Indian Overseas Bank NRI Home Loan

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Indian Overseas Bank NRI Home Loan

Get the best NRI Home Loan with Indian Overseas Bank. Flexible margin, easy repayment, and competitive charges.

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Details for Indian Overseas Bank NRI Home Loan

Indian Overseas Bank NRI Home Loan offers flexible margin options, ranging from 10% to 25%, based on the loan amount. With repayment terms of up to 240 months for purchase or construction and 180 months for repairs/renovation, this loan is designed to suit your needs. The loan is secured by mortgaging property in the applicant's or co-obligant's name. A nominal processing fee of up to 0.50% of the loan amount applies, ensuring affordable and easy access to funds for your dream home.

CIBIL Score

  • CIBIL score must be minimum 700

Loan Processing Charges

  • Up to 0.50% of the loan amount

Features

  • Margin Up to Rs. 30.00 Lakhs 10% , Above Rs. 30.00 Lakhs up to Rs. 75.00 Lakhs 20% and Above Rs. 75.00 Lakhs 25%
  • Repayment Period - Purchase/Construction , Maximum: 240 Months (Max age at Exit 60 including Moratorium Period) whichever is earlier and Repair and Renovation - Maximum: 180 Months
  • Immovable property to be financed must be mortgaged only with our Bank.
  • The land should be in the name of the Applicant or jointly with his/ her spouse /close relatives (Co-obligant).
  • The applicant should have a clear and marketable title over the property to create a valid mortgage

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₹10,000₹1,00,00,000

0%20%

1 Year30 Years

Indian Overseas Bank NRI Home Loan 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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