What is the Indian Overseas Bank Home Loan Eligibility?

I’ve recently availed of a IOB Subhagruha housing loan, so I can share the Indian Overseas Bank home loan eligibility criterias. The IOB Subhagruha provides around 75–90% of the total cost of the home or apartment, omitting the fees for registration and documentation. The amount is determined by your age and ability to repay.

What is the IOB Home Loan Eligibility?

• The Indian Overseas Bank housing loan eligibility criteria is that individuals can only avail a loan if they are not more than 55 years of age. However, if their legal heirs accompany them, individuals may be considered at the age of 60.

• The loan must be paid off before turning 70 years old.

• For Salaried Individuals: A permanent job for a minimum of two or three years.

• For self employed: A minimum of three years of experience in the relevant industry.

These were the basic IOB housing loan eligibility criteria. 

I hope this helps!

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