Last Updated on: 15/11/2024
Home >> Customers Corner >> Knowledge >> Interest Rates >> Lending Interest Rates
❱ Housing Loans:
Home Loan Interest Rate w.e.f 13.10.2023 Irrespective of the Loan Amount
Subhagruha Home Loan Including Nri Home Loan
IOB 1
RLLR-0.95%
8.40%
RLLR-0.85%
8.50%
IOB 2
RLLR-0.75%
8.60%
IOB 3
RLLR -0.80%
8.55%
RLLR-0.70%
8.65%
IOB 4
RLLR+0.30%
9.65%
RLLR+0.40%
9.75%
IOB 5
RLLR+0.45%
9.80%
RLLR+0.55%
9.90%
IOB 6
RLLR+1.15%
10.50%
RLLR+1.25%
10.60%
IOB 7
Reject
*THE ABOVE RATE OF INTERST ARE APPLICABLE FOR STATE SPECIFIC HL LIKE MOGHARA, TNBLN/AHP AND AHPAP
❱ Subhagruha CC Loans
Upto Rs. 30 Lakh
RLLR-0.55%
Above Rs. 30 Lakh to Rs. 75 Lakh
RLLR-0.45%
Above Rs. 75 Lakh
RLLR+0.70%
10.05%
❱ IOB Home Advantage
RLLR+0.25%
9.60%
RLLR+-0.50%
9.85%
RLLR+0.75%
10.10%
RLLR+0.85%
10.20%
RLLR-1.00%
10.35%
❱ Home Loan Top Up
❱ Home Improvement
BELOW Rs 2 Lakh
RLLR + 0.40%
ABOVE RS 2 Lakh Upto Rs 25 Lakh
RLLR + 0.55%
❱ Home Decor
Up to Scheme Limit
RLLR +2.95%
12.30%
❱ Vehicle Loans
For Individual Customers:
Vehicle Loan (Loan for New/ Used Cars) Interest Rate w.e.f 13.10.2023, Irrespective of the Loan Amount
FOUR WHEELER OLD/NEW
INDIVIDUALS
RLLR-0.50%
8.85%
RLLR-0.40%
8.95%
RLLR-0.35%
9.00%
RLLR+0.50%
RLLR+1.00%
REJECT
NON INDVIDUALS (if External rating is available)
EXTERNAL RATING AAA TO A
EXTERNAL RATING BBB
EXTERNAL RATING BELOW BBB
NON INDIVIDUALS (if external rating is not available)
IOB 1 TO IOB 3
Two-Wheeler Loan Interest Rates: RLLR+0.40+1.25=11% Presently
❱ Education Loans
VIDYA JYOTHI
CONCESSIONS
VIDYA SURAKSHA
VIDYA SHRESHT
IOB SCHOLAR
Other Schemes
❱ Personal Loans
CATEGORY A
CIC SCORE
RATE OF INTEREST
EFFECTIVE
775 AND ABOVE
RLLR +1.50%
10.85%
700 LESS THAN 775
RLLR +2.00%
11.35%
600 AND ABOVE LESS THAN 700 OR -1,NO HISTORY
RLLR+2.50%
11.85%
CATEGORY B
RLLR +2.50%
RLLR+3.00%
12.35%
CATEGORY C
RLLR+3.50%
12.85%
PERSONAL LOAN HNI
PERSONAL LOAN TOP UP
❱ Other Mortgaged Based Loans
Loan Against Property:
INDIVIDUAL BORROWERS:
750 and Above
RLLR+0.20(SP)+ 0.55(RP)
10.10
RLLR+0.20(SP)+ 0.80(RP)
10.35
700 to 749
RLLR+0.20(SP)+ 0.75(RP)
10.30
RLLR+0.20(SP)+1.00(RP)
10.55
650 to 699
RLLR+0.20(SP)+ 1.15(RP)
10.70
RLLR+0.20(SP)+1.40(RP)
10.95
649 & below
RLLR+0.20(SP)+ 1.65(RP)
11.20
RLLR+0.20(SP)+2.00(RP)
11.55
NTC/No Credit Score and -1 or Similar
*Applicable only for Individual Salaried Borrowers
NON-INDIVIDUAL BORROWERS: (LAP-Term Loan)
If External Rating is Available:
AAA to AA
RLLR+0.20(SP)+0.55(RP)
A
RLLR+0.20(SP)+0.75(RP)
BBB
RLLR+0.20(SP)+0.95(RP)
10.50
Below BBB
If External Rating is Not Available:
IOB 1 to IOB 3
RLLR+0.20(SP)+0.70(RP)
10.25
RLLR+0.20(SP)+1.15(RP)
RLLR+0.20(SP)+1.55(RP)
11.10
RLLR+0.20(SP)+1.75(RP)
11.30
IOB 8-10
LIQUIRENT:
❱ Other Retail Loans
IOB SURYA
750 AND ABOVE
RLLR
9.35%
700 AND 749
RLLR +0.50%
650 TO 699
RLLR +1.00%
NON INDIVIDUALS
RLLR + 1.15%
STAFF
IOB HL SURYA
JEWEL LOAN OTHERS
UPTO Rs. 50.00 Lakhs
RLLR -0.50%
AKSHAY
MCLR +3.25%
SAHAYIKA
UP TO Rs. 10 Lakh
MCLR+3.75%
12.80%
IOB PASSION
NO COLLATERAL
MCLR+2.75%
11.80%
1005 SECURITY
MCLR+1.75%
10.80%
PENSION LOAN
OTHER THAN STAFF
PENSION LOAN AND FESTIVAL ADV
STAFF F
CONSUMER LOAN
LOAN AGAINST SOVEREIGN GOLD BOND
❱ Fixed Rate of Interest
1
HOUSING LOANS
11%
2
HOME ADVANTAGE
12%
3
HOUSING LOAN TOP UP
4
HOME DÉCOR
13%
5
HOME IMPROVEMENT
6
VEHICLE LOAN (4 Wheeler)
7
VEHICLE LOAN (2 Wheeler)
8
PERSONAL LOANS
14%
9
10
EDUCATION AND ALLIED SCHEMES
11
LOAN AGAISNT PROPERTY
12
EMI BASED JL
13
LOAN AGAINST SGB(EMI BASED)
14
LOAN AGAISNT NSC/KVP/LIC AND OTHER MIS LIQUID SECURITIES
15
PENSIONER LOAN
16