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Old December 13th, 2012, 10:23 AM
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Default Indian Overseas Bank Loan Interest Rates

Tell me please about the interest rate of house loan of Indian Overseas Bank because I want to take loan from this bank so want to know about interest rate of its loan so if you know about this then tell me about this
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Old December 13th, 2012, 03:29 PM
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Default Re: Indian Overseas Bank Loan Interest Rates

Indian Overseas Bank Loan Interest Rates are different-different for the all types of the loan

Interest rates of the house loan:

Payment Options Interest rates % p.a.

Repayment * Up to 5 years > 5 to 10 yrs >10 to 20 yrs
Up to Rs.30 lakh 10.50 10.50
10.50

Over 30 lakh 11.50
11.00 11.25


0.50% interest concession is allowed for loans above RS. 30 lakhs, where the margin offered is 25%
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