III.

STAR HOLIDAY LOAN SCHEME: [BC 109/12

dt.
01.04.2015]

Type of Finance

Revised
for
new
loans w.e.f.
01.04.2016

i. Fully Secured (Liquid collateral 3.00% + BSS

security like TDRs, NSCs, etc. at (0.30%)
least equal to 100% of loan amount
above
sanctioned).
1 Year MCLR
ii. Partly
Secured
: 3.50% + BSS
(Liquid collateral security like TDRs, (0.30%)
NSCs, etc. at least equal to 50% of
above
the loan amount sanctioned)
1 Year MCLR

iii Clean / Unsecured

.

4.25% + BSS
(0.30%)
above
1 Year MCLR

iv.Senior Citizens / Pensioners - loan 3.00% + BSS

amount upto Rs.50,000/- (where (0.30%)
pension payment is through an
above
account with the Branch disbursing 1 Year MCLR
the loan and EMI will be recovered
out of pension SB account)

Notes :Interest concession in respect of loan to woman

beneficiary under i to iii above: 0.50% p.a. (Ref. Br.
Cir.
No.
99/56
dt.
02.07.05)
continues.

IV. BOI STAR DOCTOR PLUS(RETAIL) SCHEME

Revised for new

loans w.e.f.
01.04.2016
Personal Loan
Fully Secured

4.00% + BSS
(0.30%) above 1
Year MCLR

Clean/Unsecured

5.00% + BSS
(0.30%) above 1
Year MCLR

Vehicle Loan
4 Wheelers:
a. New Vehicle- (Irrespective of 0.45% + BSS
tenure within repayment period as (0.30%) above 1
per scheme)
Year MCLR

b.
Second
hand
vehicles 1.25% + BSS
(Maximum repayment period 3 (0.30%) above 1
years)
Year MCLR

VII. STAR

VEHICLE

LOAN

SCHEME:

ROI FOR VEHICLE LOANS (BC 109/06 dated

01.04.2015)

Fully Secured Loans

4 Wheelers:

Revised ROI w.e.f.

01.04.2016
For New Loans
irrespective of
quantum of loan upto
scheme limit

b. New Vehicle- (Irrespective0.45% + BSS (0.30%)

of tenure within repaymentabove 1 Year MCLR
period as per scheme)

c. Second hand vehicles1.25% + BSS (0.30%)

(Maximum repayment periodabove 1 Year MCLR
3 years)
2 Wheelers (For New Loans4.00% + BSS (0.30%)
since 08.07.2013) (BC 107/85above 1 Year MCLR
dt.03.08.2013)@
(Irrespective of tenure within
repayment period as per
scheme)

Revised rates are applicable irrespective of the

quantum of loan within the scheme ceiling of Rs.200
lac and without any limit wise separate buckets.
Interest concession in respect of loan to woman
beneficiary 0.25%p.a. (Ref. BR. Cir. No. 99/56 dt.
02.07.05) continues, subject to minimum 1 Year
MCLR + BSS (0.30%).

Rate Of Interest in respect of Retail Loans/Advances

linked to Base Rate

period to be added to the principal and repayment

in equated monthly instalments (EMIs) be fixed
accordingly.
Penal interest @ 2% to be charged for loans
above Rs. 4 Lacs for the overdue amount and
overdue period.
Notes:
a) Interest concession for loans/advan
IX. STAR VIDYA LOAN SCHEME: [BC 109/08
Dated 01.04.2015].

Loan
Amount

Revised Rate of Interest for New loans

w.e.f. 01.04.2016

For loans 0.50% + BSS (0.30%) above 1 year

MCLR at monthly rests.
upto
Rs.7.50
lacs
For loans ROI for students of IIT/IIMs: BSS
(0.30%) above 1 Year MCLR(floating)
above
at monthly rests
Rs.7.50
lacs
ROI for students of other Premier
Institutes under Category A, B and
C (as per Annexure to BC 109/08
dated 01.04.2015): 0.50% +BSS
(0.30%) above 1 Year MCLR;
(floating) at monthly rests.
Concession in ROI to Girl Students:
0.50%, subject to minimum BSS
0.30% above 1 Year MCLR of the
Bank.
No concession for servicing of interest
during study / moratorium period. No
other concession will be available.

X. PRADHAN
MANTRI
KUSHAL
RIN
YOJANA (SKILL LOAN SCHEME)(BC 109/96 dated
22.07.2015)

Revised uniform Rate of1.50% + BSS (0.30%) over 1

Interest
forNew loansYear MCLR p.a. (floating) at
w.e.f. 01.04.2016
monthly rests.
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.
No other concession in ROI will be available.
XI. STAR IPO
SchemeRevised for existing loans w.e.f. 01.04.2016

Star
IPO

3.25% + BSS (0.30%) above 1 Year

MCLR Upto 60 days
4.50% + BSS (0.30%) above 1 Year
MCLR Over 60 days

XII. EARNEST MONEY DEPOSIT (EMD) SCHEME

(BC 109/103 dated 30.07.2015)

Scheme

Revised for new loans w.e.f.

01.04.2016

Earnest
Deposit

MoneyBSS (0.30%) above 1 Year MCLR

p.a.

Short Term
Long Term 5.00% + BSS (0.30%) above 1 Year
MCLR p.a.

star Home Loans

Provides loans to purchase a Plot for construction of
a House, to purchase/construct house/flat, as well as for
renovation/repair/alteration/addition to house/flat,
furnishing of house, Takeover of customer's housing loan
extended by other Banks/F.Is /NBFCs at highly flexible
and liberal terms and conditions.
Under the Bank Of India Home Loans services the
maximum loan amount is ` 300 lacs and repayment ranges
up to 20 years, with a very reasonable margin and
nominal processing charges. No commitment
/administrative charges.
The Home Loans are provided at very Competitive
Rates Of Interest, currently available in the industry.
In the Bank Of India Home Loans system there are
options for different EMI amounts for different periods
during tenure of loan to suit the customers' repayment
capacities. Prepayment of Loan permitted
Option for Floating as well as Fixed Rate of Interest.
Interest is calculated on daily balance basis which is
of great advantage to customer as it results in lower
interest amount.
Home Loans are given to NRIs as well as Persons of
Indian Origin.
Simplified application form/procedures for
convenience of customers, and speedy approvals.

Free Personal Accident Insurance Cover

Life Insurance Cover to borrowers for Loan
Protection(optional)

The Bank's corporate personality and philosophy are fully

reflected in the emblem, which is a five-pronged Star a
harmonious blend of traditional and the functional. The
elongated prong pointing upwards, conveys the Bank's drive
to achieve ascending goals. The Star is a beacon and guide
to those in need of direction.
BOI Star Personal Loan

Star Personal Loan Scheme provides loan to meet

various Personal requirements of customers and
their family.
Bank offers loans for marriage expenses, medical
expenses, educational expenses, purchase of
consumer durables etc. Maximum quantum of
advance is Rs.10.00 lakhs, depending upon the
income, with very attractive interest rate and easy
repayment plan.
Please approach our nearest Branch and avail the loan

to fulfil your personal needs.

Product

BOI Star Personal Loan Scheme

Eligibility

Salaried employees, Professionals and

individuals with high net worth, regular
pensioners or family pensioners drawing
regular monthly pension through
Branch,
Staff
members,
retired
employees
(other
than
dismissed/compulsorily retired) of our
Bank.

Types
of
advance

Demand/Term
Loan/Overdraft
(reducible as per repayment schedule)
Overdraft limit (not reducible as per
repayment schedule) maximum up to
Rs.1 lac to confirmed permanent
employees of Central/State Govt.
/Reputed Corporates and PSU's.

Purpose

Clean/Unsecured
loans
Marriage
expenses of
self,
son,

Secured loans
Repayment
of existing
housing
loans from

daughter or a
dependent
near relative.
Medical
Expenses
incurred/to
be incurred
for
self,
spouse,
children,
dependent
near relative.
For
education of
self/spouse/
children/
near
dependent
relatives.
For repairs/
renovation/
extension of
existing

other
banks/Financ
ial
Institutions,
etc.
Repairs/
Renovation/
Extension of
House
property.
Education of
self, spouse,
children,
near
dependent
relatives.
Purchase of
consumer
durables,
computers,
professional
equipments
etc.

house/flat.
Any
other
personal
expenses of
bonafide
nature
as
approved by
the Bank
Max.
Loan
Min. Size
of loan

Quantum
of Advance

Rs.5.00
lacs
Minimum size of
loan: - At Metro
and
Urban
Centres:
Rs.10,
000/At Rural and Semi
Urban centres: No
minimum size of
loan.

Rs.10.00
lacs
Minimum size of
loan: - At Metro
and
Urban
Centres:
Rs.10,
000/At Rural and Semi
Urban centres: No
minimum size of
loan.

10 times of
monthly net
Emoluments(
take
home

20 times of
monthly
Gross
Emoluments

pay) in case
of salaried
Employees

in case of
salaried
Employees

50 % of
Gross
Annual
Income
as
per
last
Income Tax
Returns for
professionals
/individuals
of high net
worth

100 % of
Gross
Average
Annual
Income
as
per last three
years Income
Tax Returns
for
professionals
/individuals
of high net
worth

Note :While fixing the limit. It should

be ensured that the net take home pay /
Income (net of EMI of the proposed
advance) is not less than 40 % of gross
income of the applicants.
Repayment Clean/Unsecured
loansSecured
36 Equated monthly instalmentsloans

Security

Other
Charges

w.e.f. one month after firstMaximum

disbursement. Exceptional cases60
up to 60 months
Equated
monthly
instalment
s
w.e.f.
one month
after first
disbursem
ent from
loan
account.
Equitable/Legal Mortgage of commercial or
residential
properties.
Hypothecation charge on assets acquired.
Collateral security in the form of pledge of
gold/gold ornaments, NSC/Indira Vikas
Patra, Bonds, Assignment of LIC policies,
Relief Bonds etc.
Stamp charges for documents: At actuals

For further information you may contact nearest Branch

of the Bank Loan at the sole discretion of Bank of India.
Interest Rates on Retail Loans

Annexure C

This Annexure is applicable only for ROI in respect

of Retail Loans/Advances linked to 1 Year Marginal Cost
of Funds based Lending Rate (MCLR) (i.e. loans
sanctioned on or after 01.04.2016)

Important Note:
As per RBI guidelines all rupee loans sanctioned and
credit limits renewed w.e.f. 1st April 2016 will be
priced with reference to the 1 Year Marginal Cost of
Funds Based Lending Rate (MCLR).
All Rate of Interest under Retail Loans is linked to 1
year MCLR. Any concession granted in Retail Loan
is subject to minimum 1 year MCLR + Business
Strategy Spread of 0.30%
1 year MCLR w.e.f. 1st April 2016 is 9.40% p.a.

 All rates (except ROI on Star Mitra Personal Loan

Scheme and Star Reverse Mortgage Loan Scheme)
are on floating rate basis.
I. STAR PERSONAL LOAN SCHEME [updated BC
109/10 dated 01.04.2015]

Revised for New

Loans
w.e.f.
01.04.2016
i. Fully Secured

4.00% + BSS
(0.30%) above 1 Year
MCLR

ii.Clean/Unsecured

5.00% + BSS
(0.30%) above 1 Year
MCLR

iii For Senior Citizens aged 60 years

3.00% + BSS
. & above for loans upto (0.30%) above 1 Year
Rs.50,000/MCLR

iv Financing Secured under tie-up

4.00% + BSS
. arrangements
(0.30%) above 1 Year
MCLR

Notes: (a) Interest concession in respect of advances to

woman beneficiary under (i) & (ii) above: 0.50% p.a.
(Ref. Br. Cir.No.99/56 dt. 02.07.05) Continues.

II. STAR PENSIONER LOAN SCHEME: [BC 109/11 dt.

01.04.2015]

New loans sanctioned after 01.04.2016)

iv Fully
2.00% +
BSS
. Secured/Clean/Unsecured as(0.30%) over 1 Year
per Star Pensioner LoanMCLR
Scheme (BC 109/11 dated(In case of availability
01.04.2015)
of
liquid
collateral
security over 25% of the

loan amount- interest

concession
to
be
extended @ 1bps for 1%
Security Max.100 bps.

III. STAR HOLIDAY LOAN SCHEME: [BC 109/12 dt.

01.04.2015]

Type of Finance

Revised for
new
loans w.e.f.
01.04.2016

i. Fully Secured (Liquid collateral security 3.00% + BSS

like TDRs, NSCs, etc. at least equal to (0.30%)
100% of loan amount sanctioned).
above
1 Year MCLR
ii.Partly
Secured
: 3.50% + BSS
(Liquid collateral security like TDRs, (0.30%)

NSCs, etc. at least equal to 50% of the

above
loan amount sanctioned)
1 Year MCLR
iii Clean / Unsecured
.

4.25% + BSS
(0.30%)
above
1 Year MCLR

iv Senior Citizens / Pensioners - loan 3.00% + BSS

. amount upto Rs.50,000/- (where pension (0.30%)
payment is through an account with the
above
Branch disbursing the loan and EMI will 1 Year MCLR
be recovered out of pension SB account)

Notes :Interest concession in respect of loan to woman

beneficiary under i to iii above: 0.50% p.a. (Ref. Br. Cir.
No.
99/56
dt.
02.07.05)
continues.

IV. BOI STAR DOCTOR PLUS(RETAIL) SCHEME

Revised for new

loans w.e.f.
01.04.2016
Personal Loan
Fully Secured

4.00% + BSS
(0.30%) above 1
Year MCLR

Clean/Unsecured

5.00% + BSS
(0.30%) above 1
Year MCLR

Vehicle Loan

4 Wheelers:
a. New Vehicle- (Irrespective of
0.45% + BSS
tenure within repayment period as (0.30%) above 1
per scheme)
Year MCLR
b.
Second
hand
(Maximum repayment
years)

vehicles
1.25% + BSS
period 3 (0.30%) above 1
Year MCLR

V. STAR MITRA PERSONAL LOAN SCHEME: [BC

109/13
dt.
01.04.2015]

Scheme

Revised for new loans from

01.04.2016

Star
Mitra1.00% + BSS (0.30%) above 1 Year
Personal Loan
MCLR [Fixed]
[Applicable only to the new loans]

VI. STAR LOAN AGAINST PROPERTY: - [BC 109/04

dated
01.04.2015]
FOR LOANS SANCTIONED w.e.f.01.04.2016

Nature of facility Revised Rate of Interest for new loans

w.e.f. 01.04.2016
Loan/
Overdraft 1.50% + BSS (0.30%) above 1 Year
Reducible
MCLR
(Monthly
Reducible Limit)
Overdraft
Reducible)

VII. STAR

(Non- 2.00% + BSS (0.30%) above 1 Year

MCLR

VEHICLE

LOAN

SCHEME:

ROI FOR VEHICLE LOANS (BC 109/06 dated

01.04.2015)

1
Fully Secured Loans
4 Wheelers:

Revised ROI w.e.f.

01.04.2016
For New Loans
irrespective of quantum
of loan upto scheme
limit

b. New Vehicle- (Irrespective0.45% + BSS (0.30%)

of tenure within repaymentabove 1 Year MCLR
period as per scheme)
c. Second
hand
vehicles1.25% + BSS (0.30%)
(Maximum repayment period 3above 1 Year MCLR
years)
2 Wheelers (For New Loans4.00% + BSS (0.30%)
since 08.07.2013) (BC 107/85above 1 Year MCLR
dt.03.08.2013)@
(Irrespective of tenure within
repayment period as per

scheme)

Revised rates are applicable irrespective of the quantum

of loan within the scheme ceiling of Rs.200 lac and
without any limit wise separate buckets.
Interest concession in respect of loan to woman
beneficiary 0.25%p.a. (Ref. BR. Cir. No. 99/56 dt.
02.07.05) continues, subject to minimum 1 Year MCLR +
BSS (0.30%).
Rate Of Interest in respect of Retail Loans/Advances
linked to Base Rate

VIII. STAR EDUCATION LOAN SCHEME: : [BC

109/07 dt. 01.04.2015]

Loan Amount

Revised
Interest

Rate

of

for New loans

w.e.f. 01.04.2016
For loans upto Rs.7.50 lacs

3.00% + BSS
(0.30%) above 1 Year
MCLR

For loans above Rs.7.50 lacs

2.50% + BSS
(0.30%) above 1 Year
MCLR

Education Loan covered under1.70%

+
BSS
Credit Guarantee Fund Scheme for(0.30%) above 1 Year
Education Loan(CGFSEL) limitMCLR
upto Rs.7.50 lacs

Simple interest to be charged during the repayment

holiday/ moratorium period.
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 from the date of commencement of

EMI.
The accrued interest during the repayment holiday
period to be added to the principal and repayment in
equated monthly instalments (EMIs) be fixed
accordingly.
Penal interest @ 2% to be charged for loans above
Rs. 4 Lacs for the overdue amount and overdue
period.
Notes:
a) Interest concession for loans/advances to woman
beneficiary: 0.50% p.a. for limits up to Rs.50,000/- and
1% for limits over Rs.50,000/- (Ref. Br. Cir. No. 101/25
dated
21.05.2007)
continues.
b) All students pursuing professional courses (like
Engineering/Medical/Management etc.) are eligible for
0.50% interest concession but max. Rate of Interest
concession under (a) and (b) above is 1.00%p.a. (BC
105/65 dated 07.07.2011)

IX. STAR VIDYA LOAN SCHEME: [BC 109/08 Dated

01.04.2015].

Loan
Revised Rate of
Amount w.e.f. 01.04.2016

Interest

for New loans

For loans 0.50% + BSS (0.30%) above 1 year

MCLR at monthly rests.
upto
Rs.7.50
lacs
For loans ROI for students of IIT/IIMs: BSS
(0.30%) above 1 Year MCLR(floating) at
above
monthly rests
Rs.7.50
lacs
ROI for students of other Premier
Institutes under Category A, B and C
(as per Annexure to BC 109/08 dated
01.04.2015): 0.50% +BSS (0.30%) above
1 Year MCLR; (floating) at monthly rests.
Concession in ROI to Girl Students:
0.50%, subject to minimum BSS 0.30%
above 1 Year MCLR of the Bank.

No concession for servicing of interest during

study / moratorium period. No other
concession will be available.

X. PRADHAN
MANTRI
KUSHAL
RIN
YOJANA (SKILL LOAN SCHEME)(BC 109/96 dated
22.07.2015)

Revised uniform Rate of Interest1.50% + BSS (0.30%)

forNew loans w.e.f. 01.04.2016 over 1 Year MCLR
p.a. (floating) at monthly
rests.
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.
No other concession in ROI will be available.

XI. STAR IPO

Schem Revised for existing loans w.e.f. 01.04.2016
e
Star
IPO

3.25% + BSS (0.30%) above 1 Year MCLR Upto

60 days
4.50% + BSS (0.30%) above 1 Year MCLR Over
60 days

XII. EARNEST MONEY DEPOSIT (EMD) SCHEME

(BC 109/103 dated 30.07.2015)

Scheme

Earnest
Deposit

Revised for new loans w.e.f.

01.04.2016
MoneyBSS (0.30%) above 1 Year MCLR p.a.

Short Term

 Long Term

5.00% + BSS (0.30%) above 1 Year

MCLR p.a.

XIII. STAR HOME LOAN SCHEME - [BC 109/01

dated 01.04.2015]

1.

Separate interest rate structure for the new Home

Loans granted/to be granted from 01.04.2016 is as under.
For Loans Sanctioned on or after 01.04.2016:

For Limits
For Limits of
upto
Rs.75 lacs &
Rs. 75 Lacs
above @
1 Year MCLR

9.40

9.40

PREMIUM

0.00

0.25

Business Strategic Spread

0.30

0.30

EFFECTIVE
APPLICABLE RATE

9.70

9.95 @

1. ROI concession of 0.25% to 0.50% in the normal

applicable rate on retail loans subject to minimum BSS
(0.30%) above 1 year MCLR to Jai Jawan Salary Plus
Account holders in terms of BC 105/164 dated
17.01.2012.
2. ROI concession of 0.25% in the normal applicable rate
on Home loans, Vehicle loans subject to minimum BSS
(0.30%) above 1 year MCLR to BOI Salary Plus
Account holders in terms of BC 104/149 dated
21.02.2011.
3. Loans initially granted on Fixed Rate Basis shall be
transferred to floating rate, upon completion of the
period for which fixed rate was offered.

XIV. STAR DIAMOND HOME LOAN:- : [BC 109/02

dt. 01.04.2015]

Limits

For limits
Rs.500 lac

Rate of Interest for new loans

w.e.f. 01.04.2016
over 0.25% + BSS (0.30%) over 1 year
MCLR p.a.

XV. STAR SMART HOME LOAN:- : [BC 109/16 dt.

01.04.2015]

Limits

Rate of Interest for New loans

w.e.f.01.04.2016

For limits up to Rs.75 BSS 0.30% above 1 year MCLR

lacs
p.a.

Loans above Rs.75 Lacs 0.25% + BSS (0.30%) above 1

up to Rs.100 Lacs
year MCLR p.a.
Loans over Rs.100 Lacs 0.50% + BSS (0.30%) above 1
year MCLR p.a.
XVI. PRADHAN MANTRI AWAS YOJANA

Limits

Rate of Interest for New

loans w.e.f.01.04.2016

Maximum Limit as per

guidelines of Priority Sector
Norms for Home Loan

BSS 0.30%above 1 year

MCLR p.a.(floating) at
monthly rests

XVII.BOI STAR TOP UP LOAN: (BC 109/108 dated

09.08.2015)
Rate of Interest presently applicable in respective Home
Loan account plus premium of 0.50% (floating ROI, p.a.
at monthly rests) subject to minimum BSS 0.30% above 1
year MCLR.

FOR EXAMPLE: If the ROI presently applied in the

Home Loan account is 1 Year MCLR (9.40%) + premium
(0.25%) the applicable ROI for TOP UP Loan will be BSS
0.30% above 1 Year MCLR+ 0.75 % ( 0.25+0.50)

XVIII.STAR REVERSE MORTGAGE LOAN

SCHEME
Loan granted on fixed rate for period of 5 years, subject to
reset at the end of every 5 years. Reset to be effected by
the Branches on case to case basis.

te of Interest for New loans w.e.f.01.04.2016

0% + BSS 0.30%above 1 year MCLR p.a. (fixed) at monthly rests for the l
ure subject to reset clause at the end of every 5 years period (present BSS 0.3
ve 1 year MCLR)

OI Star Personal Loan

Star Personal Loan Scheme provides loan to meet various Person

requirements of customers and their family.

Bank offers loans for marriage expenses, medical expenses, education

expenses, purchase of consumer durables etc. Maximum quantum of advan
is Rs.10.00 lakhs, depending upon the income, with very attractive inter
rate and easy repayment plan.

ase approach our nearest Branch and avail the loan to fulfil your perso
ds.

oduct

BOI Star Personal Loan Scheme

igibility

Salaried employees, Professionals and individuals wi

high net worth, regular pensioners or family pensione
drawing regular monthly pension through Branch, Sta
members,
retired
employees
(other
th
dismissed/compulsorily retired) of our Bank.

ypes of advance

Demand/Term Loan/Overdraft (reducible as per repayme

schedule)
Overdraft limit (not reducible as per repayment schedul
maximum up to Rs.1 lac to confirmed permane
employees of Central/State Govt. /Reputed Corporates an
PSU's.

urpose

Clean/Unsecured loans

Secured loans

ax.

Marriage expenses of
self, son, daughter or a
dependent
near
relative.

Repayment of existin
housing loans from
other banks/Financia
Institutions, etc.

Medical
Expenses
incurred/to be incurred
for
self,
spouse,
children,
dependent
near relative.

Repairs/ Renovation
Extension of Hous
property. Education o
self, spouse, children
near
dependen
relatives.

For
education
of
self/spouse/ children/
near
dependent
relatives.
For
repairs/
renovation/ extension
of existing house/flat.

Purchase of consume
durables, computer
professional
equipments etc.

Any other personal

expenses of bonafide
nature as approved by
the Bank
Loan

Rs.5.00

lacs

Rs.10.00

lac

in. Size of loan

uantum
dvance

of

Minimum size of loan: - At

Metro and Urban Centres:
Rs.10,
000/At Rural and Semi Urban
centres: No minimum size
of loan.

Minimum size of loan: Metro and Urban Centre

Rs.10,
000
At Rural and Semi Urb
centres: No minimum si
of loan.

10 times of monthly
net Emoluments(take
home pay) in case of
salaried Employees

20 times of monthl
Gross Emoluments i
case
of
salarie
Employees

50 % of Gross Annual
Income as per last
Income Tax Returns
for
professionals/individu
als of high net worth

100 % of Gros
Average
Annua
Income as per las
three years Incom
Tax
Returns
fo
professionals/individu
als of high net worth

Note :While fixing the limit. It should be ensured that t

net take home pay / Income (net of EMI of the propos
advance) is not less than 40 % of gross income of t
applicants.

payment

urity

her Charges

Clean/Unsecured
loans Secured lo
36
Equated
monthly Maximum
instalments w.e.f. one Equated
month
after
first monthly
disbursement. Exceptional instalments
cases up to 60 months
w.e.f.
month
a
first
disbursemen
from
l
account.
Equitable/Legal Mortgage of commer
or
residential
properti
Hypothecation charge on assets acquir

Collateral security in the form of pledg

gold/gold ornaments, NSC/Indira Vi
Patra, Bonds, Assignment of LIC polic
Relief Bonds etc.
Stamp charges for documents: At actual

further information you may contact nearest Branch of the Bank Loan at
e discretion of Bank of India.

erest Rates on Retail Loans

nexure C

s Annexure is applicable only for ROI in respect of Retail

ans/Advances linked to 1 Year Marginal Cost of Funds based Lending Rate
CLR) (i.e. loans sanctioned on or after 01.04.2016)

portant Note:

As per RBI guidelines all rupee loans sanctioned and credit limits renew
w.e.f. 1st April 2016 will be priced with reference to the 1 Year Marginal C
of Funds Based Lending Rate (MCLR).

All Rate of Interest under Retail Loans is linked to 1 year MCLR. A

concession granted in Retail Loan is subject to minimum 1 year MCLR
Business Strategy Spread of 0.30%
1 year MCLR w.e.f. 1st April 2016 is 9.40% p.a.

All rates (except ROI on Star Mitra Personal Loan Scheme and Star Reve
Mortgage Loan Scheme) are on floating rate basis.

TAR PERSONAL LOAN SCHEME [updated BC 109/10 dated 01.04.2015]

Revised for New Loans w

01.04.2016

Fully Secured

4.00% + BSS (0.30%) abov

Year MCLR

Clean/Unsecured

5.00% + BSS (0.30%) abov

Year MCLR

For Senior Citizens aged 60 years & above for 3.00% + BSS (0.30%) abov
loans upto Rs.50,000/Year MCLR

Financing Secured under tie-up arrangements

4.00% + BSS (0.30%) abov

Year MCLR

es: (a) Interest concession in respect of advances to woman beneficiary unde

ii) above: 0.50% p.a. (Ref. Br. Cir.No.99/56 dt. 02.07.05) Continues.

STAR PENSIONER LOAN SCHEME: [BC 109/11 dt. 01.04.2015]

w loans sanctioned after 01.04.2016)

Fully Secured/Clean/Unsecured as per Star2.00% + BSS (0.30%) over 1 Y

Pensioner Loan Scheme (BC 109/11 datedMCLR
01.04.2015)
(In case of availability of liq
collateral security over 25% of
loan amount- interest concession
be extended @ 1bps for
Security Max.100 bps.

STAR

HOLIDAY

LOAN

SCHEME: [BC

109/12

Type of Finance

Fully Secured (Liquid collateral security like TDRs, NSCs,

etc. at least equal to 100% of loan amount sanctioned).

dt.

01.04.20

Revised for n
loans w.e.f.
01.04.2016

3.00% + BSS
(0.30%) above

1 Year MCLR

Partly
Secured
:
(Liquid collateral security like TDRs, NSCs, etc. at least
equal to 50% of the loan amount sanctioned)

3.50% + BSS
(0.30%) above
1 Year MCLR

Clean / Unsecured

4.25% + BSS
(0.30%) above
1 Year MCLR

Senior Citizens / Pensioners - loan amount upto Rs.50,000/(where pension payment is through an account with the
Branch disbursing the loan and EMI will be recovered out
of pension SB account)

3.00% + BSS
(0.30%) above
1 Year MCLR

es :Interest concession in respect of loan to woman beneficiary under i to

ve: 0.50% p.a. (Ref. Br. Cir. No. 99/56 dt. 02.07.05) continu

BOI STAR DOCTOR PLUS(RETAIL) SCHEME

Revised for new loans w.

01.04.2016
Personal Loan

ly Secured

4.00% + BSS (0.30%) abov

Year MCLR

an/Unsecured

5.00% + BSS (0.30%) abov

Year MCLR

Vehicle Loan

Wheelers:

New Vehicle- (Irrespective of tenure within 0.45% + BSS (0.30%) abov

ayment period as per scheme)
Year MCLR

Second
hand
aximum repayment period 3 years)

vehicles1.25% + BSS (0.30%) abov

Year MCLR

STAR MITRA PERSONAL LOAN SCHEME: [BC 109/13 dt. 01.04.20

eme

Revised for new loans from 01.04.2016

r Mitra Personal Loan 1.00% + BSS (0.30%) above 1 Year MCLR [Fix
[Applicable only to the new loans]

STAR LOAN AGAINST PROPERTY: - [BC 109/04 dated 01.04.20

R LOANS SANCTIONED w.e.f.01.04.2016

Nature of facility

an/ Overdraft Reducible

onthly Reducible Limit)

Revised Rate of Interest for new loans w.e.f.

01.04.2016
1.50% + BSS (0.30%) above 1 Year MCLR

erdraft (Non-Reducible)

. STAR

2.00% + BSS (0.30%) above 1 Year MCLR

VEHICLE

LOAN

SCHEM

I FOR VEHICLE LOANS (BC 109/06 dated 01.04.2015)

ully Secured Loans

Wheelers:

Revised ROI w.e.f. 01.04.201

For New Loans irrespective o

quantum of loan upto scheme lim

New Vehicle- (Irrespective of tenure0.45% + BSS (0.30%) above 1 Y

ithin repayment period as per scheme)
MCLR

Second
hand
vehicles1.25% + BSS (0.30%) above 1 Y
Maximum repayment period 3 years)
MCLR

Wheelers (For New Loans since4.00% + BSS (0.30%) above 1 Y

8.07.2013) (BC 107/85 dt.03.08.2013)@MCLR
rrespective of tenure within repayment
eriod as per scheme)

vised rates are applicable irrespective of the quantum of loan within the sche
ing of Rs.200 lac and without any limit wise separate buckets.

erest concession in respect of loan to woman beneficiary 0.25%p.a. (Ref. B

No. 99/56 dt. 02.07.05) continues, subject to minimum 1 Year MCLR + B
30%).

e Of Interest in respect of Retail Loans/Advances linked to Base Rate

I. STAR EDUCATION LOAN SCHEME: : [BC 109/07 dt. 01.04.2015]

an Amount

loans upto Rs.7.50 lacs

Revised Rate of
for New loans
w.e.f. 01.04.2016

Inte

3.00% + BSS (0.30%) abov

Year MCLR

loans above Rs.7.50 lacs

2.50% + BSS (0.30%) abov

Year MCLR

ucation Loan covered under Credit Guarantee1.70% + BSS (0.30%) abov

nd Scheme for Education Loan(CGFSEL) limitYear MCLR
o Rs.7.50 lacs

Simple interest to be charged during the repayment holiday/ moratorium

period.

1% interest concession may be provided for loanees, if the interest is service

during the study period when repayment holiday is specified for
interest/repayment under the scheme. No concession will be available from
the date of commencement of EMI.
The accrued interest during the repayment holiday period to be added to the
principal and repayment in equated monthly instalments (EMIs) be fixed
accordingly.

Penal interest @ 2% to be charged for loans above Rs. 4 Lacs for the overdu
amount and overdue period.

es:

nterest concession for loans/advances to woman beneficiary: 0.50% p.a.

its up to Rs.50,000/- and 1% for limits over Rs.50,000/- (Ref. Br. Cir.
/25
dated
21.05.2007)
contin
All
students
pursuing
professional
courses
(
gineering/Medical/Management etc.) are eligible for 0.50% interest concess
max. Rate of Interest concession under (a) and (b) above is 1.00%p.a. (
/65 dated 07.07.2011)

STAR VIDYA LOAN SCHEME: [BC 109/08 Dated 01.04.2015].

an Amount Revised Rate of Interest for New loans w.e.f. 01.04.2016

loans upto 0.50% + BSS (0.30%) above 1 year MCLR at monthly rests.
7.50 lacs

loans ROI for students of IIT/IIMs: BSS (0.30%) above 1 Y

MCLR(floating) at monthly rests
ve Rs.7.50
s
ROI for students of other Premier Institutes und
Category A, B and C (as per Annexure to BC 109/08 dat
01.04.2015): 0.50% +BSS (0.30%) above 1 Year MCL
(floating) at monthly rests.

 Concession in ROI to Girl Students: 0.50%, subject

minimum BSS 0.30% above 1 Year MCLR of the Bank.

No concession for servicing of interest during study

moratorium period. No other concession will be available.

PRADHAN MANTRI KUSHAL RIN YOJANA (SKILL LOAN SCHEME)(

/96 dated 22.07.2015)

vised uniform Rate of Interest forNew loans1.50% + BSS (0.30%) over 1 Y

.f. 01.04.2016
MCLR p.a. (floating) at mon
rests.

1% interest concession may be provided for loanees, if the interest is service

during the study period when repayment holiday is specified for
interest/repayment under the scheme. No concession will be available after
commencement of repayment.
No other concession in ROI will be available.
STAR IPO

eme

Revised for existing loans w.e.f. 01.04.2016

r IPO 3.25% + BSS (0.30%) above 1 Year MCLR Upto 60 days

4.50% + BSS (0.30%) above 1 Year MCLR Over 60 days

. EARNEST MONEY DEPOSIT (EMD) SCHEME (BC 109/103 da

07.2015)

eme

Revised for new loans w.e.f. 01.04.2016

nest Money Deposit

BSS (0.30%) above 1 Year MCLR p.a.

Short Term
Long Term

5.00% + BSS (0.30%) above 1 Year MCLR p.a.

XIII. STAR HOME LOAN SCHEME - [BC 109/01

dated 01.04.2015]

2.

Separate interest rate structure for the new Home

Loans granted/to be granted from 01.04.2016 is as under.
For Loans Sanctioned on or after 01.04.2016:

For Limits
For Limits of
upto
Rs.75 lacs &
Rs. 75 Lacs
above @
1 Year MCLR

9.40

9.40

PREMIUM

0.00

0.25

Business Strategic Spread

0.30

0.30

EFFECTIVE
APPLICABLE RATE

9.70

9.95 @

1. ROI concession of 0.25% to 0.50% in the normal

applicable rate on retail loans subject to minimum BSS

(0.30%) above 1 year MCLR to Jai Jawan Salary Plus

Account holders in terms of BC 105/164 dated
17.01.2012.
2. ROI concession of 0.25% in the normal applicable rate
on Home loans, Vehicle loans subject to minimum BSS
(0.30%) above 1 year MCLR to BOI Salary Plus
Account holders in terms of BC 104/149 dated
21.02.2011.
3. Loans initially granted on Fixed Rate Basis shall be
transferred to floating rate, upon completion of the
period for which fixed rate was offered.

XIV. STAR DIAMOND HOME LOAN:- : [BC 109/02

dt. 01.04.2015]

Limits

Rate of Interest for new loans

w.e.f. 01.04.2016

For limits
Rs.500 lac

over 0.25% + BSS (0.30%) over 1 year

MCLR p.a.

XV. STAR SMART HOME LOAN:- : [BC 109/16 dt.

01.04.2015]

Limits

Rate of Interest for New loans

w.e.f.01.04.2016

For limits up to Rs.75 BSS 0.30% above 1 year MCLR

lacs
p.a.
Loans above Rs.75 Lacs 0.25% + BSS (0.30%) above 1
up to Rs.100 Lacs
year MCLR p.a.
Loans over Rs.100 Lacs 0.50% + BSS (0.30%) above 1
year MCLR p.a.
XVI. PRADHAN MANTRI AWAS YOJANA

Limits

Rate of Interest for New

loans w.e.f.01.04.2016

Maximum Limit as per

guidelines of Priority Sector
Norms for Home Loan

BSS 0.30%above 1 year

MCLR p.a.(floating) at
monthly rests

XVII.BOI STAR TOP UP LOAN: (BC 109/108 dated

09.08.2015)
Rate of Interest presently applicable in respective Home
Loan account plus premium of 0.50% (floating ROI, p.a.
at monthly rests) subject to minimum BSS 0.30% above 1
year MCLR.
FOR EXAMPLE: If the ROI presently applied in the
Home Loan account is 1 Year MCLR (9.40%) + premium
(0.25%) the applicable ROI for TOP UP Loan will be BSS
0.30% above 1 Year MCLR+ 0.75 % ( 0.25+0.50)

XVIII.STAR REVERSE MORTGAGE LOAN

SCHEME

Loan granted on fixed rate for period of 5 years, subject to

reset at the end of every 5 years. Reset to be effected by
the Branches on case to case basis.

Rate of Interest for New loans w.e.f.01.04.2016

2.30% + BSS 0.30%above 1 year MCLR p.a. (fixed) at
monthly rests for the loan tenure subject to reset clause at
the end of every 5 years period (present BSS 0.30%
above 1 year MCLR)