A major public sector bank based out of Chennai, India, Indian Overseas Bank has around 3400 domestic branches, of which 1150 are situated in Tamil Nadu alone. Its network of ATMs spans over 3300 outlets all across India.
Indian overseas Bank offers different variants of personal loans to help interested borrowers meet different types of financial/social commitments, for instance, IOB Clean Loan, IOB Consumption Loan (Sahayika) and IOB Royal Loan. All these personal loan types are targeted at different borrower groups depending upon their disposable income and specific needs. The bank promises quick approvals and simplified documentation, to make the task easier even for people who may not have availed any type of loan before. Following are more details on the eligibility criteria, features and charges associated with Indian Overseas Bank personal loan.