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Indian Overseas Bank
Indian Overseas Bank is a public sector bank offering home loan with competitive terms for eligible applicants.
Interest Rate
8.00% - 9.75%
Processing Fee
Up to 0.35% of loan amount
Max Loan Amount
As per property value and eligibility
Max Tenure
Up to 30 years
Key Benefits
Features
- Balance transfer with top-up available
- No prepayment penalty on floating rate loans
Special Offers
- Concessional rate for women co-borrowers
Pros & Cons
Advantages
- Lower starting interest rate
- Wide branch network for in-person support
Considerations
- Documentation-heavy, slower processing than private banks
Eligibility
- Minimum age 21 years
- Stable income source
- Good credit score (700+)
Documents Required
- PAN card
- Aadhaar card
- Income proof
- Property documents
- Bank statements (6 months)
Frequently Asked Questions
Important Disclaimer
- All information provided is for reference purposes only and subject to change.
- Interest rates and fees are indicative and may vary based on your profile and market conditions.
- Loan approval is subject to the bank's terms and conditions and credit assessment.
- Processing-fee cashback, where applicable, is credited only after loan disbursal and unlocks upon EMI completion — it is not available for guest applications.
- Please verify all details with the bank before making any financial decisions.
Ready to apply with Indian Overseas Bank?
Get your processing fee back as cashback after disbursal.
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