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Oriental Bank Of Commerce Student Loan For Abroad Education

Oriental Bank of Commerce education loan

Every student needs a top-notch education in order to have a successful career and life. Unfortunately, such research comes at a cost that not everyone who deserves it can afford. This is where education loans come in. An Oriental Bank of Commerce education loan has become an option for students to provide education loans at competitive interest rates.  

OBC Bank, one of India’s leading public sector banks, has an extensive network of branches throughout the country. An OBC Bank education loan can be used to pursue higher education at prestigious colleges in India and abroad. OBC Bank study loans have flexible repayment options and a repayment period that begins after the student has completed the course.

An Oriental bank of commerce student loan assists students who wish to further their education in various disciplines at colleges throughout India and abroad. OBC Bank’s education loan schemes cover all costs associated with studying abroad, including college fees, hostel fees, books, equipment fees, travel money, and so on. We will walk you through all of the features, requirements, and benefits of an Oriental Bank of Commerce education loan in this blog.


Overview Of Oriental Bank Of Commerce Loan

Maximum Loan AmountFor elite institutions: Up to 20 lakhs INRUp to INR 10 lakhs for others
Loan Term15 Years
Rate of Interest7.30% to 9.30% p.a.
Moratorium PeriodRepayment begins after the course is completed.
Margin Money

Up to INR 4 Lakhs- Nil

For more than INR 4 Lakhs- 15% for studying abroad

and 5% for Indian college/university

EligibilityThe student must be an Indian national. Students must have been accepted into professional or technical courses in India or abroad.



Oriental Bank of Commerce education loan

List Of Documents Required For An Education Loan 

  • Proof of address: passport, voter ID, utility bill, etc.
  • Academic record: 10th/12th-grade mark sheet for undergraduate students and graduate degree and mark sheet for graduate students.
  • Family income proof: ITR, salary certificate, and pension certificate of parent/guardian
  • Collateral documents: Insurance company policy, valuation certificate, registry documents
  • An affidavit stating that the student and his/her parent have not obtained a study loan from any other bank
  • Certificate of Community
  • Age Proof
  • Fee details

What Type Of Security?

  • Students are not required to pledge any form of collateral or security if the loan amount is less than INR 4 Lakhs. It is sufficient if both parents are co-applicants.
  • A third-party co-applicant is required in addition to the parents for loans between INR 4 Lakhs and INR 7.5 Lakhs.
  • If the loan amount exceeds INR 7.5 Lakhs, the parents or guardians can be co-applicants, and collateral security of sufficient value is required to ensure loan repayment.

Benefits Of Oriental Bank Of Commerce Education Loan 

Some of the benefits of applying for an Oriental Bank of Commerce education loan are as follows.

  • Interest rates are low.
  • There are no hidden costs or administrative fees.
  • There is less paperwork and no processing fees.
  • There is no need for security for amounts up to 4 lakhs.
  • 0.50% discount for female students.



How To Apply For The OBC Education Loan?

You can apply for an Oriental Bank of Commerce education loan in the following ways:

  • Offline: Go to your local branch, request an application form, and submit it after filling it out and attaching the necessary documents.
  • Online: Visit the bank’s official website, choose your course, and then click the “Apply Now” button at the bottom of the page.

What Is The Interest Rate Of Oriental Bank Of Commerce? 

The Oriental Bank of Commerce education loan interest rate begins at 7.30% per annum. There are numerous education loan programmes available for various demographics. Women students are eligible for an interest rate reduction of up to 0.50%. For studies in India, there is no processing fee. There is a moratorium period during which simple interest is calculated, after which compound interest is calculated.

The Takeaway

Oriental Bank of Commerce, as one of the major education loan providers, understands the needs of students and offers extremely competitive education loans at lower interest rates. Every year, a large number of students use Oriental Bank of Commerce education loans to gain admission to top universities and colleges in India and abroad.  OBC Bank provides education loans for diplomas, undergraduate courses, and postgraduate courses in India and abroad that lead to professional and technical degrees.




1. What is the interest rate of the oriental bank of commerce for an education loan?

Students can obtain study loans with variable interest rates ranging from 7.30% to 9.30% per annum. The applicable interest rate is determined by the student’s profile as well as the college’s.

2. What is the maximum loan amount available through the OBC Bank education loan?

The bank can grant up to INR 10 lakhs for in-country studies and up to INR 20 lakhs for abroad studies.

3. What is the OBC Bank education loan margin money?

There is no margin money for Oriental Bank of Commerce education loans up to INR 4 lakhs. The margin money for loans of more than INR 4 Lakhs is up to 15% for overseas education and 5% for study in Indian colleges.

4. What is the repayment period for the OBC Bank education loan?

Repayment of an OBC Bank study loan can begin immediately or after the course is completed. Loan repayment terms of up to 15 years are possible.

5. How to apply for an Oriental bank of commerce education loan?

You can apply online or in person at an Oriental Bank of Commerce branch near you. You can also download the education loan application form from the official website of the Oriental Bank of Commerce, fill it out, and submit it to a bank representative.

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Oriental Bank of Commerce education loan

Oriental Bank Of Commerce Student Loan For Abroad Education

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