Indian Overseas Bank Personal Loan

Indian Overseas Bank offers personal loan @ 10.25% p.a. for loan amounts of up to Rs 30 lakh and for...

Indian Overseas Bank offers personal loan @ 10.25% p.a. for loan amounts of up to Rs 30 lakh and for tenures of up to 7 years. Consumers with minimum monthly income of Rs 75,000 can avail IOB Royal, a special Indian Overseas Bank Personal Loan scheme, for tenures of up to 7 years

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Google Play Store

4.5_/5

15.5L Reviews

5.7cr+Satisfied Customers

65+Lending Partners

₹65k Cr+Loans Disbursed

Wide Choice

Curated offers from 30+ lenders

Quick Disbursal

Money in your account instantly

SmartMatch

Offers ranked according to eligibility

Digital Process

Hassle-free & paperless

Calculate Your Personal Loan EMI

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₹

50K50L

Rate of Interest (Yearly %)

8%30%

Loan Tenure

1Y 10Y

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HDFC Bank

10 Second Disbursal*100% Digital Process*Quick Disbursal

Max Loan Amt.Upto ₹25L

Rate of Interest9.99% - 12.5%

Tenure upto1-5 Years

Processing Fee₹ 6,500

ICICI Bank

100% Digital Process*Quick Disbursal

Max Loan Amt.Upto ₹25L

Rate of Interest11% - 13%

Tenure upto1-5 Years

Processing FeeUpto 2%

Axis Bank

Low Processing fee

Max Loan Amt.Upto ₹25L

Rate of Interest9.99% - 17.15%

Tenure uptoUpto 6 Years

Processing FeeUpto 2%

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Indian Overseas Bank Personal Loan Highlights

Indian Overseas Bank Personal Loan Interest Rates

Indian Overseas Bank Personal Loan Processing Fees and Charges

Types of Indian Overseas Bank Personal Loans

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How Can I Apply for a Personal Loan Online?

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

Indian Overseas Bank Personal Loan Highlights

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 9th February 2026

Indian Overseas Bank Personal Loan Interest Rates

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%

IOB Personal Loan

Loan Amount	Processing Charges
Up to Rs 5 lakh	0.40%
Above Rs 5 lakh	0.50%

Clean Loan, IOB Royal

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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Types of Indian Overseas Bank Personal Loans

Personal Loan to HNI (IOB Royal)

Purpose: Personal loan scheme offered to fulfil the socio-economic financial needs

Loan Amount: Up to Rs 15 lakh

Tenure: 1-7 years

IOB Personal Loan

Purpose: For any purpose, including financial or social commitments.

Loan Amount:

For employees working with Central Government, State PSUs, Central PSUs, Quasi Govt., Defense & paramilitary, PSB and Railway, or institutions where the bank's branch is named after the institution's name, or working with MNCs, reputed private firms and companies with regular monthly salaries and maintaining salary accounts with IOB - Up to 25 or 20 times of gross monthly salary or Rs 30 lakh, whichever is lower.
For employees working with reputed private firms, MNCs and companies with regular monthly salaries and don't maintain salary accounts with IOB - Up to 10 times of gross monthly salary or Rs 15 lakh, whichever is lower.

Tenure: Up to 7 years

IOB Personal Loan Top-up

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.

Eligibility Criteria for Indian Overseas Bank Personal Loan

For Personal Loan to HNI (IOB Royal)

Minimum age: 25 years
Minimum Gross Income: Rs 75,000

Eligibility for IOB Personal Loan

The following types of applicant are eligible for IOB Personal Loans:

- Category A: Employees working with Central Government, State PSUs, Central PSUs, Quasi Govt., Defense & paramilitary, PSB and Railway are eligible for IOB Personal Loan. The employees of the institutions where the bank's branch is named after the institution's name and salary is credited to a savings account with the bank are also eligible for personal loans.
- Category B: Employees working with MNCs, reputed private firms and companies with regular monthly salaries and employees maintaining salary accounts with IOB. The regular salary credit into the account should be for a minimum of 6 months.
- Category C: Employees working with reputed private firms, MNCs and companies with regular monthly salaries and don't maintain salary accounts with IOB. The regular salary credit should be for a minimum of 6 months.
- The applicant should have a savings account in the respective branch from where the loan is availed.

Eligibility for IOB Personal Loan Top-up

Employees working with Central or State Government, Central PSUs, State PSUs, PSBs, Quasi Govt., Railway, Defence & Paramilitary and having their salary account with Indian Overseas Bank are eligible for personal loan top-up.
Employees of the institutions where IOB's Branch is located in the institution campus and the salary of the employees of the institution is credited to a savings account with IOB are also eligible for top-up loan.
Age Criteria: Minimum-22 years, Maximum-3 months prior to superannuation or 60 years of age, whichever is earlier.
The applicant should have a regular repayment for the last 1 year.
CIC Score: 700 and above
The Take Home Pay (after proposed EMI) should be 40% or a minimum Rs 50,000 after the proposed EMI.

Also check the personal loan eligibility criteria set by other personal loan lenders.

Documents Required for Loan Application

Duly filled application form with passport-sized photographs
Photo identity proof (any one document): Passport, PAN card, Voter Identity Card, Driving License, Aadhar 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), Aadhar Card
Income proof: Bank Account Statement, Salary Slips, ITR, Form 16, etc.(depending on scheme and applicant type)
Any other document required by the bank

Additional documents for IOB Personal Loan

Salary certificate of applicant and guarantor with deduction particulars
Undertaking letter from employer to deduct monthly installment and recover the dues from terminal benefit (if necessary)

Indian Overseas Bank Customer Care

Toll Free Numbers:

1800 890 4445
1800 425 4445

Know more about Indian Overseas Bank Customer Care and Grievance redressal process in detail

How Can I Apply for a Personal Loan Online?

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

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FAQs

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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What our customers say

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Abhishek ThakuraJan 14, 2026

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Written By

Vandana Punj

Reviewed By

Shamik Ghosh

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