| Interest rate | Floating Rates- 10.25% p.a. onwards Fixed Rates- 14.00% p.a. |
| Loan Amount | Up to Rs 30 lakh |
| Tenure | Up to 7 years |
| Processing Fees | Up to 0.75% |
| Minimum Gross Income | Rs 75,000 |
Rates as of 15th April 2026
Our Advisors are available 7 days a week, 9:30 am - 6:30 pm to assist you with the best offers or help resolve any queries.
Our Advisors are available 7 days a week, 9:30 am - 6:30 pm to assist you with the best offers or help resolve any queries.
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Get up to ₹40 Lakh in 5 Simple Steps
Step 1: Enter your mobile number in the application form
Step 2: Provide your personal details
Step 3: Enter OTP to verify your mobile number
Step 4: Select the loan purpose and loan amount
Step 5: Compare offers and apply for the best-suited loan
| Interest rate | Floating Rates- 10.25% p.a. onwards Fixed Rates- 14.00% p.a. |
| Loan Amount | Up to Rs 30 lakh |
| Tenure | Up to 7 years |
| Processing Fees | Up to 0.75% |
| Minimum Gross Income | Rs 75,000 |
Rates as of 15th April 2026
IOB Personal Loan Floating Interest Rates
Personal Loan Category A
| Credit Score | Interest Rates (p.a.) |
|---|---|
| 800 and above | 10.25% |
| 775 to 779 | 10.45% |
| 750 to 774 | 10.60% |
| 725 to 749 &; NTC | 11.55% |
| 700 to 724 | 12.15% |
| 680 to 699 | 13.00% |
Personal Loan Category B
| Credit Score | Interest Rates (p.a.) |
|---|---|
| 800 and above | 10.60% |
| 775 to 779 | 10.65% |
| 750 to 774 | 10.85% |
| 725 to 749 & NTC | 11.75% |
| 700 to 724 | 12.25% |
| 680 to 699 | 13.25% |
Personal Loan Category C
| Credit Score | Interest Rate (p.a.) |
|---|---|
| 800 and above | 11.10% |
| 775 to 779 | 11.20% |
| 750 to 774 | 11.35% |
| 725 to 749 & NTC | 12.25% |
| 700 to 724 | 12.75% |
| 680 to 699 | 13.65% |
IOB Personal Loan Fixed Interest Rates
| Scheme | Interest Rates (p.a.) |
|---|---|
| Personal Loan | 14.00% |
| Personal Loan Top-up | 14.00% |
| Loan Amount | Processing Charges |
| Up to Rs 5 lakh | 0.40% |
| Above Rs 5 lakh | 0.50% |
| Loan Amount | Processing Charges |
| Up to Rs 5 lakh | 0.50% |
| Above Rs 5 lakh | 0.75% |
Also check the processing fees for personal loans charged by other lenders
Purpose: Personal loan scheme offered to fulfil the socio-economic financial needs
Loan Amount: Up to Rs 15 lakh
Tenure: 1-7 years
Purpose: For any purpose, including financial or social commitments.
Loan Amount:
Tenure: Up to 7 years
Purpose: For any purpose, including financial or social commitments.
Loan Amount: Up to 25 times the salary or Rs 7.50 lakh, whichever is lower. The total loan amount under the Personal Loan Scheme, including the Top-up, should not exceed Rs 30 lakh per borrower.
Tenure: Up to 5 years. The repayment period should not exceed 3 months prior to superannuation or 60 years of age, whichever is earlier.
The following types of applicant are eligible for IOB Personal Loans:
Also check the personal loan eligibility criteria set by other personal loan lenders.
Toll Free Numbers:
Know more about Indian Overseas Bank Customer Care and Grievance redressal process in detail
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Step 1: Enter your mobile number in the application form
Step 2: Provide your personal details
Step 3: Enter OTP to verify your mobile number
Step 4: Select the loan purpose and loan amount
Step 5: Compare offers and apply for the best-suited loan
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Personal Loan applicants qualifying for IOB Royal are not required to furnish any security, margin or guarantor. Such applicants should have a minimum gross income of Rs 75,000. However, other applicants of unsecured personal loan are required to provide two, third party guarantors. The salary of each such guarantor should be at least equal to that of the borrower.
Indian Overseas Bank offers personal loans at floating and fixed interest rate.
Yes, Indian Overseas Bank offers an interest rate concession of 1% to personal loan applicants having credit score of 800 & above.
Indian Overseas Bank has not specified any cut-off credit score for personal loan applicants. However, personal loan applicants with credit score of 750 and above usually have higher chances of availing personal loans.
Lenders determine the loan amount eligibility of a personal loan applicant based on his repayment capacity. Indian Overseas Bank requires the EMIs of its personal loan applicants to remain within 50% of their gross pay.
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