Compare Indian Overseas Bank vs IIFL Personal Loan
Bank |
SBI
HDFC Bank
ICICI Bank
Bajaj Finserv
IDFC First Bank
Axis Bank
Tata Capital
Fullerton India
IndusInd Bank
Kotak Bank
RBL Bank
HDB Financial
Syndicate Bank
Muthoot
Union Bank of India
Canara Bank
Bank of Maharashtra
Andhra Bank
Allahabad Bank
Federal Bank
PNB
Indian Overseas Bank
Indian Bank
IDBI Bank
Corporation Bank
Bank of Baroda
Standard Chartered Bank
Yes Bank
Karur Vysya Bank
Cashe
Axis Finance
|
SBI
HDFC Bank
ICICI Bank
Bajaj Finserv
IDFC First Bank
Axis Bank
Tata Capital
Fullerton India
IndusInd Bank
Kotak Bank
RBL Bank
IIFL
HDB Financial
Syndicate Bank
Muthoot
Union Bank of India
Canara Bank
Bank of Maharashtra
Andhra Bank
Allahabad Bank
Federal Bank
PNB
Indian Bank
IDBI Bank
Corporation Bank
Bank of Baroda
Standard Chartered Bank
Yes Bank
Karur Vysya Bank
Cashe
Axis Finance
|
---|---|---|
Interest Rate | Interest Rate 10.00% - 11.00% |
11.75% - 28.00% |
Processing Fees | Processing Fees upto 3% of the loan amount |
2.5%-6% |
Loan Amount | Loan Amount ₹ 50,000 to ₹ 15 Lakh |
₹ 50,000 to ₹ 25 Lakh |
Loan Tenure | Loan Tenure 12 to 60 Months |
12 to 60 Months |
Lowest EMI Per Lakh | Lowest EMI Per Lakh ₹ 2,125 |
₹ 2,212 |
Part Payment Charges | Part Payment Charges Not Allowed |
Not Allowed |
Foreclosure Charges | Foreclosure Charges Allowed after 1 month at Nil prepayment charges |
Allowed after 6 months at 01-06 months-7%+GST, 7-24 months- 5%+GST and After 24 Months-4%+ GST |
Eligible Age | Eligible Age 21 to 58 Years |
25 to 60 Years |
Minimum Income | Minimum Income ₹ 20,000 |
₹ 25,000 |
Current Work Experience | Current Work Experience 12 Months |
6 Months |
Total Work Experience | Total Work Experience 36 Months |
36 Months |
Customer Ratings (Read Reviews) | Customer Ratings (Read Reviews) |
4.8/5.0 |
Compare Personal Loan EMI of Indian Overseas Bank and IIFL
Loan Amount | Indian Overseas Bank | IIFL |
---|---|---|
₹ 1 Lakh | ₹ 2,125 | ₹ 2,212 |
₹ 5 Lakh | ₹ 10,624 | ₹ 11,059 |
₹ 10 Lakh | ₹ 21,247 | ₹ 22,118 |
₹ 12 Lakh | ₹ 25,496 | ₹ 26,542 |
Which is a better bank for Personal Loan – Indian Overseas Bank or IIFL?
Indian Overseas Bank offers lower Personal Loan EMI at Rs. 2125 for 60 Months compared to IIFL with a minimum EMI of Rs. 2212 for 60 Months. In addition, average customer ratings for Indian Overseas Bank is currently at /5.0, making it a good choice for taking a Personal Loan.
How does Indian Overseas Bank Personal Loan compare with IIFL Personal Loan?
It is important to make a detailed comparison of Indian Overseas Bank and IIFL on all loan terms and conditions to understand their differences and make an informed decision. Keep in mind that each bank’s scheme has its pros and cons that have to be evaluated before choosing the best offer. Some of the key results of the comparison between the two banks are:
Which bank offers a lower interest rate on Personal Loan – Indian Overseas Bank or IIFL?
As per the current rates, Indian Overseas Bank offers a lower interest rate of 10.00% on loans compared to IIFL, which offers a Personal Loan at 11.75%.
Know more about Indian Overseas Bank Personal Loan
Know more about IIFL Personal Loan
Compare Indian Overseas Bank Personal Loan With Other Banks
Compare IIFL Personal Loan With Other Banks
- 2022-05-13 : Punjab National Bank Increases Personal Loan Rates
The bank has increased the rates by 40 basis points, and after the revision, the bank offers personal loans starting from 8.85% to 14.85%. - 2022-05-13 : South Indian Bank Posts all-time High Net Profit in Q4
The Bank has posted an all-time high net profit of ₹272 crores for Q4 in FY 22 against ₹6.79 crores during the corresponding period of the previous year. - 2022-05-13 : Ujjivan Small Finance Bank Profit Falls by 7% for Q4
The bank has reported a 7 percent fall in its net profit to Rs 126.5 crore. Earlier, the bank had posted a net profit of Rs 136 crore in the same quarter of the preceding fiscal year 2020-21. - 2022-05-12 : Indian Bank Revises Personal Loan Rates
Indian Bank has increased the rates on personal loans, and as a result, the bank offers the lowest rates starting at 8.90% to upto 9.40%. - 2022-05-10 : Canara Bank Hikes Personal Loan Interest Rates
The bank has increased the lowest personal loan rates from 12.40% to 12.80%.
