The business loan interest rates offered by Indian Overseas bank shall depend on the applicant’s profile and business requirements.
| Interest Rate | Depends on business requirements |
| Loan Amount | No Minimum Limit to borrow and Maximum is up to Rs. 1 crore, can exceed as per business requirements |
| Repayment Tenure | From 12 months – 5 years |
| Collateral | No Collateral for loan amount up to Rs. 10 lakh |
| Processing Fee | From Nil – 4% of the loan amount |
| Foreclosure Charges | From Nil – 5% of the outstanding loan amount |
| Part-payment Charges | From Nil – 4% |
| Loan Cancellation Charges | Varies from bank to bank |
Related Post: Compare Business Loan Interest Rate with other banks
