IOB EMI Calculator | IOB Car Loan, Home Loan, Personal Loan Interest Rates

You can make use of Indian Overseas Bank EMI Calculator to calculate your Equated Monthly Installments. With this EMI Calculator, you can calculate your Installments amounts very easily. Along with this, we are additionally providing the IOB Personal Loan EMI Calculator, IOB Home Loan EMI Calculator, and IOB Car Loan EMI Calculator. By using this, you can know the amount which you have to pay every month based on the type of loan you have taken from IOB. But only the Indian Overseas Bank EMI Calculator is not Sufficient to know your Monthly installments, so it is important to know the IOB Interests rates. For more information about Indian Overseas Bank EMI Calculator, refer below sections.

Indian Overseas Bank EMI Calculator

The EMI is the Equated Monthly Installments which can be paid every month. EMI is the monthly scheme you can pay a fixed amount every month to the bank. If you have the interest in applying for the loan in Indian Overseas Bank on EMI Basis. Then you can make use of the Indian Overseas Bank EMI Calculator to know your Monthly Installment Amount. Only you need to do is to enter the Loan Amount, Interest rate and Tenure period then by clicking on calculate button you will quickly know the result. Thus, refer the below sections to know how to use Indian Overseas Bank EMI Calculator by calculating on different loans. i.e. we have provided different loans calculators like Personal loan, Home loan, and Car loan.

Indian Overseas Bank is one of the major public sector banks based in Chennai. It has established in the year 10 feb 1937. The IOB has an ISO certified in-house information technology department which has developed the online services to the customers earlier. Indian Overseas Bank (IOB) also has a network of about 3300 ATMs all over India. The bank has its branches in Singapore, Hongkong, Bangkok, Dubai.

IOB EMI Calculator

Indian Overseas Bank EMI Calculator

IOB Personal Loan EMI Calculator

Do you want to apply or to take Loan from the Indian Overseas Bank? Then you need to check the below sections to know more details about the Indian Overseas Bank Personal Loan. IOB provides various benefits in taking the personal loan. Personal Loan means taking some amount as a loan from the Indian Overseas Bank in the form of EMI. After that, you have to pay some amount from starting to till the end of the tenure period. For that, you can use the IOB Personal Loan EMI Calculator which is provided below. Before applying for IOB Personal loan on EMI Scheme you need to check the eligibility conditions, documents that are to be submitted and the IOB Personal Loan Interest Rates.

How to use the IOB Personal Loan EMI Calculator

  1. Click the below link to open IOB Personal Loan EMI Calculator.
  2. Then on the next page, it opens the Indian Overseas Bank Personal Loan EMI Calculator.
  3. There you need to enter the details like Personal loan EMI amount, Interest rate, and loan tenure.
  4. Later click on th “Calculate” button.
  5. Finally, you will know the monthly wise installments which you need to pay to the bank is displayed.

IOB Personal Loan EMI Calculator

Indian Overseas Bank Personal Loan Interest Rates

Self Employed  Salaried
Interest Rates 14.90% – 15.25% 12.70% – 15.25%
Loan Tenure 12 months to 60 months 12 months to 60 months
Lowest EMI Rs. 2,260/- per lakh Rs. 2,374/- per lakh
Loan Amount Minimum of Rs.50,000/- to maximum of Rs.1,500,000/- Minimum of Rs.50,000/- to maximum of Rs.1,000,000/-
Processing Fee Rs.204/- per lakh Rs.204/- per lakh
foreclosure Charges After 1 EMI’s & Nill payments charges for prepayment After 1 EMI’s & Nill payments charges for prepayment
Prepayment Charges After 1 EMI’s After 1 EMI’s

India Overseas Bank Personal Loan Eligibility

  • The candidates should have an age limit between 21 years to below 58 years for salaried, self – employed and Business person.
  • Applicants those who are capable of repaying the loan amount.
  • Mainly the IOB will provide a Personal loan based on the income. So, the Indian Overseas Bank will ask minimum income of Rs.20,000/- per month.
  • The Applicants those who are applying for the personal loan in Indian Overseas Bank should have stability in the job and profession.

Only by satisfying the above desirable criteria are eligible to open PPF Account in Indian Overseas Bank. So, it is very important to check the conditions before you apply for the personal loan in IOB.

Documents Required for IOB Personal Loan

  • Indian Overseas Bank Personal Loan Application Form with photo and sign.
  • Voter ID Card
  • A Copy of Passport
  • Driving License
  • Processing Fee Cheque
  • Bank Statement (Last 3 months) or Bank Passbook (6 months)
  • Documents for Salaried Person
    • Salary Slip.
    • Salary certificate with the latest Form 16.
  • Documents for self – employed Persons
    • Bank Statement.
    • ITR or Form 16.

These are the list of documents which should be submitted before you have applied for Personal Loan. So, it is necessary to check these IOB Personal Loan required documents.

Types of IOB Personal Loan on EMI Scheme

  • Indian Overseas Bank Clean Loan: The Clean loan is available for Salaried Professionals who are working in reputed companies or other institutions in India. Thus, the maximum Loan amount is Rs, 15 lakhs.
  • Indian Overseas Bank Sahayika Loan: Personal Loan available for self-employed people can be used for social, financial activities like medical treatments, marriages, or for children education. Thus, the maximum amount is Rs.10 lakhs.

Benefits and features of IOB Personal Loan EMI Calculator

  • With Personal Loan, EMI Calculator of IOB will give the exact value which you need to pay every month.
  • The Indian Overseas Bank personal loans are very flexible and easy.

Indian Overseas Bank Home Loan EMI Calculator

Everyone dreams for own house. But an individual can not spend a large amount at a time to buy a house. So, the Indian Overseas Bank is offering the home loan on EMI basis at low-interest rates. Hence if you have the interest to take a Home loan from the IOB, then you are so beneficial because the IOB is proving very low-interest rates. Also with the help of IOB Home Loan EMI Calculator, with is present on our site you can know your HOME Loan EMI. Therefore first you need to check the eligibility, documents and also you can know how to use the home loan EMI Calculator from the below sections.

Steps to use Home Loan EMI Calculator of Indian Overseas Bank

  1. Click the below link to open IOB Home Loan EMI Calculator.
  2. Then on the new tab, it opens the Indian Overseas Bank home loan EMI Calculator.
  3. There you need to enter the details like Home  loan EMI amount, Interest rate, and loan tenure.
  4. Later click on th “Calculate” button.
  5. Finally, you will know the monthly wise installments which you need to pay to the bank is displayed.

Indian Overseas Bank Home Loan EMI Calculator

Indian Overseas Bank Home Loan Interest Rates (EMI)

Interest Rate 9.50% – 9.75%
Maximum Tenure Period 30 years
Lowest EMI Rs.841 per lakh
Prepayment and Foreclosure Charges it Allows with nil charge for floating rate loans
Processing Fee Up to 0.53%

IOB Home Loan Eligibility Criteria

  • Age Limit of the loan Applicants should have not more than 55 years. However, the applicants may be considered at the age of 60 provided their legal heirs join along with them.
  • The Applicants can apply for a loan by singly or jointly with the family members.
  • The Members of Co-operative Society
  • The Salaried Applicants should be in a permanent job for at least 2-3 years.
  • Also, the self – employed applicants should be in their respective fields for at least 3 years.

These are the eligible conditions need to be satisfied by the applicants who are applying for IOB Home loan. So, the individuals need to check the eligibility before applying for the home loan based on the EMI Scheme.

Documents Required for Indian Overseas Bank Home loan Baes on EMI

  • The IOB Home Loan Based on EMI Application Form
  • Salary Certificate as a proof of Income for Employed persons
  • The Professional and Business People should submit the proof of Income.
  • Agreement for sale of flat or house.
  • For cooperative societies  – Proof of the Membership
  • Construction estimates, legal option from approved engineer or lawyer, and Valuation Report.

The List which is present above need to be submitted by the applicants while they are applying for Home Loan on EMI Based scheme.

Features of IOB Home Loan on EMI Scheme

  • Thew High amount of Loan with very low-interest rates is offered by the Indian Overseas Bank.
  • IOB Housing Loan EMI can apply for the purchase of a plot in the semi-urban, urban, Municipality areas and metro corporation.
  • There are no Prepayment Charges.
  • The Non-residents can also apply for Home Loan in IOB.
  •  Indian Overseas Bank home loans on EMI basis is also given for renovations and re[airs of the house.

IOB Car Loan EMI Calculator

As everyone shows more interest to buy a car on EMI Scheme. So, the Indian Overseas Bank is providing an opportunity to buy a car on EMI Scheme. Thus, you have to know all the details about IOB Pushpaka Loan EMI Calculator, Documents required and eligibility criteria to apply for the Car loan on EMI Scheme. Therefore we have provided Indian Overseas Bank EMI Calculator for the Car loan to calculate every month installments amount. By following the below steps, you can use the EMI Calculator and know the monthly installment amount within seconds.

How to use the IOB Pushpaka Loan EMI Calculator?

  1. Click the below link to open IOB Car Loan EMI Calculator.
  2. Then on the new tab, it opens the Indian Overseas Bank EMI Calculator of Car Loan.
  3. There you need to enter the details like Car loan EMI amount, Interest rate, and loan tenure.
  4. Later click on th “Calculate” button.
  5. Finally, you will know the monthly wise installments which you need to pay to the bank is displayed.

IOB Pushpaka Loan EMI Calculator

Indian Overseas Bank Car Loan EMI Calculator

Charges Details Amount Details
The Floating interest rate 10.40% per annum
Processing fee for the loan above Rs. 2 lakhs Rs.134/- in rural areas as per Rs. 1 lakh and Rs.168 in other areas per Rs.1 lakh.
Processing fee for the loan up to Rs. 2 lakhs Rs 168/- for other areas and Rs.134/- for rural areas.
The Foreclosure charges Not given
The Prepayment charges Not mentioned

Check Eligibility To Apply for IOB Car Loan on EMI

  • All the individuals who are between the age 21 years and 65 years are eligible to apply for the Indian Overseas Bank New Car Loan Scheme.
  • The Candidates who are having Permanent employment in a government office, in Public Sector undertaking, or in a reputed private enterprise or a self-employed professional.
  • Also, the non-resident Indian can also apply for the Car loan.
  • The Loan can be applied in the name of firm or company.

Documents Required to apply for IOB Pushpaka Loan on EMI

  • Indian Overseas Bank Car Loan Application form.
  • The applicant’s salary certificate.
  • The Proof of Income, the applicants can submit IT Return or Assessment order.
  • For a new car or new two wheeler – Proforma Invoice /Quotation.
  • For used Car – the Valuation Certificate from two reputed auto dealers.

Benefits and Features of IOB Pushpaka Loan on EMI Scheme

Here are the some advantages and features of Indian Overseas Bank on car loan Based on EMI Scheme. By knowing these features, you can know the clearly about car loan in Indian Overseas Bank.

  • The IOB finances up to 90% of the new car value for all the applicants or customers.
  • It does not impose any pre-closure charges for the candidates looking to prepay their Indian Overseas Car Loans.
  • Also, there is Flexible Repayment Tenure.

For more details regarding the Indian Overseas Bank EMI such as EMI Interest rates, Indian Overseas Bank EMI Calculator, New EMI Schemes in IOB, etc. can regularly visit our site www.emicalculators.co.in

Updated: March 31, 2017 — 11:31 am

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