.0/5 "Blown Away!"
      I am having housing loan with Oriental Bank of India, before 4 years I took the loan at the time interest rate is good. The process is convenient. I didn't contact the bank to check about the balance transfer , part or pre closure payment, I just make the emi on monthly basis.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Dec 13, 2018
    • Oriental Bank of Commerce Home Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have been using my health insurance with oriental bank , there service is average, i have applied this health insurance recently, and i use to pay premium in yearly basis, and it use to get auto debit from my account, and there customer service is not up to the mark.
      Was this review helpful? 7
      , bangalore
      Reviewed on Nov 16, 2018
    • Oriental Bank of Commerce Home Loan
      "Best Financial Service"
      0.5 5.0/5 "Blown Away!"
      I got my housing loan from Oriental bank of commerce . Am satisfied with rate of interest of 8.8%which is nominal one The customer service and response is good. It instant approval process just they took 10 days but they assured for the loan They gave good tenure period which i make the payment through ECS . Their customer service is good and responsive. There are no processing fees.
      Was this review helpful? 3
      , mumbai
      Reviewed on Oct 15, 2018
    • Oriental Bank of Commerce Home Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have my home loan with ORIENTAL BANK for about 6 years . The loan amount was 6 lakhs and the Interest rate was 8-9% which is average . The tenure period was 25 years . They have provide door step service for collecting document . The processing fee was nominal . My overall experience was excellent .
      Was this review helpful? 4
      , gurgaon
      Reviewed on Jan 31, 2018
    • Oriental Bank of Commerce Home Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      Actually i was not able to contact them i was a bit busy with my work so i did not received any calls . They called me i told them i will be available after few days for some work i was involved in so it got canceled . The customer service was good from the bank side .
      Was this review helpful? 0
      , lucknow
      Reviewed on Dec 29, 2017
    • Oriental Bank of Commerce Home Loan
      "Average service"
      0.5 2.0/5 "Expected more"
      I previously had a home loan with Oriental Bank of Commerce back in 2004, it was for Rs 4.18 lakhs with the good rate of interest. The home loan experience was not up to the mark. Customer service was good and they followed up on time. The process was quite long, it took 10 days for the loan to get disbursed. No documents were required as i already hold a salary account with this bank.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 16, 2017
    • Oriental Bank of Commerce Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have applied for the home loan from Oriental Bank of Commerce, my loan application was closed because i have postponed the plan to get the home loan. When it comes to customer service, it was good, they responded on time and regular follow ups was done. The rate of interest was nominal when compared to other banks.
      Was this review helpful? 2
      , chandigarh
      Reviewed on Nov 15, 2017
    • Oriental Bank of Commerce Home Loan
      "Fast Process and Good Family Bank"
      0.5 4.5/5 "Excellent!"
      I took home loan from my home branch, they have provided me very best interest rate around 8.3% and they had taken some processing fee it was very low. I have purchased an apartment, they released one shot of loan amount based on the property construction.
      Was this review helpful? 2
      , vadodara
      Reviewed on Oct 11, 2017
    • Oriental Bank of Commerce Home Loan
      "Average service"
      0.5 2.5/5 "Just OK"
      Executive called me once after that no body turned up. I tried multiple times to reach the customer service. I got a regular followups from other bankers, but not even a single call from oriental bank since its 2 months now. Rate of interest is good. Only one email has been sent with application, I am disappointed with the service.
      Was this review helpful? 1
      , mumbai
      Reviewed on Oct 09, 2017
    • Oriental Bank of Commerce Home Loan
      "average service"
      0.5 3.0/5 "Satisfactory"
      Service is good from ORIENTAL bank ,but the amount they offered is not sufficient for me . I have submitted my documents through online but there is no proper response from ORIENTAL representatives , I am not much happy with ORIENTAL bank service .
      Was this review helpful? 0
      , pune
      Reviewed on Oct 07, 2017
    • Oriental Bank of Commerce Home Loan
      "worst service"
      0.5 1.0/5 "Really Bad"
      Service is not much good from OBC ,customer service and other representatives is not much helpful . They said they will reduce my interest rate but I am still struggling to reduce their interest rate ,I feel their communication is not much good ,they need to improve some more ,I am not happy with the overall service.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 06, 2017
    • Oriental Bank of Commerce Home Loan
      "Response should be faster"
      0.5 3.0/5 "Satisfactory"
      By the time of my home loan request, Oriental Bank called me after a week of request meanwhile I have processed HDFC Ltd for the home process. I would like to suggest them to their response time should be improved and should provide proper coordination.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 05, 2017
    • Oriental Bank of Commerce Home Loan
      "BAD"
      0.5 1.0/5 "Really Bad"
      I am not happy with the customer service of the ORIENTAL BANK OF COMMERCE . It was good at all no proper information was delivered because no one called from the Bank side . The rate of interest was real high and processing fee was high something about rupees 5,000 . I did not like the process .
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 04, 2017
    • Oriental Bank of Commerce Home Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      Customer service from the ORIENTAL BANK side was good for the Home loan I gave an application for . The rate of interest was real low in the website and in branch they told high rate of interest . I had some personal reason I did not take the loan .
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 04, 2017
    • Oriental Bank of Commerce Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      In oriental bank of commerce the interest rate was very high, so that was the reason I haven't processed my home loan application with OBC. The customer service and response part was good with OBC. I tried bargaining the interest rate but still they are not flexible to do so. I would like to suggest OBC to decrease the Interest rate.
      Was this review helpful? 1
      , ahmedabad
      Reviewed on Jul 07, 2017
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