Indian Overseas Bank Personal Loan is provided by the bank keeping in mind the factors like applicant's age, income, CIBIL score, place of residence.
Indian Overseas Bank personal loan interest rate starts from 10.00% p.a. People with a maximum age of 60 years can take advantage of this loan.
Under Indian Overseas Bank Personal Loan, you can get 10 times the gross salary or 90% of the cost of the item but maximum loan amount up to Rs 5 lakh.
No prepayment fee is charged by the bank. There is a processing charge up to 3% of the loan amount.
The maximum loan tenure of IOB Personal Loan is 5 years i.e. 60 months.
The maximum loan tenure of IOB Personal Loan is 5 years i.e. 60 months.
– The processing charge for the loan is up to 3% of the loan amount.– Margin – 10% on the price of the item
If you fulfill all the conditions of this loan then you can apply for it online and offline. The information about the process of applying is given below