Indian Overseas Bank Car Loan Interest

I am interested to take car loan from Indian Overseas Bank but I don’t have any idea about the interest rate so can you provide me the interest Rate chart of this bank?

[Pathak]

Indian overseas bank new car loans interest rates are as follows
Loan Type -Term Loan
Ex-Showroom/On Road - On Road
Loan Amount Up to 90% of the cost of the car
Tenure Max. - 72 months.
Interest Rate 13.25 %
Preferred Manufacturers Bajaj, Chevrolet, FIAT, Ford, GENERAL MOTORS INDIA, Hero Honda, HINDUSTAN MOTORS, Honda, Hyundai, Indus, Kinetic, Mahindra, Maruti Suzuki, Mercedes Benz, Mitsubishi, Nissan, Reva, Royal Enfield, SAN Engineering, Skoda, Suzuki, Tata Motors, Toyota, TVS, Yamaha

Hi buddy I want to know what is Indian Overseas Bank Car Loan Interest , as my father asking me for the same bcoz he want to apply for Indian Overseas Bank Car Loan??

[sumit]

Indian Overseas Bank (IOB) is a major public sector bank based in Chennai, India, with about 3,400 domestic branches. And about 6 foreign branches and representative office

As you want here I am telling Indian Overseas Bank offers loans for new cars at an interest rate of 9.15% p.a. and for used cars at rates from 10.15% p.a. to 11.15% p.a. You can finance up to 90% of the price of a new car and 75% of the market value of an old car with the help of this loan scheme. You can take up to 84 months to repay the car loan for your new car.

Bank profile

Type

Public

Traded as BSE: 532388

NSE: IOB

Industry Banking

capital markets

Founded 10 February 1937; 82 years ago

Founder M. Ct. M. Chidambaram Chettyar

Headquarters Chennai, Tamil Nadu, India

Number of locations

3557

Key people

T. C. A. Ranganathan

(Non-Exe Chairman)

Karnam Sekar

(MD & CEO)

Products Loans, credit cards, savings, investment vehicles etc.

Revenue Decrease₹23,517.29 crore (US$3.4 billion) (2016)

Operating income

Decrease ₹3,629.08 crore (US$520 million) (2018)

Net income

Decrease₹21,662 crore (US$3.1 billion) (2018)

Total assets Increase₹274,436.76 crore (US$40 billion) (2016)

Owner Government of India

Number of employees

31,846 (2016)

Capital ratio 9.66% (2016)