With an Indian Overseas Bank personal loan, you can choose between fixed rates of interest and floating interest rates. CreditMantri ™ is a registered trademark of CreditMantri Finserve Private Limited. There are no pre-payment charges levied towards the personal loan. Indian Overseas Bank offers personal loans of more than Rs. Avail the Best Indian Overseas Bank Personal Loan on Lowest Interest Rates. No Pre payment charges. Is a personal loan for home construction a good idea? How do I get a personal loan from HDFC bank? ... (Loan Against Rent Receivables) Mortgages- Easy Trade Finance ; NRI Home Loan ; 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. and confirmed in service. Let us help you take control of your credit goals and unlock the door to your financial freedom. Vehicle should be insured for the full value with the bank clause All Rights Reserved. LIC agents are also eligible to apply for the loan subject to conditions. Product name, logo, brands, and other trademarks featured or referred to within Credit Mantri are the property of their respective trademark holders. You can either apply online or visit the nearest Indian Overseas Bank loan centre for a personal loan. This instalment comprises both principal and interest components. Immovable property or Liquid securities like NSC, IVP, KVP, ULIP, UNITS etc. We will tell you about each of these schemes in detail so that you can make the right decision for yourself. We achieve this with a cutting edge combination of data science and technology that ensures that both lenders and borrowers have a transparent common platform to make their decisions. Indian Overseas Bank, is the only bank of Indian origin providing banking services in the Royal Kingdom of Thailand since 23rd December 1947. Which Is Better Loan Against Property or Personal Loan? Do I have the option of choosing a fixed or floating rate for the loan? Maximum Repayable is 60 equated monthly installments without holiday period. A lot of academic courses in India and overseas are covered under these schemes. IOB personal loan is offered at competitive rates of interest and they have been the reason for thousands of smiling faces. 75 lakhs. Repayment. It is the most preferred bank by all kinds of people for any financial service. For buying a new or used car (not more than 5 years old) or new two-wheeler Rate of Interest There is Rs. 5.00 lacs. Being one of the largest bank in India, Indian Overseas Bank offers a wide range of services in the personal loan segment. MSME . Letter from the employer, undertaking to recover the dues from the terminal benefits of the employee in case of death, retirement or resignation to be produced. return or assessment order but not exceeding Rs.10 lakh. Used Car: Flexi repayment shall be fixed with a maxiumum of 84 months, less age of the vehicle We support customers with every kind of credit profile - those who are new to credit and have a minimal or nonexistent record; those who have a problematic history; and those who already enjoy a healthy profile. 2. 50% on immovable property; 25% on securities such as NSC, KVP, IVP, ULIP etc. We'd love to help you through every step along the way. How much personal loan can I get on my salary? Download the application Download eStatement / Deposit / Loan Interest Details Service Type * Select Download Deposit TDS and Interest Details Download Education Loan Interest Certificate Download Housing Loan (SUBHA GRAHA) Interest Certificate Download SB/CDCC Statement (for any 6 months) Download Loan Statement Salary of the employee should be routed through the S.B. Indian Overseas Bank offers personal loans at the cheapest rates of interest, with no security or collateral. Click here for more details. We are a one-stop shop for all your credit needs. Used Car: Upto 75% of the market value of the car We make it easy for you to browse through and compare the various financial products on offer on the market; access our free and user-friendly online tools; and finally, enjoy a stress-free application process with quick approvals. Indian Overseas Bank offers 2 education loan schemes. Clean loans are a personal loan offered to employees in Government, Public Sector Undertakings, reputed private enterprises, firms, companies etc. Permanent Employment in a... 7. Indian Overseas Bank provides mainly five types of Gold Loans— Agricultural Jewel Loan, Agricultural Jewelry Term Loan, Jewel Loan SME, Jewel Loan for Others, and IOB Swarnalakshmi. 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. Known as consumption loan for meeting social financial commitments such as marriage in the family, education of children, medical treatment etc. Note: The mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the bank, NBFC and RBI. New Two-wheeler: 90% of the cost of the vehicle or 10 times the gross monthly income or Rs. Get free Netbanking, Open online Term Deposits and Recurring Deposits. CARDS. 10% on cost of the article. A Reputed Private Enterprise or With long tenure and part-prepayment, Indian Overseas Bank personal loans do not impose much burden on the customers. For professionals, self-employed and business persons, the maximum loan is restricted to total annual income of previous year, as declared in the I.T. Following are the interest rates offered by Indian Overseas Bank for its Personal loans IOB Clean Loan and IOB Sahayika Loan. The processing fees charged by the IOB bank are 1.01% to 1.10% of the total loan … How does Indian Overseas Bank Personal loan compare with those offered by other banks? https://www.paisabazaar.com/indian-overseas-bank/personal-loan However, the quantum of loan, rate of interest and the processing charges depends on the scheme one has opted for. If you are looking for credit, we will make sure you find it, and ensure that it is the best possible match for you. Can you get a personal loan if you have bad credit or no credit? We have introduced a facility for the customer to schedule his money transfer within IOB multiple times for a specified date every month Dear Customer, Internet Banking services are planned for scheduled technical maintenance on Saturday (23.01.2021) between 5AM and 5.30AM. can be fulfilled using the personal loans offered by Indian Overseas Bank. Repayment: In a maximum of 60 months in case the loan is for 10 month salary and 36 months in case the loan is for 5 months salary.. Indian Overseas Bank Personal Loan Interest Rates 2018 In confirmed service with a take home pay of more than 50% of the gross salary, after PF and Insurance deductions LOANS. 1. Bank of India 7.35% Punjab National Bank 8.30% Central Bank 8.80% UCO Bank 8.80% State Bank of India 9.20% Indian Overseas Bank 9.55 ... IOB Personal Loan Any person who owns a car will appreciate the importance of buying a car insurance. Personal financing the best, a personal loan or the loan amount, installment! Overseas banking and financial services such as the income, credit information report ( CIR ) and know where stand. Bank loan centre for a personal loan without a salary slip should be more than the calculator. Repayable in equated monthly installments without holiday period Balance account available Benefits Form... 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