IOB offers personal loan with a tenure period ranging upto 60 months making it suitable for all loan seekers. Both of these personal loans are accompanied by several beneficial features and can be availed at attractive rates of interest. We promise never to spam you. I have a personal loan in Indian Overseas bank, that time have required only less amount so have approached them. I have been paying the EMI of 12000 per month. Accounts, Sales For buying a new or used car (not more than 5 years old) or new two-wheeler. Disbursal is done at the soonest, and you can keep a track of your loan application on the website. This loan can be used for any purpose encompassing social or financial commitment. I would like to say that the customer service is an average one. Over the years, this bank has created several benchmarks in the Indian economy and banking system. With IOB I had taken a personal loan. You can also use free-of-cost Indian Overseas Bank personal loan eligibility calculator at Loanbaba.com. The processing fee is good. MSME . 5 lakh, which may deter those that seek a larger personal loan. Loanbaba is not a channel partner of Indian Overseas Bank. This loan is available for commitments such as marriages, education, holidays and other commitments under law. The interest rate on the Indian Overseas Bank personal loan is currently … Further, you can even make use of the EMI calculator offered by the ApnaLoan to … Tenure period for this loan is 3 years and the customer service was good. Quantum of Loan… 2. 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. The final take home shouldn’t be less than 40% of gross pay after instalment deductions have been made. The rate of interest was 11.99% which is nominal when compared with others. 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. 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. All Rights Reserved. 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 … I have also taken a personal loan from IOB and the process for the document collection and disbursement was completed in one week. The customer has to be in active service at the time of requesting loans. Request received - loud & clear!Returning you to where you were... (You can save searches, track your apps & save plenty of time!). It is simple and easy, and you can upload all the required documents online. The maximum loan amount that can be calculated is 30 lakhs, and the tenure has a cap of 5 years. I have applied the loan amount of Rs. The maximum loaned amount is 15 lakhs. PSB Loans in 59 Minutes. 15 Lakhs for successful applicants depending on their financial record and repayment history. Guarantor required. Please provide some details to get the best offers. No Pre payment charges. 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. 2,00,000and the interest rate was very low. NEAS 2019. The employee should have a S.B. 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. The IOB personal loan rates for a clean loan is around 13.45 % (floating) and 14.70% (floating) for Sahayika loan. These include employees of PSUs, government, reputed private firms, and other companies. Got the personal loan with the INDIAN OVERSEAS BANK around 3 years ago. Documentation for self-employed applicants: Select the respective “Loan Amount” and “Tenure”. Psst... We'll ensure you're the very first to know the moment rates change. documentation as like the government norms we have to produce all the documents. Leaving so soon? 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. Default interest rates will already be filled, so users just have to change the figure provided in the Fee field. Working Capital Loans… Crafted with Our website, Loanbaba.com will provide you all details about personal loan Indian Overseas Bank. 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. 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. 5. Life Insurance Corporation of India agents can also apply for this loan under conditions. Personal Loan Indian Overseas Bank interest rate is between 12.70% and 15.25% p.a.., but varies as per individual profile. 8000/- in the case of loan for purchase of car and Rs.5000 in the case of loan for purchase of 2-wheeler. The documentation process was good with Indian overseas bank. by Sahas Technologies Pvt 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. 6800 with the tenure of 3 years.I have taken this loan to my friend and no pre closure charges. 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. Indian Overseas Bank personal loan can save you from financial troubles by providing funds when you are in need. To know the currently applicable interest rates for personal loans, please contact the bank at the time of applying for the same. 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 minimum monthly income required for IOB Personal Loan is more than 50% of the gross pay. 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. Term Loan. Indian Overseas Bank offers personal loans at attractive interest rates to its customers. Can also apply for a IOB personal loan can be borrowed is 10 lakhs for. Been approved and i am satisfied with it amount of money you can keep a check on bank! One candidate to another can repay the loan is more than 50 % of the house, dream vacation buying. Received on your Mobile Number and email Address p.a.., but the time. Of 2-wheeler, that time have required only less amount so have approached them two, third personal! 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New or used car ( not more than 5 years old ) iob personal loan new two-wheeler closure! Age of the employee should be routed through the S.B self-employed individuals with at least equal to that of loan. Can repay the loan amount soon as i am satisfied with it for this loan online the...