Indian Overseas Bank Personal Loan Interest Rates
After reviewing the applicant’s credit history, monthly income, inflation, RBI rates and more, Indian Overseas Bank Personal Loan is sanctioned to the applicant. However, the interest rates applicable on the personal loan offered by Indian Overseas Bank ranges from 13.65-14.9% per annum.
Interest rates as per 2017 set by Indian Overseas Bank:
|
Particulars |
Salaried |
Self-employed |
|
Interest rate |
12.70% to 15.25% yearly |
12.70% to 15.25% yearly |
|
Loan Amount (Min-Max) |
Min: Rs.50000/- Max: Rs.15 lakhs |
Min: Rs.50000/- Max: Rs.15 lakhs |
|
Loan Tenure |
Min: 12 Months Max: 60 Months |
Min: 12 Months Max: 60 Months |
|
Lowest EMI |
Rs.2260/- per Rs.1 lakh (calculated as per maximum loan tenure and lowest interest rate) |
Rs.2260/- per Rs.1 lakh (calculated as per maximum loan tenure and lowest interest rate) |
|
Processing Fee |
Rs.204/- per Rs.1 lakh loan amount |
Rs.204/- per Rs.1 lakh loan amount |
|
Age |
Min: 21 years Max: 58 years |
Min: 21 years Max: 58 years |
|
Prepayment Charges |
NA |
NA |
|
Pre-Closure Charges |
2.23% |
2.23% |
Keep in mind the following factors before applying for the Indian Overseas Bank Personal Loan:
- The applicant, throughout his/her tenure, is required to pay the fixed amount of interest for the personal loan.
- According to the bank’s base lending rate, the floating interest rate attached to the personal loan will change.
- The applicant is required to provide collateral, security or a guarantor in order to avail the benefits of the personal loan from Indian Overseas Bank.
- The interest rates will automatically go up when there is a rise in the repo rate set by RBI.
- The personal loans offered by Indian Overseas Bank can be availed by self-employed individuals, businessman, government employees, employees of the private firm, undertaking employees of the public sector, LIC agents, professionals and individuals working with a reputed organization and institutions.
Personal Loan Interest Rates by Banks
- Allahabad Bank Personal Loan Interest Rates
- Andhra Bank Personal Loan Interest Rates
- Axis Bank Personal Loan Interest Rates
- Bank of Baroda Personal Loan Interest Rates
- Bank of India Personal Loan Interest Rates
- Bank of Maharashtra Personal Loan Interest Rates
- Canara Bank Personal Loan Interest Rates
- Catholic Syrian Bank Personal Loan Interest Rates
- Central Bank of India Personal Loan Interest Rates
- Citibank Personal Loan Interest Rates
- City Union Bank Personal Loan Interest Rates
- Corporation Bank Personal Loan Interest Rates
- Dena Bank Personal Loan Interest Rates
- Deutsche Bank Personal Loan Interest Rates
- Federal Bank Personal Loan Interest Rates
- Fullerton Personal Loan Interest Rates
- HDFC Bank Personal Loan Interest Rates
- ICICI Bank Personal Loan Interest Rates
- IDBI Bank Personal Loan Interest Rates
- Indian Overseas Bank Personal Loan Interest Rates
- IndusInd Bank Personal Loan Interest Rates
- Karnataka Bank Personal Loan Interest Rates
- Karur Vysya Bank Personal Loan Interest Rates
- Kotak Bank Personal Loan Interest Rates
- Lakshmi Vilas Bank Personal Loan Interest Rates
- Nainital Bank Personal Loan Interest Rates
- Oriental Bank of Commerce Personal Loan Interest Rates
- Punjab and Sind Bank Personal Loan Interest Rates
- Punjab National Bank Personal Loan Interest Rates
- RBL Bank Personal Loan Interest Rates
- South Indian Bank Personal Loan Interest Rates
- Standard Chartered Bank Personal Loan Interest Rates
- State Bank of Hyderabad Personal Loan Interest Rates
- State Bank of India Personal Loan Interest Rates
- State Bank of Mysore Personal Loan Interest Rates
- State Bank of Patiala Personal Loan Interest Rates
- State Bank of Travancore Personal Loan Interest Rates
- Syndicate Bank Personal Loan Interest Rates
- Tamilnad Mercantile Bank Personal Loan Interest Rates
- Tata Capital Personal Loan Interest Rates
- UCO Bank Personal Loan Interest Rates
- Union Bank Personal Loan Interest Rates
- United Bank of India Personal Loan Interest Rates
- Vijaya Bank Personal Loan Interest Rates
- YES Bank Personal Loan Interest Rates