- Oriental Bank of Commerce Education Loan Overview
- What is the rate of interest of the OBC Bank education loan?
- What is the margin money on the OBC Bank education loan?
- How much loan can be taken from the OBC Bank education loan?
- What is the repayment period of the OBC Bank education loan?
- What is the security required to be pledged for the OBC Bank education loan?
- What are the documents required for an OBC Bank education loan?
- At what locations in India can a student avail of an OBC Bank education loan?
- Does the OBC Bank education loan is available for all types of degrees and disciplines?
- If the loan amount is below INR 4 Lakhs, students do not have to pledge any form of collateral or security. Parents have to be a co-applicant and it would suffice.
- For loans between INR 4 Lakhs and INR 7.5 Lakhs, a third-party co-applicant is mandatory along with the parents.
- If the loan amount is more than INR 7.5 Lakhs, the parents or guardian can be the co-applicant along with collateral security of suitable value is mandatory to assure the repayment of the loan.
- Address proof: passport, voter ID, electricity bill, etc.
- Academic record: 10th/12th mark sheet for undergrad students and graduation degree & mark sheet for PG students.
- Age proof
- Community certificate
- Family income proof: ITR, salary certificate, pension certificate of parent/guardian.
- Admission certificate or I20 from the college/university
- Fee details
- Collateral documents (if applicable): LIC policy, valuation certificate, registry documents, etc.
- An affidavit declaring that no study loan is availed from any other bank by the student and his/her parent.
Updated on: 07 Sep 2023
6 min read
Every student needs a quality education to lead a successful career and life. Unfortunately, such a study comes at an expense that not everyone who deserves it can bear. That's where education loans come into play. When it comes to providing education loans at competitive interest rates, Oriental Bank of Commerce (OBC) education loans become an option for students.
Every student needs a quality education to lead a successful career and life. Unfortunately, such a study comes at an expense that not everyone who deserves it can bear. That's where education loans come into play. When it comes to providing education loans at competitive interest rates, Oriental Bank of Commerce (OBC) education loans become an option for students.
Table of Content One of the top public sector banks in India, OBC Bank holds a vast network of branches all over the country. OBC Bank education loan can be avail of in order to pursue higher education in premium colleges in India and abroad. Study loans from OBC Bank come with flexible repayment options and repayment period starting after the student has completed the course. An OBC Bank study loan helps students who want to pursue their higher education in various disciplines in various colleges across India and overseas. Education loan schemes of OBC Bank cover all costs such as college fees, hostel fees, books, equipment fees, travel money, etc for abroad studies. In this blog, we will take you through all the features, requirements, and benefits of an OBC Bank education loan. So, let's start... Maximum Loan Amount For premium colleges: Up to INR 20 Lakhs Loan Tenure Up to 15 Years Interest Rate 7.30% to 9.30% p.a. Moratorium Period Repayment starts after the course completion Margin Money Up to INR 4 Lakhs- Nil Eligibility The student should be an Indian citizen. Students can get study loans at a floating rate of interest that ranges from 7.30% to 9.30% p.a. The applicable interest rate depends upon the student’s profile and the college. FOR Oriental Bank of Commerce study loans, there is no margin money for the education loans up to INR 4 Lakhs. For the loan amount of more than INR 4 Lakhs, the margin money is up to 15% for abroad education and 5% for study in Indian colleges. The bank can sanction up to INR 10 Lakhs for studies in India and up to INR 20 Lakhs for abroad studies. Repayment of OBC Bank study loan can be started either after the course completion. The loan repayment period can be up to 15 years. Fill in the form to get free assistance Read more about: Documents Required for Education Loan Students can apply for an OBC Bank education loan at any branch in or near his/her place of domicile. Read Also: OBC Bank offers education loans diplomas, undergraduate courses, and postgraduate courses which offer professional and technical degrees in India and abroad. Get in touch with GyanDhan if you are also looking for an education loan to study abroad, from public sector banks, private banks, or NBFCs. We have a tie-up with top financial lenders in India in order to provide students the best deal on education loans. For both secured and unsecured education loans, you can check your loan eligibility and gauge if you are qualified for an education loan. If you are eligible, our education loan counselor will contact you to understand your requirements in detail and suggest you the best loan options for you. We leverage our partnership with banks and help you through the process. Our loan assistance service is totally free- we do not charge any money from the students! So, get in touch with GyanDhan and we make your loan process easy!
Oriental Bank of Commerce Education Loan Overview
For others: Up to INR 10 Lakhs
For more than INR 4 Lakhs- 15% for studying abroad and 5% for Indian college/university
Students should have secured admission to professional or technical courses in India or abroad. What is the rate of interest of the OBC Bank education loan?
What is the margin money on the OBC Bank education loan?
How much loan can be taken from the OBC Bank education loan?
What is the repayment period of the OBC Bank education loan?
Need An Education Loan To Study Abroad?
What is the security required to be pledged for the OBC Bank education loan?
Documents required for Oriental Bank of Commerce Education Loan
At what locations in India can a student avail of an OBC Bank education loan?
Does the OBC Bank education loan is available for all types of degrees and disciplines?

A vampire hunter, a renowned archaeologist, and an Oscar-winning filmmaker... Rahul is none of them. He is just a curious soul whose interest in education and finance sectors goes beyond his journalism degree and the monthly salary.

Aman Jain graduated from IIT Kanpur, and currently functions as the CMO at GyanDhan. He is deeply passionate about creating equality in higher education and has directly interacted with 2 Lakh students in his 8-year-long journey.
Specializes in:
Education loan ,
Study Abroad Admissions

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