About: IOB started business simultaneously – at Karaikudi, Chennai and Rangoon in Burma (presently Myanmar) followed by a branch in Penang, Malaysia. At the dawn of Independence IOB had 38 branches in India and 7 branches abroad -and Deposits stood at Rs. 6.64 Crores and Advances at Rs. 3.23 Crores at that time.
IOB Gold Loan Interest Rate 2023: Hello Guys today know about IOB (Indian Overseas Bank) Gold Loan interest rate on this page the loan (iob) loan rate is 7.05% p.a upto Rs 25 Lakhs amount. IOB Gold loan rate per gram of gold is ₹ 2,900 to ₹ 3,450 for 22 Carat.
| Name of Posts | IOB Gold Loan Interest Rate |
| IOB Gold Loan Interest Rate | (iob) loan rate is 7.05% p.a |
| Category | Loan |
IOB Gold Loan Interest Rate 2023
Indian Overseas Bank (IOB) is a public sector bank in India that provides various types of loans to its customers. Some of the loans offered by Indian Overseas Bank include:
Home Loan: This loan is provided to individuals for the purpose of buying a new or an existing residential property, construction of a new house, renovation, extension, or repair of an existing property.
Personal Loan: This loan is provided to individuals to meet their personal financial requirements such as medical emergencies, wedding expenses, education expenses, etc.
Education Loan: This loan is provided to students to pursue higher education in India or abroad.
Car Loan: This loan is provided to individuals for the purchase of a new or used car.
Gold Loan: This loan is provided to individuals against their gold ornaments.
Business Loan: This loan is provided to small and medium-sized enterprises to meet their working capital or business expansion requirements.
To apply for a loan from Indian Overseas Bank, individuals need to meet the eligibility criteria and provide the necessary documents as per the bank’s requirements. The interest rates and other terms and conditions of the loan will depend on the type of loan, loan amount, repayment period, and the borrower’s credit score.