Oriental Bank of Commerce is a leading public sector bank in India that was established in 1943 in Lahore, Pakistan. Post partition and independence, OBC shifted its base to Amritsar in Punjab

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.

Eligible Courses for Studies in Abroad for applying for Education Loan in this Bank:

1. Graduation
For job-oriented professional/technical courses offered by reputed universities. (Diploma/ Certification courses are not permissible)

2. Post Graduation
Courses like MCA, MBA, MS etc.

3. Courses conducted by CIMA-London, CPA in USA etc

4. Degree/ Diploma
Courses like Aeronautical, Pilot training, and Shipping etc. provided these are recognized by competent regulatory bodies in India/ abroad for the purpose of employment in India and abroad.

Other Courses:

Studies in India

1. Approved courses leading to Graduate/ Post Graduate degree and Post Graduate diplomas conducted by recognized Colleges / Universities approved / accredited by Government of India/ State Government/ UGC / Government /AICTE /AIBMS / ICMR or Regulatory bodies.

2. Courses like I.C.W.A., C.A., C.F.A., etc.

3. Courses conducted by IIMs, IITs, IISc, XLRI, NIFT, NIDetc.

4. Approved courses offered in India by reputed foreign universities

5. Regular Degree/Diploma courses like Aeronautical, pilot training, shipping, degree/diploma in nursing or any other discipline approved by Director General of Civil Aviation/Shipping/Indian Nursing Council or any other regulatory body as the case may be, if the course is pursued in India.



Eligibility for Loan

Student who is / has: -

1. An Indian national.

2. Meritorious student

3. Secured admission to a higher education course in an institute recognized by a statutory body in India or abroad through entrance test/ merit based selection process


Components of Finance

1. Fee payable to college/ school/ hostel (lodging and boarding). Reasonable Lodging & Boarding charges will be considered in case the student chooses/ is required to opt for outside accommodation.

2. Examination/ Library/ Laboratory fee.

3. Insurance premium.

4. Caution deposit, Building fund/ refundable deposit supported by Institution bills/ receipts, subject to the condition that the amount does not exceed 10% of the total tuition fees for the entire course.

5. Travel expenses/ passage money for studies abroad / College Bus fare in case of study in India

6. Purchase of computers-essential for completion of the course.

7. Purchase of books/ equipments/ instruments/ uniforms.

8. Any other expenses required to complete the course-like study tours, project work, thesis, etc.


Amount of loan

Category A
Rs.25.00 Lacs Without Collateral Security

Category B
Rs. 10.00 Lacs Without Collateral Security

Other Institutions
Actual as per fee structure of Institution