Indian Overseas Bank Personal Loan

Indian Overseas Bank Personal Loan - http://www.loansandcredits.in/indian-overseas-bank-personal-loan/
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Apply Personal Loan


Apply Personal Loan :- Loan amount from Rs.1 lakh up to Rs.20 lakhs Convenient loan repayment option of 12 to 60 months No security or collateral required to avail this loan Simplified and quick documentation Attractive interest rates Hassle-free loan sanction and disbursal procedure[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width="1/2"][contact-form-7 id="3299" title="PL-loansandcredits.in"][/vc_column][vc_column width="1/2"][vc_column_text]

 

Indian Overseas Bank Personal Loan


Purpose


To purchase of Consumer durables. Consumer durables included all electrical and electronics, wooden and metal furniture etc..

Eligibility :


All individuals with regular income is more than Rs.5000/- with maximum age limit of 60 years.

Quantum of loan


10 times of the gross salary or 90% of the cost of article whichever is less, but not to exceed Rs.5.00 lacs.

Margin


10% on cost of the article.

Rate of interest


1 Year MCLR - 8.40%

Repayment


Maximum Repayable is 60 equated monthly installments without holiday period.

No Pre payment charges

Security


Hypothentication on purchase of articles out of loan and a suitable 3rdparty guarantee

Processing Charges:


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