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 |
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.