RMGOE

The Indian Overseas Bank

The Indian Overseas Bank is a public sector Bank based in Chennai. Bank also manages to have branches across the globe in Singapore, Colombo, Seoul and Bangkok. Services provided by Indian Overseas Bank are Loans, Credit cards, savings, Investment vehicles etc. Indian Overseas Bank also provides the facility to Education Loan.

Brief Review

Profile

Description

Name of Bank 

Indian Overseas Bank

Founded on

10 February 1937

Headquarter

Chennai, Tamil Nadu,

Type of Bank 

Private bank

Number of Employees

31,846 (2016)

CEO Name

Shri R. Subramania Kumar

Maximum Loan Amount 

Maximum Upto Rs 40.0 Lakhs

Timeline for Loan Disposal

Maximum 15 Working days

Annual Revenue

23,517.29 crore (US$3.3 billion) (2016)

Processing Fees

No Processing Fee will be charged

Other Subsidiaries

  • Indian Overseas Bank (Singapore)
  • Indian Overseas Bank, Asset Management Arm
  • Indian Overseas Bank, Hong Kong Branch

Category 

Education Loan in India

 

How to Apply

Online

  • Visit official Web Site of Indian Overseas Bank (Click Here)
  • Find the Educational Loan Section (Apply Now Button)
  • Fill online Application Form

Offline

  • Visit the nearest branch of Indian Overseas Bank to get offline Education Loan form.
  • You may also download the form from official web handle.
  • Submit the Application Form to Nearest Branch along with document needed.
 

Eligibility

  • The applicant should be an Indian national.
  • Should have secured admission to professional/technical courses in India or abroad.
 

Documents Needed

  • Mark sheet of last qualifying examination for school and graduate studies in India
  • Academic Records: 10th Result, 12th Result, Graduation result-semester Wise (if Possible) Entrance Exam Result through which admission is being taken
  • Proof of admission: Offer Letter or Admission Letter from the Institution
  • Proof of Income: IT Returns, Salary Slip/Business Proof.
 

Expenses Considered

  • Tuition and course fee
  • Examination, library and laboratory fees
  • Caution deposit
  • Cost of books, Uniforms, Equipment and other instruments.
  • Travel Expenses
 

Return Policy

An IOB educational loan can be repaid in monthly instalments for a maximum period of up to 5 to 7 years, excluding the holiday period.

 

Contact Details

Head office 

Indian Overseas Bank, 6th Floor, Annex Building, 763, Anna Salai, Chennai – 600 002, Tamil Nadu, India.

Official website

www.iob.in

Apply for Loan 

Click Here

Contact Number

091-44-852 3582

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