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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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 |