Information only
Indian Overseas Bank (IOB) is a public sector bank. The Reserve Bank of India lists its registered office in Chennai. The bank was founded in 1937 and was one of the banks nationalised in 1969. According to the bank's website, as of 8 November 2026, it lists one of the longer sets of named retail and MSME schemes among public sector banks, including products for women, renewable energy and chartered accountants. This page is an information summary, not an offer, and it does not compare the bank with other lenders.
Loans it offers
Loans listed on Indian Overseas Bank's website
| Loan | What to know |
|---|---|
| Home loans | The bank names Subha Gruha, NRI Home Loan, a top-up loan, IOB Easy Plot and a Home Improvement Scheme, among others. The property is the security. |
| Personal loans | Listed products include a Pension Loan, a Consumer Durable Loan and a Personal Loan Top Up Scheme. Pension Loan is meant for pensioners. |
| Loans against property | The bank lists a Loan Against Property, Liquirent (a loan against rent receivables) and a Reverse Mortgage Loan. Each is secured on property. |
| Business and MSME loans | Named schemes include IOB-MSME-Easy, MSME-GOLD, IOB-Mahila-Samriddhi, IOB-CA for chartered accountants, a Merchant Credit Card and a cash-flow-based lending product. Cluster-based financing is also listed. |
| Car loans | The bank lists a Vehicle Loan and a Vehicle Loan Against Deposit. It also lists IOB Pink Wheels under its women empowerment heading. |
| Gold loans | A Jewel Loan, IOB-Akshay and a loan against Sovereign Gold Bonds appear under loans against securities. Gold is the security. |
| Education loans | Schemes include Vidya Jyothi, PM-Vidyalaxmi, Vidya Suraksha, IOB Scholar, IOB Vidya Shrest and IOB Skill Loan. The right one depends on the course and institution. |
| Loans for professionals | The MSME menu lists a loan type for professionals and the self-employed, and IOB-CA is aimed at chartered accountants. |
Read how these loans work on LOANZ 360: home loans, personal loans, loans against property, business loans, car loans, gold loans, education loans, professional loans. The bank's own website is the record of its current products, schemes and terms, so confirm there before you apply.
Key facts
| Fact | Detail |
|---|---|
| Regulator category | Public sector bank (regulated by the Reserve Bank of India) |
| Registered office (RBI listing) | Chennai, Tamil Nadu |
| Ownership | Majority owned by the Government of India |
| Founded | 10 February 1937, by M. Ct. M. Chidambaram Chettyar |
| Nationalised | 1969 |
As of 8 November 2026, press reports say the Government of India sold part of its holding in Indian Overseas Bank through an offer for sale in December 2025. The government still holds a large majority.
Before you apply
- Choose the scheme before you choose the loan type. Women's, renewable energy and NRI products each carry their own eligibility terms, so ask which one fits your case.
- If you are an NRI, ask how the bank verifies income and property papers from abroad and who can sign for you in India.
- Ask for the Key Fact Statement (KFS) and compare on the annual percentage rate (APR), not only the interest rate.
- Foreclosure, processing and penal charges are set by the lender and can differ between schemes.
LOANZ 360 compares your details with each partner lender's published eligibility criteria before any application goes to a lender. This helps avoid unnecessary credit enquiries; too many lender checks in a short time can lower your score. Checking your own score does not lower it.
See where lenders' published rates sit on the interest rates page, and read how lenders are presented. Whether a lender is a lending partner or shown for information only is drawn by the site from live data. If this bank is information only, apply on the bank's own website.
Last updated 12 Nov 2026