Oriental Bank of Commerce


Indian nationals not above 45 years of age those who secured admission in a recognized course of an approved university (AICTE approved institutions) OR institutes recognized by a statutory body.


Amount of Loan:

Education in India - Max. Rs.10.00 lacs.

Education Abroad - Max. Rs.20.00 lacs.



For Loans upto Rs.4.00 lac


No Collateral Security

Co-obligation of parents/guardian is must.

For Loans above 4 lacs and upto Rs.7.50 lacs


No Collateral Security required

Co-obligation of parents/guardian is must.

One satisfactory third party


Above Rs.7.50 lacs


Co-obligation of parents/guardian is obligatory.

Mortgage of immovable property or any other tangible security like pledge of NSC/UTI/LIC (Surrender Value)/Bonds/Bank's deposits (Except under tax saving scheme) etc. . having value at least equal to 100% of loan.



Upto 4 lacs - NIL

Above 4 lacs for education in India - 5%

Education Abroad - 15%


Rate of Interest :

For Loan upto Rs. 4.00 Lacs : PLR - 2.25 = 11.75 % per annum

For Loan above Rs. 4.00 Lacs : PLR - 1.50 = 12.50 % per annum



Repayment :

Within 84 EMIs commencing 12 months after course or 6 months after getting the job, whichever is earlier.


Documents to be submitted :

Admission slip, residence proof, age proof, letter from institute



Maximum of Seven Years 



Delhi Tel: 011- 28758205, 28754203

Bangalore Tel: 080-25095657

Chennai Tel: 044-28495566, 28497788

Hyderabad Tel:  040-23351243, 23351233

Kolkata Tel: 033-23379559, 23379560

Mumbai Tel: 022-22182085, 22166485