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Lending_Interest_Rates

Last Updated on: 11/04/2025

Lending_Interest_Rates

Home >> Customers Corner >> Knowledge >> Interest Rates >> Lending Interest Rates

  • a. Repo Rate to be updated w.e.f 12.04.2025 as 6.00%
  • b. Markup: 2.85%
  • c. RLLR (w.e.f 12.04.2025) - 8.85%
  • d. The Effective Base Rate will be 10.00% with Effect from 15.08.2024 until further review
  • e. One Year MCLR w.e.f 15.01.2025 will be 9.10%
  • f. Processing charges on home and vehicle loans are waived off until 31.03.2025.

 

❱ Housing Loans:

(Subhagruha Home Loan,NRI Home Loan, Subhagruha Gen Next & HL Surya) Salaried Non-Salaried
Risk Grade Interest Rate Effective Rate Interest Rate Effective Rate

CIC-1 (>= 800)

RLLR - 0.95

7.90

RLLR - 0.85

8.00

CIC-2 (775 to 799)

RLLR - 0.95

7.90

RLLR - 0.85

8.00

CIC-3 (750 to 774)

RLLR - 0.85

8.00

RLLR - 0.75

8.10

CIC-4 (725 to 749) & NTC

RLLR - 0.75

8.10

RLLR - 0.65

8.20

CIC-5 (700 to 724)

RLLR - 0.75

8.10

RLLR - 0.65

8.20

CIC-6 (680 to 699)

RLLR - 0.45

8.40

RLLR - 0.35

8.50

CIC-7 (680 & Below)

Reject

❱ Subhagruha Cash Credit

Subhagruha Cash Credit Salaried
Risk Grade Interest Rate Effective Rate

CIC-1 (>= 800)

RLLR - 0.45

8.40

CIC-2 (775 to 799)

RLLR - 0.45

8.40

CIC-3 (750 to 774)

RLLR - 0.35

8.50

CIC-4 (725 to 749) & NTC

RLLR - 0.25

8.60

CIC-5 (700 to 724)

RLLR - 0.25

8.60

CIC-6 (680 to 699)

RLLR + 0.05

8.90

❱ IOB Home Advantage

Individual Term Loan
Risk Grade Interest Rate Effective Rate

CIC-1 (>= 800)

RLLR + 1.05

9.90

CIC-2 (775 to 799)

RLLR + 1.10

9.95

CIC-3 (750 to 774)

RLLR + 1.15

10.00

CIC-4 (725 to 749) & NTC

RLLR + 1.25

10.10

CIC-5 (700 to 724)

RLLR + 1.45

10.30

CIC-6 (680 to 699)

RLLR + 1.65

10.50

❱ NRI Housing Loan Top Up

Individual Term Loan
Risk Grade Interest Rate Effective Rate

CIC-1 (>= 800)

RLLR + 1.05

9.90

CIC-2 (775 to 799)

RLLR + 1.10

9.95

CIC-3 (750 to 774)

RLLR + 1.15

10.00

CIC-4 (725 to 749) & NTC

RLLR + 1.25

10.10

CIC-5 (700 to 724)

RLLR + 1.45

10.30

CIC-6 (680 to 699)

RLLR + 1.65

10.50

❱ Loan Against Property Top Up

Individual Term Loan
Risk Grade Interest Rate Effective Rate

CIC-1 (>= 800)

RLLR + 1.05

9.90

CIC-2 (775 to 799)

RLLR + 1.10

9.95

CIC-3 (750 to 774)

RLLR + 1.15

10.00

CIC-4 (725 to 749) & NTC

RLLR + 1.25

10.10

CIC-5 (700 to 724)

RLLR + 1.45

10.30

CIC-6 (680 to 699)

RLLR + 1.65

10.50

❱ Liquirent

Individual Term Loan
Risk Grade Interest Rate Effective Rate

CIC-1 (>= 800)

RLLR + 1.05

9.90

CIC-2 (775 to 799)

RLLR + 1.10

9.95

CIC-3 (750 to 774)

RLLR + 1.15

10.00

CIC-4 (725 to 749) & NTC

RLLR + 1.25

10.10

CIC-5 (700 to 724)

RLLR + 1.45

10.30

CIC-6 (680 to 699)

RLLR + 1.65

10.50

❱ Reverse Mortgage Loan

Individual Term Loan
Risk Grade Interest Rate Effective Rate

CIC-1 (>= 800)

RLLR + 1.05

9.90

CIC-2 (775 to 799)

RLLR + 1.10

9.95

CIC-3 (750 to 774)

RLLR + 1.15

10.00

CIC-4 (725 to 749) & NTC

RLLR + 1.25

10.10

CIC-5 (700 to 724)

RLLR + 1.45

10.30

CIC-6 (680 to 699)

RLLR + 1.65

10.50

❱ Subhagruha Top up

Individual Term Loan
Risk Grade Interest Rate Effective Rate

CIC-1 (>= 800)

RLLR + 1.05

9.90

CIC-2 (775 to 799)

RLLR + 1.10

9.95

CIC-3 (750 to 774)

RLLR + 1.15

10.00

CIC-4 (725 to 749) & NTC

RLLR + 1.25

10.10

CIC-5 (700 to 724)

RLLR + 1.45

10.30

CIC-6 (680 to 699)

RLLR + 1.65

10.50

❱ Home Improvement Scheme

Individual Term Loan
Risk Grade Interest Rate Effective Rate

CIC-1 (>= 800)

RLLR + 1.05

9.90

CIC-2 (775 to 799)

RLLR + 1.10

9.95

CIC-3 (750 to 774)

RLLR + 1.15

10.00

CIC-4 (725 to 749) & NTC

RLLR + 1.25

10.10

CIC-5 (700 to 724)

RLLR + 1.45

10.30

CIC-6 (680 to 699)

RLLR + 1.65

10.50

❱ Home Décor

Individual Term Loan
Risk Grade Interest Rate Effective Rate

CIC-1 (>= 800)

RLLR + 1.05

9.90

CIC-2 (775 to 799)

RLLR + 1.10

9.95

CIC-3 (750 to 774)

RLLR + 1.15

10.00

CIC-4 (725 to 749) & NTC

RLLR + 1.25

10.10

CIC-5 (700 to 724)

RLLR + 1.45

10.30

CIC-6 (680 to 699)

RLLR + 1.65

10.50

❱ Loan Against Property – HNI and Liquirent

Non-Individual Term Loan
Risk Grade Interest Rate Effective Rate
IOB1 or AAA RLLR + 1.05 9.90
IOB2 or AA RLLR + 1.10 9.95
IOB3 or A RLLR + 1.25 10.10
IOB4 or BBB RLLR + 1.45 10.30
IOB5 or BB RLLR + 2.05 10.90

❱ Cash Credit Mortgaged Loans

Loan Against Property - CC and CC Liquirent Against Rent
Individual Cash Credit Non-Individual Cash Credit
Risk Grade Interest Rate Effective Rate Risk Grade Interest Rate Effective Rate

CIC-1 (>= 800)

RLLR + 1.55

10.40

IOB1 or AAA

RLLR + 1.55

10.40

 

CIC-2 (775 to 799)

RLLR + 1.60

10.45

IOB2 or AA

RLLR + 1.60

10.45

 

CIC-3 (750 to 774)

RLLR + 1.65

10.50

IOB3 or A

RLLR + 1.75

10.60

 

CIC-4 (725 to 749) & NTC

RLLR + 1.75

10.60

IOB4 or BBB

RLLR + 1.95

10.80

 

CIC-5 (700 to 724)

RLLR + 1.95

10.80

IOB5 or BB

RLLR + 2.55

11.40

 

CIC-6 (680 to 699)

RLLR + 2.15

11.00

IOB1 or AAA

RLLR + 1.55

10.40

❱ Vehicle Loan

Vehicle Loan (Non-Electric Vehicles): Four Wheeler
INDIVIDUAL-Four Wheeler
Risk Grade Interest Rate ROI If External Rating is Available

CIC-1 (>= 800)

RLLR - 0.50

8.35

External Rating

INTEREST RATE

ROI

CIC-2 (775 to 799)

RLLR - 0.50

8.35

AAA to A

RLLR - 0.50

8.35

CIC-3 (750 to 774)

RLLR - 0.40

8.45

BBB

RLLR + 0.70

9.55

CIC-4 (725 to 749) & NTC

RLLR - 0.35

8.50

Below BBB

Reject

CIC-5 (700 to 724)

RLLR - 0.35

8.50

If External Rating is Not-Available

CIC-6 (680 to 699)

RLLR + 0.50

9.35

ICON Rating

INTEREST RATE

ROI

CIC-7 (680 & Below)

Reject

IOB 1 to IOB 3

RLLR - 0.50

8.35

 

    

IOB 4

RLLR - 0.35

8.50

 

    

IOB 5

RLLR + 0.70

9.55

 

 

 

IOB 6 & BELOW

Reject

Vehicle Loan (Non-Electric Vehicles): Two Wheeler
INDIVIDUAL-Two Wheeler
Risk Grade Interest Rate ROI If External Rating is Available

CIC-1 (>= 800)

RLLR + 2.25

11.10

External Rating

INTEREST RATE

ROI

CIC-2 (775 to 799)

RLLR + 2.60

11.45

AAA to A

RLLR + 2.25

11.10

CIC-3 (750 to 774)

RLLR + 2.95

11.80

BBB

RLLR + 5.75

14.60

CIC-4 (725 to 749) & NTC

RLLR + 4.05

12.90

Below BBB

Reject

CIC-5 (700 to 724)

RLLR + 5.15

14.00

If External Rating is Not-Available

CIC-6 (680 to 699)

RLLR + 5.55

14.40

ICON Rating

INTEREST RATE

ROI

CIC-7 (680 & Below)

Reject

IOB 1 to IOB 3

RLLR + 2.25

11.10

 

    

IOB 4

RLLR + 4.05

12.90

 

    

IOB 5

RLLR + 5.75

14.60

 

 

 

IOB 6 & BELOW

Reject

Vehicle Loan (Electric Vehicles): Four Wheeler
INDIVIDUAL-Four Wheeler
Risk Grade Interest Rate ROI If External Rating is Available

CIC-1 (>= 800)

RLLR - 0.70

8.15

External Rating

INTREST RATE

ROI

CIC-2 (775 to 799)

RLLR - 0.70

8.15

AAA to A

RLLR - 0.70

8.15

CIC-3 (750 to 774)

RLLR - 0.60

8.25

BBB

RLLR + 0.50

9.35

CIC-4 (725 to 749) & NTC

RLLR - 0.55

8.30

Below BBB

Reject

CIC-5 (700 to 724)

RLLR - 0.55

8.30

If External Rating is Not-Available

CIC-6 (680 to 699)

RLLR + 0.30

9.15

ICON Rating

INTEREST RATE

ROI

CIC-7 (680 & Below)

Reject

IOB 1 to IOB 3

RLLR - 0.70

8.15

 

    

IOB 4

RLLR - 0.55

8.30

 

    

IOB 5

RLLR + 0.50

9.35

 

 

 

IOB 6 & BELOW

Reject

Vehicle Loan (Electric Vehicles): Two Wheeler
INDIVIDUAL-Two Wheeler
Risk Grade Interest Rate ROI If External Rating is Available

CIC-1 (>= 800)

RLLR + 2.05

10.90

External Rating

INTEREST RATE

ROI

CIC-2 (775 to 799)

RLLR + 2.40

11.25

AAA to A

RLLR + 2.05

10.90

CIC-3 (750 to 774)

RLLR + 2.75

11.60

BBB

RLLR + 5.55

14.40

CIC-4 (725 to 749) & NTC

RLLR + 3.85

12.70

Below BBB

Reject

CIC-5 (700 to 724)

RLLR + 4.95

13.80

If External Rating is Not-Available

CIC-6 (680 to 699)

RLLR + 5.35

14.20

ICON Rating

INTEREST RATE

ROI

CIC-7 (680 & Below)

Reject

 

    

IOB 1 to IOB 3

RLLR + 2.05

10.90

 

    

IOB 4

RLLR + 3.85

12.70

 

    

IOB 5

RLLR + 5.55

14.40

 

 

 

IOB 6 & BELOW

Reject


❱ Personal Loan

 

TERM LOAN (Clean Loan) Category A Category B Category C
Risk Grade Interest Rate ROI Interest Rate ROI Interest Rate ROI

CIC-1 (>= 800)

RLLR + 1.65

10.50

RLLR + 2.00

10.85

RLLR + 2.50

11.35

CIC-2 (775 to 799)

RLLR + 1.85

10.70

RLLR + 2.05

10.90

RLLR + 2.60

11.45

CIC-3 (750 to 774)

RLLR + 2.00

10.85

RLLR + 2.25

11.10

RLLR + 2.75

11.60

CIC-4 (725 to 749) & NTC

RLLR + 2.95

11.80

RLLR + 3.15

12.00

RLLR + 3.65

12.50

CIC-5 (700 to 724)

RLLR + 3.55

12.40

RLLR + 3.65

12.50

RLLR + 4.15

13.00

CIC-6 (680 to 699)

RLLR + 4.40

13.25

RLLR + 4.65

13.50

RLLR + 5.05

13.90

CIC-7 (680 & Below)

Reject

CASH CREDIT (Clean Loan) Category A Category B Category C
Risk Grade Interest Rate ROI Interest Rate ROI Interest Rate ROI

CIC-1 (>= 800)

RLLR + 2.15

11.00

RLLR + 2.50

11.35

RLLR + 3.00

11.85

CIC-2 (775 to 799)

RLLR + 2.35

11.20

RLLR + 2.55

11.40

RLLR + 3.10

11.95

CIC-3 (750 to 774)

RLLR + 2.50

11.35

RLLR + 2.75

11.60

RLLR + 3.25

12.10

CIC-4 (725 to 749) & NTC

RLLR + 3.45

12.30

RLLR + 3.65

12.50

RLLR + 4.15

13.00

CIC-5 (700 to 724)

RLLR + 4.05

12.90

RLLR + 4.15

13.00

RLLR + 4.65

13.50

CIC-6 (680 to 699)

RLLR + 4.90

13.75

RLLR + 5.15

14.00

RLLR + 5.55

14.40

CIC-7 (680 & Below)

Reject

TERM LOAN (PRE APPROVED PERSONAL LOAN and PERSONAL LOAN SCHEME TOP UP LOAN
Risk Grade Interest Rate ROI

CIC-1 (>= 800)

RLLR + 1.65

10.50

CIC-2 (775 to 799)

RLLR + 1.85

10.70

CIC-3 (750 to 774)

RLLR + 2.00

10.85

CIC-4 (725 to 749) & NTC

RLLR + 2.95

11.80

CIC-5 (700 to 724)

RLLR + 3.55

12.40

CIC-6 (680 to 699)

RLLR + 4.40

13.25

CIC-7 (680 & Below)

Reject

TERM LOAN (Clean Loan to LIC Agents and IOB Royal to HNI)
Risk Grade Interest Rate ROI

CIC-1 (>= 800)

RLLR + 2.00

10.85

CIC-2 (775 to 799)

RLLR + 2.05

10.90

CIC-3 (750 to 774)

RLLR + 2.25

11.10

CIC-4 (725 to 749) & NTC

RLLR + 3.15

12.00

CIC-5 (700 to 724)

RLLR + 3.65

12.50

CIC-6 (680 to 699)

RLLR + 4.65

13.50

CIC-7 (680 & Below)

Reject

CASH CREDIT (Clean Loan to LIC Agents and IOB Royal to HNI)
Risk Grade Interest Rate ROI

CIC-1 (>= 800)

RLLR + 2.50

11.35

CIC-2 (775 to 799)

RLLR + 2.55

11.40

CIC-3 (750 to 774)

RLLR + 2.75

11.60

CIC-4 (725 to 749) & NTC

RLLR + 3.65

12.50

CIC-5 (700 to 724)

RLLR + 4.15

13.00

CIC-6 (680 to 699)

RLLR + 5.15

14.00

CIC-7 (680 & Below)

Reject

TERM LOAN (Elite Consumer Durable Loan and Consumer Durable Loan)
Risk Grade Interest Rate ROI

CIC-1 (>= 800)

RLLR + 2.50

11.35

CIC-2 (775 to 799)

RLLR + 2.60

11.45

CIC-3 (750 to 774)

RLLR + 2.75

11.60

CIC-4 (725 to 749) & NTC

RLLR + 3.65

12.50

CIC-5 (700 to 724)

RLLR + 4.15

13.00

CIC-6 (680 to 699)

RLLR + 5.05

13.90

CIC-7 (680 & Below)

Reject

❱ IOB Royal - Personal Loan to HNI

 

Risk Grade Rate of Interest Rate Effective Rate
CIC-1 (>= 800) RLLR + 2.00% 11.10%
CIC-2 (775 to 799) RLLR + 2.05% 11.15%
CIC-3 (750 to 774) RLLR + 2.25% 11.35%
CIC-4 (725 to 749) & NTC RLLR + 3.15% 12.25%
CIC-5 (700 to 724) RLLR + 3.65% 12.75%
CIC-6 (680 to 699) RLLR + 4.65% 13.75%
CIC-7 (680 & Below)

Reject

❱ Consumer Durable Loan

 

Risk Grade Rate of Interest Rate Effective Rate
CIC-1 (>= 800) RLLR + 2.50% 11.60%
CIC-2 (775 to 799) RLLR + 2.60% 11.70%
CIC-3 (750 to 774) RLLR + 2.75% 11.85%
CIC-4 (725 to 749) & NTC RLLR + 3.65% 12.75%
CIC-5 (700 to 724) RLLR + 4.15% 13.25%
CIC-6 (680 to 699) RLLR + 5.05% 14.15%
CIC-7 (680 & Below)

Reject

❱ IOB Surya

IOB SURYA: Purchase/Installation of Solar Heaters,Home/Indoor Lighting Systems,Off Grid/Grid Connected Roof Top Solar system
Individual Non-Individual
Risk Grade Interest Rate Effective Rate Interest Rate Effective Rate

CIC-1 (>= 800)

RLLR

8.85

RLLR + 1.15

10.00

CIC-2 (775 to 799)

RLLR

8.85

 

 

CIC-3 (750 to 774)

RLLR

8.85

 

 

CIC-4 (725 to 749) & NTC

RLLR + 0.65

9.50

 

 

CIC-5 (700 to 724)

RLLR + 0.65

9.50

 

 

CIC-6 (680 to 699)

RLLR + 1.15

10.00

 

 

CIC-7 (680 & Below)

Reject

❱ Other Retail Schemes

Scheme Purpose Type Rate of Interest Effective Rate

IOB Akshay-Demand Loan

Loan Against LIC Policy

TERM LOAN

RLLR + 2.90

11.75

IOB Akshay-Cash Credit

Loan Against LIC Policy

CASH CREDIT

RLLR + 3.40

12.25

Sahayika

Loan Against NSC,KVP etc

TERM LOAN

RLLR + 3.40

12.25

IOB Passion

Financial assistance to people with the intent to take up an activity as a career in Arts, Sports, Music, Dance, Painting, Photography, Gardening, etc

No Collateral

RLLR + 2.40

11.25

100% Security

RLLR + 1.40

10.25

LOAN AGAINST SOVEREIGN GOLD BOND

Loan Against Gold Bonds

DEMAND LOAN

RLLR + 0.50

9.35

TERM LOAN

RLLR + 1.00

9.85

❱ Education Loan Schemes

 

VIDYA JYOTHI
Type Rate of Interest Effective Rate
INTEREST RATE FOR PUBLIC RLLR +1.65% 10.50
INTEREST RATE FOR WARDS OF STAFF AND RETIRED STAFF RLLR +0.40% 9.25

CONCESSIONS
DETAILS CONCESSION
GIRL STUDENT 0.50%
FOR INTEREST SERVICED DURING MORATORIUM 1.00%
STUDY IN INDIA
INSTITUTES RANKED UP TO 20 1.50%
INSTITUTES RANKED FROM 21 TO 50 1.00%
STUDY ABROAD
INSTITUTES RANKED UPTO 100 1.50%
INSTITUTES RANKED 101 TO 200 1.00%

VIDYA SURAKSHA
Type Rate of Interest Effective Rate

LOAN ONLY UP TO Rs 7.50 Lakh

RLLR +1.65%

10.50

VIDYA SHRESHT
Type Rate of Interest Effective Rate

A RATED INSTITUTIONS

RLLR -0.60%

8.25

B RATED INSTITUTIONS

RLLR -0.35%

8.50

IOB SCHOLAR
Type Rate of Interest Effective Rate

LOAN UP TO Rs. 7.50 Lakh

RLLR +2.20%

11.05

ABOVE Rs. 7.50 lakhs UP TO Rs. 60 Lakh

RLLR +3.20%

12.05

IOB SCHOLAR TO STAFF WARD UP TO Rs. 60 Lakh

RLLR +1.90%

10.75

Other Education Loan schemes
Type Rate of Interest Effective Rate

SKILL LOAN

RLLR +1.50%

10.35

VOCATIONAL LOANS

RLLR +3.20%

12.05

IOB CAREER DREAM UPTO Rs. 2 Lakh BY LIQUID SECURITY

RLLR +3.45%

12.30

IOB CAREER DREAM ABOVE Rs. 2 Lakh SECURED BY IMMOVABLE

RLLR +3.65%

12.50

BIHAR STUDENT CREDIT CARD SCHEME UP TO Rs. 4.00 LAKH

RLLR +2.20%

11.05

❱ Fixed Rate of Interest

 

Sr. No. SCHEME FIXED RATE OF INTEREST

1

HOUSING LOANS

11%

2

HOME ADVANTAGE

12%

3

HOUSING LOAN TOP UP

12%

4

HOME DÉCOR

13%

5

HOME IMPROVEMENT

12%

6

VEHICLE LOAN (4 Wheeler)

12%

7

VEHICLE LOAN (2 Wheeler)

13%

8

PERSONAL LOANS

14%

9

PERSONAL LOAN TOP UP

14%

10

EDUCATION AND ALLIED SCHEMES

13%

11

LOAN AGAISNT PROPERTY

13%

12

EMI BASED JL

11%

13

LOAN AGAINST SGB(EMI BASED)

12%

14

LOAN AGAISNT NSC/KVP/LIC AND OTHER MIS LIQUID SECURITIES

14%

15

PENSIONER LOAN

14%

16

IOB SURYA

14%