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IOB proudly announces the launch of two innovative jewel loan products, spearheaded by Shri Ajay Kumar Srivastava, MD & CEO. These offerings signify the bank's unwavering commitment to customer-centric banking and its ambition to revolutionize the financial landscape.

IOB Gold Powered Card: Redefining Convenience IOB Gold Powered Card is a pioneering solution granting customers with instant access to a card linked directly to their jewel loan overdraft accounts. Revolutionizing traditional approaches, this innovative card offers flexibility, with interest charged solely on the amount utilized. It provides flexibility for customers to service both interest and principal at maturity of loan i.e., 12 months from the date of sanction.

Offering loan amounts ranging from Rs 25,000 to Rs 25 lakhs, IOB Gold Powered card grants users the convenience of cash withdrawal at ATM and can be used for POS & E com transactions. The cash withdrawal limit per transaction is Rs 20,000 with a daily limit of Rs 1 lakh. For e-commerce and POS transactions, the per day and per transaction limit is Rs 25.00 lakhs.

Validity extends to three years, subject to annual reassessment. This innovative solution empowers customers with greater financial control and convenience, reinforcing IOB’s commitment to delivering exceptional banking experiences.

Jewel Loan Suvidha: A Tailored Jewel Loan Solution Jewel Loan Suvidha is an exclusive jewel loan product meticulously crafted to cater to the unique needs of housing loan borrowers, not only from IOB but also from other banking institutions. Addressing critical financial requirements such as margin money, registration charges and unforeseen project escalation costs that may arise during the course of a housing loan this solution offers reimbursement within a 12-month timeframe from the date of incurring expenses.

Featuring competitive interest rates and loan amounts ranging from Rs 25,000 to Rs 50 lakhs, Jewel Loan Suvidha ensures comprehensive financial support. Flexible repayment options, including Bullet payment and EMI modes, empower customers to manage their finances effectively while also availing income tax benefits subject to fulfilment of the conditions prescribed under Income Tax Act 1960.

Embrace the future of banking with IOB's innovative jewel loan products, setting new standards for convenience, flexibility, and customer satisfaction