Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • OBC Personal Loan for Home Loan Borrowers is Rated as "Pretty good" by 60 Users

    Fees & Charges

    Promised Interest Rate

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    OBC Personal Loan for Home Loan Borrowers

    What is the purpose of OBC Personal Loan for Home Loan Borrowers?

    OBC Personal Loan for Home Loan Borrowers offers personal finance for four purposes. Listed below are the four purposes for which the loan is offered.

    • Personal finance for purchase of consumer durables, kitchen appliances, furnishing items(Television set, tables, couch, room coolers, carpets) including insurance of premium purchased goods
    • Purchase of life insurance policy under group protection plan for the home loan borrower( for the safety of the family’s future and housing loan liability)
    • Loan for travel for self or family members. Covers travel costs, hotel stay and foreign travel related expenses such as visa, airport tax, etc.
    • Any other personal expenditure

    What is the nature of facility offered on OBC Personal Loan for Home Loan Borrowers?

    Overdraft is the nature of facility offered on OBC Personal Loan for Home Loan Borrowers.

    What are the features of OBC Personal Loan for Home Loan Borrowers?

    Listed below are the features of OBC Personal Loan for Home Loan Borrowers.

    • Personal loan specially designed for Home Loan Borrowers
    • Flexibility in using the personal loan amount for various purposes
    • Overdraft facility offered
    • High loan amounts
    • Quick approval
    • Easy application process
    • Minimum documentation
    • Flexible repayment period

    Are there any benefits of OBC Personal Loan for Home Loan Borrowers?

    There are various benefits of OBC Personal Loan for Home Loan Borrowers. Listed below are the benefits of OBC Personal Loan for Home Loan Borrowers.

    • High loan amounts up to maximum of Rs.10 lakh
    • There is no prepayment penalty charged on pre-payment of the loan
    • High flexible repayment periods
    • Dedicated team of customer service to help the borrower with the process
    • Quick approval

    What is the security offered on OBC Personal Loan for Home Loan Borrowers?

    Listed below is the list of duty stamped undertaking that should be provided by the borrower.

    • The bank can extend the mortgage when required
    • The borrower can’t create any other charge on the property used for the loan
    • Title deed of the property shall remain with the bank until the personal loan is repaid

    What are the fees and charges applicable on OBC Personal Loan for Home Loan Borrowers?

    Given below is the list of fees and charges applicable on OBC Personal Loan for Home Loan Borrowers.

    • Penal interest- 2% penal interest over normal lending rate is charged on the overdue amount

    What is the rate of interest offered on OBC Personal Loan Home for Borrowers?

    The rate of interest rate offered on OBC Personal Loan for Home Loan Borrowers is base rate plus 1.50% which makes the final rate of interest 11.20%.

    OBC Personal Loan for Home Loan Borrowers Reviews

    • 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
    • Oriental Bank of Commerce Personal Loan
      "No proper response"
      0.5 2.0/5 "Expected more"
      Oriental bank of commerce haven't made a proper follow up in concern to my personal loan application. I would like to suggest that OBC must maintain a process on their follow up and the call backs in regards to any product. The rate of interest is nominal with OBC. Overall the service need to be improved very much.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 29, 2017
    • 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
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