Personal loan from iob

Personal loan from iob | Best Interest Rate Indian Overseas Bank Personal Loan Offer 2023

Personal Loan From Iob :-

BankInterest RatesProcessing Fees
Allahabad Bank10.50% to 12.99%1.60% of the Loan Amount
Andhra Bank11.55% to 13.05%As offered by the lender
Axis Bank10.75% to 24%1.50% to 2.00 % + GST
Bajaj FinservStarting from 12.99%Up to 3.99% of the loan amount
Bank of Baroda11.35% to 16.35%2% of the loan amount
Bank of IndiaStarting from 13.10%One time @ 2.00% of loan amount
Bank of MaharashtraStarting from 12.5%1.00% of the Loan Amount
Canara Bank13.00% to 16.50%0.5% of the Loan Amount
Central BankMCLR (12M) + 3.00%Rs 500 + S.T
CitibankStarting from 9.99%Upto 2.75% of loan amount
Corporation Bank12.95% to 13.95%1.50% of the loan amount
Federal BankStarting from 11.49%0.50% of loan amount
Fullerton IndiaStarting from 13%Upto 6.5% of the loan amount
HDFC Bank10.25% to 21.50%Up to 2.50% of the loan amount
HSBC Bank9.75% to 17.84%Up to 1% of the disbursed loan amount
ICICI Bank10.50% to 19.25%Up to 2.25% per annum of loan amount
IDBI BankStarting from 12%1% of the Loan Amount
IDFC FirstStarting from 10.5%Up to 2% of the loan amount
Indian BankStarting from 14.20%0.51% on the Loan Amount
IndusInd BankStarting from 10.75%Upto 2.5% of the loan amount plus tax
Kotak Mahindra Bank10.29% to 19.99%Up to 2.5% of the loan amount + GST
Faircent finance16.50%As applicable by the lender
Punjab National BankStarts from 12%1.80% of the loan amount
RBL BankStarting from 12%4% of the loan amount
Standard Chartered BankStarting from 11.99%Upto 3% of the loan amount
State Bank of IndiaStarting from 11%1% of the loan amount
Syndicate Bank13.25% to 13.65%0.50% of the loan amount
TATA CapitalStarting from 10.25%Up to 2.5% of the loan amount + GST
I2i finance ltdStarting from 18.00%1% of the loan amount
Union Bank of IndiaStarting from 14.40%0.50% of the total Loan
Yes BankStarting from 10.75%Up to 2.50% of the loan amount

Personal loans are a great way to finance your dreams. From starting a business to buying a home, personal loans allow you to access funds quickly and easily. But where do you go for the best personal loan? One answer is Indian Overseas Bank (IOB). With its attractive interest rates, flexible repayment terms and customized loan amounts, IOB has become one of the most popular choices for those seeking a personal loan. In this blog post, we look at how IOB’s personal loan works and why it might be the right fit for you.

What is a personal loan from iob?

A personal loan from iob is a loan that can be used for a variety of purposes, including consolidating debt, paying for unexpected expenses, or financing a large purchase. Personal loans from iob typically have lower interest rates than credit cards, so they can be a good option if you need to borrow money. There are a few things to consider before taking out a personal loan from iob, such as whether you’ll be able to afford the monthly payments and whether you have good enough credit to qualify for the best interest rates.

How do personal loans from iob work?

If you’re looking for a personal loan from iob, the process is pretty simple. All you need to do is fill out an online application and provide some basic information about yourself and your finances. Once your application is approved, you’ll receive a loan offer from iob with terms and conditions that you’ll need to review and agree to. If everything looks good, you’ll be able to sign the loan agreement electronically and have the funds deposited into your account as soon as the next business day.

The great thing about personal loans from iob is that they can be used for just about anything – whether you’re consolidating debt, paying for a major purchase, or covering unexpected expenses. And because iob offers competitive rates and flexible repayment terms, getting a personal loan from them is a smart way to manage your finances and keep your budget on track.

Pros and cons of personal loans from iob

There are many personal loan products available on the market, each with its own set of pros and cons. Here we will take a look at the personal loan from iob in particular, to help you decide if it is the right option for you.


The personal loan from iob offers a number of advantages, including:

– flexible repayment options to suit your budget and lifestyle;

– competitive interest rates;

– no hidden fees or charges;

– fast and easy online application process.


However, there are also some potential drawbacks to be aware of before you apply for a personal loan from iob, including:

– you may be required to provide collateral if you have a poor credit history;

– the maximum loan amount is relatively low compared to other lenders;

– there is no grace period for repayments, so you will need to start making payments immediately.

How to apply for a personal loan from iob

There are a few things you need to take care of before applying for a personal loan from iob. Firstly, make sure you have all the required documents ready with you. These include your ID proof, income proof, bank statements, and KYC documents. Secondly, check your CIBIL score and make sure it is within the acceptable range. Thirdly, calculate your eligibility and EMIs using a personal loan eligibility calculator. Fourthly, read through the terms and conditions of the loan agreement carefully before signing it. And finally, submit your application form along with all the required documents to the nearest iob branch.

Alternatives to personal loans from iob

There are a few alternatives to personal loans from iob. You could look into getting a loan from a different bank, or from a private lender. There are also some government programs that offer loans to low-income earners. You should compare the interest rates, fees, and repayment terms of each option before you decide which one is right for you.


Taking out a personal loan from Indian Overseas Bank can be an easy and convenient way to finance your needs. With competitive interest rates, flexible repayment options, and no hidden fees or charges, IOB offers many benefits that make it a great choice for anyone looking to get a personal loan. So if you’re in the market for financing, I recommend considering taking out a personal loan from Indian Overseas Bank.

Click Here To Apply Personal Loan From IOB