Tag Archives: indian overseas bank home loan

Indian Overseas Bank (IOB) Home Loan, Interest Rate and EMI Calculator Jan 2019

(Updated on 11.01.2019) Indian Overseas Bank Home Loan Jan 2019 – Get Instant Quick & Easy Approval on Indian Overseas Bank Home Loan. Loansninsurances.com provide a simple tool to calculate your Home Loan EMI on the basis of✓Interest Rate✓Loan Tenure ✓Processing Fee✓Eligibility✓Best Offers & more.

Indian Overseas Bank Home Loan – Get Instant Quotes Online

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Indian Overseas Bank Home Loan

IOB Home Loan, which is also known as ‘Subh Gruho’, can be availed to purchase plot for construction of House, construction /renovation/ repair/alteration/addition to house/flat and also to buy a fully constructed home. Indian Overseas Bank Home Loan is offered to every class of people at its reasonable and affordable rates of interest, varied Home Loan EMI options and much more. Know your home loan eligibility and get the best deal with IOB Home Loan Eligibility Calculator.

Also avail IOB Star Personal Loan at the best profitable rates of interest and fund your financial crisis.

Indian Overseas Bank Home Loan Interest Rates

Loan Amount Interest Rate % p.a.(Floating)
upto Rs. 30 lakhs  8.70%
Above Rs. 30 lakhs & upto Rs. 75 lakhs  8.80%
Above Rs. 75 Lakhs 8.95%
Home Improvement 
Up to Rs. 2 Lakhs  8.90%
Above Rs. 2 Lakhs  9.05%
Home Decor – Furnishing your home 11.45%

Indian Overseas Bank Home Loan EMI Calculator

Indian Overseas Bank Home Loan EMI Calculator

Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Home loan emi within seconds.
Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

Indian Overseas bank Home Loan Eligibility

  • Individual not more than 55 years of age.

  • Loan for all individuals & member of Co-operative societies.

  • For salaried Individual: A permanent job with a minimum of 2 to 3 years of experience.

  • For self-employed: A minimum period of three years of activity in related field.

  • Security Needed.

Indian Overseas bank Home Loan Documents Required

1. An application form.
2. Salary certificate as a proof of income (for employed individuals).
3. Proof of income (for professionals, business people etc.).
4. Agreement for sale of house/flat.
5. Proof of membership (for co-operative societies etc.).
6. Proof for experience in the line of activity (for professionals, business people etc.).
7. Estimates for Construction/Valuation Report for Acquisition/Legal opinion on the Property from Bank approved Engineer/Lawyer.

Indian Overseas Bank Home Loan PrepaymentsPrepayment Charges- Nil.

Indian Overseas Bank Home Loan MCLR January 2019

Tenure MCLR
Overnight 8.15%
1 Month 8.30%
3 Months 8.50%
6 Months 8.60%
1 Year 8.80%
2 Years 8.90%
3 Years 9.00%

Latest News About Indian Overseas Bank

(26.07.17) IOB initiates turnaround plan – The Indian Overseas Bank is in process of preparing a turnaround plan, the Finance Ministry informed to the Rajya Sabha on Tuesday. The Finance Ministry said that along with IOB, Allahabad Bank, Bank of India, Central Bank of India, Andhra Bank, Union Bank of India, UCO Bank and Dena Bank have submitted the turnaround plan.(Sources: India Infoline)