I want to know the Prime Lending Rate PLR of Oriental Bank Of Commerce so can you tell me?

Oriental Bank of Commerce (OBC) has increased its Prime Lending Rate (PLR) by 50 basis points to 13.75% to maintain its margin.

Interest rate on Advances

As per policy, Interest on Advances are charged on reducing balances.

Maximum spread of the Bank is 3%,Penal rate for any irregularity in the loan accounts is 2%”

Interest Rates on Advances (w.e.f. 14.05.2012)

Prime Lending Rate : 14.75%
Prime Term Lending Rate (PTLR) : 14.75%
Maximum interest spread over PLR/PTLR
(exclusive of Tax) other than export
Credit and Consumer Credit : 3.00%
In respect of Borrowers enjoying limits up to
and inclusive Rs.2.00 lac: 14.75%
Base rate of the bank w.e.f. 30.09.2015 9.70 %

Interest rates are chargeable on floating or Fixed rates depending upon scheme and terms & conditions of sanction.

Contact-

Oriental Bank of Commerce (OBC)
Corporate Office
Plot No. 5, Institutional Area
Sector-32
Gurgaon – 122001

Telephone Nos.:

PBX board/ receiption numbers : 0124-4126200 and 0124-4126300

Toll Free Customer Care No. : 1800-180-1235
Toll Customer Care No. : 0120-2580001