Oriental Bank of Commerce Loans

Oriental Bank of Commerce (OBC), one of the leading public sector commercial banks in India, has a host of loan products ready for individual, corporate and NRI clients. Oriental Bank of Commerce loans have a lot to offer borrowers since these loan schemes come with a host of attractive benefits and features.

About Oriental Bank of Commerce Loans

Oriental Bank of Commerce loans come with flexible repayment terms and attractive interest rates. Loan products offered by Oriental Bank of Commerce are devised in such a way that consumers can pay them off in a convenient and hassle-free manner. Given below are the different types of innovative loan products offered by Oriental Bank of Commerce:

Housing loan

It is an ideal home financing option for salaried individuals, businessmen, self-employed professionals, agriculturists and Hindu Undivided Families (HUFs).

Educational loan

A perfect financing option to pursue higher education.

Vehicle/car finance scheme

You can use this loan for financing purchase of new/old two wheelers and four wheelers.

Personal loan

This loan can be used for fulfilling personal needs such as education, wedding, household requirements and purchasing consumer durables and gold jewellery.

Loans to professionals

Professionals can use these loans for purchasing furniture and fixtures, plant and machinery, office premises, vehicles and other purposes.

Loans to doctors

Doctors can use these loans for meeting personal needs and purchasing medical equipments.

Loan to defense personnel

Defense personnel can use these loans for purchasing consumer durables or financing purchase of two wheelers.

Clean loan to traders

Traders can use these loans for financing working capital requirements and purchasing properties for businesses.

Loan to small and medium enterprises (SMEs)

Oriental Bank of Commerce offers a slew of loan products to small and medium enterprises which obviously includes Debt Restructuring Scheme (DRS) for Small and Medium Enterprises. Other types of loans offered to small and medium enterprises are as follows:

• Micro Enterprise Advances (Services & Manufacturing)
• Small Enterprise Advances (Services & Manufacturing)
• Medium Enterprise Advances
• SSI (Small Scale Industry) Advances to Women Entrepreneurs

Loan to Women

Oriental Bank of Commerce has designed a range of loan products for women. The popular loan schemes for women innovated by Oriental Bank of Commerce includes the following products:

• Scheme for Financing Working Women
• Scheme for Boutiques/ Beauty Parlor/Tailoring/Saloons
• Scheme for Professional and Self Employed Women
• Oriented Mahila Vikas Yojana

Other loan schemes

For the convenience of borrowers, Oriental Bank of Commerce has also launched a number of other loan schemes which include the following:

1) Agriculture loan schemes

The agriculture loan schemes offered by Oriental Bank of Commerce can be further categorized into the following types:

• Agricultural Loan against Security of Gold Jewellery
• Scheme for Purchasing Second Hand Tractor
• Scheme for Financing Saw Mills and Timber Merchants
• Scheme for Financing Working Capital Requirement of Cold Storage
• Scheme for Purchasing Tractor
• Scheme for Financing Farmers for Purchase of second hand Trucks and Other
• Schemes for Financing Farmers for Purchase of Trucks and Other
• Scheme for Financing Commission Agents
• Financing Two/Three Wheelers to Farmers
• Agriculture Clinic and Agriculture Business Centers
• Purchase of Land for Agriculture Purposes
• Advance against Warehouse Receipts to Farmers
• Overdraft Facility to Farmers
• Composite Credit Scheme for Agricultural Leading
• Kisan Credit Card-Oriented Green Card (OGS)

2) Swarojgar Credit Card Scheme

3) Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)

4) Laghu Udhami Credit Card-Oriented Business Card Scheme (OBCS)