ORIENTAL BANK OF COMMERCE

SSI Charter

    INTEREST RATES

    Size of Loan Limit

    Rate of interest
    (Including cold storage units
    covered under SSI)

    Upto Rs. 50000

    PLR minus 2%, i.e. 9%

    Above Rs. 50000 and upto Rs. 2.00 lacs

    PLR minus 1.5%. i.e. 9.50%

    Above Rs. 2.00 lacs and upto Rs. 25.00 lacs

    PLR minus 1%, i.e. 10%

    Above Rs. 25 lacs upto Rs. 50.00 lacs

    PLR, i.e. 11%

    Above Rs. 50.00 lacs upto Rs.100.00 lacs

    PLR + 1%, i.e. 12%

    Above Rs. 100.00 lacs

    PLR minus 2%, i.e. 13%


    COLLATERAL SECURITY
    • Advances upto Rs. 5.00 lacs without collateral security
    • Advances over Rs. 5 lacs and upto Rs. 25 lacs, based on good track record and financial position, no collateral insisted upon
    • Advances upto Rs. 25 lacs guaranteed under Credit Guaranteed Fund Trust for Small Industries Scheme (for manufacturing SSI, Service Industries & IT units) without collateral security.

    OTHER OPTIONS

    • Loan limit liberally sanctioned at 20% of projected annual turnover
    • Comfortable margin options available
    • Composite loan limit raised to Rs. 50 lacs
    • Simplified loan application forms for convenience of borrowers
    • Loan Applications complete in all respects duly receipted & acknowledged
    • Incentives under TUF Scheme are available
    • Speedy Processing within specified time norms

      Upto Rs. 2 lacs

      2 weeks

      Upto Rs. 2 lacs upto Rs. 5 lacs

      Within 4 weeks

      Over Rs. 5 lacs

      Within 6 weeks