Indian Overseas Bank — review & key facts
Bank
✓ Regulated entity identified
Fact sheetevery field shows its verification state — no silent blanks
Public name
Indian Overseas Bank
✓ Verified
Legal lender
Indian Overseas Bank
✓ Verified
App ↔ entity relationship
Indian Overseas Bank is the regulated bank itself — no separate lending-service-provider relationship.
∅ Not applicable
RBI evidence
Footer references Basel-III disclosures and RTI Act 2005 compliance; explicit 'licensed by RBI' wording not found.
— Not disclosed
Loan amount
Category A: up to ₹30 lakh (25× gross monthly salary); Category B: up to ₹30 lakh (20×); Category C: up to ₹15 lakh (10×).
✓ Verified
Tenure
Maximum repayment period 84 months (7 years).
✓ Verified
Interest & APR
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— Not disclosed
Processing fee
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— Not disclosed
Service fee
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∅ Not applicable
Late-payment fee
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— Not disclosed
Prepayment / foreclosure
—
— Not disclosed
KFS
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— Not disclosed
Eligibility & KYC
Regular source of income; min CIBIL 600+; min age 21; age plus repayment period must not exceed retirement age or 60.
✓ Verified
Disbursal route
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— Not disclosed
Repayment route
Security/guarantee requirements vary by category — PDCs, ECS, employer undertakings, or third-party guarantees.
✓ Verified
Grievance contact
Shri Purna Chandra Satapathy, DGM & Head, Customer Service Department — Principal Nodal Officer · 044-28519511 · [email protected]
✓ Verified
Editorial assessment
Indian Overseas Bank is a bank lending in its own name. Its official site publishes only some of the core loan terms; the rest are marked not disclosed below and should be confirmed in the lender's Key Facts Statement before you apply. A grievance escalation contact is published on its official site.
Contact & registered office
Customer care1800 890 4445 / 1800 425 4445
Registered office762/763, IOB, Anna Salai, Chennai, Tamil Nadu-600002
Corporate officeIndian Overseas Bank, Customer Service Deptt, Central Office, Anna Salai, Chennai-600002
Grievance & complaints
Grievance Redressal Officer: Shri Purna Chandra Satapathy, DGM & Head, Customer Service Department — Principal Nodal Officer
Not resolved in 30 days? RBI Ombudsman route →Alternatives to compare
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₹50,000 – ₹25,00,000 · Flexible repayment tenure – up to 60 months · Rates & Charges page (July 2026) states floating rates '8.55% – 13.52%'. The personal-loan landing page separately advertises 'from 9.50% p.a.' (up to 3 years) and '8.86% p.a.' (more than 3 years), effective 01 Aug 2026. Both figures reported as-is; not reconciled.
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