Indian Overseas Bank Home Loan Interest Rates

Indian Overseas Bank Home Loan EMI Calculator : Calculate EMI & Eligibility details of Indian Overseas Bank at lowest Interest Rates online. Documents List, Process, Procedure, Processing Fees, Loan amount & per month lowest emi options, Status, Application, MCLR Rates, Base Rates at emicalculator-india.com.

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Disclaimer: We do not provide Home Loans but help you to connect with banks to get best deals.
All loans are on sole discretion on the respective banks

Indian Overseas Bank Home Loan Details

Interest Rates 8.20% – 8.45%
Processing Fees 0.50 % (maximum Rs. 25,000/-)
Quantum of Loan 75% to 90% of the cost of value
Maximum Repayment Period Up to 30 years
Pre payment charges NIL
Age Limit Up to 55 – Years
Lowest EMI per 1 Lakh Rs. 778/- onwards
Toll-Free Number 1800 425 4445
Bank Indian Overseas Bank

Indian Overseas Bank Home Loan Documents Required

  • An application form
  • Salary certificate as a proof of income (for employed individuals)
  • Proof of income (for professionals, business people etc.)
  • Agreement for sale of house/flat
  • Proof of membership (for co-operative societies etc.)
  • Proof for experience in the line of activity (for professionals, business people etc.)
  • Estimates for Construction/Valuation Report for Acquisition/Legal opinion on the Property from Bank approved Engineer/Lawyer

Example – if you take Rs. 10 lakh of the loan amount at 8.20% ROI then your EMI will be.

Loan Amount Tenure In Years Monthly EMI Total Amount Total Interest
10 lakh 5 ₹20,372 ₹12,22,335 ₹2,22,335
10 lakh 10 ₹12,239 ₹14,68,644 ₹4,68,644
10 lakh 15 ₹9,672 ₹17,41,021 ₹7,41,021
10 lakh 20 ₹8,489 ₹20,37,432 ₹10,37,432
10 lakh 25 ₹7,851 ₹23,55,335 ₹13,55,335
10 lakh 30 ₹7,478 ₹26,91,916 ₹16,91,916

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