Indian Overseas Bank
loan rates

Name: Indian Overseas Bank EBLR & MCLR
Creator: Capera

External benchmark

EBLR

8.35%

+285 bps over repo (5.50%)

Marginal cost

1-year MCLR

8.85%

Spread over benchmark: +285 bps

Live · updated 16 October 2026, IST

Your rate stack

What this bank charges, and what it pays back.

01 · RBI

Repo rate

5.50%

Where the bank funds itself overnight

02 · Indian Overseas Bank

EBLR

8.35%

+285 bps over repo

1Y MCLR

8.85%

+335 bps over repo

Most retail home loans sit on EBLR; older / corporate loans on MCLR

03 · Deposits

FD coverage

—

We don't yet track FD rates for Indian Overseas Bank.

MCLR term structure

Rate by reset tenor.

7 tenors

Overnight

7.90

1-month

8.25

3-month

8.45

6-month

8.70

1-year

8.85

2-year

8.85

3-year

8.90

MCLR loans reset at the chosen tenor. A 1-year MCLR loan recalculates once a year; an overnight MCLR loan recalculates every business day. Most retail loans pick the 1-year MCLR.

Vs the sovereign curve

Indian Overseas Bank MCLR against same-tenor G-Sec yields.

Compare the cost of a term loan from Indian Overseas Bank against what a comparable corporate bond would price at: G-Sec yield plus a credit spread of roughly 75–150 bps for AAA names.

Tenor MCLR G-SecSpread