Indian Overseas Bank Personal Loan Interest Rates

Get Instant Quotes Online on ✔ Latest Interest Rates ✔ Documents ✔ Monthly EMI ✔ Loan Amount ✔ Processing Fees ✔ Pre-Payment charges ✔ Customer Care number.

IOB Personal Loan is helpful, for any purpose including any social / financial commitment, To purchase of Consumer durables, included all electrical and electronics, wooden and metal furniture etc.

About Indian Overseas Bank : How it began IOB was founded on February 10th 1937. IOB expanded its domestic activities and enlarged its international banking operations.

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Indian Overseas Bank Personal Loan Details

IOB Personal Loan Interest Rate, eligibility and more
Interest Rates 11.75%
Eligible Borrowers All individuals with regular income is more than Rs.5000/-
Age Limit 60 Years
Loan Amount Rs.5.00 lacs.
Repayment Up to 60 months
Pre payment charges NIL
Customer Care 1800 425 4445 (24 x 7)
IOB – Clean Loan
Interest Rates 13.40%
Eligible Borrowers Employees in Government, Public Sector Undertakings, reputed private enterprises, firms, companies etc. and confirmed in service.
Loan Amount Rs.15.00 lac
Repayment U p to 60 months
IOB Special Personal Loan to HNI/VIP
Purpose To finance for the purchase of Household goods etc.
Interest Rates 11.65% (0.50% Int Concession for Women Borrowers)(1% Int Concession if 100% Collateral Security is given)
Loan Amount Up to Rs.25.00 lacs.
Eligible Borrowers Any Individual whose regular income is more than Rs.75000/- with 2 years of service in the same organization
Age Limit 25-60 Years
Repayment Max. Repayment is 12-72 EMIs
Pre payment charges NIL
  • Loan upto Rs.15.00 lacs : Hypothecation of purchase of articles purchased out of loan
  • Loans above Rs.15.00 lacs : Third party guarantee / Collateral Security along with Hypothecation of article which is purchased out of loan.

Indian Overseas Bank Personal Loan Documents


  • Application form
  • Salary certificate of applicant and guarantor with deduction particulars
  • Undertaking letter from employer to deduct monthly installment and recover the dues from terminal benefit in case of necessity.

EMI Calculator for IOB Personal Loan

Pre calculated emis for for personal loan at different various loan amount. An equated monthly installment (EMI) is a fixed payment amount are used to pay off both interest and principal each month over a specified number of months.

Loan Amount Tenure In Years Interest Rate Monthly EMI Total Amount Total Interest
100000 3 11.75% ₹3,309.50 ₹1,19,142.11 ₹19,142.11
150000 3 11.75% ₹4,964.25 ₹1,78,713.17 ₹28,713.17
200000 3 11.75% ₹6,619.01 ₹2,38,284.23 ₹38,284.23
250000 3 11.75% ₹8,273.76 ₹2,97,855.28 ₹47,855.28
300000 3 11.75% ₹9,928.51 ₹3,57,426.34 ₹57,426.34
350000 3 11.75% ₹11,583.26 ₹4,16,997.40 ₹66,997.40
400000 3 11.75% ₹13,238.01 ₹4,76,568.45 ₹76,568.45
450000 3 11.75% ₹14,892.76 ₹5,36,139.51 ₹86,139.51
500000 3 11.75% ₹16,547.52 ₹5,95,710.57 ₹95,710.57