RETAIL LOANS – INTEREST RATES /PROCESSING CHARGES

(All loans at floating ROI, Per Annum at monthly rests except otherwise mentioned)

RATE OF INTEREST
PROCESSING CHARGES
All linked to Banks MCLR
BOI MCLR 8.35 % w.e.f. 10.08.2019
(All charges are Exclusive of GST)
& RBLR 8.25 % w.e.f. 01.09.2019

1.Star Home Loan/Star Smart Home Loan/
Star Pravasi Home Loan /Star Diamond Home Loan
Floating Category
Up to 30 years ( CARD RATE)
For Women : 1 Year MCLR + 0.15 %
For Others : 1 Year MCLR + 0.20 %
2. Star Home Loan/Star Smart Home Loan/Star
Diamond Home Loan (Rs.30. lacs & above)
RBLR + 0.10%
BORROWER HAS CHOICE TO OPT BETWEEN
MCLR OR RBLR
Star Home Loan/Star Smart Home Loan/Star
Pravasi Home Loan :
For Individuals –
For all loans amounts:-
0.25 % of loan amount
Min. Rs. 1,000/- Max. Rs. 20,000/-
For Partnership firms and Corporates:
Processing charges to be double that of applicable
to individuals.
For Rural areas:-
Processing charges 75% of that applicable to
individuals in respect of loan availed by
borrowers from rural branches.
Star Diamond Home Loan :
One time processing charge of Rs.50, 000 or
maximum as per Star Home Loan Scheme,
whichever is higher

*PLEASE NOTE RATE OF INTEREST FOR STAR PROCESSING CHARGES ARE WAIVED UPTO
HOME LOAN/STAR SMART HOME LOAN & 31.12.2019 FOR INDIVIDUALS ONLY (EXCEPT
STAR DIAMOND HOME LOAN WILL BE BASED PMAY & STAR PRAVASI LOANS )
ON CIBIL SCORE.

2. Star Top Up Loan

Rate of Interest applicable in respective Home Loan As per respective Home Loan schemes
account plus premium of 0.50% subject to minimum
1 year MCLR

3 Star Personal Loan Scheme

I. Fully Secured 1 Year MCLR +
4.50%
(MCLR-irrespective of any
amount) RBLR + 4.50%
(RBLR-Rs.1 lac and
above)
I. Clean/Unsecured 1 Year MCLR +
(MCLR-irrespective of any 5.50% One time 2.00% of loan amount
amount) Min. Rs.1,000/-
(RBLR-Rs.1 lac and RBLR + 5.50% Max. Rs.10,000/-
above)
 II. Financing secured 1 Year MCLR +
under tie up 4.50%
arrangements
(MCLR-irrespective of any RBLR + 4.50%
amount)
(RBLR-Rs.1 lac and
above)
I. For Senior Citizen 1 Year MCLR + Senior Citizen (60 years & above)
aged 60 years & 3.50% No Processing Charges
above for Loans Upto
Rs.50,000/-
. Star Pensioner Loan Scheme
Fully 1 Year MCLR +2.50% Pensioners:
Secured/Clean/ One time 2.00% of loan amount
Unsecured Min. Rs. 500/- Max.Rs.2,000/-
(MCLR- RBLR + 2.50% No Processing Charges for senior citizens (60
( (fully Secured ) years & above)
irrespective of
any amount)
(RBLR-Rs.1 lac
and above)
5. Star Vehicle Loan

4 Wheelers / 2 Wheelers including Super Bikes:
New & 2nd Hand Vehicle –
1 Year MCLR + 0.60 % (irrespective of loan
amount)
RBLR + 0.60% (loan amount of Rs.7.50 lacs and wheeler)
above)
BORROWER HAS CHOICE TO OPT
BETWEEN MCLR OR RBLR
**PLEASE NOTE RATE OF INTEREST WILL
BE BASED ON CIBIL SCORE.
For New Four 0.25% of limit, minimum
Wheeler Loan Rs.1000/- and
Max.Rs.5,000
For New Two 1% of loan amount
wheeler/2nd minimum Rs.500/- and
hand vehicles Max.Rs.10,000
(both 2/4
In case of Partnership firms and Corporate
borrowers, processing charges will be double
that applicable to individuals.
No processing charges for Senior Citizen, Retired
Employees of the Bank and Pensioners drawing
Pension from the Bank.
For Rural areas:
Processing charges will be 75% of that
applicable to individual borrowers provided loan
is availed by borrowers from rural areas/ from
rural branches.
PROCESSING CHARGES ARE WAIVED UPTO
31.12.2019 FOR INDIVIDUALS ONLY.

6. i. Star Education Loans:-

Limit upto Rs.7.50 1 Year MCLR No processing charges.
lacs to covered +1.70%
under Credit a) No Processing charges – for study in India.
Guarantee Fund b) For study abroad : Processing charges Rs.5,000/-
Scheme (Processing charge excluding Service Tax to be refunded
Above Rs.7.50 lacs 1 Year MCLR + once actual loan is availed. Applicant/s to be suitably
2.50%
 Concessions*: advised about this condition at the time of submission of
a) for Girl Students: 0.50 % application and consent letter to be obtained from the
b) All students pursuing applicant/s to avoid dispute at later stage)
professional courses (Like
Engineering /Medical Student applicant may be required to pay fee/charges, if any,
/Management etc.) are eligible levied by third party service providers who operate common
for 0.50 % interest concession. portal for lodging loan applications set up.
Maximum concession under (a)
& (b) is 1 % p.a. subject to, One time charges for any Deviations from the Scheme norms
minimum one year MCLR including approval of courses outside scheme –
Up to Rs.4.00 lacs Rs. 500/-*
HIGHER AMOUNTS ABOVE Rs.20.00 Over Rs.4.00 lacs up to Rs.7.50 lacs Rs.1,500/-*
LACS ARE ALSO SANCTIONED ON Over Rs.7.50 lacs up to Rs.20.00 lacs Rs.3,000/-*
CASE TO CASE BASIS. *Per Deviation

ii. Star Vidya Loan: Same as Star Education Loan scheme

For studies in India in Premier
Institutes
Max. Rs. 30.00 lacs

1 year MCLR

iii.Pradhan Mantri Kaushal Rin Yojana NIL

1 Year MCLR + 1.50%

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)
One time @ 1% of sanctioned loan amount Min.
Rs.5,000/- and Max. Rs.50,000/-.
(i) Loan/ Overdraft Reducible For Mortgage OD (Reducible)
1 Year
(Monthly Reducible Limit) 0.50% of the Sanctioned limit min.Rs.5,000/- and
MCLR Max. Rs.30,000/- for 1st year at the time of original
+2.00% sanction.
0.25% of the Reviewed limit min.Rs.2,500/- and
Max. Rs.15,000/- for subsequent years.

(ii) Overdraft (Non-Reducible) For Mortgage OD (Not reducible )

1 Year 0.50% of the Sanctioned/Reviewed limit
MCLR + min.Rs.5,000/- and
2.50% Max. Rs.30,000/- 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.
8. BOI STAR DOCTOR PLUS (RETAIL) SCHEME
i) Personal Loan
Fully Secured 1 Year MCLR + 2.00% +
BSS (0.30%)
Clean/Unsecured 1 Year MCLR + 3.00% +
BSS (0.30%)
 ii) Vehicle Loan 50% concession in charges as applicable to
members of public. for Personal Loan and Vehicle
4 Wheelers:
loan
a. New Vehicle 1 Year MCLR +0.40% +
BSS (0.30%)
b. Second hand vehicles 1 Year MCLR + 0.40% +
BSS (0.30%)

9. STAR REVERSE MORTGAGE LOAN SCHEME

2.30% + BSS 0.30% above 1 year MCLR p.a. (fixed) Loan Amount Processing Charges
at monthly rests for the loan tenure subject to reset Upto Rs.5 lacs Rs.1250 + GST
clause at the end of every 5 years period (present BSS Upto Rs.10 lacs Rs.2500 + GST
0.30% above 1 year MCLR) Upto Rs.20 lacs Rs.5000 + GST
Upto Rs.25 lacs Rs.6250 + GST
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.

10. Access to own credit report – charges per report max. Rs.50/-

11. CERSAI registration Fees: As per Annexure.

Annexure-I
Fee Chargeable as specified in the Table under rule 7
All the charges are excluding GST
Serial Nature of transaction to be Rule Form Amount of fee payable
No Register .
1. Particulars of creation or Sub-rule (2) Form Rs.100 for creation and for any
modification of security interest by of rule 4. I subsequent modification of security
way of mortgage by deposit of title interest for a loan above Rs.5 lakh.
deeds. For a loan upto Rs.5 lakh, the fee would
be Rs.50 for both creation and
modification of security interest.
2. Particulars of creation or Sub-rule (2A) Form NIL
modification of security interest by of rule 4. I
way of mortgage of immovable
property other than by deposit of title
deeds
3. Particulars of creation or Sub-rule (2B) Form Rs.100 for creation and for any
modification of security interest in of rule 4. I subsequent modification of security
hypothecation of plant and interest for a loan above Rs.5 lakh.
machinery, stocks, debt including For a loan upto Rs.5 lakh, the fee would
book debt or receivables, whether be Rs.50 for both creation and
existing or future. modification of security interest.
4. Particulars of creation or Sub-rule (2C) Form Rs.100 for creation and for any
modification of security interest in of rule 4. I subsequent modification of security
intangible assets, being know-how, interest for a loan above Rs.5 lakh.
patent, copyright, trade mark,
licence, franchise or any other For a loan upto Rs.5 lakh, the fee would
business or commercial right of be Rs.50 for both creation and
similar nature modification of security interest.
5. Particulars of creation or Sub-rule (2D) Form Rs.100 for creation and for any
modification of security interest in of rule 4. I subsequent modification of security
any under construction residential or interest for a loan above Rs.5 lakh.
commercial building or a part thereof For a loan upto Rs.5 lakh, the fee would
by an agreement or instrument other be Rs.50 for both creation and
than by mortgage. modification of security interest.
6. Particulars of satisfaction of charge Sub-rule Form NIL
for security interest filed under sub- (2),(2A), (2B), II
rule (2) and (2A) to (2D) of rule 4 (2C), (2D) of
rule 4.
7. Particulars of securitization or - Form Rs.500/-
reconstruction of financial assets III
 8. Particulars of satisfaction of - Form Rs.50/-
securitization or reconstruction IV
transactions
9. Any application for information - - Rs.10/-
recorded/maintained in the Register
by any person
10. Any application for condonation of Sub-rule (2) - Not exceeding 10 times of the basic fee,
delay up to 30 days of rule 5. as applicable
ADDITIONAL FEE APPLICABLE FOR DELAY IN FILING OF RECORDS WEF 22.1.2016
Sr. No. Number of days of delay Additional fee to Illustration
in filing of chargeable charged
transaction
1 From 31 to 40 days Twice the amount of If the applicable fee is Rs.100/- then additional
applicable fee fee applicable will be Rs.200/-
2 From 41 days to 50 days Five times the amount of If the applicable fee is Rs.100/- then additional
applicable fee fee applicable will be Rs.500/-
3 From 51 days to 60 days Ten times the amount of If the applicable fee is Rs.100/- then additional
applicable fee fee applicable will be Rs.1000/-
All the above charges are excluding GST
Provided that where particulars of transaction of creation or modification of more than one
security interest are filed by a person, the fee payable by such person shall be the one that is the
highest among the fee prescribed for security interest for which particulars of creation or
modification are filed by such persons.