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(All loans at floating ROI, Per Annum at monthly rests except otherwise mentioned)
RATE OF INTEREST
All linked to RBLR/MCLR PROCESSING CHARGES
RBLR 8.00 % w.e.f. 10.02.2020
& BOI MCLR 8.20 % w.e.f. 10.02.2020 (All charges are
Exclusive of GST)
1 (a) Star Home Loan/Star Smart Home Loan/ Star Home Loan/Star Smart
Star Diamond Home Loan Home Loan/Star Pravasi Home
Loan :
Floating Category-Up to 30 years For Individuals –
For all loans amounts:-
0.25 % of loan amount
Salaried Self Employed
Min. Rs. 1500/- Max. Rs. 20000/-
CIBIL-Personal RBLR + 0.00% = 8.00%
Score of 760 and (no further concession for women beneficiary)
above For Partnership firms and
CIBIL-Personal RBLR + 0.15% = 8.15% RBLR + 0.25% = 8.25%
Corporates:
Score between (for women beneficiary) (for women beneficiary) Processing charges to be double
725 to 759
RBLR + 0.20% = 8.20% RBLR + 0.30%=8.30%
that of applicable to individuals.
(for others) (for others) i.e. @ 0.50% of the loan amount
CIBIL-Personal RBLR + 0.25% = 8.25% RBLR + 0.85% = 8.85% Min. Rs.3000/- and Max.
Score between (for women beneficiary) (for women beneficiary) Rs.40000/-
675 and 724
RBLR + 0.30% = 8.30% RBLR +0.90% = 8.90% For Rural areas:-
(for others) (for others) Processing charges 75% of that
applicable to individuals in
CIBIL-Personal RBLR +0.15% = 8.15% RBLR + 0.25% = 8.25% respect of loan availed by
Score of -1 and 0 (for women beneficiary) (for women beneficiary) borrowers from rural branches.
(Sanctioning in this bracket will be
the next higher authority i.e. one
Min. rs.1500/- & Max. rs.20000/-
level above usual sanctioning
authority) Star Diamond Home Loan :
RBLR +0.20% = 8.20% RBLR +0.30% = 8.30% One time processing charge of
(for others) (for others) Rs.50000/- or maximum as per
(Sanctioning in this bracket will be
at the next higher authority i.e. one Star Home Loan Scheme,
level above usual sanctioning whichever is higher
authority)
*PLEASE NOTE RATE OF INTEREST FOR STAR HOME PROCESSING CHARGES ARE
LOAN/STAR SMART HOME LOAN & STAR DIAMOND HOME WAIVED UPTO 31.03.2020 FOR
LOAN WILL BE BASED ON CIBIL SCORE. INDIVIDUALS ONLY (EXCEPT
CRE-RH-Home Loans will attract 0.50% additional rate of interest PMAY & STAR PRAVASI
LOANS )
1 (b) Home Loans presently not linked to CIBIL i.e. entities
other than individuals & And Star Pravasi Loan:-
REPO Linked As per respective Home Loan
For women beneficiary RBLR + 0.05% = 8.05% schemes
(Star Pravasi)
For others (Star RBLR + 0.10% = 8.10%
Pravasi, Corporates,
etc.)
2. Star Top Up Loan
Rate of Interest applicable in respective Home Loan account plus As per respective Home Loan
premium of 0.50% subject to minimum RBLR schemes
4 Wheelers / 2 Wheelers including Super Bikes: New For New Four 0.25% of limit, minimum
& 2nd Hand Vehicle – Wheeler Loan Rs.1000/- and
Max.Rs.5,000
For New Two 1% of loan amount
wheeler/2nd minimum Rs.500/-
Salaried Self Employed hand vehicles and Max.Rs.10,000
CIBIL-Personal RBLR + 0.50% = RBLR + 0.60% = (both 2/4
Score of 760 and 8.50% 8.60% wheeler)
above No processing charges for Senior Citizen,
CIBIL-Personal RBLR + 0.75% = RBLR + 0.85% = Retired Employees of the Bank and
Score between 725 8.75% 8.85% Pensioners drawing Pension from the Bank.
and 759 For Rural areas:
CIBIL-Personal RBLR +0.80% = RBLR + 0.90% = Processing charges will be 75% of that
Score between 675 8.80% 8.90% applicable to individual borrowers provided
and 724 loan is availed by borrowers from rural
CIBIL-Personal RBLR + 0.90% = RBLR + 1.10% = areas/ from rural branches.
Score of -1 & 0 8.90% 9.10% Min. rs.1500/- & Max. rs.20000/-
1 % interest concession may be provided for loanees, if the interest is serviced during the study period
when repayment holiday is specified for interest/repayment under the scheme. No concession will be
available after commencement of repayment.
7. Star Loan Against Property
For Loan (Repayable by installments)
Loan/Reducible OD RBLR + 2.00% = 10.00% One time @ 1% of sanctioned loan amount
OD-Non Reducible RBLR + 2.50% = 10.50% Min. Rs.5000/- and Max. Rs.50000/-.
For Mortgage OD (Reducible)
0.50% of the Sanctioned limit min.Rs.5,000/-
and Max. Rs.30000/- for 1st year at the time
of original sanction.
0.25% of the Reviewed limit min.Rs.2,500/-
& Max. Rs.15000/- for subsequent years.
For Mortgage OD (Not reducible )
0.50% of the Sanctioned/Reviewed limit
min.Rs.5,000/- and Max. Rs.30000/- on
annual basis.
For Rural areas:
Processing charges will be 75% of those
normal applicable charges in respect of
loans availed by borrowers from rural areas
from rural branches.
Mortgage fees:-
Limit upto Rs.10.00 Rs.5000/- + GST
lacs
Limit exceeding Rs.10000/ + GST
Rs.10.00 lacs &
upto 1oo lakhs
Loans over Rs.100 Rs.20000/ + GST
lakhs upto Rs.500
lakhs
8. BOI STAR DOCTOR PLUS (RETAIL) SCHEME
Personal Loans
1. Fully Secured RBLR + 2.00% = 10.00% 50% concession in charges as applicable
2. Clean/Unsecured RBLR + 3.00% = 11.00% to
Vehicle Loan:4 Wheelers only Members of public for Personal Loan and
Doctor Plus (New vehicle & RBLR + 0.40% = 08.40% Vehicle loan
Second hand)
11. Earnest Money Deposit Scheme One time Rs.500 per application
LOANS NOT LINKED TO RBLR AS PER RBI GUIDELINES AND CONTINUE TO BE IN MCLR REGIME:
III) STAR REVERSE MORTGAGE LOAN SCHEME Loan Amount Processing Charges
Upto Rs.5 lacs Rs.1250 + GST
1 Year MCLR + 2.30% (CRP) + 0.30% (BSS): Fixed for Upto Rs.10 lacs Rs.2500 + GST
initial period of 5 years subject to reset clause at the end Upto Rs.20 lacs Rs.5000 + GST
Upto Rs.25 lacs Rs.6250 + GST
of every 5 years period. Valuation report fees and Advocates fees to be
borne by the borrower.
Annual Service Charge @ 0.25% on the loan
amount outstanding/recoverable at the time of
annual review.