Loan Policy of Oriental Bank Of Commerce


Hii sir, I Wants to get the Information About the Education Loan Policy of the Oriental Bank Of Commerce ?


OBC provides education loans for meritorious and aspiring students to take up a course of their choice at appealing terms and rates. Financing options are available for a wide range of undergraduate and postgraduate courses at institutions in India and abroad.

Quantum of Loan Amount:
Based on the location of studies, the maximum amount of loan offered by OBC is Rs.10 lacs for courses in India and up to Rs.20 lacs for overseas studies. This quantum ensures maximum funding for your education, with little burden on you.

Loan Margin:

For loan amount up to Rs.4 lacs, no margin is required. OBC takes care of entire funding of the course on basis of the approved amount.
For all other amounts above this benchmark, a margin of 5% is applicable for studies in India and 15% for overseas studies.

Expenses Considered for Oriental Bank of Commerce Education Loan:
Regular course fees along with charges incurred on boarding/lodging if the candidate opts for outside accommodation.
Examination fee, Library/Lab fees, Caution deposit, Building fund, Institution bills provided these charges do not exceed 10% of the total tuition fees for the entire course.
Costs incurred towards purchase of books, equipment, computers, uniforms etc.
Travel expenses incurred on overseas studies.
Expenses related to study tours, project work, thesis, etc.

Term for Repayment:

For borrowings of up to Rs.7.50 lacs, repayment can be made in EMIs for up to 10 years. For all other amount above this threshold

Loan Amount Male Students Female Students

Up to Rs.4 lacs
12.75%(B.R + 2.50) Concession of 0.50%

Above Rs.4 lacs but not exceeding
7.50 lacs with Third party Guarantee
13.25%(B.R + 3.00) Concession of 0.50%

Above Rs.4 lacs but not exceeding 7.50 lacs
with Immovable property or tangible assets
12.00%(B.R + 1.75) Concession of 0.50%

For more Information you may Contact to the Nearest branch of the Oriental Bank of Commerce

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