Last Updated on 17/11/2022
Lending_Interest_Rates

  • REPO Rate (w.e.f 10.10.2022) - 5.90%
  • MARKUP - 2.85
  • RLLR (w.e.f 10.10.2022) – 8.75%
  • One Year MCLR w.e.f 10.11.2022: 8.05%

  • Schemes RLLR / MCLR Spread Interest Rate

    IOB SURYA - INDIVIDUALS

    RLLR

    1.45

    10.2

    HOUSING LOANS

    UPTO Rs. 30.00 LACS

    RLLR

    0.20%

    8.95%*

    Above Rs. 30.00 Lacs to Rs. 49.99 Lacs

    RLLR

    0.30%

    9.05%*

    Interest Concession Available to Women Borrower*

    Rs. 50.00 LACS AND ABOVE

    STARTS @ 8.50% FINAL PRICING WILL BE BASED ON INTERNAL SCORING MODEL OF THE BANK.

    SUBHAGRUHA TOP UP LOANS

    Upto Rs. 30.00 Lakhs

    RLLR

    2.30%

    11.05%

    Above Rs. 30.00 Lakhs to Rs. 1.00 Crore

    RLLR

    2.25%

    11.00%

    Above Rs. 1.00 Crore

    RLLR

    2.75%

    11.50%

    HOME IMPROVEMENT

    Upto Rs. 2.00 Lakhs

    RLLR

    0.30%

    9.05%

    ABOVE Rs. 2.00 LACS

    RLLR

    0.45%

    9.20%

    Home Décor

    Upto Scheme Limit

    RLLR

    2.85%

    11.60%

    IOB Home Advantage Scheme

    Upto Rs. 30.00 Lacs

    RLLR

    1.60%

    10.35%

    Above Rs. 30.00 Lacs to Rs. 75.00 Lacs

    RLLR

    1.65%

    10.40%

    Above Rs. 75.00 Lacs

    RLLR

    1.80%

    10.55%

    Subhagruha CC Loans

     

     

     

    Upto Rs. 30.00 Lacs

    RLLR

    0.35%

    9.10%

    Above Rs. 30.00 to Rs. 75.00 Lacs

    RLLR

    0.40%

    9.15%

    Above Rs. 75.00 Lacs

    RLLR

    0.55%

    9.30%

    EDUCATIONAL LOANS

    VIDYA SURAKSHA

    RLLR

    2.2

    10.95

    VIDYA JYOTI

    RLLR

    3.2

    11.95

    VIDYAJYOTI - WARD OF STAFF

    RLLR

    1.9

    10.65

    SKILL LOAN

    RLLR

    1.7

    10.45

    VIDYA SHREST

    A RATED INSTITUTIONS

    RLLR

    0.4

    9.15

    B RATED INSTITUTIONS

    RLLR

    0.9

    9.65

    IOB SCHOLAR

    UPTO Rs. 7.50 LACS

    RLLR

    2.2

    10.95

    ABOVE Rs. 7.50 LACS

    RLLR

    3.2

    11.95

    STAFF WARD

    RLLR

    1.9

    10.65

    BIHAR STUDENT CREDIT CARD SCHEME

    UPTO Rs. 4.00 LACS

    RLLR

    2.2

    10.95

    STAFF WARD

    RLLR

    1.95

    10.7

    NCT DELHI SCHEME

    RLLR

    2.2

    10.95

    IOB CAREER DREAM

    LOANS SECURED BY LIC/KVP/NSC ETC

    RLLR

    3.45

    12.2

    LOANS WITHOUT SECURITY/IMMOVABLE PROPERTY

    RLLR

    3.95

    12.7

    VEHICLE LOAN*

    TWO WHEELER

    RLLR

    3.2

    11.95

    FOUR WHEELER - NEW

    RLLR

    0.7

    9.45

    FOUR WHEELER - USED - UPTO Rs. 10.00 LACS

    RLLR

    1.7

    10.45

    FOUR WHEELER - USED - ABOVE Rs. 10.00 LACS

    RLLR

    2.7

    11.45

    PERSONAL LOAN TO HNIs**

    REPAYMENT LESS THAN 4 YEARS

    RLLR

    3.15

    11.9

    REPAYMENT ABOVE 4 YEARS

    RLLR

    3.65

    12.4

    PERSONAL LOAN**

    PERSONAL LOAN CATEGORY-A

    RLLR

    3.15

    11.9

    PERSONAL LOAN CATEGORY-B

    RLLR

    3.65

    12.4

    PERSONAL LOAN CATEGORY-C

    RLLR

    4.15

    12.9

    LOAN AGAINST PROPERTY***

    UPTO Rs. 1.00 CRORE

    MCLR

    2.2

    10.25

    ABOVE Rs. 1.00 CRORE

    MCLR

    2.7

    10.75


    Rate of Interest for Various Jewel Loan Schemes Charged by Our Bank

    Types of Jewel Loan Schemes

    SLAB

    ROI

    KCCJL

    (Agricultural Jewel Loan)

    Up to Rs. 3 Lacs

    With Interest subvention under KCC

    7% (for prompt payment additional subvention of 3%)

    Without interest subvention

    MCLR+0.90%

    Above Rs. 3 Lacs up to Rs. 10 Lacs

    MCLR+2.50%

    AGTAJ

    (Agriculture Term Loan - Jewellery)

    Maximum Up to Rs. 25 Lacs

    RLLR+0.20%

    JL-Others

    (Jewel Loan - Others)

    Maximum Up to Rs. 25 Lacs

    RLLR+0.55%

    JLSWL

    (IOB Swarnalakshmi)

    Up to Rs. 3 Lacs

    MCLR+1.40%

    Above Rs. 3 Lacs up to Rs. 5 Lacs

    MCLR+1.90%

    JLSME

    (Jewel Loan SME)

    Up to Rs. 2 Lacs

    RLLR+0.80%

    Above Rs. 2 Lacs up to Rs. 5 Lacs

    RLLR+2.05%


    • *0.50% Special Interest Concession to Borrowers with CIC Score of 800 and above, 0.20% To borrowers for financing Electirc 4 Wheelers and 0.20% to existing Housing Loan Borrowers of IOB. (T&Cs Apply)

    • **1.00% Special Interest Concession to Borrowers with CIC Score of 800 and above. (T&Cs Apply)

    • ***1.00% Special Interest Concession to Borrowers with CIC Score of 800 and above. (T&Cs Apply)