Hey as Oriental Bank of Commerce is an India-based bank established in Lahore, is one of the public sector banks in India.

Motive of taking loan
To provide hassle free credit to meet working capital requirements / augment long-term margin /financing of fixed assets related to business activity or for expansion of business to Traders, Micro, Small and Medium Enterprises

Eligibility criteria
Proprietorship, Partnership firms, Private / Public Ltd. Cos., engaged in business activity Business in their line of business minimum for 1 year and having satisfactory dealings.

Business units established by close relatives (viz. spouse, parent, brother, sister, son, daughter) of existing customers with satisfactory dealings, even if these are established for less than 1 year.
Business Unit should comply with applicable statutory requirements, such as State/Central Sales Tax Registration Certificate, License under Shops & Commercial Establishment Act, Registration with Excise Department, trade license etc.

Loan Limit
Maximum loan upto Rs. 500.00 Lacs

Assessment of Loan Limit
50% of the realizable value of the property (overall maximum limit).
36 months of gross income in case of salaried persons.
4 times of average net annual income of last 2-3 years in case of persons other than salaried ones.

Period of Loan
Overdraft:
12 months subject to annual review.

Term Loan/Demand Loan:
Maximum upto 84 months including moratorium period of maximum 3 months (depending on repayment capacity - Repayable on EMI basis).