IOB EMI Calculator 2026
Calculate your monthly EMI for a Indian Overseas Bank home, car or personal loan. The interest rate is pre-filled with IOB's starting rate, and you can change any value. No PAN, no sign-up. Nothing leaves your browser.
Year-by-year repayment schedule
| Year | Principal paid | Interest paid | Balance left |
|---|
IOB loan interest rates (October 2026)
| IOB loan | Starting rate (p.a.) | Example loan | EMI |
|---|---|---|---|
| Home loan | From 7.10% | ₹30 lakh, 20 yrs | ₹23,439 |
| Car loan | From 8.85% | ₹8 lakh, 5 yrs | ₹16,549 |
| Personal loan | Check with bank | ₹5 lakh, 5 yrs | ₹10,871 |
How IOB calculates your EMI
EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1), where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100) and n is the number of monthly instalments. For example, a ₹30 lakh IOB home loan at 7.10% for 20 years has an EMI of about ₹23,439. Early EMIs are mostly interest, and the principal part grows every month.
About Indian Overseas Bank
Indian Overseas Bank is a public sector bank headquartered in Chennai. As a public sector bank, it links most home loans to an external benchmark such as the RBI repo rate, so your EMI can change when the RBI changes rates.
Before you apply, see the IOB CIBIL score requirement, check how much loan you may be eligible for and make sure your total EMIs fit your income with the FOIR calculator.
Frequently asked questions
What is the EMI on a ₹30 lakh home loan from IOB?
At 7.10% (Indian Overseas Bank's published starting rate) for 20 years, the EMI is about ₹23,439 a month. You would pay about ₹26,25,452 in interest over the loan.
What is the EMI on a ₹5 lakh IOB personal loan?
At 11.00% for 5 years, the EMI is about ₹10,871 a month and the total interest is about ₹1,52,273.
Does my CIBIL score change my IOB interest rate?
Yes. Indian Overseas Bank gives its lowest rates to borrowers with strong credit scores, usually 750 or above. On a ₹30 lakh, 20-year home loan, just 1% more interest raises the EMI from about ₹23,439 to ₹25,280.
Is this the official IOB EMI calculator?
No. CibilScores.com is independent and not linked to Indian Overseas Bank. The EMI formula is the same one banks use, but your final rate, fees and EMI come from the bank's sanction letter.