Indian Overseas Bank Loan Interest Rates

Can you provide me the Retail Credit Schemes Interest Rate for Housing Loans (for purchase /construction /repair /renovation /GEN Next, Pre approval) of Indian Overseas Bank?

[Kiran Chandar]

Indian Overseas Bank is a major bank based in Chennai (Madras), with about 3350 domestic branches, 3 extension counters and six branches overseas.

Indian Overseas Bank Loan Interest Rates

Retail Credit Schemes Interest Rate with effect from 20.07.2015 Housing Loans (for purchase /construction /repair/renovation/GEN Next, Pre approval) of Indian Overseas Bank is as follows:

Interest Rate % p.a. – Irrespective of Tenor

Loan Amount Others Women Borrowers

Up to Rs 30 lakhs @ Base Rate i.e.9.90 @ Base Rate i.e.9.90
Above Rs.30 lacs & up to
Rs 75 Lacs @ Base Rate i.e.9.90 @ Base Rate i.e.9.90

Above Rs 75 lakhs @ Base Rate +0.25 i.e.10.15 @ Base Rate i.e.9.90

Name of Scheme Interest Rate % p.a (Floating)

Pushpaka-loan 10.40%

Sahayika-loan to meet social financial commitments 13.65%

Sanjeevini - loan to medical practitioners for setting
up nursing homes/hospitals and for purchase of equipments
For Loans up to Rs. 1.00 Crore. 11.65%
Above Rs.1 Crore to 5.00 Crores 12.15%

Pensioners' loan Scheme - loan to pensioners for
meeting immediate emergency needs
(1% concession for IOB Pensioner’s) 12.65% 5

Home Décor - loan for furnishing your home. 12.65%

Indian Overseas Bank Loan Interest Rates