| 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
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| 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
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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:
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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.
Paisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners.
The APR (Annual Percentage Rate) of a personal loan is its annualised cost of borrowing, which includes the interest rate as well as the processing fees, documentation fees and other fees charged during the loan origination. The APR is expressed in the form of a percentage and thus, allows personal loan applicants to detect personal loan schemes offered at lower interest rates but with higher processing fees and/or other charges.
The APR of personal loans usually ranges between 11.29% to 35%. For example, assume that you have availed a personal loan of Rs. 5 lakhs @ 10.50% p.a. with a repayment tenure of 5 years. The processing fee charged for this loan is 1.5% of the loan amount, which amounts to Rs 7,500. Therefore, the total borrowing cost of your personal loan will be Rs 1,52,317 and its APR will be 11.16%.
Address: Paisabazaar Marketing & Consulting Pvt. Ltd. 135 P, Sector 44, Gurugram (HR) 122001
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