Oriental Bank of Commerce Personal Loan

Oriental Bank of Commerce

Oriental Bank of Commerce Personal loan


To meet personal / family expenses like marriage/education/family functions.

For purchase of consumer durables, gold / gold ornaments.

To meet expenditure on medical treatment of self and/or dependent at Hospitals / Nursing Homes registered with local Govt. bodies.

To meet travel expenses of legitimate travel by himself & family to cover travel cost, hotel stay, and other travel related expenses.

Note- The loan shall not be used for speculative purposes

Nature of Facility

Term Loan.



Permanent and regular employee in Centre / State Govt. Deptt. and other institutions like Universities, Schools / College, PSUs, reputed hospitals, and well established corporate. Professionals and doctors shall also be eligible for loan

Minimum 3 years of service, including service with the previous employer(s), if any.

The net monthly salary should not be less then Rs 6,000/-.

Amount of Loan

Up to 15 months’ net take home salary, subject to maximum of Rs.1.50 Lac.

Up to 20 times net take home salary with a max of Rs.3.00 lac in case the salary account is maintained with the branch for a minimum period of 6 months or Employee undertaking to deduct and remit the due installments to the bank.


One personal guarantee preferably of fellow employee, subject to the condition that one employee will not stand as guarantor in more than two accounts.



Penal Interest / Pre-payment Penalty

2% penal interest over the normal interest rate on the overdue amount for irregular period. No prepayment penalty to be charged.

Process / upfront fee

0.50% of the loan amount with a minimum of Rs.500/ +Service tax, if any.


The loan amount may be credited to SB / Salary Account of the borrower.


60 EMIs (subject to remaining period of service)


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