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

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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