Oriental Bank of Commerce Personal Loan @10.49% Interest Rate

Oriental Bank of Commerce Personal Loan Key Features Nov 13 2024

Eligibility Criteria	Details
Age	21 – 60 years (at loan maturity)
CIBIL Score	Minimum 750 or above
Oriental Bank of Commerce Personal Loan Interest Rate	8.95% per annum
Lowest EMI per lakh	Rs.1606
Tenure	12 to 84 months
Oriental Bank of Commerce Personal Loan Processing Fee	1% of Loan Amount
Prepayment Charges	NIL
Part Payment Charges	NIL
Minimum Loan Amount	Rs. 50,000
Maximum Loan Amount	Rs. 10 Lakh

Oriental Bank of Commerce Personal Loan Interest Rate and Charges

OBC personal loan interest rate	8.95% per annum
Oriental Bank Personal Loan Processing Charges	1% of Loan Amount
Prepayment Charges	36 months: 2% of loan principal outstanding
Stamp Duty	As per state laws
Cheque Bounce Charges	As per bank terms
Penal Interest	N/A
Floating Rate of Interest	Not Applicable

Oriental Bank Personal Loan Status

You can check the status of your personal loan through;

Visiting your loan branch in person.
Using the online portal of the bank.

Oriental Bank of Commerce Personal Loan Eligibility Criteria

Eligibility criteria for a personal loan:

CIBIL Score Criteria	750 and Above
Age Criteria	21-60 years
Min Income Criteria	Rs 25000/month
Occupation Criteria	Salaried/Self-employed

Oriental Bank of Commerce Personal Loan Fees and Other Charges

Category	Details
Oriental Bank of Commerce Bank Personal Loan Interest Rate	8.95% per annum
Oriental Bank of Commerce Bank Personal Loan Processing Fee	1% of the loan amount
	Min ₹ 1000 and Max ₹ 25000
Prepayment	No prepayment is allowed until 12 EMIs are paid
Pre-closure	No foreclosure is allowed until 12 EMIs are paid
Prepayment Charges	13-24 months: 4% of loan principal outstanding
	25-36 months: 3% of loan principal outstanding
	>36 months: 2% of loan principal outstanding

Stamp Duty	As per state laws
Cheque Bounce Charges	₹ 550/cheque + GST
Floating Rate of Interest	Not Applicable
Overdue EMI Interest	2% p.m.(on overdue amount)
Amortization Schedule Charges	₹ 200 + GST

Oriental Bank of Commerce Personal Loan Documents Required

Form	Duly filled application form
Proof of Identity	Copy of:
	Passport
	Driving License
	Aadhar Card
	Voter ID Card
Proof of Address	Rent Agreement (Min. 1 year of stay)
	Utility Bills
	Passport (Proof of permanent residence)
	Ration card
Proof of Income	ITR: Last two Assessment years
Proof of Income	Salary Slip: Last 6 months

Oriental Bank of Commerce Personal Loan EMI Calculator

EMI Calculator.

Oriental Bank of Commerce Personal Loan Compared to Other Banks

Bank	Interest Rate	Tenure	Loan Amount & Proc Fee
Oriental Bank of Commerce	8.95%	12 to 60 months	Up to Rs. 10 lakh / 1% to 2% of Loan Amount
HDFC Bank	10.50% to 21.50%	12 to 60 months	Up to Rs. 40 lakh / Up to 2.50% of the loan amount
Bajaj Finserv	Starting from 12.99%	12 to 60 months	Up to Rs. 25 lakh / Up to 3.99% of the loan amount
Axis Bank	7.35% to 24%	12 to 60 months	Rs. 50,000 to Rs. 15 lakh / Up to 2% of the loan amount
Citibank	Starting from 10.50%	12 to 60 months	Up to Rs. 30 lakh / Up to 3% of the loan amount
Private Bank	10.50% to 19.25%	12 to 60 months	Up to Rs. 20 lakh / Up to 2.25% of the loan amount

Other Loan Products from Oriental Bank of Commerce

Oriental Bank of Commerce Gold Loan	Oriental Bank of Commerce Car Loan	Oriental Bank of Commerce Home Loan	Oriental Bank of Commerce Business Loan
Oriental Bank of Commerce TwoWheelerLoan	Oriental Bank of Commerce LoanAgainstProperty	Oriental Bank of Commerce Credit Card	Oriental Bank of Commerce Education Loan

Why should you apply for an Oriental Bank of Commerce Personal Loan with Dialabank?

Dialabank helps you choose the option of banks by providing you with the updated market comparison of different banks to make the right choice. We at Dialabank have already helped thousands of people to get the loan they need without any issue, and we look forward to continuing in doing so. Apply with us today to get the offers and special deals on the Oriental Bank of Commerce Personal Loan.

Call us at 9878981166 to avail of the Oriental Bank of Commerce Personal Loan.

How to Calculate EMIs for Oriental Bank of Commerce Personal Loan

You will need the following things to calculate your EMIs:

Amount of the Loan
Rate of Interest
Tenure

Oriental Bank of Commerce Personal Loan Processing Time

Processing time for your loan application can be up to a week or more, but pre-approved and customers that have an account with the bank can expect the loan approval within 72 hours.

Oriental Bank of Commerce Personal Loan Preclosure charges

When you have your funds ready and want to close your loan, the same can be done very easily. Oriental Bank of Commerce does not charge you any foreclosure fee.

Documents required for Oriental Bank of Commerce Personal Loan Pre-closure

Generally, the following documents are required to foreclose your Oriental Bank of Commerce personal loan:

A valid photo identity proof
Loan Account Statement
Cheque/ demand draft/ cash to make the payment

Oriental Bank of Commerce Foreclosure Benefits

Given below are a few key benefits of foreclosing your Oriental Bank of Commerce personal loan:

Foreclosure / Full Prepayment

Helps you save on the overall interest payout.
Frees you from the burden of regular loan repayments.

Partial Prepayment

It enables you to save on the interest component.
You also have the advantage of either paying a reduced EMI amount or having a shorter loan tenure.

Oriental Bank of Commerce Prepayment Facility

The bank also offers a prepayment facility to help the customers pay off the entire outstanding or a part of it. If you have a surplus amount of money in hand and meeting the below criteria then you can pay a part of your principal outstanding amount to reduce the same. This will also help in saving interest accrued on the principal amount. Know more about this facility below.

Note:

Prepayment will be allowed subject to the successful payment of the first 12 EMIs.
Prepayment will be allowed a maximum of twice during the entire tenure of the loan.
Prepayment is allowed only once a year.
At any point in time, the prepayment will not exceed 25% of Principal Outstanding.

Charges to be paid on Prepayment

13-24 Months – 4% of the outstanding loan balance.
25-36 Months – 3% of the outstanding loan balance.
More than 36 Months – 2% of the outstanding loan balance.

Pre Calculated EMI for Personal Loan

Rate	5 Yrs	4 Yrs	3 Yrs
10.50%	2149	2560	3250
11.00%	2174	2584	3273
11.50%	2199	2608	3297
12.00%	2224	2633	3321
12.50%	2249	2658	3345
13.00%	2275	2682	3369
13.50%	2300	2707	3393
14.00%	2326	2732	3417
14.50%	2352	2757	3442
15.00%	2378	2783	3466

Oriental Bank of Commerce Personal Loan for Salaried Employees

Oriental Bank of Commerce offers Personal Loan for Salaried Employees at attractive rates of interest. The amount that you get a loan depends on the Company that you work for, The take-home salary of the employee, and the city of residence of the employee. Oriental Bank of Commerce offers these loans for a tenure of 12-60 months and provides instant approval along with funds to pre-approved customers.

Oriental Bank of Commerce Personal Loan for Self Employed Individuals

Oriental Bank of Commerce’s Personal Loan for Self Employees is a loan product offered to self-employed individuals and in need of funds. The bank provides them with attractive rates of interest on their personal loan and tenure of 12-60 months. However, as compared to Salaried Employees, you have to present more documents here as you need to provide the bank with sufficient documents related to your business to prove its continuity as well as your steady income.

Oriental Bank of Commerce Personal Loan for Tcs Employees

Exclusive personal loans with a reasonable interest rate of 11.25% p.a.
EMI for personal loans starts at Rs.2178 per lakh when terms and conditions are met.
The hassle-free documentation process for TCS employees.
Pre-approved personal loans for eligible TCS employees.
Personal loan Interest rate starting at 11.99% p.a for superbike loans.
Great offers on home loans with an interest rate of 9.45% p.a and discount interest rate for women at Rs.9.40% p.a.

Oriental Bank of Commerce Moratorium Process

The process to stop your loan EMIs at the Oriental Bank of Commerce is as follows-

Visit the Oriental Bank of Commerce website or use the mobile app
Click on the link where the option of moratorium period is popping out
On the application page, mention your registered mobile number, name, email address
After that enter your date of birth and select the type of loan
Enter your loan number and mention your EMI amount
Then make a decision and choose a suitable service
Click on the EMI deferment option that says I agree to pay the accrued interest on the outstanding balance
Click on the ‘Submit’ button
The bank will check the details thoroughly and process your moratorium request
You’ll be given a reference upon the successful completion of the process on your registered mobile number and email address

However, if you don’t want to defer EMI, you must click on the second option after the deferment option. This will ensure EMI payments are as scheduled with no extra interest charged on them.

Oriental Bank of Commerce Personal Loan special pricing

If a customer is looking for INR 15 lakh of the loan amount or more than that below rates would be applicable.

Loan Amount	IRR	Processing Fee (+GST)
Loan amount >=15 lakh*	10.50%	INR 3999

*Terms & conditions apply

This offer is not applicable for Top-up/ Enhancement/ Existing loan amount closure.

If a customer is looking for a Balance transfer and a fresh loan of above INR 10 lakh above, the below offer is available.

NTH	Loan Amount	IRR	Processing Fee (+GST)
>=50000	Loan amount >=10 lakh*	10.50%	INR 3999

How to Manage a Personal Loan

Here are the 4 tips that will help you manage your loans:

1. Pay On-Time – The first step is to avoid late fees and penalties. The best way to do that is by paying your monthly payments on time every month. This also hits the credit score. These are needless and all too common consequences that will work against your financial condition. If you have just taken a personal loan or are about to, the best way to manage your loan is by making a monthly payment on your loan as soon as you receive the loan. By being a payment ahead of your instalment plan you will have a buffer against a missed payment.

2. Pay More Than Your Minimum – Paying beforehand is a good option for managing your plans but paying a little extra every month keeps you ahead of your loan term and provides you with some other financial bonuses. Moreover, paying extra on your loan reduces the length of the repayment plan. This will help you clear the debt and allows you to regain your financial independence sooner.

It will also reduce the rate of interest you owe and thus, saving you money in the long run. Paying off your debts faster also leads to an improvement in your credit score. A lower credit score will benefit you in several ways, like dropping down payments and rates of interest.

3. Consolidate Your Loans – For debtors managing multiple personal loans, consolidation could be the best way to simplify your debt repayment. Debt Consolidation is when you take a large loan to repay all the other loans you have taken. So, instead of paying multiple lenders every month with different rates of interest and needs, one can make a single payment to one provider.

Debt Consolidation is helpful if you can save an interest rate on a new loan that is lower than the average interest rate of the earlier loans. The only disadvantage that lies here is that one will likely end up having to reimburse the debt quicker than before. Before consolidating your debt, make sure that you can make the payments on a new loan. This may also help to reimburse large portions of your loans on credit rather than with a single loan, consolidating it into more controllable pieces.

4. Credit Score – Last but not least, always keep a close watch on your credit score while reimbursing a personal loan. The credit score plays a major role in finances and has an important relationship with the loans taken out. How you manage your loans is reflected in your credit score. On the other hand, falling behind on your payments will subordinate the credit score. Thus, a higher credit score is important.

Different offers for Oriental Bank of Commerce Personal Loan

Oriental Bank of Commerce Doctor Loan

Oriental Bank of Commerce offers special Personal Loans to Doctors who require funds. Bank gives them loans ranging from Rs. 50000 to Rs. 50 lakhs for a tenure of 12-60 months at interest rates starting from 11.25%. There are certain personal loan eligibility criteria’s for availing of this loan:

The credit score should be at least 650.
Age should be 25-65 years.
Medical Experience – More than 4 years (as a doctor).

Oriental Bank of Commerce Marriage Loan

Oriental Bank of Commerce offers Personal Loan for Marriage to solve people who are facing a shortage of funds for their or their close one’s marriage. There is no restriction on using this loan amount and can be used for anything from wedding banquets to makeup or stylists, etc. You get these amounts quickly within seconds if you are a pre-approved customer with the bank or as quickly as 4 hours in some cases. The bank charges an attractive interest rate and gives you the option of choosing the loan tenure.

Oriental Bank of Commerce Personal Loan for Government Employees

To fulfil the individual requirements of all the public authority workers, the Oriental Bank of Commerce is here. The moneylender offers individual credit to the representatives of public area endeavours, including Central, State, and Local Bodies. The base net month to month pay of a worker should be INR 15,000/20,000 to profit the greatest advance measure up to INR 40 Lakh. The individual advance offered by the Oriental Bank of Commerce accompanies a residency of 5 years alongside a handling expense of 1.50% of the advance sum.

Oriental Bank of Commerce Personal Loan Offers for Government Employees

Offers By Government	Number of Companies	Processing Fee(% of the Loan Amount	IRR
Miniratna, Navratna, and Maharasthra	55	1.50%	13.49%
			11.49%
			10.99%
Pensioner	All	1.50%	14.75%
Employees from the Railway Department	All	1.50%	16.50%
			15.00%
			14.25%
CISF, CRPF, ITBP, SSB, and BSF	All	1.50%	14.75%

State and Central Government Officers:

Section	Salary	Processing charge	IRR
Government Officer Division A (GA) and Division B (GB)	NTH>24k	2%	16.75%
	NTH>35k	2%	15%
	NTH>50k	1.75%	14.75%

Oriental Bank Personal Loan for Pensioners

Oriental Bank offers special plans for Pensioners looking out for Personal loans. They provide good funding at attractive rates of interest to pensioners. Some of the features of Oriental Bank Personal Loan for Pensioners are listed below:

Minimum Pension Amount – 25000+
Maximum age – 65 years at loan maturity
50% of extra income (FD interest rental income, etc.) can be counted as Actual Income
Oriental Bank Personal Loan Interest Rate – 9.35%
Tenure – a minimum of 12 months

Oriental Bank Personal Loan Balance Transfer

Personal Loan Balance Transfer refers to a process where you shift your loan from one lending institution to another. In this, your new bank pays off your previous loan and gives you the loan. You get many benefits if you do this, but you may have to pay the foreclosure charges associated with that loan along with the Processing fee on your new loan. Some of the benefits are listed below –

Lower Interest Rate
Extended Tenure for the Repayment

Oriental Bank Personal Loan Top Up

Top up facility on your loan is the additional amount that you borrow from the bank on your existing loan. Bank of India lets you avail of this facility if you have paid at least 9 regular EMIs without any hindrances in payment. You can get a top-up of a minimum of ₹50,000 and a maximum of your already sanctioned loan amount.

Oriental Bank of Commerce Personal Loan Overdraft Facility

An individual overdraft is a credit office that licenses you to pull out an all-out as and when required. You can also repay the cleared out completely at whatever point the condition is ideal. Hence, it is maybe the most preferred credit decisions that profited to meet changing individual supporting necessities unbounded.

Apply for an overdraft office as an Oriental Bank of Commerce Personal Loan. The adaptable improvement office has all the tremendous features of an unstable overdraft credit

Home Renovation Loan

For individuals who want to get their homes redesigned, the Oriental Bank of Commerce provides home redesign credit. This individual loan will fund the required repairs or assist the applicant to purchase new fittings, appliances, and furniture for their home. Some of the Oriental Bank of Commerce Home Renovation Loan’s essential highlights are:

The funding cost of the Home Improvement Loan from the Oriental Bank of Commerce starts at as low as 11.25 percent.
People could be qualified to have their home remodelled for an advance amount of Rs. 20 Lakh
Bank of India’s home remodels credit needs zero paperwork, rendering the whole advance period free of bother.
The advance amount is generally credited to the record within 72 hours until your application is preferred by the bank.

Holiday Loan

The Holiday Loan of Oriental Bank of Commerce will help you with a minor issue in planning your dream get-away. This individual Oriental Bank of Commerce advance will subsidize a variety of expenses related to excursions, including booking travel tickets, hotel facilities, guided tours, and so on The main highlights of the Oriental Bank of Commerce Holiday Loan are:

Holiday loan financing costs start at 11.25 percent p.a.
You can do a measure of up to Rs 20 Lakh without a lot of a stretch profit, so your dream excursion will not be ruined because of a monetary crunch.
Streamlined and minimal paperwork ensures the basic and clear financing of your get-away.
Brisk planning and disbursement of progress that is specifically attributed to your record.

Fresher Funding

In either case, a dominant part of insecure individual credits is based on individuals with customary pay Oriental Bank of Commerce’s Fresher Funding is outstanding. This Oriental Bank of Commerce credit alternative is intended to assist freshers, such as continuing alumni searching for their first job for example. Some significant highlights of individual credit from Oriental Bank of Commerce Fresher Funding are as follows:

Amount of credit up to Rs 1.5 lakh
Candidates must be 21 years of age, at any rate.
The speed of interest for Fresher Funding depends on the profile of the candidate, the financial record/score, the candidate’s age, and region.

NRI Personal Loan

Oriental Bank of Commerce provides a person advance specifically for NRIs, recognizing the necessities and dreams of NRIs. An Indian inhabitant should be the primary advance nominee, and a nearby family member must be the co-candidate NRI. The following highlights include the Individual Loan for NRIs.

Oriental Bank of Commerce provides individual NRI advances of up to Rs. 10 lakh with adaptable end-use advances.
NRI Personal Loan funding costs start at 15.49 percent p.a.
A residence of as long as three years is included in the credit.

Oriental Bank of Commerce Personal Loan Preclosure Online

Oriental Bank of Commerce enables a Personal loan borrower to make a pre-closure or a pre-payment of a loan. However, you will be able to prepay your Oriental Bank of Commerce Personal Loan only after 12 months after you have procured your loan and after paying 12 EMIs plus the foreclosure charges that may be applicable. If you meet this requirement, you can repay your personal loan before the original due date and close your loan early.

Oriental Bank of Commerce Personal Loan Process Steps

Step 1: Determine your requirement
Figure out why you need a Personal Loan and how much you need. For example, you may need a loan to fund your wedding or to renovate your home. And you may need just Rs. 1 lac or Rs. 10 lac.

Step 2: Check loan eligibility
Once you know how much you need, you should check whether you are eligible. You can visit the Oriental Bank of Commerce Personal Loan Eligibility Criteria online, to find out how much you can borrow as a Personal Loan. Oriental Bank of Commerce offers loans up to Rs. 40 lac.

Step 3: Calculate monthly instalments
Use an online EMI tool to calculate your approximate loan repayments every month. You can modify the interest rate and tenure to match your monthly income, like on the Oriental Bank Personal Loan EMI Calculator. It offers pocket-friendly EMIs on all its Personal Loans starting at Rs. 1606 per lac * (T&C).

Step 4: Approach the bank
You can apply for a Personal Loan with the Oriental Bank in various ways: Via Net Baning, online on the Oriental Bank of Commerce website, at an ATM, or by visiting a branch.

Step 5: Submit documents
Next, find out what documents are required for a Personal Loan. You will usually need income proof (bank statements, salary slips or IT returns), address proof, and ID proof. Hand over copies of your Personal Loan documents at the bank.

Wait for funds to be remitted to your account. Oriental Bank of Commerce disburses funds for pre-approved loans to customers in 10 seconds*, and for non-Oriental Bank of Commerce customers in 4 hours.

That’s how to get a Personal Loan in 5 easy steps!

Oriental Bank of Commerce Personal Loan Prepayment Charges

If you are a salaried applicant, you can pre-pay your Oriental Bank of Commerce Personal Loan only after paying 12 equated monthly instalments completely.

The pre-payment charges for salaried applicants are as follows:

4% of the outstanding principal amount for 13 to 24 months.
5% of the outstanding principal amount for 25 to 36 months.
2% of the outstanding principal amount for more than 36 months.

How to Apply for Oriental Bank of Commerce Personal Loan?

Oriental Bank of Commerce personal loan apply online with three easy steps:

Visit Dialabank and fill the form.
Wait for our experts to call.
Submit documents and get quick disbursal.

The Oriental Bank of Commerce Personal Loan Verification Process

The following main measures are included in the verification process for a personal loan:

Step 1: Your preferred lender receives your online loan application after you have submitted your online application on the Dialabank website / Dialabank App.
Step 2: The lender’s representative will then contact you to check the details of the application and arrange for the documentation needed for your loan application to be picked up.

Step 3: The personal loan application is accepted after the records have been obtained and successfully checked.

Stage 4: The loan is disbursed once the loan agreement is signed by the borrower.

Check your Oriental Bank of Commerce Personal Loan application Status Online

To check your Oriental Bank of Commerce Personal Loan’s status, you can:

Visit the bank branch where you applied for the loan directly and provide your loan application information to the loan officer
Visit the Oriental Bank of Commerce website and work out the details of your loan.
Send the details of your loan via email to the bank.
Via the bank’s I-mobile app
These techniques allow you to easily monitor your loan status.

How to Login into the Oriental Bank of Commerce Portal

Check the official website of the Oriental Bank of Commerce.
Click on ‘Login’ in the upper right corner of the screen.
Using your User ID and Password or reported mobile number to log in

How to Check Your Personal Loan Statement

By following the means given below, clients can download the bank’s very own credit proclamation:

Visit the bank’s official site.
Select ‘Link’ and choose ‘Administration Requests’ from the drop-down list.
On the following page that opens, click ‘Individual Loan Linked’ under the ‘Advances’ menu.
First, click on ‘Solicitation for Loan Account Statement’.
To profit from the bank’s very own credit explanation, log in using your User ID and the hidden word or using your enlisted flexible number and OTP.

Oriental Bank of Commerce Personal Loan Restructuring (COVID-19)

Due to the COVID-19 pandemic, the cross-country lockout antagonistically influenced multiple borrowers and a multi-month ban on various term advances was declared to moderate its effect to a particular degree. The RBI-commanded one-time gain of Oriental Bank of Commerce’s individual credit reconstruction was announced by Oriental Bank of Commerce after the half-year ban had expired. This instrument is intended to offer relief to those borrowers who are not yet able to begin repayment of their usual EMI due to the pandemic’s continuing money-related difficulties.

The Bank’s credit target system proposes an additional ban of as long as two years or an extension in the existing reimbursement time period to decrease EMI instalments from month to month. As a primary concern, it is imperative that the rebuilding of your Oriental Bank of Commerce individual credit will result in additional premium charges well beyond those of the first advance. Consequently, if anything else fails with the intention of not ending up defaulting on your great credit, this relief instrument can only be used.

Oriental Bank of Commerce Customer Care

Customers can contact the Oriental Bank of Commerce customer care via any of the following means:

By Phone: You can call Oriental Bank of Commerce on 9878981166 (toll-free)
Callback Request: You can also request a call back by visiting the bank’s website
Online Chatbot: You can also get your queries answered by the iPal chatbot online
Branch Visit: You can visit the nearby Oriental Bank of Commerce branch to get your queries.

Benefits of Applying for Personal Loan on Dialabank

In applying for a personal advance on the Dialabank platform, there are numerous points of interest. Some of them are provided underneath:

24 x 7 Accessibility: Anytime and wherever you can get to the Dialabank platform, and in this way, apply for an individual advance whenever your home or office is relaxed.
Multiple moneylenders on a solitary stage: com empowers you to receive individual credit deals on a solitary stage from different scheduled loan specialists and thus removes the need to visit various bank sites or branches.
Know EMI in a split second: With the individual advance EMI calculator, you can check the EMIs you would be paying on an individual credit even before you apply for one. It will assist you with acquiring the suitable sum that you can without much of a stretch reimburse and have a helpful reimbursement plan.
Liberated from cost: Additionally, you are not needed to pay any charges when you apply for an individual advance on Dialabank.

How to Get the Best Offer on Oriental Bank of Commerce Personal Loan

You can get the best close to home financing costs from Oriental Bank of Commerce subject to an evaluation of your credit sum, pay, other commitment organizations you work with, and advance residency. The accompanying elements decide the individual credit pace of interest you can hope to get from the Oriental Bank of Commerce:

Credit Amount – This is the sum acquired by a borrower from the bank. By and large, banks offer lower financing costs for higher sums. Oriental Bank of Commerce offers credits between ₹ 50,000 and ₹ 75 Lakh.
Compensation – Income characterizes your ability to reimburse the credit. More significant compensation section people are offered credits at lower financing costs. The loan cost of the bank fluctuates with your net month to month pay.
Manager Category – Oriental Bank of Commerce has an inner rundown of organizations falling into classifications that are positioned from high to low organization classes dependent on the organization’s size, notoriety, and existing relationship with the bank. Representatives who have a place with organizations in higher organization classes get appealing limits and low financing cost advances.
Relationship with the Bank – Oriental Bank of Commerce offers extraordinary rates, offers, and charges to the current record holders of the bank. The individuals who have dealt with their records and made all the instalments on time in the past will get the advantage of a low bank of India advance loan cost.
Credit Tenure – Personal advances are of more limited residency that goes from a year to 60 months as they are taken to meet their quick prerequisites.
Reimbursement Capacity – Before giving an advance to the borrower, the Oriental Bank of Commerce checks the reimbursement limit of the borrower. Bank confirms the reimbursement limit of the client through CIBIL as it has the reimbursement history of past credits taken. CIBIL additionally catches data of charge card charges instalment.

How does Oriental Bank of Commerce Personal Loan work?

Here is the process:

Maximum Annual Percentage Rate (APR)	11% to 22.5%
A representative example of the total cost of the loan, including all applicable fees	Here is an illustration of the total cost of the loan:
	Total amount borrowed: ₹ 1,00,000
	Time period: 12 Months to 60 Months
	Oriental Bank of Commerce Personal Loan Interest Rate: 10.50% to 22.00%
	Processing Fee payable to Upto ₹ 2,500
	Fee payable to MyLoanCare: NIL
	Total Monthly Cost – From ₹ 2,149 for 60 Months ₹ 1,00,000 loan at 10.50% (lowest rate, longest time period) to ₹ 9,359 for 12 Months ₹ 1,00,000 loan at 22.00% (highest rate, shortest time period). This is inclusive of principal repayment.
	Annual Percentage Rate (APR) of charge including all applicable fees: 11% to 22.5%
	Total cost payable over loan tenure: ₹ 8,278 for 12 Months loan to ₹ 31,463 for 60 Months loan

Important Aspects

Some important angles that you should consider when applying for an individual Oriental Bank of Commerce credit are given below:

When applying for a personal advance, it is nice to review your financial evaluation in any situation. A good credit evaluation builds up the chances of your credit endorsement and can cause you to benefit from an individual advance on better terms.
It is wise to think about the cost of an individual credit (premium expense and all fair expenditures and charges) provided by various moneylenders on Dialabank.com before deciding on a particular bank.
Acquire as per the ability to need and reimbursement. Try not to gain just because you’re willing to get a higher number. It just adds to the cost of your advantage and has not many benefits over the long haul.
Try not to apply for individual advances concurrently with separate moneylenders. This shows that you are ready for credit and raises the number of complicated demands for your credit report, which can have an antagonistic impact on your credit rating.

FAQs About Oriental Bank of Commerce Personal Loan

✅ How to apply for Oriental Bank of Commerce Personal Loan?

You can apply for a personal loan with Oriental Bank by visiting the nearest bank branch or by submitting a simple form with Dialabank. You can get a facility to apply from anywhere and get personal loan approval faster.

✅ What is the Interest Rate for Oriental Bank of Commerce Personal Loan?

The interest rate on a personal loan for Oriental Bank is 8.95% per annum.

✅ What is the minimum age for getting a Personal Loan from Oriental Bank of Commerce?

You need a minimum age for getting a personal loan from Oriental Bank is 21 years.

✅ What is the maximum age for getting a Personal Loan from Oriental Bank of Commerce?

The maximum age for getting a Personal Loan from Oriental Bank is 60 years.

✅ What is the minimum loan amount for Oriental Bank of Commerce Personal Loan?

You can get a minimum loan amount to apply for a personal loan from Oriental Bank is Rs. 50,000.

✅ What is the maximum loan amount for Oriental Bank of Commerce Personal Loan?

Oriental Bank lets you take advantage of the maximum loan amount of Rs. 10 lakhs for a personal loan.

✅ What are the documents required for the Oriental Bank of Commerce Personal Loan?

The documents required to apply for a personal loan from Oriental Bank are Aadhaar Card, Driving License, Passport, Voter ID, Ration Card, Salary slips of the last 6 months, bank statements of the last 3 months, ITR file of two assessment years for income proof.

✅ What is the Processing Fee for Oriental Bank of Commerce Personal Loan?

The processing fee charged by Oriental Bank for getting a personal loan is 1% of the Loan Amount.

✅ How to get Oriental Bank of Commerce Personal Loan for Self Employed?

Oriental Bank proffers financial help to self-employed borrowers. You must have to present the ITR files of the last two years for income proof.

✅ What is the Maximum Loan Tenure for Oriental Bank Personal Loan?

The Oriental Bank has a maximum loan tenure period of 60 months for personal loans.

✅ What should be the CIBIL Score for Oriental Bank Of Commerce Personal Loan?

Your CIBIL score should be 750 and above for getting a personal loan from Oriental Bank.

✅ Do I have a pre-approved offer for the Oriental Bank of Commerce Personal Loan?

Through Dialabank, you can check out pre-approved offers for a personal loan from Oriental bank. You have to fill a form with Dialabank and we will check out offers suited for you.

✅ How to calculate EMI for Oriental Bank of Commerce Personal Loan?

To calculate EMI for your personal loan from Oriental Bank, use the EMI Calculator available at Dialabank’s website.

✅ How to pay Oriental Bank of Commerce Personal Loan EMI?

The Oriental Bank deducts automatically your personal loan EMIs from your bank account. You can pay your EMIs through the net banking facility of Oriental Bank.

✅ How to close Oriental Bank of Commerce Personal Loan?

Before closing the loan, you must have paid all the outstanding personal loan amount and then contact the bank branch and receive your no dues certificate.

✅ How to check Oriental Bank of Commerce Personal Loan Status?

You will contact the Oriental Bank branch to know the status of your personal loan. You can visit Dialabank and fill a form there and the rest will do by the bank representative.

✅ How to close Oriental Bank of Commerce Personal Loan Online?

If you want to close your personal loan from Oriental Bank online, you have to follow the given steps:

Do visit the net-banking page of Oriental Bank.
Login with your details.
Pay your personal loan.
Save the transaction receipt.

✅ How to pay Oriental Bank of Commerce Personal Loan EMI Online?

Oriental bank subtracts automatically your personal loan EMIs from your bank account. To get a low-EMI personal loan, fill a form at Dialabank.

✅ How to check Personal Loan Balance in Oriental Bank of Commerce?

For checking your personal loan balance in Oriental Bank, you will come in contact with the customer care number. If you look for low-interest personal loans, you must visit Dialabank and fill a form there for Personal Loan Balance Transfer.

✅ How to download the Oriental Bank of Commerce Personal Loan Statement?

The personal loan statement of Oriental Bank can be downloaded through the Oriental Bank’s mobile banking app. You can also fill a form by visiting the online platform of Dialabank.

✅ How to Top Up Personal Loan in Oriental Bank of Commerce?

To get a top-up personal loan from Oriental bank, you will visit the Oriental Bank branch and contact the loan officer. You can also apply for the Personal Loan Top Up with Dialabank.

✅ What happens if I don’t pay my Oriental Bank of Commerce Personal Loan EMIs?

If you don’t pay your personal loan EMIs, Oriental Bank will charge a penal interest. To get low-interest personal loans, you can apply for a balance transfer using Dialabank.

✅ What relaxation scheme and moratorium Oriental Bank provides about Personal Loan due to Covid 19?

A period of 6 months can be provided by the Oriental Bank of Commerce as a moratorium for COVID-19.

✅ How to find the Oriental Bank of Commerce Personal Loan account number?

To know about your personal loan account number, you will require to contact your Oriental Bank loan branch. Dialabank will also help you in this so fill the form at Dialabank.

✅ What is the Oriental Bank of Commerce Personal loan customer care number?

Call at 9878981166 for any query.

✅ What are the Oriental Bank of Commerce Personal Loan pre-closure charges?