Oriental Bank of Commerce Lucknow
Last Updated : Sept. 5, 2018, 5:14 p.m.
About Oriental Bank of Commerce
Amidst all the obstacles and challenges, Oriental Bank of Commerce (OBC) has emerged out and created its own identity in a space that has small to large players battling against each other for gaining the maximum market share. The bank, founded in 1943, has products for each set of customers- be it in retail banking, corporate banking, international banking, rural banking, etc. One of the prime reasons for the bank to be able to attract a large pool of clients is its ability to customize the products efficiently.
However, the road to stardom has been that easy for the bank as stated earlier. Within few years of establishment, the bank had to face the crisis that arose due to the partition. The registered office, which was in Lahore before the partition, had to be shifted to Amritsar after the incident. The bank had to pay back the Pakistani depositors their money post the shifting of the office. It was all good until the 1970-76 when the bank was at the lowest ebb due to increasingly declining margins on the back of poor business. Lala Karamchand Thapar, the Chairman at that time, almost came to the point of closing down the bank. But OBC was in for a long haul. This was made possible due to the inspiring efforts of the employees. The performance improved so was the health of the bank, which later on was acquired by the Government of India in 1980. Moreover, Oriental Bank of Commerce had acquired Bari Doab Bank and Punjab Co-operative Bank in 1997, increasing the presence across the country.
The city of Nawab Lucknow is also served by Oriental Bank of Commerce branches that are spread far and wide here. Almost 20-30 branches can be found in the city of Lucknow. Take a cue from the table below and find your nearest branch in Lucknow.
Oriental Bank of Commerce Lucknow Branches
| Branch Name | Complete Address | IFSC | MICR | Contact Detail |
|---|---|---|---|---|
| Hazratganj | 94, Mahatma Gandhi Marg, Hazratganj, Lucknow, Uttar Pradesh-226001 | ORBC0100050 | 226022002 | |
| Aminabad Park | Prakash Deep Building, Aminabad Park, Lucknow, Uttar Pradesh-226018 | ORBC0100100 | 226022003 | |
| Beharipur | Talab Tikait Rai, Beharipur, Lucknow, Uttar Pradesh, 226004 | ORBC0100367 | 226022004 | |
| Ram Sagar Mishra Nagar | A-30, Ram Sagar Mishra Nagar, Lucknow, Uttar Pradesh-226016 | ORBC0100427 | 226022006 | |
| Mahanagar | B-68, Sector C, Mandir Marg, Mahanagar, Lucknow, Uttar Pradesh | ORBC0100501 | 226022005 | |
| Gomti Nagar | 2/9, Vivek Khand, Gomti Nagar, Lucknow, Uttar Pradesh-226010 | ORBC0100687 | 226022007 | |
| Alambagh | 665/Ka/90, Opposite -Singar, Nagar, Alambagh, Lucknow, Uttar Pradesh | ORBC0100752 | 226022008 | |
| Aliganj | 39, Chandralok, Aliganj, Lucknow, Uttar Pradesh-226020 | ORBC0100887 | 226022009 | |
| Khun Khun Ji Road | 313/9 Tejkrishna Plaza, Khun Khun Ji Road, Lucknow, Uttar Pradesh-226003 | ORBC0100894 | 226022010 | |
| Naka Hindola | Guru Singh Sabha, Naka Hindola, Gurudwara, Lucknow, Uttar Pradesh | ORBC0101003 | 226022051 |
Products Offered by Oriental Bank of Commerce in Lucknow
You can find the product you need from a list of loans that Oriental Bank of Commerce offers to the residents of Lucknow. Typically, the bank offers a home loan, car loan, personal loan , mortgage loan scheme, loan against gold ornaments, etc. These loans are customized to address your requirements. There is a table below that can help you find your dream loan to realize your dream life.
Basic Loan Details of Oriental Bank of Commerce in Lucknow
| Product | Eligibility | Loan Amount | Interest Rate | Processing Fee | Tenure |
|---|---|---|---|---|---|
| Home Loan | Individuals or co-borrowers having an assured and regular source of earning. Minimum age at the time of application-18 Years Maximum age at loan maturity-60-70 years | No maximum limit. It purely depends on your income and repayment capacity | 8.60%-9.10% p.a. | 0.50% of the loan amount plus service tax as applicable. Maximum-₹ 20,000 plus applicable service tax | Upto 30 years, including the 18-month moratorium period subject to the dwelling unit’s age |
| Personal Loan | Available to public and private sector employees, along with the pensioners. Both public and private sector employees must be confirmed with a minimum net monthly income of 10,000. Also, the net income must not be lower than 30% of the gross income after the deduction of the proposed EMI. Pensioners must not be over 75 years at the time of loan maturity. Also the net amount of pension must not be 50% of the gross pension (Including the proposed loan EMI) | ₹ 5-10 lakh | 10.85%-11.85% p.a. | 0.5% of the loan amount Minimum-₹ 500 | Upto 5 years |
| Vehicle Loan | Salaried individuals either confirmed or a 1 year of service, professionals, businessmen running their entities for atleast 2 years, agriculturist and few others are eligible. | 4-Wheeler- ₹ 1 Cr 2-Wheeler-₹ 10 Lakh | 8.60%-9.10% per annum for new vehicles 10.85%-11.60% per annum for second hand vehicles | 0.50% of the loan amount, subject to a minimum of ₹ 500 | Upto 7 years for new vehicles Upto 3-5 years for old vehicles |
| Business Loan | Proprietorship, partnership or companies involved in business activity for a minimum period of 1 year. Business should conform to the statutory requirements such as License Under Shops & Commercial Establishment Act, Registration Certificate of Sales Tax/Central Sales Tax | Upto ₹ 5 crores | 11.95% p.a. | 0.50% of the loan amount plus applicable service tax | Upto 7 years |
| Mortgage Loan Scheme | All individuals and joint borrowers who are income tax assessee for atleast 2 years in a row. Agriculturists Company/Proprietorship/Partnership firms are also eligible. Net income should not be lower than 30% of the gross income after the deduction of the EMIs | Upto ₹ 10 crores, with a minimum of ₹ 5 lakhs | 10.85% p.a. | As applicable | Upto 10 Years |
| Loan Against Gold Ornaments | Individuals and proprietors | Upto ₹ 10 lakh-50 lakh | 9.60%-10.60% p.a. | As applicable | The demand loan would be liquidated within a maximum 1-year period. Renewal and review of overdraft facility after every year. |
Documents Needed to Avail Loans from Oriental Bank of Commerce in Lucknow
| Product | Salaried | Self-employed |
|---|---|---|
| Home Loan | Loan Application Form Identity Proof-PAN Card/Aadhaar Card/Driving License/Voter ID/Passport Residence Proof-Passport/Aadhaar Card/Utility Bill/Voter ID Income Proof-Last 3-6 Month Salary Slip, Last 6-month bank statement, Latest Form 16 & ITR Passport Size Photographs of applicants and co-applicants Property Documents-Buyer Agreement Copy/Allotment Letter, Receipt of Payment made to Property Developers | Loan Application Form Identity Proof-PAN Card/Aadhaar Card/Driving License/Voter ID/Passport Residence Proof-Passport/Aadhaar Card/Utility Bill/Voter ID Income Proof-Last 2-3 years Profit & Loss Account Statement and Audited Balance Sheet Passport Size Photographs of applicants and co-applicants Property Documents-Buyer Agreement Copy/Allotment Letter, Receipt of Payment made to Property Developer |
| Personal Loan | Loan Application Form Identity Proof-PAN Card/Aadhaar Card/Driving License/Voter ID/Passport Residence Proof-Passport/Aadhaar Card/Utility Bill/Voter ID Income Proof-Last 3-6 Month Salary Slip, Last 6-month bank statement, Latest Form 16 & ITR Passport Size Photographs of applicants and co-applicants | |
| Vehicle Loan | Loan Application Form Identity Proof-PAN Card/Aadhaar Card/Driving License/Voter ID/Passport Residence Proof-Passport/Aadhaar Card/Utility Bill/Voter ID Income Proof-Last 3-6 Month Salary Slip, Last 6-month bank statement, Latest Form 16 & ITR Passport Size Photographs of applicants and co-applicants | Loan Application Form Identity Proof-PAN Card/Aadhaar Card/Driving License/Voter ID/Passport Residence Proof-Passport/Aadhaar Card/Utility Bill/Voter ID Income Proof-Last 2-3 years Profit & Loss Account Statement and Audited Balance Sheet Passport Size Photographs of applicants and co-applicants |
| Business Loan | Proprietors- Shop and establishment certificate/ VAT/ Sales Tax Registration Certificate PAN Card Last 2 years financials with audit report Last 6 months Bank statement of all bank accounts Existing facility sanction letter/ Repayment Track Record (RTR) of existing loan, if any Proforma invoice of machinery, in case of Plant & Machinery Loans Partnership Firms- Registered partnership deed KYC of Partners PAN Card of Firm and Partners Shop and establishment / VAT/ Sales Tax Registration Certificate Last 2 year financials with audit report Last 6 months Bank statement Existing facility sanction letter/ Repayment Track Record of existing loans, if any Proforma invoice of machinery, in case of Plant & Machinery Loans Private & Public Sector Companies- Memorandum of Association(MOA) / Articles of Association(AOA) Latest shareholding pattern KYC of Directors PAN Card of the Company and Directors Last 2 years financials with audit report Last 6 months Bank statement of all bank accounts Existing facility sanction letter/ Repayment Track Record (RTR) of existing loan, if any Proforma invoice of machinery, in case of Plant & Machinery Loans Declaration that borrower, Company or any of its Directors are not debarred / black listed / penalized by any Stock Exchanges / SEBI/ RBI. A Declaration that the proposed borrowing is within the limits prescribed u/s 293(1)(d) of the Companies Act, 1956 | |
| Mortgage Loan Scheme | Loan Application Form Identity Proof-PAN Card/Aadhaar Card/Driving License/Voter ID/Passport Residence Proof-Passport/Aadhaar Card/Utility Bill/Voter ID Income Proof-Last 3-6 Month Salary Slip, Last 6-month bank statement, Latest Form 16 & ITR Passport Size Photographs of applicants and co-applicants Equitable Mortgage of the Property Financed | Loan Application Form Identity Proof-PAN Card/Aadhaar Card/Driving License/Voter ID/Passport Residence Proof-Passport/Aadhaar Card/Utility Bill/Voter ID Income Proof-Last 2-3 years Profit & Loss Account Statement and Audited Balance Sheet Passport Size Photographs of applicants and co-applicants Equitable Mortgage of the Property Financed |
| Loan Against Gold Ornaments | Loan Application Form Identity Proof-PAN Card/Aadhaar Card/Driving License/Voter ID/Passport Residence Proof-Passport/Aadhaar Card/Utility Bill/Voter ID Income Proof-Last 3-6 Month Salary Slip, Last 6-month bank statement, Latest Form 16 & ITR Passport Size Photographs of applicants and co-applicants | Loan Application Form Identity Proof-PAN Card/Aadhaar Card/Driving License/Voter ID/Passport Residence Proof-Passport/Aadhaar Card/Utility Bill/Voter ID Income Proof-Last 3-6 Month Salary Slip, Last 6-month bank statement, Latest Form 16 & ITR Passport Size Photographs of applicants and co-applicants |
