Indian Overseas Bank Ref.no: ADV/2/4/2021-22 | Central Office Date:18.08.2021 | 763, Anna Sala Issuing Dept. Retail Banking Division Chennai ~ 600 002 | To all Indian Branches, Regional Offices & Other Offices “YEAR OF HOME LOANS: 2021-22" RETAIL MAHOTSAV. HOUSING LOAN CAMPAIGN FROM 18.08,2021-31.12.2021 WAIVER OF PROCESSING CHARGES FOR HOUSING LOANS & VEHICLE LOANS EXTENSION OF INTEREST CONCESSION FOR WOMEN BORROWERS UNDER HOUSING LOANS TILL 31.12.2021 PREAMBLE: Festive Season is around the comer and experts are expecting that people will spend and borrow now like they used to do in the previous years. To match market offering and to regenerate the positive buzz amid the branches, we are launching exclusive campaign for our Home Loan and Vehicle loan segment. The campaign aims fo communicate the strength & merits of our product with our recent modifications in the scheme and to highlight the attractive benefits during the festive season. With festive season round the corner and fo enliven the festive spirit, we offer 100% waiver of processing charges for Housing loan, Vehicle loan and extend the concessional interest rate on Housing loan to women borrowers as detailed hereafter till 31.12.2021. “RETAIL MAHOTSAV“CAMPAIGN ~ 18.08.2021 to 31.12.2021 For the past two FYs we are regularly launching exclusive Housing loan campaigns which resulted in good growth under the portfolio. To endure the focus gained by the branches recoupled with the 100% waiver of processing charges can immensely bolster our retail portfolio. Aligning with the offers, we launch an exclusive Housing loan campaign from 18.08.2021 to 31.12.2021. CONCESSION OFFERED: 1. 100% waiver of processing charges for Housing Loan and Vehicle loans during the campaign period. 2, WOMEN HOUSING LOAN BORROWERS: Concession for Women Housing Loan Borrowers is applicable only when she stands as single or co- borrower in the loan and fitle of property should be registered either in her single name or as co-owner.Applicable Interest Rates during campaign period for Women Borrowers: For Subhagruha Housing Loans including Gen-Next, Subhagruha CC loans, NRI Housing Loans, |OB Gharonda Schemes: Slabs Existing Special | Effective Interest Rate | Concession | Interest Rate Up fo R5.30.00 lacs RLLR + 0.20% 0.10% | RLLR+0.10% ‘Above Rs.30.00 lacs to RLLR + 0.30% 015% RLLR 40.15% Rs.75.00 lacs ‘Above Rs.75.00 lacs RLR + 0.45% 015% RLLR +0.30% For IOB Home Advantage Scheme: ‘Slabs Existing ‘Special Effective Interest Rate | Concession | Interest Rate Upto Rs.30.00 lacs RLLR +1.70% 0.10% RLLR +1.60% ‘Above R5.30,00 lacs fo RLLR +1.80% 0.15% RLLR +1.65% s.75.00 lacs ‘Above Rs.75.00 lacs RLLR + 1.95% 0.15% RLLR + 1.80% For Home Improvement Scheme (HIS), Home Décor Scheme, Subha Gruha Top up Schemes: Scheme Slab Existing Special | Effective ) Interest Rate | Concession | Interest Rate Home Upto Rs.2.00/RLIR+0.40% | 0.10% RLLR + 0.30% | Improvement | Lakhs Scheme (HIS) [Above RLLR + 0.55% | 0.10% RLLR + 0.45% Rs.2.00 Lakhs Home Décor | Upto Scheme [RLLR + 2.95% | 0.10% RLLR + 2.85% limit Upto Rs.30.00/RLIR+2.40% [0.10% RLLR + 2.50% lakhs Subha Gruha [Above RLLR + 2.40% | 0.15% RLLR + 2.25% Top Up s.30.00 lakhs to Rs.1.00 Crore ‘Above RLLR + 2.90% | 0.15% | RLLR + 2.75% Rs.1.00 Crore :ELIGIBLE HOUSING LOAN SCHEMES: Home Loan Schemes include Subhagruha- Housing Loans, PMAY schemes, Home Improvement Loans, Home Décor Loans, Subhagruha Top Up loans, Gen-Next, Subhagruha CC,Home Advantage and NRI Home Loans. PERIOD OF CONCESSION: 18.08.2021 to 31.12.2021 RECOGNITION: Top 5 performing Regions as per the above norms under each category (A & 8) will be honored by Top Management, Action Points: > ROs to ensure that ECS mandates registered data is being scrutinized and all borrowers to be contacted for takeover. The services of empanelied DSAs may be utilized to canvass loans. Steps to be taken to contact existing clientele for takeover of HLs. Free of charge IOB Credit Card for Housing loan borrowers whose CIBIL score is above 700. The services of Marketing Officers in the Regions can be utilized to devise strategies and canvass more HLs. » Captive Branches which are situated in Central/State Govts. or their undertakings or Public Sector Undertakings premises should approach the Departments and market the USPs of our Products. » Liaison officers to provide all support to the branches and to follow up the progress of the branches during the campaign on daily basis. » Existing DSA/HLCs to be activated and through fresh empanelment drive maximum DSAs/HLCs fo be empaneled, vvy v CONCLUSION: Branches/Regional offices should capitalize on this opportunity to increase the Housing loan Portfolio and take necessary steps to increase the market share of our Bank. ye ‘SHUBHENDU KUMAR VERMA GENERAL MANAGERO s