According to the convenience of the customers, Indian Overseas Bank offers many types of home loan schemes.
The loan amount given under IOB home loan is given keeping in mind the applicant's CIBIL score, income, age, employment status etc.
IOB Home Loan Interest Rate starts from 7.05% per annum. The interest rate can be different for different types of home loan schemes.
You can avail this home loan with a maximum loan tenure of 30 years. The processing charge for this home loan is up to 0.50% of the loan amount
The applicant can get maximum loan amount depending on his income and his repayment capacity.
You can get a home loan up to 90% of the property cost.Margin ranges from 10% to 25% of the estimated cost.
The loan tenure of Indian Overseas Bank Home Loan is up to a maximum of 30 years.
If you fulfill all the conditions of this home loan, then you can apply for it both online and offline. Information about the process of applying is given below.