Last Updated on 10/07/2020
Retail Credit Interest Rates

RETAIL SCHEMES INTEREST RATES

One year MCLR rate is 7.75 effective from 10.07.2020

REPO RATE (wef 01.11.2019) - 4.40

MARKUP - 2.85

RLLR - 7.25

MCLR - 8.25


MCLR RATE (wef 10.08.2019)

Schemes RLLR/MCLR Spread INT RATE
IOB SURYA - INDIVIDUALS RLLR 1.45 #REF!
HOUSING LOANS
UPTO RS 30.00 LACS RLLR 0.20 #REF!
> RS 30.00 LACS TO RS 75.00 LACS RLLR 0.30 #REF!
ABOVE RS 75.00 LACS RLLR 0.45 #REF!
SUBHAGRUHA TOP UP LOANS
UPTO RS 1.00 CR RLLR 2.40 #REF!
ABOVE RS 1.00 CR RLLR 2.90 #REF!
HOME IMPROVEMENT 
UPTO RS 2.00 LACS RLLR 0.40 #REF!
ABOVE RS 2.00 LACS RLLR 0.55 #REF!
HOME DÉCOR RLLR 2.95 #REF!
EDUCATIONAL LOANS
VIDYA SURAKSHA RLLR 2.20 #REF!
VIDYA JYOTI RLLR 3.20 #REF!
VIDYAJYOTI - WARD OF STAFF RLLR 1.90 #REF!
SKILL LOAN RLLR 1.70 #REF!
VIDYA SHREST
A RATED INSTITUTIONS RLLR 0.40 #REF!
B RATED INSTITUTIONS RLLR 0.90 #REF!
IOB SCHOLAR
UPTO RS 7.50 LACS RLLR 2.20 #REF!
ABOVE RS 7.50 LACS RLLR 3.20 #REF!
STAFF WARD RLLR 1.90 #REF!
BIHAR STUDENT CREDIT CARD SCHEME
UPTO RS 4.00 LACS RLLR 2.20 #REF!
STAFF WARD RLLR 1.95 #REF!
NCT DELHI SCHEME RLLR 2.20 #REF!
IOB CAREER DREAM
LOANS SECURED BY LIC/KVP/NSC ETC RLLR 3.45 #REF!
LOANS WITHOUT SECURITY/IMMOVABLE PROPERTY RLLR 3.95 #REF!
PUSHPAKA
TWO WHEELER RLLR 3.20 #REF!
FOUR WHEELER - NEW RLLR 0.70 #REF!
FOUR WHEELER - USED - UPTO RS 10.00 LACS RLLR 1.70 #REF!
FOUR WHEELER - USED - ABOVE RS 10.00 LACS RLLR 2.70 #REF!
IOB ROYAL
REPAYMENT LESS THAN 4 YEARS RLLR 4.45 #REF!
REPAYMENT ABOVE 4 YEARS RLLR 5.20 #REF!
CLEAN LOAN RLLR 5.20 #REF!
LOAN AGAINST PROPERTY
UPTO RS 1.00 CR MCLR 2.20 #REF!
ABOVE RS 1.00 CR MCLR 2.70 #REF!
LIQUIRENT
UPTO 36 MONTHS MCLR 2.70 #REF!
ABOVE 36 MONTHS MCLR 3.20 #REF!
AKSHAY MCLR 3.25 #REF!
SAHAYIKA MCLR 3.75 #REF!
IOB PASSION MCLR 2.75 #REF!
PENSIONERS LOAN SCHEME MCLR 2.75 #REF!
PENSIONER LOAN FA MCLR 1.75 #REF!
PERSONAL LOAN/SPL PERSONAL LOAN TO HNI MCLR 3.25 #REF!
JEWEL LOAN OTHERS
UPTO RS 3.00 LACS MCLR 1.70 #REF!
ABOVE RS 3.00 LACS MCLR 2.20 #REF!