Multiple banks. Different interest rates. Call it a "conflict of interest".
Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • OBC Personal Loan for Govt and PSU Employees is Rated as "Pretty good" by 67 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

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    OBC Personal Loan for Govt and PSU Employees

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    What is the purpose of OBC Personal Loan for Govt. / PSU Employees?

    Oriental Bank of Commerce offers customised personal loan schemes for Government and PSU employees. The main objective of OBC Personal Loan for Govt. /PSU Employees is to provide finance for the Government and PSU Employees to meet personal/family expenses such as wedding, education, family functions, purchase of consumer durables and other legitimate expenses. The loan is available for both working class and pensioners of government and PSU institutions.

    Type of facility offered

    Given below is a list of type of facility offered by the bank.

    • For working class- term loan will be of 60 EMIs
    • For pensioner- Term loan will be of 36 EMIs subject to repayment within 70 years of age

    Features and benefits of OBC Personal Loan for Govt. / PSU Employees

    Listed below are the features and benefits of OBC Personal Loan for Govt./PSU Employees.

    • Personal loan for working class and pensioners
    • Margin- Nil
    • The borrower should be or should have been a Government or PSU employee
    • High personal loan amount
    • Offers security
    • Flexible repayment period based on the loan
    • Hassle free application process
    • Quick approval
    • Dedicated team of customer service

    Eligibility criteria for OBC Personal Loan for Govt. / PSU Employees

    Listed below is the eligibility criteria of OBC Personal Loan for Employed class and pensioners for the loan scheme.

    • Permanent and confirmed employees of PSU, centre and state government and other government institutions who have a salary account with the bank are eligible.
    • Net monthly salary should be minimum Rs.10,000
    • Net take home salary should not be 30% less than the gross salary after all the deductions
    • The maximum eligibility age for pensioners is 58 years
    • Pensioners of the bank staff are also eligible
    • Net take home pension should not be less than 50% of the gross pension amount
    • The amount of loan for working class goes up to 15 times the net home salary( Maximum Rs.5 lakh) and the maximum loan amount for pensioners is 12 months of pension amount( maximum amount of Rs.2 lakh)

    What are the fees and charges applicable on OBC Personal Loan for Govt. / PSU Employees?

    Listed below is the list of fees and charges applicable on OBC Personal Loan for Govt./PSU Employees.

    • Penal interest/ pre-payment penalty- 2% penal interest over normal interest lending rate on the outstanding or overdue amount
    • Process charge/ upfront fee- 0.50% of the loan amount (Minimum Rs.500 along with additional service tax)

    OBC Personal Loan for Govt and PSU Employees Reviews

    • Oriental Bank of Commerce Personal Loan
      "Good One"
      0.5 5.0/5 "Blown Away!"
      It was a good customer service that I received from the Oriental bank side. They called me and said the executive will be coming to your place to pick up the documents but no one came . The bank provided every detail information about the loan process.
      Was this review helpful? 1
      , ludhiana
      Reviewed on Dec 01, 2017
    • 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? 1
      , 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? 1
      , new delhi
      Reviewed on May 30, 2017
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