To purchase my house, I needed a home loan and for that; I planned to opt for one from Indian Overseas Bank. I called the customer service number of the bank and asked them for the Indian Overseas Bank home loan interest rate. The customer executive told me that the interest rate starts from 9.60%. Besides that, he also told me about the eligibility criteria for the home loan.
What is the IOB Home Loan Interest Rate?
As I mentioned above, the home loan interest rate of IOB starts from 9.60%. I have added some of the other information in the below table.
Age Criteria |
18 to 60 Years |
Maximum Loan Limit |
No Ceiling |
Maximum Tenure |
360 Months |
Rate of Interest |
Starting 9.60% |
He also told me that to avail of the loan, I have to fulfil some eligibility criteria and those are.
Groups of individuals
Members of Co-operative Societies
Individuals not over 55 years of age. However, borrowers at 60 years are eligible if their legal heirs join them.
Borrowers must complete the loan before 70 years of age.
As I am a salaried person, he informed me that my job needs to be permanent with a minimum of 2 or 3 years of service. And that’s all he had informed me about the IOB housing loan interest rate.
Avail Home Loans through NoBroker for Max Funding and Low Interest Rates Read MoreWhat is the Indian Overseas Bank Home Loan Processing Fee?
Your Feedback Matters! How was this Answer?
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & Delivery
Intercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
I have an Indian Overseas Bank account, and when I was planning to take a home loan for building my house, I decided to avail the loan from them. I called the manager of the bank and asked him about the Indian Overseas Bank Housing loan interest rate and other details related to the home loan. The manager connected me to the people in charge of home loans in the Bank. Here is what he told me.
What is the Home Loan Interest Rate of Indian Overseas Bank?
The home loan guy provided me with a list that had all the information related to the home loan. I have added the list below to make it easier for you to understand.
| Particulars | Details |
IOB Bank Home Loan Interest Rate |
8.40% to 10.50% for salaried persons |
Loan Tenure |
30 years |
Processing Fees |
100% waiver on Processing Charges |
Pre-Closure Charges |
NIL |
Documentation Charges |
50% waiver on Documentation Charges |
Age Criteria |
Maximum age is 60 years |
After going through this information, I decided to take it and got an IOB housing loan interest rate of 9.65%.
I hope this information about Indian overseas bank housing loan interest rate, would be of help to you.
Avail Home Loans at Low Interest Rates through NoBroker Home Loan Service Read MoreIOB Customer Care Number?
Your Feedback Matters! How was this Answer?
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & Delivery
Intercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
Authors Of The Question
What is Home Loan Interest Rate of Indian Overseas Bank?
Ajay
61 Views
2 Answers
6 months
2024-06-28T14:23:53+00:00 2024-08-06T15:08:08+00:00Comment
Share