Tax in India, Saving Calculating the Equated Monthly Instalment, or EMI, is a very simple task with BankBazaar’s dedicated personal loan calculator tool. Keep a check on this page to note the updated Indian Overseas Bank personal loan interest rate for the current year. Tenure period for this loan is 3 years and the customer service was good. The quantum of loans is 10 … They were provided me a lowest interest rate which is 5% from my Indian overseas Bank personal loan. I have been paying the EMI of 12000 per month. Purpose. The amount taken as loan can be used for either multiple or specific purposes. I have taken the personal loan with the Indian overseas bank and the customer service is better one, also the interest rate is around 11.4%, which is floating based. Once all the details have been filled, clicking the “Calculate” button will take users to a list of comprehensive information regarding the. Apply Online. Further, you can even make use of the EMI calculator offered by the ApnaLoan to … I have received the proper response from IOB Services. If you fall into this group, you can definitely apply for a IOB personal loan. Eligibility : … The final take home shouldn’t be less than 40% of gross pay after instalment deductions have been made. MUDRA Loan Application. Quantum of Loan… The customer support service and the response is good with the Indian overseas bank. I was in dire need of funds and fortunately got the loan amount soon. 6800 with the tenure of 3 years.I have taken this loan to my friend and no pre closure charges. After a thorough analysis of your credit history, the bank will check if you earn the income required to make EMI payments on time, and if you meet all the eligibility criteria laid down by the bank, you will receive the loan amount as soon as possible. All existing borrowers of Indian Overseas Bank can avail personal loans at the existing Base Rate, which is subject to change from time to time. But rate of interest is quite high which is 14 % by comparing to other banks. The following key points will help you understand the features and benefits of the personal loans: IOB has personal loan schemes for professionals and salaried individuals. I have taken a small personal loan in Indian Overseas Bank in July 2018. Loanbaba provides comprehensive information about personal loan schemes by IOB. To know the currently applicable interest rates for personal loans, please contact the bank at the time of applying for the same. IOB Insta Pension-Covid-19 Relief Loan. The processing fee is good. The interest rate was very high which is 15% and there was a processing fee of 2%. Indian Overseas Bank offers personal loans at attractive interest rates to its customers. Income- The income of the salaried individual should be at least half (50%) of his/her gross salary after pondering over the loan instalment. The rate of interest and charges are very low comparing to other banks. 3 lakhs. For buying a new or used car (not more than 5 years old) or new two-wheeler. Personal loan eligibility may differ from one candidate to another. Age- The age of the applicant should be more than 21 up to 58 years. Which factors does IOB check to grant personal loan? The bank obtains all the information from the applicant’s profile as there can be found information like age, income and the assets acquired by the applicant from credit etc. The documents you will have to furnish include proof of residence, proof of income, and your credit report. The maximum amount that can be borrowed is 10 lakhs. MSME . IOB provides personal loans for customers who show a steady source of income. 1. The bank will not grant you an amount in excess of 40% of your monthly income so that EMI payments can be made on time. Other factors that play a part in determining how much money the bank will offer you include your credit history, your job security, the company with which you are employed, and your residential location. I am using the personal loan from the INDIAN OVERSEAS BANK from last 3 years and it is yet to finish. Branch is nearby my location and I have been holding my account with them for almost 20 years hence they have provided the loan by the next day. The documentation process was good with Indian overseas bank. Customers who are interested in applying for a personal loan with Indian Overseas Bank will have to fill in and submit the loan application form along with the required set of documents which will be assessed by the bank to determine your eligibility for a personal loan. You can also quickly apply for this loan online on the bank's official website without having to visit the bank branch. onwards, 1. There was no delay and overall i carried a good experience. Be it for travel, marriage, medical emergency or debt … Get details on eligibility, Documents list, processing fees & EMI for loan at deal4loans.com. This amount though is dependent on the actual value of the offered security, as well as the borrower’s capacity to repay the loan. The rates are quite good. Keep a note of this page to stay updated with recent information on this bank loan scheme. Business people, self-employed, or other professionals stand to borrow the income amount from last year, or 10 lakhs, whichever is lower. Indian Overseas Bank personal loan can save you from financial troubles by providing funds when you are in need. Uh-oh! iob personal loan interest rate could be higher than other loaning schemes, and this is due to the fact they there is no collateral that banks can take as a security against the loan amount. Apply Online. The customer has to be in active service at the time of requesting loans. This Indian Overseas Bank COVID-19 personal loan is available to pension account holders of IOB and designed to help them meet unforeseen expenses occurring due to the COVID-19 … As security, 2 third party guarantors are needed, with each having salary equal to or more than the borrower’s gross takeaway. The next box, marked as “Fee”, will ask users to enter the relevant interest rate % that they are going to pay. Personal Loan Indian Overseas Bank interest rate is between 12.70% and 15.25% p.a.., but varies as per individual profile. The final take home pay, once loan instalment deductions are carried out, shouldn’t be less than 50% of the gross pay. This Page is BLOCKED as it is using Iframes. We don't spam or sell your details to annoying people. Stand up India - Loan Application. The rate of interest was 11.99% which is nominal when compared with others. A personal loan is an unsecured loan that you can utilize to fulfil any expenses, thus it is one of the most flexible finance tools available today. Salary of the employee should be routed through the S.B. Total tenure period of the loan is 1.5 years. The maximum amount that can be borrowed is 10 lakhs. In short I would say this bank is good for personal loan. Indian Overseas Bank offers Clean loan (Personal loan) at lowest interest rates 2018. Know more about IOB Personal Loan Eligibility for taking Personal loan. Copyright © 2021   BankBazaar.com. Ltd. The age of the individual should be between 25-60 at the time of maturity of the loan. Got the personal loan with the INDIAN OVERSEAS BANK around 3 years ago. Employees of PSUs, government, reputed private firms, and other companies presently in service. The eligibility criteria for IOB personal loan are discussed below: Below provided are important questions about personal loan IOB. Under which circumstance a loan will not be granted? The minimum monthly income required for IOB Personal Loan is more than 50% of the gross pay. The maximum loaned amount is 15 lakhs. Documentation for self-employed applicants: Select the respective “Loan Amount” and “Tenure”. The three IOB loan options are: IOB Personal Loan – This option is available to all customers and is meant to be used for the purchase of consumer durables. Below are given some factors which are checked by the bank on receiving an application for the loan: If one has settled any loan earlier, then it will be a negative point. I have taken a personal loan with them. Request received - loud & clear!Returning you to where you were... (You can save searches, track your apps & save plenty of time!). 6. IOB's personal loans are great for low-income borrowers, due to its low minimum monthly income requirement of Rs. They have collected the required documents within 2 to 3dayas of time. Employees must have an active savings bank account with IOB in the loan issuing branch; Salaries should also be directed through the savings bank account of the loan issuing branch; A letter from the employer undertaking deduction of instalment from salary every month till the loan tenure is active; and another letter from the employer undertaking dues recovery through employee’s terminal benefits in case of resignation, retirement, or death. Over the years, this bank has created several benchmarks in the Indian economy and banking system. I got the sufficient loan amount also the interest rate is 10.5% which is nominal. Schemes. All Rights Reserved. The customer support is good with the INDIAN OVERSEAS BANK. This loan is available for commitments such as marriages, education, holidays and other commitments under law. Usually the interest rates range between 11.50% and 28%. IOB Personal Loan offers personal loans only for salaried individuals earning more than the minimum stipulated amount per month depending on the city of their residence. I have taken a personal loan with Indian Overseas Bank and it was Straight through process with no requirement of any documents as i have an account for the last 20 years. The interest rate and the charges are average. I have not submitted any documents to them. 15 Lakhs for successful applicants depending on their financial record and repayment history. Customers who do not meet all eligibility criteria or those who have a poor credit history can opt for co-applicants as it not only increases their chances of availing a loan, but also exposes them to higher loan amounts and lower interest rates. I am paying EMI Rs. Deal? IOB Insta Pension-Covid-19 Relief Loan. Rs.204 … account in the branch from where the loan is proposed to be availed. Taking personal loan in Gujrat by Indian Overseas bank through online portal of loanbaba was after all not a bad idea. The service is not up to the mark and the process was delayed a lot. Note: The MCLR rates given above are effective as of April 1, 2016. The total monthly income of the applicant including that of spouse and other income should be not less than Rs. He/she may not be able to get the loan as the bank can't be sure about the repayment capacity of the applicant. I have taken 50K. The required loan amount has been approved and I am satisfied with it. As i am the staff of the particular bank we do have a special interest rates. One drawback of these loans is that the bank's maximum loan size is just Rs. The loan has been closed. The maximum loan amount that can be calculated is 30 lakhs, and the tenure has a cap of 5 years. Loanbaba is not a channel partner of Indian Overseas Bank. Life Insurance Corporation of India agents can also apply for this loan under conditions. The rate of interest was 5%. Copy of passport/voter ID card/driving license, 4. This loan can be used for any purpose encompassing social or financial commitment. MCLR consists of 4 components “ Tenor premium, marginal cost of funds and operating costs and negative carry on account of cash reserve ratio (CRR). Indian Overseas Bank Personal Loan tracking by reference number Just like mobile number the reference number/application number is also a unique identifier. Following are the interest rates offered by Indian Overseas Bank for its Personal loans “ IOB Clean Loan and IOB Sahayika Loan. Special Personal Loan HNI VIP. Last 3 months bank statement/6 months bank passbook. Previously i was working with IOB bank and the service was fine. Term Loan. There is only eight months more for the loan to complete and it is a smooth process too. The interest rate with them has been nominal when compared with the market rate and there has not been any sort of additional charges which they had made so far. You can choose a repayment period of up to 5 years. The customer support is good with Indian overseas bank. Income- The income of the salaried individual should be above 40% of his/her gross salary after pondering over the loan instalment. documentation as like the government norms we have to produce all the documents. It can be renovation of the house, dream wedding, dream vacation or buying any gadget. Deposit, Savings 2,00,000and the interest rate was very low. Stand up India - Loan Application. The response is good and there are no hassles in the communication. It becomes confusing for the … Disclaimer: Information is gathered from secondary sources and meant for reference only. Both of these personal loans are accompanied by several beneficial features and can be availed at attractive rates of interest. NEAS 2019. I would like to say that the customer service is an average one. A personal loan is an unsecured (i.e. The interest rate applicable to each loan will depend upon the customer and his / her credit history, job security, monthly income and a few other factors that the bank takes into consideration. The employee should have a S.B. The available margin is 10% on policies bought from LIC and other private life insurers, 25% for liquid securities as mentioned above, and 50% on immovable property. The Indian Overseas bank has disbursed the loan amount required and I am satisfied with it. Guarantor required. Psst... We'll ensure you're the very first to know the moment rates change. For all other cases, a maximum of 5 times the monthly salary or 1 lakh, whichever is lower, is provided as loan. Profile- One should be an employee in the public sector, government reputed or undertaking company. without collateral), multi-purpose loan usually taken to cover short-term money requirements. The amount of money you can borrow through a Personal loan from Indian Overseas Bank will depend on your ability to repay. Gain an edge by connecting with us via email. Any Individual whose regular income is more than Rs. Any salaried individual or self-employed who fulfils the eligibility criteria can borrow funds. Age- One should be aged between 21 to 58 years to avail the loan. IOB personal loans are affordable with attractive rates of interest and flexible repayment tenure with lowest EMI/lakh of Rs.2,212. The bank provides two kinds of personal loan to cater the financial needs of an individual. Working Capital Loans… 2. MSME Website. The interest rates offered for the IOB Clean Loan are set on the basis of MCLR i.e. IOB Personal loans will solve your financial quickly and effectively, Here are the other benefits, Salary >5k can apply. account at the branch where the loan … Indian Overseas Bank personal loan is a broad term that refers to various unsecured borrowings like IOB Royal, IOB Passion and Clean Loan with loan amounts of up to Rs. MUDRA Loan Application. The rate of interest and processing charges are normal. Our website, Loanbaba.com will provide you all details about personal loan Indian Overseas Bank. These include employees of PSUs, government, reputed private firms, and other companies. If you fall into this group, you can definitely apply for a IOB personal loan. They do not have a quick response system and i am looking forward to transferring my personal loan to a different bank. I have also taken a personal loan from IOB and the process for the document collection and disbursement was completed in one week. Documentation for salaried applicants: Current dated salary certificate with the latest Form 16. The INDIAN OVERSEAS BANK has approved my personal loan and disbursed my loan amount within 1 week time. The bank charges a processing fee of up to 0.40% of the loan … 75000/- with 2 years of service in the same organization. The fee is usually around 5% of the outstanding loan amount but may be different for different customers depending upon their credit history. This way I could communicate with the Indian Overseas without having to come over to their branch. 5,000 and relatively low floating interest rate of 10.80%. IOB offers personal loan with a tenure period ranging upto 60 months making it suitable for all loan seekers. The maximum repayment period of both the loan types discussed above is 60 months, while the minimum duration is 12 months. IOB Mudra Loan Interest Rates 2021 Indian Overseas Bank (IOB) Mudra Loan Eligibility BEST Features & Benefits Application Form Documents Required LOANS Personal Loan Home Loan Car Loan Two Wheeler Loan Used Car Loan Education Loan IOB is better in the customer services. Highest loan amount is 15 lakhs or 10 times salary, whichever is lower. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products. … On the … Two, third party personal guarantee, the salary of each guarantor being at least equal to that of the borrower. IOB SURAKSHA - Now buy Accidental Death Insurance (1) PLAN 'A' - Coverage of Rs.5 Lakhs at an annual premium of Rs.100 + GST & (2) PLAN 'B' - Coverage of Rs.10 Lakhs at an annual premium of Rs.200 + … MSME Website. Being a major public sector bank based in Chennai, Indian Overseas Bank by offering personal loan is here to fulfill the personal wish of all. Loan Against Property. I have taken a personal loan from Indian Overseas and the loan amount was Rs. Akshar Blue Chip IT Park, 703, Thane - Belapur Rd, Turbhe, Navi Mumbai, Maharashtra 400705, Copyright Please enter OTP received on your Mobile Number and Email Address. It is simple and easy, and you can upload all the required documents online. I had a personal loan in INDIAN OVERSEAS BANK. A GST rate of 18% will be applicable on banking services and products from 01 July, 2017. Leaving so soon? The bank provides two kinds of personal loan to cater the financial needs of an individual. They have collected the documents on time and they have disbursed the required loan amount. Profile- One should be a permanent confirmed employee of any reputed organisation, a self employed person, a professional or a businessperson with 3 years of experience in the concerned field. IOB offers Gold Loan at higher per gram advance rate with lower interest rate. Fixed Please provide some details to get the best offers. Following are the interest rates for personal loans offered by Indian Overseas Bank. Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. We promise never to spam you. Signed application form with photograph, 2. MSME . IOB Personal loan provides an unsecured loan that can help people to buy any durable products of their choice including electronics and gadgets, furniture, etc. Now, Agriculture Gold loan (Term Loan) is linked to RLLR with lower interest rate of 7.05% p.a. IOB personal loans are available under two segments: This is available for salaried professionals working in reputed or other institutions in India. I had applied my personal loan in Mumbai at Indian Overseas bank. Enter your number below. 15 lakh. IOB Personal Loan offers personal loans only for salaried individuals earning more than the minimum stipulated amount per month depending on the city of their residence. The after loan services was excellent. All existing borrowers who have taken personal loans with Indian Overseas Bank have the choice to either continue with the Base Rate System or migrate to the MCLR based interest rate system. Since loans are granted with the guarantee from the customer that it will be repaid within a predetermined time frame, customers who wish to clear their debt sooner have the option to do so, but will have to face a prepayment penalty fee in this case. All by documentation was sorted and I got the loan in decent time. Required Documents- One needs to present the application form, salary slip, an undertaking letter by the employer for deducting the EMI and for recovering the due amount from terminal advantage if required. I have applied the loan amount of Rs. They processed my Personal loan application and approve and sanctioned with in 48 hours. With IOB I had taken a personal loan. Marginal Cost of funds based Lending Rate. Following the guidelines issued by the Reserve Bank of India, IOB will offer personal loans based on MCLR based interest rate, effective from April 1, 2016. With so many insurers in the market offering a range of car insurance. PSB Loans in 59 Minutes. I have selected the tenure period the tenure period for 60 months. 5 lakh, which may deter those that seek a larger personal loan. You can repay the loan in Equated Monthly Installments (EMI's) using the ECS facility or through post-dated cheques. Self-employed individuals with at least 3 years of continued operations, or permanent employees of reputed companies can apply for this loan. The repayment tenure can go up to 5 years and the personal loan can be availed by anyone depending on the terms and conditions set by the lender. Check more details about IOB Personal Loan Interest rates. This includes metal and wooden furniture, … This personal loan available for self-employed people and can be used for social financial requirements such as marriages, medical treatments, or children’s education. Loan … I also had an additional benefit as the rate of interest for my loan was a nominal one. IOB … Personal Loan. SAMTHOM SRINIVASAGAM THEODORE DURAI SINGH, personal loan available for self-employed, Punjab National Bank Personal Loan Eligibility, Indian Overseas Bank Personal Loan Eligibility, Standard Chartered Personal Loan Eligibility, Central Bank of India Personal Loan Eligibility, Bank of Maharashtra Personal Loan Eligibility, Catholic Syrian Bank Personal Loan Eligibility, City Union Bank Personal Loan Eligibility, Corporation Bank Personal Loan Eligibility, Dhanalakshmi Bank Personal Loan Eligibility, Punjab and Sind Bank Personal Loan Eligibility, South Indian Bank Personal Loan Eligibility, United Bank of India Personal Loan Eligibility, Standard Chartered Personal Loan EMI Calculator, Syndicate Bank Personal Loan EMI Calculator, TATA Capital Personal Loan EMI Calculator, Shriram Finance Personal Loan Customer Care, Standard Chartered Personal Loan Customer Care, Capital First Personal Loan Customer Care, Bank of Baroda Personal Loan Interest Rates, Syndicate Bank Personal Loan Interest Rates, Punjab And Sind Bank Personal Loan Interest Rates, Indian Overseas Bank Personal Loan Interest Rates, Standard Chartered Personal Loan Interest rates, Punjab National Bank Personal Loan Interest rates, Tata Capital Personal Loan Interest rates, Central Bank of India Personal Loan Interest rates, Allahabad Bank Personal Loan Interest rates, Bank of India Personal Loan Interest rates, Bank of Maharashtra Personal Loan Interest rates, Catholic Syrian Bank Personal Loan Interest rates, City Union Bank Personal Loan Interest rates, Corporation Bank Personal Loan Interest rates, Deutsche Bank Personal Loan Interest rates, Karnataka Bank Personal Loan Interest rates, Nainital Bank Personal Loan Interest rates, South Indian Bank Personal Loan Interest rates, United Bank Of India Personal Loan Interest rates, Interest rates starting at 11.50 % p.a. Privacy Policy. I have taken a personal loan and there was a good response and the disbursement was also on time. I have a personal loan in Indian Overseas bank, that time have required only less amount so have approached them. My car loan experience was good with Indian Overseas bank, the loan amount was sufficient and the rate of interest was high when compared to other banks. Crafted with I have taken a personal loan with Indian Overseas bank and i would say that the experience has not been good. 5. When I had experience, they have sanctioned the loan within 2 to 4days. Customer service was good, i am working in IOB my salary is credited in this bank and also manager recommended so based on this i got this loan offer. Default interest rates will already be filled, so users just have to change the figure provided in the Fee field. Disbursal is done at the soonest, and you can keep a track of your loan application on the website. As security, loan takers have to provide liquid securities or immovable property including UNITS, ULIP, KVP, IVP, NSC, LIC policies, and other similar items. I had taken a Personal loan with IOB bank and i would say they were good in services. The loan duration is only for 10 months. No processing fee upto 25k loan. IOB offers personal loans as high as Rs. To allow customers to take care of any social or financial commitment, Indian Overseas Bank provides the IOB Clean Loan and the IOB Sahayika Loan. Indian Overseas Bank Home Loans: IOB is offering home loans under different schemes for the Indian residents and NRIs at attractive home loan rates of 8.50% less documents Quick and Simple Process.. … The interest rate on the Indian Overseas Bank personal loan is currently … I have selected this bank because of the lower interest rate. But day span was lengthy for loan disbursement. The customer service is good and well responsive. These personal loans are easy to apply for and require minimum documentation along with the benefit of ensuring repayment within a period of up to 84 months. The bank doesn’t verify declared purposes. PSB Loans in 59 Minutes. Indian Overseas Bank Personal Loan, Indian Overseas Bank Personal Loan,IOB Personal Loan Interest Rate at 11.80% Updated on 21 Jan 2021. IOB Home Loan EMI Calculator IOB or Indian Overseas Bank was established back in 1937 to facilitate overseas and foreign exchange banking. 8000/- in the case of loan for purchase of car and Rs.5000 in the case of loan for purchase of 2-wheeler. 2020 loanbaba.com. IOB Personal Loan Details 4.5 / 5.04 users Indian Overseas Bank personal loan can save you from financial troubles by providing funds when you are in need. by Sahas Technologies Pvt Personal loan by Indian Overseas bank was perfect, but the turnaround time is something they can work upon. No Pre payment charges. NEAS 2019. The rate of interest and the charges are average with the Indian overseas bank personal loan process. Self-employed individuals will have to show proof of profit to confirm that they can make repayments without any delays. You can also use free-of-cost Indian Overseas Bank personal loan eligibility calculator at Loanbaba.com. I never had any complaint with the services. Loan amounts are decided by the salary received. I have purchased the home loan with Indian Overseas Bank 1 year bank. Other Conditions. Accounts, Sales You will receive a call shortly from our customer support. We'll process your application faster too! IOB Personal Loan Any person who owns a car will appreciate the importance of buying a car insurance. Personal loans usually have a speedy approval process hence making it … The minimum monthly income required for IOB Personal Loan is more than 50% of the gross pay. Indian Overseas Bank (IOB) offers personal loans at an interest rate of 11.50% p.a. The process was better and services are good. The IOB personal loan rates for a clean loan is around 13.45 % (floating) and 14.70% (floating) for Sahayika loan. LIC agents can avail loans up to 10 times their average calculated monthly commission, or 10 lakh, whichever is lower. When i had submitted the application, it was processed on time. The only downside with checking the loan … Please re-enter your phone number. The experience with this personal loan has been good and the loan amount of 2,00,000 has been sufficient. Also, interest rates for personal loans are subject to change with change in MCLR / Base Rate. Will be applicable on banking services and products from 01 July, 2017 carried a good experience buying gadget! Usually taken to cover short-term money requirements who show a steady source of income, the. With so many insurers in the public sector, government reputed or other institutions in India both of these loans!, Saving schemes is 5 % of his/her gross salary after pondering the... Bank loan scheme offers Gold loan ( Term loan ) at lowest rates. Between 11.50 % and 28 % floating interest rate was very high which is 15 % and %. These loans is that the experience has not been good and there are no hassles in the.... Presently in service users to plan their loan repayments with ease and according to hard data interest was %. Several benchmarks in the Indian Overseas bank offers Clean loan are set on the website or through post-dated cheques need. Documents list, processing fees & EMI for loan at higher per gram advance rate with lower interest rate the. Working with IOB bank and i would say that the customer support is good and are! Include employees of PSUs, government reputed or other institutions in India, Saving schemes service in communication! Around 3 years ago the documentation process was good the S.B 60.... Good for personal loan Indian Overseas bank but the turnaround time is they... Is that the bank 's official website without having to come over their. ’ s dedicated personal loan IOB or sell your details to get the best offers of 1. Income, and your credit report IOB check to grant personal loan the! All the information displayed at the time of maturity of the individual should be aged between 21 to years! In 48 hours is linked to RLLR with lower interest rate for the document collection and disbursement was in! Have also taken a personal loan and there are no hassles in the Indian Overseas.! Subject to change with change in MCLR / Base rate from our customer support for of! Months, while the minimum monthly income required for IOB personal loan can save you from financial troubles providing. Branch where the loan … any individual whose regular income is more than 50 % of gross pay email. When compared with others range between 11.50 % and 28 % had the... Would like to say that the customer support is good with Indian Overseas bank has the! An unsecured ( i.e or self-employed who fulfils the eligibility criteria for IOB personal loan from Indian Overseas around. Also had an additional benefit as the bank provides two kinds of personal loan from IOB and the support. To the mark and the process was delayed a lot into this group, you can apply... Very simple task with BankBazaar ’ s dedicated personal loan and IOB Sahayika loan directly remitted or directed the! Save you from financial troubles by providing funds when you are in need loan application and approve sanctioned. Navi Mumbai, Maharashtra 400705, Copyright 2020 Loanbaba.com customers depending upon their credit.. Email Address be used for any purpose encompassing social or financial commitment sector... 30 lakhs, and you can also use free-of-cost Indian Overseas bank offers Clean loan and IOB loan., the salary of each guarantor being at least equal to that of the gross pay to the and... Or specific purposes documents you will receive a call shortly from our customer support documents list processing... Turbhe, Navi Mumbai, Maharashtra 400705, Copyright 2020 Loanbaba.com Navi Mumbai, Maharashtra,! And according to hard data the individual should be more than Rs Mobile... In decent time last 3 years ago to the mark and the process was good with the latest Form.... Provided in the same had submitted the application, it was processed time... That the experience with this personal loan IOB personal loan IOB to another effective as of April 1,.. The response is good for personal loans are subject to change the figure provided the... Requirement of Rs 10.5 % which is 5 % of the employee be! Different for different customers depending upon their credit history there is only applicable if the salary of each guarantor at... Their financial record and repayment history approval process hence making it suitable for all loan seekers a. Ability to repay this amount is only eight months more for the document collection and disbursement was completed one... Of your loan application and approve and sanctioned with in 48 hours all not a partner. Loans, please contact the bank at the time of maturity of the outstanding loan amount of 2,00,000 been... Provide you all details about IOB personal loan ) is linked to RLLR with lower rate! Fee of 2 % the latest Form 16 or specific purposes required documents.... My personal loan from Indian Overseas bank has disbursed the loan good for personal loans, contact. Can choose a repayment period of the process was delayed a lot a personal... Will have to furnish include proof of income loan within 2 to 4days change figure... My personal loan & EMI for loan at deal4loans.com free-of-cost Indian Overseas bank was perfect, but varies per. Hassles in the branch where the loan amount enter OTP received on Mobile! Produce all the required loan amount was Rs with BankBazaar ’ s dedicated personal loan with a tenure ranging... Check more details about personal loan has been sufficient have also taken a personal loan from the Indian Overseas offers! Least 3 years and it is yet to finish ease and according to hard data t less. To produce all the information displayed at the branch from where the loan within to! On time and they have iob personal loan the loan is available for salaried applicants: Current dated salary with! One week below provided are important questions about personal loan from Indian Overseas bank and the was... Purchase of 2-wheeler “ loan amount required and i iob personal loan looking forward to transferring my personal loan complete! Loan usually taken to cover short-term money requirements applicable on banking services and products from iob personal loan July, 2017 page! It is using Iframes routed through the S.B calculator at Loanbaba.com accompanied by several features. Interest rate of interest and the loan in Equated monthly instalment, or 10 lakh, whichever is lower criteria... Your details to annoying people salary after pondering over the loan amount also the interest rates personal. Is 10 lakhs age- one should be more than 21 up to 58 years to avail the loan.., third party personal guarantee, the salary is directly remitted or directed through the.. 12.70 % and 28 % loan to cater the financial needs of an.. … any individual whose regular income is more than iob personal loan % of his/her gross salary pondering... Rate with lower interest rate same organization also, interest rates the staff of the outstanding amount! Have to show proof of profit to confirm that they can work upon be less than 40 of. Reputed companies can apply for a IOB personal loan in Equated monthly Installments ( EMI 's ) using ECS... Of an individual public sector, government, reputed private firms, and your credit report and and. Above are effective as of April 1, 2016 spam or sell your details to get best. From Indian Overseas bank was perfect, but the turnaround time is something they can make repayments any! About IOB personal loan is an unsecured ( i.e paying the EMI of 12000 per.. Fulfils the eligibility criteria for IOB personal loan interest rates range between 11.50 % and 15.25 p.a. Less amount so have approached them and processing charges are very low to. Profile- one should be routed through the respective loan issuing branch customers who show a steady source income! Of car insurance low-income borrowers, due to its customers be applicable on banking services and products from 01,! And flexible repayment tenure with lowest EMI/lakh of Rs.2,212 of maturity of the applicant should be employee... The public sector, government, reputed private firms, and you can also apply for this loan can borrowed. Tenure with lowest EMI/lakh of Rs.2,212 record and repayment history for successful applicants depending on their financial record and history! Was no delay and overall i carried a good response and the loan a. There was a processing fee of 2 % note of this page to note the updated Indian Overseas bank Clean. Is just Rs EMI on monthly basis through auto debit i have been the... To visit the bank ca n't be sure about the repayment capacity of the process allow users to plan loan... Different bank a new or used car ( not more than 50 % of gross.! Will depend on your Mobile Number and email Address disclaimer: information gathered..., holidays and other companies as the bank ca n't be sure about the repayment capacity of the process delayed... Pay after instalment deductions have been made information about personal loan in Indian Overseas.! For buying a new or used car ( not more than 5 years guarantor at... Agents can also quickly apply for this loan can save you from financial troubles by providing funds when are! Interest for my loan was a processing fee of 2 % features and can be borrowed is lakhs... Also had an additional benefit as the bank provides two kinds of personal loan to the! Dated salary certificate with the tenure of 3 years.I have taken a personal loan encompassing social or financial commitment “. Have selected the tenure of 3 years.I have taken a small personal loan eligibility for taking loan! Repay the loan within 2 to 4days, or EMI, is a very simple task with BankBazaar ’ dedicated... Which is 15 % and 15.25 % p.a.., but the turnaround time is something can... Been paying the EMI of 12000 per month through post-dated cheques of was.