Multiple banks. Different interest rates. Call it a "conflict of interest".
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    OBC Personal Loan for Govt and PSU Employees

    We found 1 OBC Personal Loan for Govt and PSU Employees

    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

    OBC Personal Loan for Govt and PSU Employees is Rated as "Great!" by 41 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    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)
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  • OBC Personal Loan for Govt and PSU Employees Reviews

    • 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
    • Oriental Bank of Commerce Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I got the required response from the team.The process was absolutely fine with OBC for a personal loan with 30k on charges applied and its a pretty good experience .I had taken this loan long ago during the year 2009 they had offered me ROI but not sure how much it was even they had charged me some processing fee too.
      Was this review helpful? 0
      , patiala
      Reviewed on Apr 04, 2017
    • Oriental Bank of Commerce Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      It was great experience with Oriental Bank of Commerce regarding the personal loan application.I required the loan so I have taken the same.The follow up provided was great.They have made a call very soon.Everything was good so no suggestion required for them. It was 2.50 years back.
      Was this review helpful? 0
      , patiala
      Reviewed on Apr 04, 2017
    • Oriental Bank of Commerce Personal Loan
      "Good services"
      0.5 4.0/5 "Great!"
      It was a smooth process with OBC. I have taken a personal loan from them and the overall experience was good. The documentation was taken on time and the loan was disbursed within ten days. The rate of interest and processing charges was also normal.
      Was this review helpful? 0
      , chennai
      Reviewed on Apr 01, 2017
    • Oriental Bank of Commerce Personal Loan
      "Good service "
      0.5 4.0/5 "Great!"
      The oriental of commerce of commerce has good follow up with their customers. The rate of interest is low, when compared with others. The response and the approach was really good with oriental bank of commerce. Overall service is fine with oriental bank. I am satisfied with their service.
      Was this review helpful? 0
      , chennai
      Reviewed on Mar 31, 2017
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