Go Back   2019-2020-2021 StudyChaCha > StudyChaCha Discussion Forum > General Topics




  #1  
Old August 30th, 2012, 12:37 PM
Super Moderator
 
Join Date: Jun 2013
Default

I want to take Personal Loan from Indian Overseas Bank but I have no idea about the Loan Interest so please can you provide me the Interest rate of the loan and also provide me the page where I can get the loan rate of Indian Overseas Bank?

Indian Overseas Bank (IOB) is a public sector bank . This bank having more than 3300 branches in India. Bank offers personal loans to customers who have a steady source of income.

Interest rates on IOB personal loan:
Clean Loan Interest Rate :
15.25% (Floating)

Sahayika Loan Interest Rate :
14.00% (Floating)

Processing fee :
Rs.204 for every lakh in loan amount

Age limit
21 years to 58 years

Processing time
7 days

IOB Personal Loan Eligibility

For Clean Loan

Employees of PSUs, government or reputed private firms.

Shouldn’t be less than 50% of the gross pay.

Employees must have an active savings bank account with IOB.

Salaries should also be directed through the savings bank account of the loan issuing branch.

For Sahayika Loan

Self-employed individuals with at least 3 years of continued operations, or permanent employees of reputed companies .

Final take home shouldn’t be less than 40% of gross pay .

Last edited by Aakashd; May 29th, 2019 at 09:36 AM.
Reply With Quote Quick reply to this message
Other Discussions related to this topic
Thread
Indian Bank Rate Of Interest for Personal Loan
HDFC Bank Personal Loan Interest Rate
IDBI Bank Rate Of Interest for Personal Loan
Bank of Baroda personal loan interest
Corporation Bank Personal Loan Interest
IDBI Bank Personal Loan Interest Rate
Dena Bank Personal Loan Interest Rate
Indian Overseas Bank Home Loan Interest Rates
Canara Bank Interest Rates on Personal Loan
Syndicate Bank Personal Loan rate of interest
Indian Overseas Bank Interest Rate Personal Loan
Central Bank Of India Interest Rates For Personal Loan
Indian Overseas Bank Personal Loan Delhi
Indian Bank Personal Loan Interest
Union Bank Of India Interest Rates For Personal Loan
Indian Overseas Bank Car Loan Interest
Vijaya Bank Personal Loan Interest Rate
Dena Bank Personal Loan Interest
Central bank of India personal loan interest rate
Indian Bank Personal Loan Interest Rates






  #2  
Old August 30th, 2012, 01:31 PM
Super Moderator
 
Join Date: Dec 2011
Default Re: Indian Overseas Bank Personal Loan Interest

You want to take personal loan from Indian Overseas Bank. Now you are looking for the Personal Loan Interest rate.
I am describing here a chart for the complete Interest rate.

BASE RATE FROM 01.05.2012: 10.50%
LOANS (effective from 01.05.2012)
Loans
1.Housing Loan Upto Rs. 30 lakhs More than Rs.30 lakhs
Floating Category
Upto 5 years 10.75 11.00
More than 5 yrs & Upto 10 yrs 11.00 11.25
More than 10 yrs 11.25 11.50

2Personal Loan
Clean Loan to salaried employees 15.50

3. Vehicle Loan
Floating Rate of Interest
Pushpaka Loans
Up to 3 Years 12.75
>3 to 5 Years 13.25
Educational Loans Upto Rs. 4.00 lakhs Above Rs. 4.00 lakhs to Rs. 7.5 lakhs More than 7.5 lakhs

For studies Inland and Foreign 12.50 13.75 13.50
__________________
Answered By StudyChaCha Member
Reply With Quote Quick reply to this message
  #3  
Old August 5th, 2013, 01:10 AM
Free Dating sites
Guest
 
Default Re: Indian Overseas Bank Personal Loan Interest

Hey, I really like your site if I'm honest. Where did you receive it built?
Reply With Quote Quick reply to this message
  #4  
Old October 9th, 2015, 06:29 PM
Unregistered
Guest
 
Default Re: Indian Overseas Bank Personal Loan Interest

How much is the rate of interest on personal loan at Indian Overseas Bank (IOB) . Give detail about the eligibility for this loan ?
Reply With Quote Quick reply to this message
  #5  
Old October 11th, 2015, 01:05 PM
Unregistered
Guest
 
Default Re: Indian Overseas Bank Personal Loan Interest

Can you please give here detail about the Personal Loan offered by Indian Overseas Bank ? give interest detail for personal loan of IOB also ?
Reply With Quote Quick reply to this message
  #6  
Old October 11th, 2015, 01:06 PM
Super Moderator
 
Join Date: Dec 2012
Default Re: Indian Overseas Bank Personal Loan Interest

Indian Overseas Bank is a major bank based in Chennai (Madras), with 3350 domestic branches, 3 extension counters and six branches overseas.

Bank offers Personal loan to accomplish the need of money for personal expenses like marriage or hospital expenses .

IOB personal loans are available under two segments:

IOB Clean Loan:

This loan available for salaried professionals working

Maximum loaned amount : 15 lakhs.

IOB Sahayika Loan:

This loan available for self-employed people and can be used for social financial requirements .

Maximum amount that can be borrowed : 10 lakhs.

Interest rates on IOB personal loan:


Clean Loan Interest Rate
15.25% (Floating)

Sahayika Loan Interest Rate
14.00% (Floating)

Processing fee
Rs.204 for every lakh in loan amount

Loan Tenure
21 years to 58 years

Age limit
21 years to 58 years

Processing time
7 days
__________________
Answered By StudyChaCha Member
Reply With Quote Quick reply to this message
  #7  
Old October 17th, 2015, 11:23 AM
Unregistered
Guest
 
Default Re: Indian Overseas Bank Personal Loan Interest

Hello sir would you please give me some information about Personal Loan of Indian Overseas Bank? Bcoz I am thinking for taking Personal Loan so firstly I want to know about it…..
Reply With Quote Quick reply to this message
  #8  
Old October 17th, 2015, 11:23 AM
Super Moderator
 
Join Date: Dec 2012
Default Re: Indian Overseas Bank Personal Loan Interest

Indian Overseas Bank was founded in 10 February 1937, it has branches in Singapore, Hong Kong, Colombo, Seoul, and Bangkok and it is a major public sector bank based in Chennai (Madras), with about 3700 domestic branches, including 1150 branches in Tamil Nadu,

Personal Loan Scheme:

IOB personal loans are available under two segments:

IOB Clean Loan:

The Loan is available for salaried professionals working in reputed or other institutions in India.
The maximum loaned amount is Rs. 15 lakhs.

IOB Sahayika Loan:
The Loan is available for self-employed people and this loan can be used for social financial requirements such as marriages, medical treatments, or children’s education. The maximum amount that can be borrowed is Rs. 10 lakhs.

Age limit:
Minimum:
At least 21 years old

Maximum:

Less than 58 years old

Eligibility:
Employment type:
Salaried / Self – Employed with regular income

Personal Loan amount:

Minimum income required 50% of the gross pay

Maximum allowed personal loan is Rs. 15 lakhs

Documentation needed to apply for an IOB Personal Loan


1. Signed application form with photograph
2. Copy of passport/voter ID card/driving license
3. Processing fee cheque
4. Last 3 months bank statement/6 months bank passbook
5. Documentation for salaried applicants:
Latest salary slip
Current dated salary certificate with the latest Form 16
6. Documentation for self-employed applicants:

Latest Bank statement
Latest ITR or Form 16

IOB Personal Loan Interest Rates: As on 16 Oct 2015

Interest Rate (Floating) 14.90%
Processing Fees Rs. 204 per lakh
Loan Tenure 60 months
Guarantor Requirement Guarantor required
__________________
Answered By StudyChaCha Member
Reply With Quote Quick reply to this message
  #9  
Old October 18th, 2015, 03:45 PM
Unregistered
Guest
 
Default Re: Indian Overseas Bank Personal Loan Interest

In how many months repayment have to make by customer at Indian Overseas Bank against Personal Loan of IOB ?
Reply With Quote Quick reply to this message
  #10  
Old October 18th, 2015, 03:49 PM
Super Moderator
 
Join Date: Jun 2013
Default Re: Indian Overseas Bank Personal Loan Interest

Indian Overseas Bank established on 10th February 1937. Bank offers Personal Loan, Home Improvement Loan, Car Loan, Housing Loan, Agricultural Loans etc…

Personal Loan of Indian Overseas Bank offered or financing weddings, construction of houses, festive occasions etc…

IOB personal loans segments:

IOB Clean Loan
IOB Sahayika Loan

Repayment:
Maximum : 60 months .
(In case the loan is for 10 month salary) a

36 months
(In case the loan is for 5 months salary)

Detail about the IOB personal loan :
Eligibility :
Employees in :
Government,
Public Sector Undertakings,
Reputed private enterprises,
Reputed private Firms and companies etc.

Interest Rate (Floating)
14.90%

Processing Fees
Rs. 204 per lakh

Document required to issue personal loan :
Application form

Photograph

Last 3 months bank statement/6 months bank passbook

Copy of passport/voter ID card/driving license

Processing fee cheque

Salaried applicants:
Latest salary slip
Current dated salary certificate with the latest Form 16

Self-employed applicants:
Latest Bank statement
Latest ITR or Form 16



Here is the attachment.
Attached Files Available for Download
File Type: zip IOB personal loan detail.zip (14.6 KB, 16 views)
__________________
Answered By StudyChaCha Member
Reply With Quote Quick reply to this message
Reply


Reply to this Question / Ask Another Question
Your Username: Click here to log in

Message:
Options

Forum Jump


All times are GMT +6.5. The time now is 06:32 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2020, vBulletin Solutions, Inc.
Search Engine Friendly URLs by vBSEO 3.6.0 PL2

1 2 3 4 5 6 7 8 9