Home > Retail > Retail Credit Interest Rates
Last Updated on 25/01/2022
Retail Credit Interest Rates

  • REPO Rate (wef 01.11.2019) - 4.40
  • MARKUP - 2.85
  • One Year MCLR Rate is 7.45 Effective from 10.11.2020
  • Retail Schemes Interest Rates
  • RLLR (w.e.f 01.07.2020) - 6.85
  • MCLR Rate (w.e.f 10.11.2020) - 7.45

 

Schemes RLLR/MCLR Spread INTEREST RATE
IOB SURYA - INDIVIDUALS RLLR 1.45 8.30
HOUSING LOANS
UPTO RS. 30.00 LACS RLLR 0.20 7.05
> RS. 30.00 LACS TO RS. 75.00 LACS RLLR 0.30 7.15
ABOVE RS. 75.00 LACS RLLR 0.45 7.30
SUBHAGRUHA TOP UP LOANS
UPTO RS. 1.00 Crore RLLR 2.40 9.25
ABOVE RS. 1.00 Crore RLLR 2.90 9.75
HOME IMPROVEMENT
UPTO RS. 2.00 LACS RLLR 0.40 7.25
ABOVE RS. 2.00 LACS RLLR 0.55 7.40
HOME DÉCOR RLLR 2.95 9.80
EDUCATIONAL LOANS
VIDYA SURAKSHA RLLR 2.20 9.05
VIDYA JYOTI RLLR 3.20 10.05
VIDYAJYOTI - WARD OF STAFF RLLR 1.90 8.75
SKILL LOAN RLLR 1.70 8.55
VIDYA SHREST
A RATED INSTITUTIONS RLLR 0.40 7.25
B RATED INSTITUTIONS RLLR 0.90 7.75
IOB SCHOLAR
UPTO RS. 7.50 LACS RLLR 2.20 9.05
ABOVE RS. 7.50 LACS RLLR 3.20 10.05
STAFF WARD RLLR 1.90 8.75
BIHAR STUDENT CREDIT CARD SCHEME
UPTO RS. 4.00 LACS RLLR 2.20 9.05
STAFF WARD RLLR 1.95 8.80
NCT DELHI SCHEME RLLR 2.20 9.05
IOB CAREER DREAM
LOANS SECURED BY LIC/KVP/NSC ETC RLLR 3.45 10.30
LOANS WITHOUT SECURITY/IMMOVABLE PROPERTY RLLR 3.95 10.80
VEHICLE LOAN*
TWO WHEELER RLLR 3.20 10.05
FOUR WHEELER - NEW RLLR 0.70 7.55
FOUR WHEELER - USED - UPTO RS. 10.00 LACS RLLR 1.70 8.55
FOUR WHEELER - USED - ABOVE RS. 10.00 LACS RLLR 2.70 9.55
PERSONAL LOAN TO HNIs**
REPAYMENT LESS THAN 4 YEARS RLLR 3.15 10.00
REPAYMENT ABOVE 4 YEARS RLLR 3.65 10.50
PERSONAL LOAN**
PERSONAL LOAN CATEGORY-A RLLR 3.15 10.00
PERSONAL LOAN CATEGORY-B RLLR 3.65 10.50
PERSONAL LOAN CATEGORY-C RLLR 4.15 11.00
LOAN AGAINST PROPERTY***
UPTO RS. 1.00 CR MCLR 2.20 9.65
ABOVE RS. 1.00 CR MCLR 2.70 10.15
LIQUIRENT
UPTO 36 MONTHS MCLR 2.70 10.15
ABOVE 36 MONTHS MCLR 3.20 10.65
AKSHAY MCLR 3.25 10.70
SAHAYIKA MCLR 3.75 11.20
IOB PASSION MCLR 2.75 10.20
PENSIONERS LOAN SCHEME MCLR 2.75 10.20
PENSIONER LOAN FA MCLR 1.75 9.20
CONSUMER DURABLE LOAN/ELITE CONSUMER DURABLE LOAN MCLR 3.25 10.70
JEWEL LOAN (OTHERS) RLLR 0.55 7.40
*0.50% Special Interest Concession to Borrowers with CIC Score of 800 and above, 0.20% To borrowers for financing Electirc 4 Wheelers and 0.20% to existing Housing Loan Borrowers of IOB (T&Cs Apply).
**1.00% Special Interest Concession to Borrowers with CIC Score of 800 and above.(T&Cs Apply).
***1.00% Special Interest Concession to Borrowers with CIC Score of 800 and above.(T&Cs Apply).