{"id":14800,"date":"2024-08-24T15:16:31","date_gmt":"2024-08-24T09:46:31","guid":{"rendered":"https:\/\/fly.finance\/blog\/?p=14800"},"modified":"2024-08-24T15:16:33","modified_gmt":"2024-08-24T09:46:33","slug":"indian-overseas-bank-personal-loans","status":"publish","type":"post","link":"https:\/\/fly.finance\/blog\/personal-loan\/indian-overseas-bank-personal-loans\/","title":{"rendered":"Indian Overseas Bank Personal Loans: Features, Apply Online"},"content":{"rendered":"\n<p>Personal Loans from Indian Overseas Bank (IOB) are the perfect financial choice to fulfil your dreams. These are available under various schemes for individuals and companies. Applicants must fulfil the minimum monthly salary requirements to avail of the IOB personal loan, which is offered up to INR 15 lakhs. You can fill out the application form online and apply for the loans easily. Let\u2019s take you through the important features, interest rates, terms and conditions, application process and much more in this blog.<\/p>\n\n\n\n<div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\"><h2 id=\"table-of-contents\">Table of contents<\/h2><ul><li><a href=\"#h-overview-of-indian-overseas-bank-personal-loans\" data-level=\"2\">Overview of Indian Overseas Bank Personal Loans<\/a><\/li><li><a href=\"#h-iob-personal-loan-schemes\" data-level=\"2\">IOB Personal Loan Schemes<\/a><ul><li><a href=\"#h-iob-personal-loan-for-hni-iob-royal\" data-level=\"3\">IOB Personal Loan for HNI- IOB Royal<\/a><\/li><li><a href=\"#h-special-personal-loan-for-hni-vip\" data-level=\"3\">Special Personal Loan for HNI-VIP<\/a><\/li><\/ul><\/li><li><a href=\"#h-interest-rates-on-iob-personal-loans\" data-level=\"2\">Interest Rates on IOB Personal Loans<\/a><\/li><li><a href=\"#h-eligibility-criteria-amp-documentation\" data-level=\"2\">Eligibility Criteria &amp; Documentation<\/a><\/li><li><a href=\"#h-how-to-apply-for-indian-overseas-bank-personal-loans\" data-level=\"2\">How to Apply for Indian Overseas Bank Personal Loans<\/a><\/li><li><a href=\"#h-faqs\" data-level=\"2\">FAQs<\/a><\/li><\/ul><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-overview-of-indian-overseas-bank-personal-loans\"><span id=\"overview-of-indian-overseas-bank-personal-loans\">Overview of Indian Overseas Bank Personal Loans<\/span><\/h2>\n\n\n\n<p>Indian Overseas Bank offers personal loans to employees in government, public sector undertakings, reputed private enterprises, firms, companies, etc. who are confirmed in service. The loan is offered up to 20\/ 15\/ 10 times the salary or up to INR 15 lakhs (whichever is lower) at 10.85% p.a onwards. You can repay the personal loan in 84 months (7 years).<\/p>\n\n\n\n<p>Unlike <a href=\"https:\/\/fly.finance\/blog\/personal-loan\/icici-bank-personal-loan\/\"><strong>ICICI Bank personal loans<\/strong><\/a> or <a href=\"https:\/\/fly.finance\/blog\/personal-loan\/bank-of-india-personal-loans\/\"><strong>Bank of India personal loans<\/strong><\/a>, you are required to pledge a security. By fulfilling the eligibility criteria and submitting the required documents during the application process, you can easily apply for Indian Overseas Bank personal loans. A personal loan top-up facility is also available for existing borrowers.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td colspan=\"2\"><strong>Key Features of Indian Overseas Bank Personal Loans<\/strong><\/td><\/tr><tr><td>Loan Amount<\/td><td>Up to 20\/ 25\/ 10 times the salary or Up to INR 15 lakhs (whichever is lower)<\/td><\/tr><tr><td>Interest Rates<\/td><td>10.85% to 12.85% p.a<\/td><\/tr><tr><td>Repayment Tenure<\/td><td>84 months (7 years)<\/td><\/tr><tr><td>Margin Money<\/td><td>Not Required<\/td><\/tr><tr><td>Processing Charges<\/td><td>Up to INR 5 lakhs- 0.40% of the loan amount<br>Above INR 5 lakhs- 0.50% of the loan amount<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-iob-personal-loan-schemes\"><span id=\"iob-personal-loan-schemes\">IOB Personal Loan Schemes<\/span><\/h2>\n\n\n\n<p>Indian Overseas Bank also offers personal loans for HNI (High Net Worth Individuals) and special personal loans to HNI-VIP. The loam amount is up to INR 15 lakhs and INR 25 lakhs respectively. Interest rates on these loans start at 12.50% p.a onwards.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-iob-personal-loan-for-hni-iob-royal\"><span id=\"iob-personal-loan-for-hni-iob-royal\">IOB Personal Loan for HNI- IOB Royal<\/span><\/h3>\n\n\n\n<p>IOB Royal personal loans for HNI are offered to meet any socio-economic financial needs of the applicant. It includes purposes like marriage, travel, or any other financial commitments.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Minimum Age:<\/strong> 25 years<\/li>\n\n\n\n<li><strong>Minimum Gross Income:<\/strong> INR 75,000 per month\u00a0<\/li>\n\n\n\n<li><strong>Loan Amount:<\/strong> Up to INR 15 lakhs<\/li>\n\n\n\n<li><strong>Margin Money:<\/strong> NIL<\/li>\n\n\n\n<li><strong>Tenure:<\/strong> 1 to 7 years<\/li>\n\n\n\n<li><strong>Interest Rate:<\/strong> 12.50% p.a. for loans less than 4 years, 13.00% p.a. for loans above 4 years<\/li>\n\n\n\n<li><strong>Processing Fees:<\/strong> 0.50% of the loan amount + taxes for loans above INR 5 lakhs<\/li>\n\n\n\n<li><strong>Security: <\/strong>Not required<\/li>\n\n\n\n<li><a href=\"https:\/\/fly.finance\/blog\/education-loan\/what-is-moratorium-period-and-how-does-it-work\/\"><strong>Moratorium Period:<\/strong><\/a> NIL<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-special-personal-loan-for-hni-vip\"><span id=\"special-personal-loan-for-hni-vip\">Special Personal Loan for HNI-VIP<\/span><\/h3>\n\n\n\n<p>Special personal loans for HNI-VIP are offered for purchasing any household goods.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Age:<\/strong> Minimum 25 years and maximum 60 years at the maturity<\/li>\n\n\n\n<li><strong>Minimum Gross Income:<\/strong> INR 75,000 per month with 2 years of service in the same organisation<\/li>\n\n\n\n<li><strong>Loan Amount:<\/strong> Up to INR 25 lakhs or 90% of the cost of the article<\/li>\n\n\n\n<li><strong>Margin Money:<\/strong> 10% of the cost of the article<\/li>\n\n\n\n<li><strong>Tenure:<\/strong> 1 to 6 years<\/li>\n\n\n\n<li><strong>Interest Rate:<\/strong> 11.90% p.a.<\/li>\n\n\n\n<li><strong>Processing Fees:<\/strong> 0.50% of the loan amount + taxes<\/li>\n\n\n\n<li><strong>Security:<\/strong> Required<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>For loans up to INR 15 lakhs: Hypothecation of purchased items<\/li>\n\n\n\n<li>For loans above INR 15 lakhs: Third-party guarantee or collateral security, along with hypothecation of purchased items\u00a0<\/li>\n<\/ul>\n\n\n\n<p>(Note: Hypothecation means using the purchased items as security for the loan.)<\/p>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: Know all about <\/strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/iob-education-loan\/\"><strong>IOB education loan<\/strong><\/a><strong> to study abroad. Check out the loan features, interest rates, eligibility, documentation, and application process.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-interest-rates-on-iob-personal-loans\"><span id=\"interest-rates-on-iob-personal-loans\">Interest Rates on IOB Personal Loans<\/span><\/h2>\n\n\n\n<p>Indian Overseas Bank personal loan interest rates are competitive. They range from 10.58% to 12.85% p.a based on the <a href=\"https:\/\/fly.finance\/blog\/personal-loan\/cibil-score-for-personal-loans\/\"><strong>CIBIL score for personal loans<\/strong><\/a>. The effective ROI is calculated as the sum of RLLR (Repo-linked Lending Rate) and spread. Check out the table below to know the interest rates on IOB personal loans based on different categories-<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Category<\/strong><\/td><td><strong>CIBIL Score<\/strong><\/td><td><strong>Interest Rate<\/strong><\/td><td><strong>Effective ROI<\/strong><\/td><\/tr><tr><td rowspan=\"3\"><strong>Category A <\/strong>(government employees, railway, defence, and paramilitary personnel, &amp; employees whose salary is credited to IOB)<\/td><td>Above 775<\/td><td>RLLR + 1.50%<\/td><td>10.85% p.a<\/td><\/tr><tr><td>700 to 775<\/td><td>RLLR + 2.00%<\/td><td>11.35% p.a<\/td><\/tr><tr><td>600 to 700<\/td><td>RLLR + 2.50%<\/td><td>11.85% p.a<\/td><\/tr><tr><td rowspan=\"3\"><strong>Category B <\/strong>(employees of reputable private firms or MNCs with regular monthly salaries who have an IOB salary account for at least 6 months)<\/td><td>Above 775<\/td><td>RLLR + 2.00%<\/td><td>11.35% p.a<\/td><\/tr><tr><td>700 to 775<\/td><td>RLLR + 2.50%<\/td><td>11.85% p.a<\/td><\/tr><tr><td>600 to 700<\/td><td>RLLR + 3.00%<\/td><td>12.35% p.a<\/td><\/tr><tr><td rowspan=\"3\"><strong>Category C <\/strong>(employees of reputable private firms or MNCs with regular monthly salaries who do not have an IOB salary account)<\/td><td>Above 775<\/td><td>RLLR + 2.50%<\/td><td>11.85% p.a<\/td><\/tr><tr><td>700 to 775<\/td><td>RLLR + 3.00%<\/td><td>12.35% p.a<\/td><\/tr><tr><td>600 to 700<\/td><td>RLLR + 3.50%<\/td><td>12.85% p.a<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><em>Please Note: Interest rates mentioned are subject to change based on market conditions and Indian Overseas Bank\u2019s guidelines. Please check the official website for the latest updates.<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-eligibility-criteria-amp-documentation\"><span id=\"eligibility-criteria-documentation\">Eligibility Criteria &amp; Documentation<\/span><\/h2>\n\n\n\n<p>Employees in government, public sector undertakings, reputed private enterprises, firms, companies, etc. who are confirmed in service are eligible to apply for Indian Overseas Bank personal loans.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>You must have a minimum take-home salary of 50% of your gross pay after deducting the proposed loan instalment.<\/li>\n\n\n\n<li>LIC agents are also eligible subject to specific conditions.<\/li>\n\n\n\n<li>Regular salary must be credited to the bank account for a minimum of 6 months<\/li>\n\n\n\n<li>Must be able to pledge a security.<\/li>\n\n\n\n<li>The employee should have a savings account at the branch where the loan is proposed.<\/li>\n\n\n\n<li>Salary should be routed through the savings account at the branch.<\/li>\n\n\n\n<li>Employer undertaking is needed to deduct loan instalment from salary and remit to bank.<\/li>\n<\/ul>\n\n\n\n<p>Once you fulfil the eligibility criteria, make sure to gather the supporting documents and upload\/ attach them with the Indian Overseas Bank personal loan application form. Here\u2019s the list of documents required-<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>PAN Card\/ Voter ID\/ Driving License\/ Passport<\/li>\n\n\n\n<li>Latest salary slip<\/li>\n\n\n\n<li>Form 16<\/li>\n\n\n\n<li>The last 6 months&#8217; bank statements<\/li>\n\n\n\n<li>IT returns for the last 2 years (if self-employed)<\/li>\n\n\n\n<li>Completed loan application form<\/li>\n\n\n\n<li>Undertaking letter from the employer to deduct EMIs<\/li>\n<\/ul>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: Taking a loan for higher studies abroad? Check out the list of <\/strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/iob-education-loan-documents-required\/\"><strong>documents required for an IOB education loan<\/strong><\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-to-apply-for-indian-overseas-bank-personal-loans\"><span id=\"how-to-apply-for-indian-overseas-bank-personal-loans\">How to Apply for Indian Overseas Bank Personal Loans<\/span><\/h2>\n\n\n\n<p>Indian Overseas Bank\u2019s online digital platform allows you to apply for personal loans anywhere anytime. You simply need to visit the IOB\u2019s official website and follow the instructions given below-<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXcZiYiaCBKOPucD0w8pNZMmdWmNgivX7Cltk1wQgdDQ3ysThc4a6lxNFFIB6tHK881M0VAfFB1dVGz-mEmwnpN4Iljz-NU3rJIw91NF7DlZR8rBDY9JOqUkzj5ONKKmOBm2xAqwAJEJTWsA2b8yIwszQnf4?key=QMZYn8dSPxnsqED8yraOmA\" alt=\"\"\/><\/figure>\n<\/div>\n\n\n<ul class=\"wp-block-list\">\n<li>Navigate to the \u2018Apply Online\u2019 button.<\/li>\n\n\n\n<li>Click on \u2018Apply Now\u2019 under the \u2018Personal Loan\u2019 section.<\/li>\n\n\n\n<li>You may check for eligibility to ensure that you meet the requirements.<\/li>\n\n\n\n<li>Now, click on \u2018Apply Now\u2019 and enter your mobile number and captcha.<\/li>\n\n\n\n<li>Complete the application form by filling in all required details.<\/li>\n\n\n\n<li>Prepare and upload necessary documents, including identity proof, income proof, address proof, and photographs.<\/li>\n\n\n\n<li>Review your application and click the &#8220;Submit&#8221; button.<\/li>\n\n\n\n<li>The bank will process your application and notify you of the status.<\/li>\n<\/ul>\n\n\n\n<p>You can follow the first two steps to track your application by using your reference number. in a convenient manner. If you are unable to complete the application, you can also complete your incomplete application by clicking on \u2018Continue Application\u2019. Hope this blog helped you with the important details.<\/p>\n\n\n\n<p>To know more about <a href=\"https:\/\/fly.finance\/loans\"><strong>education loans<\/strong><\/a>, the best <a href=\"https:\/\/fly.finance\/international-bank-account\"><strong>bank accounts for students<\/strong><\/a>, <a href=\"https:\/\/fly.finance\/forex\"><strong>forex<\/strong><\/a> and banking experience for global students or international money transfers, reach out to our experts at 1800572126 to help ease your study abroad experience.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs\"><span id=\"faqs\">FAQs<\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1724492540993\"><strong class=\"schema-faq-question\"><strong>What is the minimum salary for a personal loan in IOB?<\/strong><\/strong> <p class=\"schema-faq-answer\">The minimum salary required for IOB&#8217;s personal loan is INR 15,000 per month.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1724492551247\"><strong class=\"schema-faq-question\"><strong>Who is eligible for a personal loan in IOB Bank?<\/strong><\/strong> <p class=\"schema-faq-answer\">Employees in government, public sector undertakings, reputed private enterprises, firms, companies, etc. who are confirmed in service. LIC agents are also eligible subject to specific conditions.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1724492560539\"><strong class=\"schema-faq-question\"><strong>What is the interest rate for a personal loan in an Indian Overseas Bank?<\/strong><\/strong> <p class=\"schema-faq-answer\">The interest rate for personal loans at Indian Overseas Bank ranges from 10.85% to 12.85% p.a, depending on the credit score, loan type and tenure.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1724492571410\"><strong class=\"schema-faq-question\"><strong>What is the CIBIL score for an Indian Overseas Bank loan?<\/strong><\/strong> <p class=\"schema-faq-answer\">CIBIL score of 750 and above is generally favourable for Indian Overseas Bank personal loan approval. However, you can also get a <a href=\"https:\/\/fly.finance\/blog\/personal-loan\/personal-loan-with-low-cibil-score\/\"><strong>personal loan with a low CIBIL score<\/strong><\/a> (600 to 700) at higher interest rates.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1724492589694\"><strong class=\"schema-faq-question\"><strong>How much amount is offered for an IOB personal loan?<\/strong><\/strong> <p class=\"schema-faq-answer\">Indian Overseas Bank offers personal loans up to \u20b915 lakhs, depending on the applicant&#8217;s salary and eligibility criteria.<\/p> <\/div> <\/div>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-pale-ocean-gradient-background has-background has-fixed-layout\"><tbody><tr><td colspan=\"2\"><strong>Related Blogs<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/iob-scholar-education-loan\/\"><strong>IOB Scholar Education Loan<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/iob-vidya-jyothi-education-loan\/\"><strong>IOB Vidya Jyothi Education Loan<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/iob-vidya-suraksha-education-loan\/\"><strong>IOB Vidya Suraksha Education Loan<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/iob-education-loan-interest-rate\/\"><strong>IOB Education Loan Interest Rate<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/iob-education-loan-processing-time\/\"><strong>IOB Education Loan Processing Time<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/iob-education-loan-disbursement\/\"><strong>IOB Education Loan Disbursement<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/iob-education-loan-without-collateral\/\"><strong>IOB Education Loan without Collateral<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/personal-loan\/sbi-personal-loan-application-process\/\"><strong>SBI Personal Loan Application Process<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/personal-loan\/yes-bank-personal-loans\/\"><strong>YES Bank Personal Loan<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/personal-loan\/punjab-national-bank-personal-loans\/\"><strong>Punjab National Bank Personal Loan<\/strong><\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Personal Loans from Indian Overseas Bank (IOB) are the perfect financial choice to fulfil your dreams. These are available under various schemes for individuals and companies. Applicants must fulfil the minimum monthly salary requirements to avail of the IOB personal loan, which is offered up to INR 15 lakhs. You can fill out the application &#8230; <a title=\"Indian Overseas Bank Personal Loans: Features, Apply Online\" class=\"read-more\" href=\"https:\/\/fly.finance\/blog\/personal-loan\/indian-overseas-bank-personal-loans\/\" aria-label=\"Read more about Indian Overseas Bank Personal Loans: Features, Apply Online\">Read more<\/a><\/p>\n","protected":false},"author":29,"featured_media":14801,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[410],"tags":[],"class_list":["post-14800","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-personal-loan"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Indian Overseas Bank Personal Loans: Features, Apply Online<\/title>\n<meta name=\"description\" content=\"Check here all about Indian Overseas Bank personal loans. 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I'm Shubhika- a proud graduate in English Literature and Language from Delhi University. My journey as a content writer transitioned from online teacher into the world of words. Stepping into the domain of blogs and articles, I discovered my passion for writing growing deeper and stronger. Having said that, I have experience of writing for diverse industries in automobile, technology, ed-tech, finance and mental-health; crafting details to help you find the solution to what you are looking for. Join me as I invite you all explore and learn together.","sameAs":["https:\/\/www.facebook.com\/shubhika.garg\/","https:\/\/www.instagram.com\/shubhika.garg\/","https:\/\/www.linkedin.com\/in\/shubhikagarg71\/","https:\/\/www.tumblr.com\/blog\/shubhikahere"],"url":"https:\/\/fly.finance\/blog\/author\/shubhika\/"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/personal-loan\/indian-overseas-bank-personal-loans\/#faq-question-1724492540993","position":1,"url":"https:\/\/fly.finance\/blog\/personal-loan\/indian-overseas-bank-personal-loans\/#faq-question-1724492540993","name":"What is the minimum salary for a personal loan in IOB?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The minimum salary required for IOB's personal loan is INR 15,000 per month.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/personal-loan\/indian-overseas-bank-personal-loans\/#faq-question-1724492551247","position":2,"url":"https:\/\/fly.finance\/blog\/personal-loan\/indian-overseas-bank-personal-loans\/#faq-question-1724492551247","name":"Who is eligible for a personal loan in IOB Bank?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Employees in government, public sector undertakings, reputed private enterprises, firms, companies, etc. who are confirmed in service. LIC agents are also eligible subject to specific conditions.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/personal-loan\/indian-overseas-bank-personal-loans\/#faq-question-1724492560539","position":3,"url":"https:\/\/fly.finance\/blog\/personal-loan\/indian-overseas-bank-personal-loans\/#faq-question-1724492560539","name":"What is the interest rate for a personal loan in an Indian Overseas Bank?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The interest rate for personal loans at Indian Overseas Bank ranges from 10.85% to 12.85% p.a, depending on the credit score, loan type and tenure.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/personal-loan\/indian-overseas-bank-personal-loans\/#faq-question-1724492571410","position":4,"url":"https:\/\/fly.finance\/blog\/personal-loan\/indian-overseas-bank-personal-loans\/#faq-question-1724492571410","name":"What is the CIBIL score for an Indian Overseas Bank loan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"CIBIL score of 750 and above is generally favourable for Indian Overseas Bank personal loan approval. However, you can also get a <a href=\"https:\/\/fly.finance\/blog\/personal-loan\/personal-loan-with-low-cibil-score\/\"><strong>personal loan with a low CIBIL score<\/strong><\/a> (600 to 700) at higher interest rates.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/personal-loan\/indian-overseas-bank-personal-loans\/#faq-question-1724492589694","position":5,"url":"https:\/\/fly.finance\/blog\/personal-loan\/indian-overseas-bank-personal-loans\/#faq-question-1724492589694","name":"How much amount is offered for an IOB personal loan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Indian Overseas Bank offers personal loans up to \u20b915 lakhs, depending on the applicant's salary and eligibility criteria.","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/14800","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/comments?post=14800"}],"version-history":[{"count":1,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/14800\/revisions"}],"predecessor-version":[{"id":14802,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/14800\/revisions\/14802"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/media\/14801"}],"wp:attachment":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/media?parent=14800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/categories?post=14800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/tags?post=14800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}