Indian Overseas Bank Mortgages - Home Decor

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Indian Overseas Bank Mortgages - Home Decor

Upgrade your home with Indian Overseas Bank's Home Decor Mortgage—flexible EMIs, easy processing, and secure financing for your dream interior.

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Details for Indian Overseas Bank Mortgages - Home Decor

Indian Overseas Bank’s Home Decor Mortgage helps you finance furniture, fixtures, and home improvements with ease. Enjoy up to 108 EMIs with flexible repayment aligned to your income. The loan is secured through hypothecation of items purchased and requires a third-party guarantee. Ideal for homeowners looking to enhance interiors without financial strain, even if their house is already mortgaged elsewhere. The plan ensures affordability, convenience, and support for creating the perfect living space.

CIBIL Score

  • CIBIL score must be minimum 700

Loan Processing Charges

  • Up to 0.50% of the loan amount

Features

  • Repayment - Maximum 108 EMI subject to maximum age of 70 years.
  • Security - Hypothecation of items purchased under the loan in the case of furnishing the house , Suitable third party guarantee from a person drawing salary at least equal to the salary/monthly income of the applicant and In case the house / flat is mortgaged to another Bank / Institution, no lien letter from the Bank / Institution is to be submitted for the items hypothecated to our Bank/renovations undertaken.

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Indian Overseas Bank Mortgages - Home Decor EMI Calculator

Principal amount

₹1,00,000

Interest amount

₹542

Total amount payable

₹1,00,542

Your Monthly EMI is ₹8,379
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