Who is eligible for applying for car loans from Oriental Bank of Commerce?
Under the Oriental Bank of Commerce Car Loan scheme, applicants need to have a minimum of Rs 10000 gross monthly salary. What are the documents necessary while applying for car loans from Oriental Bank of Commerce. The Oriental Bank of Commerce vehicle loan webpage does not mention the list of the documents required to produce while applying for the loan. However since the bank has stipulated income conditions from applicants, it can be assumed that the lender will require a document establishing proof of income like salary slip/certificate in case of salaried employees and Income Tax Returns or IT Assessment orders in case of self-employed individuals. Other documents that the bank may ask an applicant to produce are proof of identity like a copy of the Passport/ Voters ID Card/ Driver’s Licence etc and proof of address which can be a copy of the Ration Card/ Electricity Bill/ Landline Telephone Bill/ Passport/ Voter’s ID Card/ Driver’s Licence or any other document approved by the ba