IOB Personal Loan

Home Personal Loan Indian Overseas Bank
loading Apply for Personal Loan Starting From 10.50%*
loading

Get Indian Overseas Personal Loan at lowest Rates!

  • Loan Amount: Upto Rs. 15 lakh
  • Processing Fees: Upto 0.50%

Apply for Personal Loan Starting From 10.50%*

Digits Only
Error: Please enter valid amount.
Note: The amount of loan you desire to borrow
Digits Only
Error: Please enter valid amount.
Note: Income is required to check the suitable personal loan for you
Error: Please enter valid amount.
Note: Your company's annual sales/turnoveryou.
Error: Please select mode of salary received
Error: Please select your residence type
Digits Only
Error: Please enter valid amount.
Error: Please select profession years
+91
Error: Please enter a valid number.
Note: We may verify this number later using OTP
Error: Please select current city
Error: Please choose your employer
Error: Please select valid bank.
Note: Your company's annual sales/turnover.
Error: Please enter a valid name.
Error: Please enter a valid email address.
Error: Please enter a valid PAN number.
Error: Please enter a valid date of birth.
Error: Please enter a valid Pin Code.

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :27/02/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

CIBIL TERMS AND
CONDITIONS

To,
TransUnion CIBIL Limited
[Formerly known as Credit Information Bureau (India) Limited]
One Indiabulls building ,Unit No 1901 – 1905,
19th Floor, Tower 2A-2B, Jupiter Mill compound,
Senapati Bapat Marg, Lower Parel, Mumbai 400 013

Sub: Grant of Consent

Dear Sirs,

In connection with submission of the application for my credit information offered by CIBIL (“Consumer Credit Information”) through Paisabazaar (referred to as the “Company”) and delivery of the Consumer Credit Information to the Company, I hereby acknowledge and agree to the following:

A. The Company is my lawfully appointed agent and he / it has agreed to be my agent for the purposes, including, without limitation, to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, and the Company has granted its consent for being appointed for the aforesaid purpose.

B. I grant my unconditional consent to the Company to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, as the case may be, and the Company has granted its consent for being appointed for the aforesaid purpose. I hereby represent and acknowledge that: the Terms of Understanding in relation to the use of the Consumer Credit Information has been agreed between me and the Company.

C. I hereby expressly grant unconditional consent to, and direct, TUCL to deliver and / or transfer my Consumer Credit Information to the Company on my behalf.

D. I shall not hold TUCL responsible or liable for any loss, claim, liability, or damage of any kind resulting from, arising out of, or in any way related to: (a) delivery of my Consumer Credit Information to the Company ; (b) any use, modification or disclosure by the Company of the contents, in whole or in part, of my Consumer Credit Information , whether authorized or not; (c) any breach of confidentiality or privacy in relation to delivery of my Consumer Credit Information to the Company ; (d) for any use made by the Company which is contrary to the Agreement entered into between the Company and TUCL

E. I acknowledge and accept that: (a) TUCL has not made any promises or representations to me in order to induce me to provide my Consumer Credit Information or seek any consent or authorization in this regard; and (b) the implementation of the Agreement between TUCL and the Company is solely the responsibility of the Company.

F. I agree that I may be required to record my consent / provide instructions electronically and in all such cases I understand that by clicking on the "I Accept" button below, I am providing "written instructions" to Paisabazaar authorizing Paisabazaar to obtain my Consumer Credit Information from my personal credit profile from TransUnion CIBIL LIMITED, [formerly known as Credit Information Bureau (India) Limited]]. I further authorize Paisabazaar to obtain such information solely to confirm my identity and display my Consumer Credit Information to me. Further in all such cases “By checking this box and clicking on the ‘Authorize button, I agree to the terms and conditions, acknowledge receipt of TUCL privacy policy and agree to its terms, and confirm my authorization for Paisabazaar to obtain my Consumer Credit Information.

G. I understand that in order to deliver the product to me, I hereby authorize Paisabazaar, to obtain my Consumer Credit Information from TUCL.

H. By submitting this registration form, I understand that I am providing an express adhoc one-time written instructions for Paisabazaar to request and receive information about me from third parties, including but not limited to a copy of my consumer credit report and score from consumer reporting agencies, at any time for so long as I have an active Paisabazaar account. I further authorize Paisabazaar to retain a copy of my information for use in accordance with the terms of use of this service, Paisabazaar’s Terms of Use and Privacy Policy.

I. I UNDERSTAND THAT THE PRODUCT IS PROVIDED ON AN “AS-IS”, “AS AVAILABLE” BASIS AND TUCL EXPRESSLY DISCLAIMS ALL WARRANTIES, INCLUDING THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.

J. I shall not sue or otherwise make or present any demand or claim, and I irrevocably, unconditionally and entirely release, waive and forever discharge TUCL , its officers, directors, employees, agents, licensees, affiliates, successors and assigns, jointly and individually (hereinafter “Releasee”), from any and all manner of liabilities, claims, demands, losses, claims, suits, costs and expenses (including court costs and reasonable attorney fees) (“Losses”), whatsoever, in law or equity, whether known or unknown, which I ever had, now have, or in the future may have against the Releasee with respect to the submission of my Consumer Credit Information and / or my decision to provide TUCL L with the authority to deliver my Consumer Credit Information to the Company . I agree to defend, indemnify, and hold harmless the Releasee from and against any and all Losses resulting from claims made against TUCL L by third parties arising from and in connection with this letter.

K. I agree that the terms of this confirmation letter shall be governed by the laws of India and shall be subject to the exclusive jurisdiction of the courts located in Mumbai in regard to any dispute arising hereof. TUCL is entitled to assign its rights hereunder to any third person without taking my prior written consent.

Yours faithfully,
Name :

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :27/02/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

EQUIFAX TERMS AND
CONDITIONS

I Mr./Ms. -------------------- ---------------------residing at ------------------------ ---------------------------------------- do hereby authorise Paisabazaar Team ,to do all acts on my behalf as may be necessary including to execute/sign application(s), make payment of applicable fees* and generally to all other acts as may be necessary to receive, on my behalf and at my request, my Credit Information Report (CIR) from Equifax Credit Information Services Private Limited("Equifax") at the following address/email id:

I hereby confirm that all the powers hereby conferred may be exercised by officer(s) or manager(s) / agent(s) / employees of the Paisabazaar who is duly authorized by the Paisabazaar.

I hereby confirm, agree, undertake and accept that I shall at all times be solely responsible for all the above actions and omissions of the Paisabazaar shall be binding on me as though such actions had been carried out by me directly. I further confirm that my CIR shall be used only for the purpose as mentioned in the attached standard terms and conditions and I shall be solely liable for, and indemnify and hold harmless Equifax for and against, any and all third party claims or damages or proceedings of any kind, arising from or in connection with (a) any misrepresentations, incorrect information or omission of any critical information in my application, or (b) furnishing my CIR based on this authorization letter, and shall not at any time hold Equifax or its affiliates and their respective officers, directors, employees or representatives liable in this respect.

I hereby also confirm that I have only appointed Paisabazaar to be my authorized agent/representative for collection of my CIR.

I undertake to keep Equifax intimated and informed at all times, of any renewals or termination of the authorization to Paisabazaar or any amendments, modifications or changes in the terms governing the obligations or my relationship with Paisabazaar.

I shall at all times co-operate with Equifax and execute and deliver to Equifax such instruments and documents and take such other actions as may be required by Equifax from time to time in connection with this authority letter.

By signing on this authorization letter, I hereby acknowledge and accept the Standard Terms and Conditions mentioned above.

Date : 27/02/2020

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :27/02/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

EXPERIAN TERMS AND
CONDITIONS

YOU HEREBY APPOINT PAISABAZAAR AS YOUR AUTHORISED REPRESENTATIVE TO RECEIVE YOUR CREDIT INFORMATION FROM EXPERIAN.

YOU HEREBY IRREVOCABLY AND UNCONDITIONALLY CONSENT TO SUCH CREDIT INFORMATION BEING PROVIDED BY EXPERIAN TO YOU AND PAISABAZAAR AND YOU HEREBY AGREE, ACKNOWLEDGE AND ACCEPT THE TERMS AND CONDITIONS SET FORTH HEREIN. YOU HEREBY ALSO AGREE AND ACKNOWLEDGE THAT FOR PAISABAZAAR TO SERVICE YOU AS A CUSTOMER, THE CREDIT INFORMATION SHALL BE SHARED BY EXPERIAN WITH YOU AND PAISABAZAAR ON A MONTHLY BASIS. YOU FURTHER ALSO AGREE AND CONSENT TO RECEIVE SUCH CREDIT INFORMATION DIRECTLY FROM EXPERIAN AND ALSO THROUGH YOUR PAISABAZAAR ACCOUNT AS PER YOUR INDEPENDENT REGISTRATION WITH PAISABAZAAR.

Please read the Terms and Conditions of this document carefully before accepting. By clicking on the "I ACCEPT" button below, you are expressly agreeing to access the Experian Credit Information Report and Credit Score (as defined in the Important Information Section below) (together referred as "Credit Information") and share a copy of the Credit Information with Paisabazaar in the "as is" format. Please click on the link below to read and understand the Important Information section below.

** This document is an electronic record in terms of the Information Technology Act, 2000 and Rules made there under, and the amended provisions pertaining to electronic records.

Information Collection, Use, Confidentiality, No-Disclosure and Data Purging

PAISABAZAAR/ We/ Us can only access your Credit Information as your authorized representative and we shall use the Credit Information for limited end use purpose consisting of and in relation to the services proposed to be availed by you from us on the Website. We shall not aggregate, retain, store, copy, reproduce, republish, upload, post, transmit, sell or rent the Credit Information to any other person and the same cannot be copied or reproduced other than as agreed herein.

We shall protect and keep confidential the Credit information both online and offline and use best in class security measures in line with applicable laws. The Credit Information shared by You, or received on your behalf shall be destroyed, purged, erased promptly upon the earlier of: (i) your written request to terminate this relationship with Paisabazaar (ii) the completion of provision of the Services by us to you.

Governing Law and Jurisdiction The relationship between you and the Parties shall be governed by laws of India and all claims or disputes arising there from shall be subject to the exclusive jurisdiction of the courts of [Mumbai].

Definitions: Capitalised terms used herein but not defined above shall have the following meanings:
"Credit Information Report" means the credit information / scores / aggregates / variables or reports which shall be generated by Experian;
"Credit Score" means the score which shall be mentioned on the Credit Information Report which shall be computed by Experian.
"CICRA" shall mean the Credit Information Companies (Regulation) Act, 2005 read with the Credit Information Companies Rules, 2006 and the Credit Information Companies Regulations, 2006, and shall include any other rules and regulations prescribed thereunder.
PLEASE READ THE ABOVE MENTIONED IMPORTANT INFORMATION AND CLICK ON "ACCEPT" FOLLOWED BY THE LINK BELOW TO COMPLETE THE AUTHORISATION PROCESS FOR SHARING OF YOUR CREDIT INFORMATION BY EXPERIAN WITH YOU AND PAISABAZAAR, IN ITS CAPACITY AS YOUR AUTHORISED REPRESENTATIVE.
BY CLICKING "ACCEPT" YOU AGREE AND ACCEPT THE DISCLAIMERS AND TERMS AND CONDITIONS SET OUT HEREIN. THE TERMS AND CONDITIONS MENTIONED HEREIN MAY CHANGE IN ORDER TO COMPLY WITH GOVERNING LAWS OF THE COUNTRY AND THE CONSUMER SHALL BE BOUND TO ANY CHANGES TO THIS AGREEMENT

Name :
Date : 27/02/2020

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :27/02/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

CRIF HIGH MARK TERMS
AND CONDITIONS

This End User Agreement (the "Agreement") is made between you (the "User" or "You") and Paisabazaar Marketing and Consulting Pvt Ltd ("PaisaBazaar"), a private limited company having its registered office at Plot No 119, Sector-44, Gurgaon-122001, Haryana ("PAISABAZAAR", "Us" or "We", which term shall include its successors and permitted assigns). The User and PAISABAZAAR shall be collectively referred to as the "Parties" and individually as a "Party".

YOU HEREBY APPOINT PAISABAZAAR AS YOUR AUTHORISED REPRESENTATIVE TO RECEIVE YOUR CREDIT INFORMATION FROM CRIF HIGH MARK. BY EXECUTING THIS AGREEMENT / CONSENT FORM, YOU ARE EXPRESSLY AGREEING TO ACCESS THE CRIF HIGH MARK CREDIT INFORMATION REPORT AND CREDIT SCORE, AGGREGATE SCORES, INFERENCES, REFERENCES AND DETAILS (AS DEFINED BELOW)(TOGETHER REFERRED AS "CREDIT INFORMATION"). YOU HEREBY ALSO IRREVOCABLY AND UNCONDITIONALLY CONSENT TO SUCH CREDIT INFORMATION BEING PROVIDED BY CRIF HIGH MARK TO YOU AND PAISABAZAAR BY USING CRIF HIGH MARK TOOLS, ALGORITHMS AND DEVICES AND YOU HEREBY AGREE, ACKNOWLEDGE AND ACCEPT THE TERMS AND CONDITIONS SET FORTH HEREIN. YOU ALSO ACKNOWLEDGE THAT YOU SHALL NOT RAISE ANY CLAIM OR HOLD LIABLE CRIF HIGH MARK CREDIT INFORMATION SERVICES PRIVATE LIMITED IN RELATION TO YOUR CREDIT INFORMATION REPORT AND CREDIT SCORE PROVIDED OR TO BE PROVIDED BY CRIF HIGH MARK TO PAISABAZAAR.

Terms and Conditions: Information Collection, Use, Confidentiality, No-Disclosure and Data Purging PAISABAZAAR shall access your Credit Information as your authorized representative and PAISABAZAAR shall use the Credit Information for limited end use purpose consisting of and in relation to the services proposed to be availed by you from PAISABAZAAR. PAISABAZAAR shall not aggregate, retain, store, copy, reproduce, republish, upload, post, transmit, sell or rent the Credit Information to any other person and the same cannot be copied or reproduced other than as agreed herein.

The Parties agree to protect and keep confidential the Credit Information both online and offline. The Credit Information shared by you, or received on by us on your behalf shall be destroyed, purged, erased promptly upon request from the consumer or the consumer withdrawing the consent to retain such credit information / reports by deleting/deactivating the consumers account with Paisabazaar.

Governing Law and Jurisdiction Definitions: Capitalised terms used herein but not defined above shall have the following meanings:
" Business Day" means a day (other than a public holiday) on which banks are open for general business in Gurgaon and Mumbai.
" Credit Information Report" means the credit information / scores/ aggregates / variables / inferences or reports which shall be generated by CRIF High Mark;
" Credit Score" means the score which shall be mentioned on the Credit Information Report which shall be computed by CRIF High Mark.
" CICRA" shall mean the Credit Information Companies (Regulation) Act, 2005 read with the Credit Information Companies Rules, 2006 and the Credit Information Companies Regulations, 2006, and shall include any other rules and regulations prescribed thereunder.
IN CASE THERE IS ANY DISCREPANCY OR INABILITY IN COMPLETION OF ONLINE AUTHENTICATION, PLEASE SUBMIT YOUR SELF ATTESTED KYC DOCUMENTATION IN SCANNED COPIES FOR SHARING OF YOUR CREDIT INFORMATION BY CRIF HIGH MARK WITH YOU AND PAISABAZAAR (YOUR AUTHORISED REPRESENTATIVE).
ONLINE SUBMISSION - DOES NOT REQUIRE SIGNATURE AND EXECUTION"

Name :
Date :27/02/2020

More

By submitting this form, I agree to Term of Use

*Offers are from Paisabazaar's partner Banks & NBFCs.

OTP Verification

Verify your mobile

Please enter the OTP we sent via SMS

Didn’t receive your OTP? Send it again
Your OTP resend limit exceeded. Please try again later.
हिंदी में पढ़े
Updated: 13-11-2019 09:48:53 AM

Indian Overseas Bank Personal Loan is personally customized for all the businessmen, salaried individuals (both govt. and private) and self- employed professionals. The personal loan by Indian Overseas Bank is easy to avail loan and involves  time saving process.

Indian Overseas Bank Personal Loan - Features and Benefits
Indian Overseas Bank Personal Loan
Indian Overseas Bank Clean Loan
Indian Overseas Bank Consumption Loan – Sahayika
Indian Overseas Bank Royal Loan
Indian Overseas Bank Passion Loan
Indian Overseas Bank Personal Loan - EMI Calculator
Compare Indian Overseas Bank Personal Loan VS Other Lenders
How to Apply for Indian Overseas Bank Personal Loan at Paisabazaar?
Indian Overseas Bank - Customer Care
Indian Overseas Bank Personal Loan - Features and Benefits
  • Different schemes: Different loan schemes are offered under the personal loan category of Indian Overseas Bank. These loan schemes can be availed by individuals to fulfill their diverse dreams
  • Loan amount: Ensuring that you are able to fulfill any dream or face a financial emergency without any hassle, Indian Overseas Bank Personal Loan offers a loan amount of upto Rs. 15 lakh
  • Flexible tenure: The tenure to repay Indian Overseas Bank Personal Loan goes upto 60 months
  • Minimum documentation: You only need to submit a few necessary documents to avail Indian Overseas Bank Personal Loan instantly
Indian Overseas Bank Personal Loan

This loan is offered to an individual to purchase consumer durables like electronics, furniture, etc. You can avail a loan amount of 10 times of gross salary or 90% of the article whichever is less, subject to a maximum amount of Rs. 5 lakh and can repay the loan amount in 60 months.

Indian Overseas Bank Personal Loan – Interest Rate and Fees

Interest Rate11.75%
Processing FeesUpto Rs. 5 lakh0.40%
Above Rs. 5 lakh0.50%

Indian Overseas Bank Personal Loan – Eligibility Criteria

  • You should have a regular income of at least Rs. 5,000 per month
  • Your maximum age should be 60 years

Indian Overseas Bank Personal Loan – Documents Required

An individual may be asked to submit a specific document but the basic documents required to avail Indian Overseas Bank Personal loan are as follows:

  • Photo identity proof(any one document):Passport, Pan Card, Voter Identity Card, Driving License, Aadhaar Card
  • Address proof(any one document):Ration Card, Bank Account Statement, Passport, Driving License, Electricity Bill, Telephone Bill, Sale Deed/Property purchase agreement(for owned properties), Aadhaar Card
  • Salary proof:Last 3 months/6 months’ bank statement (dependent on scheme) showing salary credits, Latest Salary Slip
Indian Overseas Bank Clean Loan

The loan is offered to the salaried individuals to meet any social/financial commitment. Depending upon an individual’s income, a loan amount of up to Rs. 15 lakh can be availed and can be repaid within 60 months.

Indian Overseas Bank Clean Loan – Quantum of Loan

EligibilityLoan amount
If either your employer undertakes to deduct the EMI every month and send to Indian Bank or your salary is routed through the branch that has granted you the loanRs. 15 lakh
For others5 times of salary or Rs. 1 lakh whichever is lower
For LIC agentsUp to 10 times average monthly commission or Rs.10.00 lakh  whichever is lower

Indian Overseas Bank Clean Loan – Interest Rate and Fees

Interest Rate13.50%
Processing Fees0.50%

Indian Overseas Bank Clean Loan – Eligibility Criteria

  • You should be a confirmed employee in public sector, government, reputed private enterprises, companies, firms, etc.
  • Your take home pay after deduction of proposed loan installment should be more than 50% of the gross pay
  • If you are an LIC agent, you are also eligible for the loan

Indian Overseas Bank Clean Loan – Documents Required

  • Application form
  • Salary certificate of applicant and guarantor with deduction particulars
  • Undertaking letter from employer to deduct monthly installment and recover the dues from terminal benefit in case of necessity
  • KYC documents
Indian Overseas Bank Consumption Loan – Sahayika

The consumption loan by Indian Overseas Bank is offered to meet any of the social financial commitment including higher education, medical treatment, marriage, etc. This secured personal loan is offered for up to a loan amount of Rs. 10 lakh. However, the loan amount depends upon the value of your security (movable property or Liquid securities like NSC, IVP,KVP, ULIP, UNITS etc. or  Life policies of LIC of India and other private insurance companies approved by IRDA). You can repay the loan within 60 months.

Indian Overseas Bank Consumption Loan – Sahayika – Interest Rate and Fees

Interest Rate12.25
Processing FeesUpto Rs. 5 lakh0.60%
Above Rs. 5 lakh0.75%

 Indian Overseas Bank Consumption Loan – Sahayika – Eligibility Criteria

  • You should be a confirmed/permanent employee of a reputed organization or a businessman or a professional or a self- employed individual
  • You must have 3 years of experience in your field
  • If you are a salaried individual, your take home pay should be at least 40% of gross salary after considering the installment of the present loan

Indian Overseas Bank Consumption Loan – Sahayika – Documents Required

  • Proof of employment and income
  • Proof of standing in the field of activity for professionals, self-employed and business people
  • Income tax assessment order or return with ITO acknowledgement for Professionals etc.
  • Details of the security offered and copies of the documents
Indian Overseas Bank Royal Loan

The Royal Loan by Indian Overseas Bank is offered to meet any socio/economic financial needs. You can apply for a loan amount of upto Rs. 15 lakh and can repay it within 12 to 84 months.

Indian Overseas Bank Royal Loan – Interest Rate and Fees

Interest RateAs offered by the bank
Processing FeesUpto Rs. 5 lakh0.50%
Above Rs. 5 lakh0.75%

 Indian Overseas Bank Royal Loan – Eligibility Criteria

  • You should be at least 25 years
  • Your minimum monthly income should be Rs. 75,000

Indian Overseas Bank Royal Loan – Documents Required

An individual may be asked to submit a specific document but the basic documents required to avail Indian Overseas Bank Personal loan are as follows:

  • Photo identity proof(any one document): Passport, Pan Card, Voter Identity Card, Driving License, Aadhaar Card
  • Address proof(any one document): Ration Card, Bank Account Statement, Passport, Driving License, Electricity Bill, Telephone Bill, Sale Deed/Property purchase agreement(for owned properties), Aadhaar Card
  • Salary proof: Last 3 months/6 months’ bank statement (dependent on scheme) showing salary credits, Latest Salary Slip
Indian Overseas Bank Passion Loan

This loan is offered to follow your passion and to purchase basic materials like music instrument, painting material, sports kit or paying coaching fees, etc. You can purchase a loan amount of upto 90% of the cost of article including coaching fee etc. but should not to exceed Rs.3 lakh. You can repay the loan by 60 months.

Indian Overseas Bank Passion Loan – Interest Rate and Fees

Interest Rate11.25%
Processing FeesUpto Rs. 5 lakh0.40%
Above Rs. 5 lakh0.50%

 Indian Overseas Bank Passion Loan – Eligibility Criteria

CategoryAge
Category A- Any individual who has taken a specific field like sports, arts, painting, music, etc. as profession and need financial assistance to tone his skillsMinimum10 years
Maximum25 years
Category B- Any individual who wants to pursue any skill as a hobbyMinimum25 years
Maximum50 years

Indian Overseas Bank Passion Loan – Documents Required

You can avail this loan either for yourself or for your kid. You may be asked to submit a specific document but the basic documents required to avail Indian Overseas Bank Personal loan are as follows:

  • Photo identity proof(any one document): Passport, Pan Card, Voter Identity Card, Driving License, Aadhaar Card
  • Address proof(any one document): Ration Card, Bank Account Statement, Passport, Driving License, Electricity Bill, Telephone Bill, Sale Deed/Property purchase agreement(for owned properties), Aadhaar Card
  • Salary proof: Last 3 months/6 months’ bank statement (dependent on scheme) showing salary credits, Latest Salary Slip
Indian Overseas Bank Personal Loan - EMI Calculator

When you plan to apply for various loans avail under Indian Overseas Bank Personal Loan category, it is important to know how much EMI you would be paying each month to repay the loan. Paisabazaar’s online EMI calculator is an easy to use tool that allows you to check your EMI so that you don’t borrow more than you can repay and can also manage your future expenses accordingly.

  • Go to the EMI Calculator
  • Scroll the bar to your desired loan amount, tenure and interest rate
  • Know your EMI within seconds
Compare Indian Overseas Bank Personal Loan VS Other Lenders
ParticularsIndian Overseas BankHDFC BankCiti BankICICI BankBajaj Finserv
Interest RateStarting from 11.25%11.25% to 21.50%Starting from 10.99%11.50% to 19.25%Starting from 12.99%
TenureVaries from customer to customer12 to 60 months12 to 60 months12 to 60 months12 to 60 months
Loan amountUpto Rs. 15 lakhUpto Rs. 40 lakhUpto Rs. 30 lakhUpto Rs. 20 lakhUpto Rs. 25 lakh
Processing FeeUpto Rs. 0.70% of the loan amountUpto 2.50% of the loan amountUpto 3% of the loan amountUpto 2.25% of loan amount plus GSTUp to 3.99% of the loan amount
Apply NowApply NowApply NowApply NowApply Now
Indian Overseas Bank - Customer Care
FAQs
How do I apply for Indian Overseas Bank Personal Loan offline?
Which loan scheme would be ideal for me if I wish to pay my father’s medical bills?
Can I prepay Indian Overseas Bank Passion Loan? Would there be any pre-payment charges?
How do I apply for Indian Overseas Bank Personal Loan offline?

You can visit the nearest branch of the bank to apply for a personal loan offline.

Which loan scheme would be ideal for me if I wish to pay my father’s medical bills?

In order to pay your father’s medical bills, you can opt for clean as well as consumption loan that are available under Indian Overseas Bank Personal Loan category.

Can I prepay Indian Overseas Bank Passion Loan? Would there be any pre-payment charges?

Yes, you can prepay Indian Overseas Bank Passion Loan without any prepayment charges.

Did you find this article helpful? Rate it.

IOB Personal Loan
(4.5/5 ) 579 Reviews
Write a review
Jun 28 , 2019
4/5
Competitive rates

Paisabazaar.com provides the interest rates of all the banks so that customer can compare and choose.

Jun 28 , 2019
5/5
Expert

I got expert advice from paisabazaar.com while choosing bank and interest rate.

Jun 28 , 2019
5/5
Various tenure period

I got the chance to choose the tenure period of my choice in the personal loan I applied.

Jun 28 , 2019
5/5
Partial payments

There are great option from IOB for customers, it really reduced my financial burden

Jun 28 , 2019
4/5
Awesome

A big like to the services of Paisabazaar.com. It is just simply awesome

Jun 28 , 2019
4/5
Long process

Applying for a personal loan from IOB is very long process. Not happy with the services

View All Reviews
Menu