What Indian Overseas Bank asks for on personal, home loans - age, income, credit score, amounts, rates and documents - read from its own pages and labelled by how sure we are. Last verified 2 November 2026.
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How Indian Overseas Bank tends to lend (our read): Category-driven personal lending (government and IOB-salary-account employees get 25x salary, everyone else 10x) and a plain-vanilla RBI-LTV home loan with a 30-year runway. Lends in: Metro, Tier 2, Tier 3 / other locations.
₹20,000 net per month; ₹15,000 if your salary account is with this lender
Credit score
750+ preferredOur working estimate - the lender does not publish a floor
Employment
Salaried
Work experience (salaried)
6 months with the current employer
Loan amount
₹50,000 to ₹30,00,000
Tenure
1 year to 7 years
EMI-to-income limit (FOIR)
About 50% of incomeOur working estimate - lenders rarely publish this
Documents Indian Overseas Bank lists
Salary certificate of applicant (and guarantor) with deduction particulars
Employer undertaking to deduct EMI (Category B) or third-party guarantee (Category C)
KYC
Salary routed through an IOB savings account
Research notes
IOB Personal Loan: confirmed employees of government, PSUs and reputed private firms; take-home after the proposed EMI must exceed 50% of gross. Category A/B (government, or private-sector with salary credited to IOB for 6 months) get 25/20 times gross monthly salary up to Rs 30 lakh; Category C (no IOB salary account) gets 10 times up to Rs 15 lakh with guarantors. Tenure up to 84 months. Age and income floor are not published - standard salaried window and nominal floors assumed. Rate not on the product page; PSU rate card applies.
₹10,000 net per month; self-employed: ₹1,20,000 a year
Credit score
750+ preferredOur working estimate - the lender does not publish a floor
Employment
Salaried or self-employed
Business vintage (self-employed)
2 years in business
Funding (LTV)
Within RBI limits: up to 75-90% of the property value, depending on the loan size
Loan amount
₹1,00,000 to ₹50,00,00,000
Tenure
1 year to 30 years
Interest rate
8.4% to 10.5% p.a.
Documents Indian Overseas Bank lists
KYC
Salaried: 2 years' ITR or 6 months' salary slips
Self-employed: 2 years' ITR
Property documents
Employment proof
Research notes
IOB Home Loan: rates start at 8.40% for salaried and 8.50% for non-salaried (linked to internal rating and CIC score), tenure up to 30 years including holiday period, RBI LTV margins of 10-25%, houses/flats not older than 25 years, 20% higher quantum for salaried applicants earning Rs 30,000+ aged 21-45. Age ceiling and income floor are not published as a grid - 70 at maturity and nominal floors assumed.
ClearToLend is not affiliated with or endorsed by Indian Overseas Bank. Criteria are taken from public sources as of 2 November 2026 and can change; confirm the current terms with Indian Overseas Bank before you apply. A match is not a loan offer or approval.
Indian Overseas Bank Loan FAQs
The minimum net monthly income is ₹20,000, according to Indian Overseas Bank's own website, as checked on 2 November 2026. Lenders can ask for more depending on your city, employer and existing EMIs.
You need to be at least 21 and no older than 60 when the loan ends, according to Indian Overseas Bank's own website.
The minimum net monthly income is ₹10,000, according to Indian Overseas Bank's own website, as checked on 2 November 2026. Lenders can ask for more depending on your city, employer and existing EMIs.
You need to be at least 21 and no older than 70 when the loan ends, according to Indian Overseas Bank's own website.
Rates run from 8.4% to 10.5% a year, according to Indian Overseas Bank's own website. Your own rate depends on your credit score, income and employer.
No. ClearToLend compares your details with Indian Overseas Bank's published criteria without pulling your credit report, so nothing is recorded on your CIBIL file. ClearToLend is not affiliated with Indian Overseas Bank and does not send your details to it.
