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Last Updated on 18/11/2022
Consumer Durable Loan


To Purchase of Consumer durables. Consumer durables included all electrical and electronics, wooden and metal furniture etc.


All individuals with regular income is more than Rs.5000/- with maximum age limit of 60 years.

Quantum of Loan

10 times of the gross salary or 90% of the cost of article whichever is less, but not to exceed Rs. 5.00 lacs


10% on cost of the article

Rate of Interest

Retail Credit Interest Rates (Click here)


Maximum Repayable is 60 equated monthly installments without holiday period

No Pre payment charges


Hypothentication on purchase of articles out of loan and a suitable 3rdparty guarantee

Processing Charges: For up to Date Processing Charges, You are requested to kindly visit your nearest IOB Branch.