RMGOE

Oriental Bank of Commerce Education Loan

The Oriental Bank of Commerce is a leading public sector bank in India that was established in 1943 in Lahore, Pakistan. The bank offers projects and services that benefit minorities, rural sectors, backward classes and women. The Bank is very serious about its Education Loan Facility and by developing an effective customer-centric relationship it promises to emerge as a world-class education Loan provider.

Brief Review

Profile

Description

Name of Bank 

Oriental Bank of Commerce

Founded on

19 February 1943

Headquarter

Gurgaon, India

Type of Bank 

National Bank

Number of Employees

21,469 (2016)

CEO Name

Mukesh Kumar Jain

Maximum Loan Amount 

No Upper Limit, As per the fee structure of the Institute Also, depending on the category of an institute

Timeline for Loan Disposal

Maximum 15 Working days

Annual Revenue

Δ 20,058.71 crore

Processing Fees

  • Up to Rs. 4.00 lacs:-No Processing Fee will be charged.
  • Above Rs. 4.00 Lacs: - 1% of the loan amount to be recovered upfront, subject to a minimum of 10000/- plus service tax.

Other Subsidiaries

  • Oriental Bank of Commerce
  • Asset Management Arm

Category 

Education Loan in India

 

How to Apply

Online

  • Visit official Web Site of Oriental Bank of Commerce (Click Here)
  • Find the Educational Loan Section (Apply Now Button)
  • Fill online Application Form

Offline

  • Visit the nearest branch of Oriental Bank of Commerce to get offline Education Loan form.
  • You may also download the form from official web handle.
  • Submit the duly filled Application Form to Nearest Branch along with document needed.
 

Eligibility

  • The applicant should be an Indian national.
  • Applicant must have secured admission in any government recognized educational institution.
  • Eligible courses, Professional courses for the Oriental Bank of Commerce Education Loan.
 

Documents Needed

  • Identity Proof
  • Residence Proof
  • Mark sheet of last qualifying examination for school and graduate studies in India
  • Academic Records: 10th Result, 12th Result, Graduation result-semester Wise.
  • Proof of admission: Offer Letter or Admission Letter from the Institution.
  • Schedule of expenses for the course
 

Expenses Considered

  • Tuition and course fee
  • Examination, library and laboratory fees
  • Caution deposit
  • Cost of books, Uniforms, Equipment and other instruments.
  • Travel Expenses
  • Expenses related to study tours, project work, thesis, etc.
 

Return Policy

  • Up to 15 years
  • The loan is repayable in EMI Moratorium period shall be exclusive of the Repayment period.
 

Contact Details

Head office 

Oriental Bank of Commerce Institutional Area, Sector-32, Gurugram

Official website

www.obcindia.co.in

Apply for Loan 

Click Here

Contact Number

18001801235

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