Lending_Interest_Rates

Last Updated on: 14/11/2023

Lending_Interest_Rates

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  • a. Repo Rate to be updated w.e.f 08.02.2023 as 6.50%
  • b. Markup: 2.85%
  • c. RLLR (w.e.f 08.02.2023) - 9.35%
  • d. The Effective Base Rate will be 9.45% with Effect from 15.11.2023 until further review.
  • e. One Year MCLR w.e.f 15.08.2023 8.70%

Schemes RLLR / MCLR Spread (%) Interest Rate (%)
IOB SURYA - INDIVIDUALS RLLR 1.45 10.8
HOUSING LOANS
UPTO Rs. 24.99 LACS RLLR 0.2 9.55
Rs. 25.00 LACS and Above STARTS @ 8.85% FINAL PRICING WILL BE BASED ON INTERNAL SCORING MODEL OF THE BANK.
*The ROI for Fresh Housing Loans now starts at just 8.40% (Only Fresh Loans) based on internal rating and differential ROI is applicable based on Salaried/Non-Salaried category of Borrowers irrespective of the loan amount. (Applicable on Subhagruha Housing Loans, Special Housing Loan Schemes wherever interest is linked to Subhagruha Housing Loan, Gen Next Housing Loan and NRI Housing Loan schemes only.)
HOUSING TOP UP LOANS (Existing Loans)
Up to Rs. 1.00 Crore RLLR 2.4 11.75
Above Rs. 1.00 Crore RLLR 2.9 12.25
*The interest rate for Fresh Housing Top up loans will be as per internal credit rating model of the Bank
HOME IMPROVEMENT
Upto Rs. 2.00 Lakhs RLLR 0.3 9.65
ABOVE Rs. 2.00 LACS RLLR 0.45 9.8
Home Décor
Upto Scheme Limit RLLR 2.85 12.2
IOB Home Advantage Scheme
Upto Rs. 30.00 Lacs RLLR 1.6 10.95
Above Rs. 30.00 Lacs to Rs. 75.00 Lacs RLLR 1.65 11
Above Rs. 75.00 Lacs RLLR 1.8 11.15
Subhagruha CC Loans      
Upto Rs. 30.00 Lacs RLLR 0.35 9.7
Above Rs. 30.00 to Rs. 75.00 Lacs RLLR 0.4 9.75
Above Rs. 75.00 Lacs RLLR 0.55 9.9
EDUCATIONAL LOANS
VIDYA SURAKSHA RLLR 2.2 11.55
VIDYA JYOTI RLLR 3.2 12.55
VIDYAJYOTI - WARD OF STAFF RLLR 1.9 11.25
SKILL LOAN RLLR 1.7 11.05
VIDYA SHREST
A RATED INSTITUTIONS RLLR 0.4 9.75
B RATED INSTITUTIONS RLLR 0.9 10.25
IOB SCHOLAR
UPTO Rs. 7.50 LACS RLLR 2.2 11.55
ABOVE Rs. 7.50 LACS RLLR 3.2 12.55
STAFF WARD RLLR 1.9 11.25
BIHAR STUDENT CREDIT CARD SCHEME
UPTO Rs. 4.00 LACS RLLR 2.2 11.55
STAFF WARD RLLR 1.95 11.3
NCT DELHI SCHEME RLLR 2.2 11.55
IOB CAREER DREAM
LOANS SECURED BY LIC/KVP/NSC ETC RLLR 3.45 12.8
LOANS WITHOUT SECURITY/IMMOVABLE PROPERTY RLLR 3.95 13.3
VEHICLE LOAN*
TWO WHEELER RLLR 3.2 12.55
FOUR WHEELER (Loans Less than Rs. 10.00 Lacs)* RLLR 0.7 10.05
*Upto 0.50% Special Interest Concession to Borrowers with CIC Score of 750 and above, 0.20% To borrowers for financing Electirc 4 Wheelers and 0.20% to existing Housing Loan Borrowers of IOB. (T&Cs Apply)
FOUR WHEELER (Loans of Rs. 10.00 Lacs and above) STARTS @ 8.85% FINAL PRICING WILL BE BASED ON INTERNAL SCORING MODEL OF THE BANK.
LOAN AGAINST PROPERTY*** (Existing Loans)
UPTO Rs. 1.00 CRORE MCLR 2.2 10.90
ABOVE Rs. 1.00 CRORE MCLR
 2.7 11.40
*The interest rate for Fresh Loan against property will be as per internal credit rating model of the Bank

PERSONAL LOAN TO HNIs
-

Maximum Quantum

 -

ROI

HNI < 4 Years

15 Lakhs

Upto 5 Lakh

RLLR

3.15

12.50

HNI > 4 Years

15 Lakhs

Above 5 lakhs

RLLR

3.65

13.00

PERSONAL LOAN TOP UP
   

CIC Score (Credit Vision Score)

      

Personal Loan Top up

7.5 lakhs

775 & above

RLLR

2.15

11.50

Personal Loan Top up

7.5 lakhs

700 & above but less than 775

RLLR

2.65

12.00

PERSONAL LOAN

Personal Loan

Personal Loan

CIC Score (Credit Vision Score)

RLLR

-

-

PERSONAL LOAN CATEGORY-A

30 Lakhs

775 & above

RLLR

1.50

10.85

-

30 Lakhs

700 & above but less than 775

RLLR

2.00

11.35

-

30 Lakhs

600 & above but less than 700 or -1 and/or No credit history

RLLR

2.50

11.85

PERSONAL LOAN CATEGORY-B

30 Lakhs

775 & above

RLLR

2.00

11.35

-

30 Lakhs

700 & above but less than 775

RLLR

2.50

11.85

-

30 Lakhs

600 & above but less than 700 or -1 and/or No credit history

RLLR

3.00

12.35

PERSONAL LOAN CATEGORY-C

15 Lakhs

775 & above

RLLR

2.50

11.85

-

15 Lakhs

700 & above but less than 775

RLLR

3.00

12.35

-

15 Lakhs

600 & above but less than 700 or -1 and/or No credit history

RLLR

3.50

12.85

 

 

 

 

 

 

Types of Jewel Loan Schemes SLAB ROI

KCCJL

Up to Rs. 3 Lacs
(With Interest Subvention under KCC)

7% (For Prompt Payment Additional Subvention of 3%)

(Agricultural Jewel Loan)

Up to Rs. 3 Lacs
(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 - 0.85%

JL-Others

(Jewel Loan - Others)

Maximum Up to Rs. 25 Lacs

RLLR+0.55%

JLSWL

Up to Rs. 3 Lacs

MCLR+1.40%

(IOB Swarnalakshmi)

Above Rs. 3 Lacs up to Rs. 5 Lacs

MCLR+1.90%

JLSME

Up to Rs. 2 Lacs

RLLR+0.80%

(Jewel Loan SME)

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 electric 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).