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Lending_Interest_Rates

Last Updated on: 11/02/2025

Lending_Interest_Rates

Home >> Customers Corner >> Knowledge >> Interest Rates >> Lending Interest Rates

  • a. Repo Rate to be updated w.e.f 07.02.2025 as 6.25%
  • b. Markup: 2.85%
  • c. RLLR (w.e.f 11.02.2025) - 9.10%
  • d. The Effective Base Rate will be 10.00% with Effect from 15.08.2024 until further review
  • e. One Year MCLR w.e.f 15.01.2025 will be 9.10%

❱ Housing Loans:

Housing Loan (Subhagruha Home Loan,NRI Home Loan,Subhagruha Gen Next & HL Surya)
Term Loan Salaried Non-Salaried
Risk Grade Rate of Interest Rate Effective Rate Rate of Interest Rate Effective Rate

CIC-1 (>= 800)

RLLR - 0.95%

8.15%

RLLR - 0.85%

8.25%

CIC-2 (775 to 799)

RLLR - 0.95%

8.15%

RLLR - 0.85%

8.25%

CIC-3 (750 to 774)

RLLR - 0.85%

8.25%

RLLR - 0.75%

8.35%

CIC-4 (725 to 749) & NTC

RLLR - 0.75%

8.35%

RLLR - 0.65%

8.45%

CIC-5 (700 to 724)

RLLR - 0.75%

8.35%

RLLR - 0.65%

8.45%

CIC-6 (680 to 699)

RLLR - 0.45%

8.65%

RLLR - 0.35%

8.75%

CIC-7 (680 & Below)

Reject

❱ Subhagruha Cash Credit

Subhagruha Cash Credit
Cash Credit Salaried
Risk Grade Rate of Interest Rate Rate of Interest Rate

CIC-1 (>= 800)

RLLR - 0.45%

8.65

CIC-2 (775 to 799)

RLLR - 0.45%

8.65

CIC-3 (750 to 774)

RLLR - 0.35%

8.75

CIC-4 (725 to 749) & NTC

RLLR - 0.25%

8.85

CIC-5 (700 to 724)

RLLR - 0.25%

8.85

CIC-6 (680 to 699)

RLLR + 0.05%

9.05

CIC-7 (680 & Below)

Reject

❱ IOB Home Advantage

IOB Home Advantage This scheme is caters to who already own two or more residential properties.
Term Loan Term Loan
Risk Grade Rate of Interest Rate Rate of Interest Rate

CIC-1 (>= 800)

RLLR + 1.05%

10.15%

CIC-2 (775 to 799)

RLLR + 1.10%

10.20%

CIC-3 (750 to 774)

RLLR + 1.15%

10.25%

CIC-4 (725 to 749) & NTC

RLLR + 1.25%

10.35%

CIC-5 (700 to 724)

RLLR + 1.45%

10.55%

CIC-6 (680 to 699)

RLLR + 1.65%

10.75%

CIC-7 (680 & Below)

Reject

❱ Loan Against Property

Individual Term Loan Non-Individual Term Loan
Risk Grade Rate of Interest Rate Effective Rate Risk Grade Rate of Interest Rate Effective Rate

CIC-1 (>= 800)

RLLR + 1.05%

10.15%

IOB1 or AAA

RLLR + 1.05%

10.15%

CIC-2 (775 to 799)

RLLR + 1.10%

10.20%

IOB2 or AA

RLLR + 1.10%

10.20%

CIC-3 (750 to 774)

RLLR + 1.15%

10.25%

IOB3 or A

RLLR + 1.25%

10.35%

CIC-4 (725 to 749) & NTC

RLLR + 1.25%

10.35%

IOB4 or BBB

RLLR + 1.45%

10.55%

CIC-5 (700 to 724)

RLLR + 1.45%

10.55%

IOB5 or BB

RLLR + 2.05%

11.15%

CIC-6 (680 to 699)

RLLR + 1.65%

10.75%

IOB6 & Below

Reject

CIC-7 (680 & Below)

Reject


❱ Liquirent

Individual Term Loan Non-Individual Term Loan
Risk Grade Rate of Interest Rate Effective Rate Risk Grade Rate of Interest Rate Effective Rate

CIC-1 (>= 800)

RLLR + 1.05%

10.15%

IOB1 or AAA

RLLR + 1.05%

10.15%

CIC-2 (775 to 799)

RLLR + 1.10%

10.20%

IOB2 or AA

RLLR + 1.10%

10.20%

CIC-3 (750 to 774)

RLLR + 1.15%

10.25%

IOB3 or A

RLLR + 1.25%

10.35%

CIC-4 (725 to 749) & NTC

RLLR + 1.25%

10.35%

IOB4 or BBB

RLLR + 1.45%

10.55%

CIC-5 (700 to 724)

RLLR + 1.45%

10.55%

IOB5 or BB

RLLR + 2.05%

11.15%

CIC-6 (680 to 699)

RLLR + 1.65%

10.75%

IOB6 & Below

Reject

CIC-7 (680 & Below)

Reject

❱ Reverse Mortgage Loan

Individual Term Loan
Risk Grade Rate of Interest Rate Effective Rate

CIC-1 (>= 800)

RLLR + 1.05%

10.15%

CIC-2 (775 to 799)

RLLR + 1.10%

10.20%

CIC-3 (750 to 774)

RLLR + 1.15%

10.25%

CIC-4 (725 to 749) & NTC

RLLR + 1.25%

10.35%

CIC-5 (700 to 724)

RLLR + 1.45%

10.55%

CIC-6 (680 to 699)

RLLR + 1.65%

10.75%

CIC-7 (680 & Below)

Reject

❱ Topup Loans

TOP UP LOAN (Subhagruha & NRI Topup Loan)
Individual Term Loan
Risk Grade Rate of Interest Rate Effective Rate

CIC-1 (>= 800)

RLLR + 1.05%

10.15%

CIC-2 (775 to 799)

RLLR + 1.10%

10.20%

CIC-3 (750 to 774)

RLLR + 1.15%

10.25%

CIC-4 (725 to 749) & NTC

RLLR + 1.25%

10.35%

CIC-5 (700 to 724)

RLLR + 1.45%

10.55%

CIC-6 (680 to 699)

RLLR + 1.65%

10.75%

CIC-7 (680 & Below)

Reject

❱ Home Improvement Scheme

HOME IMPROVEMENT SCHEME For meeting expenses for repair / renovation / up gradation of existing house / flat in the name of borrower. (Ex., Painting, building a compound wall, flooring / tiling, replacement of doors / windows, wiring, etc.).
Individual Term Loan
Risk Grade Rate of Interest Rate Effective Rate

CIC-1 (>= 800)

RLLR + 1.05%

10.15%

CIC-2 (775 to 799)

RLLR + 1.10%

10.20%

CIC-3 (750 to 774)

RLLR + 1.15%

10.25%

CIC-4 (725 to 749) & NTC

RLLR + 1.25%

10.35%

CIC-5 (700 to 724)

RLLR + 1.45%

10.55%

CIC-6 (680 to 699)

RLLR + 1.65%

10.75%

CIC-7 (680 & Below)

Reject

❱ Home Décor Loan

HOME DECOR LOANS For Furnishing of the house / flat drawing room furniture, Kitchen equipment, air conditioners, room coolers, curtains, cots, sink, bath tubs, show case, cupboards, carpets etc.
Individual Term Loan
Risk Grade Rate of Interest Rate Effective Rate

CIC-1 (>= 800)

RLLR + 1.05%

10.15%

CIC-2 (775 to 799)

RLLR + 1.10%

10.20%

CIC-3 (750 to 774)

RLLR + 1.15%

10.25%

CIC-4 (725 to 749) & NTC

RLLR + 1.25%

10.35%

CIC-5 (700 to 724)

RLLR + 1.45%

10.55%

CIC-6 (680 to 699)

RLLR + 1.65%

10.75%

CIC-7 (680 & Below)

Reject

❱ Vehicle Loan

Non - Electric Vehicle Loan - Four Wheeler

Individual Non-Individual
Risk Grade

 Rate of Interest Rate

 Effective Rate

 If External Rating is Available

CIC-1 (>= 800)

RLLR - 0.50%

8.60%

External Rating

Rate of Interest Rate

Effective Rate

CIC-2 (775 to 799)

RLLR - 0.50%

8.60%

AAA to A

RLLR - 0.50%

8.60%

CIC-3 (750 to 774)

RLLR - 0.40%

8.70%

BBB

RLLR + 0.70%

9.80%

CIC-4 (725 to 749) & NTC

RLLR - 0.35%

8.75%

Below BBB

Reject

CIC-5 (700 to 724)

RLLR - 0.35%

8.75%

If External Rating is Not-Available

CIC-6 (680 to 699)

RLLR + 0.50%

8.60%

ICON Rating

Rate of Interest Rate

Effective Rate

CIC-7 (680 & Below)

Reject

IOB 1 to IOB 3

RLLR - 0.50%

8.60%

IOB 4

RLLR - 0.70%

8.40%

IOB 5

RLLR + 0.70%

9.80%

IOB 6 & BELOW

Reject

Non - Electric Vehicle Loan - Two Wheeler

Individual Non-Individual
Risk Grade

 Rate of Interest Rate

 Effective Rate

 If External Rating is Available

CIC-1 (>= 800)

RLLR + 2.25%

11.35%

External Rating

Rate of Interest Rate

Effective Rate

CIC-2 (775 to 799)

RLLR + 2.60%

11.70%

AAA to A

RLLR + 2.25%

11.35%

CIC-3 (750 to 774)

RLLR + 2.95%

12.05%

BBB

RLLR + 5.75%

11.35%

CIC-4 (725 to 749) & NTC

RLLR + 4.05%

13.15%

Below BBB

Reject

CIC-5 (700 to 724)

RLLR + 5.15%

14.25%

If External Rating is Not-Available

CIC-6 (680 to 699)

RLLR + 5.55%

14.65%

ICON Rating

Rate of Interest Rate

Effective Rate

CIC-7 (680 & Below)

Reject

IOB 1 to IOB 3

RLLR + 2.25%

11.35%

IOB 4

RLLR + 4.05%

13.15%

IOB 5

RLLR + 5.75%

14.85%

IOB 6 & BELOW

Reject

Electric Vehicle Loan - Four Wheeler

Individual Non-Individual
Risk Grade

 Rate of Interest Rate

 Effective Rate

 If External Rating is Available

CIC-1 (>= 800)

RLLR - 0.70%

8.40%

External Rating

Rate of Interest Rate

Effective Rate

CIC-2 (775 to 799)

RLLR - 0.70%

8.40%

AAA to A

RLLR - 0.70%

8.40%

CIC-3 (750 to 774)

RLLR - 0.60%

8.50%

BBB

RLLR + 0.50%

9.60%

CIC-4 (725 to 749) & NTC

RLLR - 0.55%

8.55%

Below BBB

Reject

CIC-5 (700 to 724)

RLLR - 0.55%

8.55%

If External Rating is Not-Available

CIC-6 (680 to 699)

RLLR + 0.30%

9.40%

ICON Rating

Rate of Interest Rate

Effective Rate

CIC-7 (680 & Below)

Reject

IOB 1 to IOB 3

RLLR - 0.70%

8.40%

IOB 4

RLLR - 0.50%

8.60%

IOB 5

RLLR + 0.50%

9.60%

IOB 6 & BELOW

Reject

Electric Vehicle Loan- Two Wheeler

Individual Non-Individual
Risk Grade

 Rate of Interest Rate

 Effective Rate

 If External Rating is Available

CIC-1 (>= 800) RLLR + 2.05% 11.15% External Rating Rate of Interest Rate Effective Rate
CIC-2 (775 to 799) RLLR + 2.40% 11.50% AAA to A RLLR + 2.05% 11.15%
CIC-3 (750 to 774) RLLR + 2.75% 11.85% BBB RLLR + 5.55% 14.65%
CIC-4 (725 to 749) & NTC RLLR + 3.85% 12.95% Below BBB Reject
CIC-5 (700 to 724) RLLR + 4.95% 14.05% If External Rating is Not-Available
CIC-6 (680 to 699) RLLR + 5.35% 14.45% ICON Rating Rate of Interest Rate Effective Rate
CIC-7 (680 & Below) Reject IOB 1 to IOB 3 RLLR + 2.05% 11.15%
IOB 4 RLLR + 3.85% 12.95%
IOB 5 RLLR + 5.55% 14.65%
IOB 6 & BELOW Reject

❱ Personal Loan

TERM LOAN Category A Category B Category C
Risk Grade Rate of Interest Rate Effective Rate Rate of Interest Rate Effective Rate Rate of Interest Rate Effective Rate
CIC-1 (>= 800) RLLR + 1.65% 10.75% RLLR + 2.00% 11.10% RLLR + 2.50% 11.60%
CIC-2 (775 to 799) RLLR + 1.85% 10.95% RLLR + 2.05% 11.15% RLLR + 2.60% 11.70%
CIC-3 (750 to 774) RLLR + 2.00% 11.10% RLLR + 2.25% 11.35% RLLR + 2.75% 11.85%
CIC-4 (725 to 749) & NTC RLLR + 2.95% 12.05% RLLR + 3.15% 12.25% RLLR + 3.65% 12.75%
CIC-5 (700 to 724) RLLR + 3.55% 12.65% RLLR + 3.65% 12.75% RLLR + 4.15% 13.25%
CIC-6 (680 to 699) RLLR + 4.40% 13.50% RLLR + 4.65% 13.75% RLLR + 5.05% 14.15%
CIC-7 (680 & Below) Reject

❱ IOB Royal - Personal Loan to HNI

Risk Grade Rate of Interest Rate Effective Rate
CIC-1 (>= 800) RLLR + 2.00% 11.10%
CIC-2 (775 to 799) RLLR + 2.05% 11.15%
CIC-3 (750 to 774) RLLR + 2.25% 11.35%
CIC-4 (725 to 749) & NTC RLLR + 3.15% 12.25%
CIC-5 (700 to 724) RLLR + 3.65% 12.75%
CIC-6 (680 to 699) RLLR + 4.65% 13.75%
CIC-7 (680 & Below) Reject

❱ Consumer Durable Loan

Risk Grade Rate of Interest Rate Effective Rate
CIC-1 (>= 800) RLLR + 2.50% 11.60%
CIC-2 (775 to 799) RLLR + 2.60% 11.70%
CIC-3 (750 to 774) RLLR + 2.75% 11.85%
CIC-4 (725 to 749) & NTC RLLR + 3.65% 12.75%
CIC-5 (700 to 724) RLLR + 4.15% 13.25%
CIC-6 (680 to 699) RLLR + 5.05% 14.15%
CIC-7 (680 & Below ) Reject

❱ IOB Surya

IOB Surya Purchase/Installation of Solar Heaters,Home/Indoor Lighting Systems,Off Grid/Grid Connected Roof Top Solar system
Individual Non-Individual
Risk Grade Rate of Interest Rate Effective Rate Particulars Rate of Interest Rate Effective Rate
CIC-1 (>= 800) RLLR 9.10% Non-Individual RLLR + 1.15% 10.25%
CIC-2 (775 to 799) RLLR 9.10%
CIC-3 (750 to 774) RLLR 9.10%
CIC-4 (725 to 749) & NTC RLLR + 0.65% 9.75%
CIC-5 (700 to 724) RLLR + 0.65% 9.75%
CIC-6 (680 to 699) RLLR + 1.15% 10.25%
CIC-7 (680 & Below) Reject

❱ Other Retail Schemes

SCHEME PURPOSE TYPE Rate of Interest Rate Effective Rate
IOB Akshay-Demand Loan Loan Against LIC Policy TERM LOAN RLLR + 2.90% 12.00%
IOB Akshay-Cash Credit Loan Against LIC Policy CASH CREDIT RLLR + 3.40% 12.50%
Sahayika Loan Against NSC,KVP etc TERM LOAN RLLR + 3.40% 12.50%
IOB Passion Financial assistance to people with the intent to take up an activity as a career in Arts, Sports, Music, Dance, Painting, Photography, Gardening, etc No Collateral RLLR + 2.40% 11.50%
100% Security RLLR + 1.40% 10.50%
LOAN AGAINST SOVEREIGN GOLD BOND Loan Against Gold Bonds DEMAND LOAN RLLR + 0.50% 9.60%
TERM LOAN RLLR + 1.00% 10.10%

❱ Education Loans

VIDYA JYOTHI

TYPE RATE OF INTEREST EFFECTIVE
INTEREST RATE FOR PUBLIC RLLR +1.65% 10.75%
INTEREST RATE FOR WARDS OF STAFF AND RETIRED STAFF RLLR +0.40% 9.50%

CONCESSIONS

DETAILS CONCESSION
GIRL STUDENT 0.50%
FOR INTEREST SERVICED DURING MORATORIUM 1.00%
STUDY IN INDIA
INSTITUTES RANKED UP TO 20 1.50%
INSTITUTES RANKED FROM 21 TO 50 1.00%
STUDY ABROAD
INSTITUTES RANKED UPTO 100 1.50%
INSTITUTES RANKED 101 TO 200 1.00%

VIDYA SURAKSHA

TYPE RATE OF INTEREST EFFECTIVE
LOAN ONLY UP TO Rs 7.50 Lakh RLLR +1.65% 10.75%

VIDYA SHRESHT

TYPE RATE OF INTEREST EFFECTIVE
A RATED INSTITUTIONS RLLR -0.60% 8.50%
B RATED INSTITUTIONS RLLR -0.35% 8.75%

IOB SCHOLAR

TYPE RATE OF INTEREST EFFECTIVE
LOAN UP TO Rs. 7.50 Lakh RLLR +2.20% 11.30%
ABOVE Rs. 7.50 lakhs UP TO Rs. 60 Lakh RLLR +3.20% 12.30%
IOB SCHOLAR TO STAFF WARD UP TO Rs. 60 Lakh RLLR +1.90% 11.00%

Other Schemes

NAME OF THE SCHEME RATE OF INTEREST EFFECTIVE
SKILL LOAN RLLR +1.50% 10.60%
VOCATIONAL LOANS RLLR +3.20% 12.30%
IOB CAREER DREAM UPTO Rs. 2 Lakh BY LIQUID SECURITY RLLR +3.45% 12.55%
IOB CAREER DREAM ABOVE Rs. 2 Lakh SECURED BY IMMOVABLE RLLR +3.65% 12.75%
BIHAR STUDENT CREDIT CARD SCHEME UP TO Rs. 4.00 LAKH RLLR +2.20% 11.30%

❱ Fixed Rate of Interest

SR. NO. SCHEME FIXED RATE OF INTEREST

1

HOUSING LOANS

11%

2

HOME ADVANTAGE

12%

3

HOUSING LOAN TOP UP

12%

4

HOME DÉCOR

13%

5

HOME IMPROVEMENT

12%

6

VEHICLE LOAN (4 Wheeler)

12%

7

VEHICLE LOAN (2 Wheeler)

13%

8

PERSONAL LOANS

14%

9

PERSONAL LOAN TOP UP

14%

10

EDUCATION AND ALLIED SCHEMES

13%

11

LOAN AGAISNT PROPERTY

13%

12

EMI BASED JL

11%

13

LOAN AGAINST SGB(EMI BASED)

12%

14

LOAN AGAISNT NSC/KVP/LIC AND OTHER MIS LIQUID SECURITIES

14%

15

PENSIONER LOAN

14%

16

IOB SURYA

14%