IOB Personal Loan Interest Rate 2026
Last updated:
Quick Answer
Indian Overseas Bank personal loan interest rates range from 11.25–15.5% p.a.. Existing customers with salary accounts may get preferential rates. Loans are typically approved within 24–48 hours.
IOB Personal Loan Rate — Rates at a Glance
| Salaried — Existing Customer | 11.25–13.25% p.a. |
| Salaried — New Customer | 12.25–13.38% p.a. |
| Self-employed | 13.38–15.5% p.a. |
| Loan amount | ₹50,000 – ₹40 lakh |
| Tenure | 12–60 months |
| Processing fee | 1–3% of loan amount |
Rates are indicative as of 2026-04-07. Verify with Indian Overseas Bank official website before investing.
Key Things to Know
- 1Starting rate: 11.25% p.a. for top-tier salaried customers
- 2No collateral required — fully unsecured loan
- 3Quick disbursal within 24–48 hours for pre-approved customers
- 4Prepayment allowed after 12 EMIs; 2–5% prepayment charge
- 5Loan amount up to ₹40 lakh based on income and credit score
- 6CIBIL score 750+ recommended for best rates
Calculate Your Returns
Monthly EMI
₹8,678
Total Interest
₹10,82,776
Total Payment
₹20,82,776
Amortization Schedule (Yearly)
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹19,902 | ₹84,236 | ₹9,80,098 |
| 2 | ₹21,661 | ₹82,477 | ₹9,58,436 |
| 3 | ₹23,576 | ₹80,563 | ₹9,34,860 |
| 4 | ₹25,660 | ₹78,479 | ₹9,09,200 |
| 5 | ₹27,928 | ₹76,211 | ₹8,81,272 |
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Frequently Asked Questions
What is IOB personal loan interest rate in 2026?
Indian Overseas Bank personal loan rates range from 11.25–15.5% p.a.. Rates depend on credit score, income, employer category, and existing relationship with the bank.
How to get IOB personal loan at lowest rate?
Maintain a CIBIL score above 750, have a salary account with IOB, and demonstrate stable employment for 2+ years. Pre-approved offers typically carry the lowest rates.
What is the maximum IOB personal loan amount?
Indian Overseas Bank offers personal loans up to ₹40 lakh depending on your income, creditworthiness, and existing relationship. Some banks offer higher amounts to premium customers.
How long does IOB personal loan approval take?
For pre-approved customers, IOB disburses personal loans within 24 hours. New applications typically take 3–7 working days for document verification and approval.