RETAIL LOANS – INTEREST RATES /PROCESSING CHARGES

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

RATE OF INTEREST
All linked to RBLR/MCLR PROCESSING CHARGES
RBLR 7.25 % w.e.f. 01.04.2020
& BOI MCLR 7.95 % w.e.f. 01.04.2020 (All charges are Exclusive
of GST)
1 (a) Star Home Loan/Star Smart Home Loan/ Star Home Loan/Star
Star Diamond Home Loan Smart Home Loan/Star
Pravasi Home Loan:
Floating Category-Up to 30 years For Individuals –
For all loan amounts: -

Salaried Self Employed 0.25 % of loan amount

CIBIL- RBLR + 0.00% = 7.25% Min. Rs. 1500/- Max. Rs.
Personal (no further concession for women 20000/-
Score of beneficiary)
760 and For Partnership firms and
above Corporates:
CIBIL- RBLR + 0.15% RBLR + 0.25% = Processing charges to be
Personal = 7.40% 7.50% double that of applicable to
Score (for women (for women individuals.
between beneficiary) beneficiary) i.e. @ 0.50% of the loan
725 to 759 RBLR + 0.20% = RBLR + 0.30% = amount Min. Rs.3000/- and
7.45% 7.55% Max. Rs.40000/-
(for others) (for others)
For Rural areas: -
CIBIL- RBLR + 0.25% RBLR + 0.85% =
Processing charges 75% of
Personal = 7.50% 8.10%
that applicable to individuals
Score (for women (for women
in respect of loan availed by
between beneficiary) beneficiary)
borrowers from rural
675 and RBLR + 0.30% = RBLR +0.90% =
branches.
724 7.55% 8.15%
Min. rs.1500/- & Max.
(for others) (for others)
rs.20000/-
CIBIL- RBLR +0.15% RBLR + 0.25% =
Personal =7.40% 7.50% Star Diamond Home Loan:
Score of -1 (for women (for women One-time processing charge
and 0 beneficiary) beneficiary) of Rs.50000/- or maximum
(Sanctioning in as per Star Home Loan
this bracket will Scheme, whichever is
be the next higher
higher authority
i.e. one level
above usual
sanctioning
authority)
RBLR +0.20% = RBLR +0.30% =
7.45% 7.55% As per respective Home
(for others) (for others) Loan schemes
(Sanctioning in this
bracket will be at
the next higher
authority i.e. one
level above usual
sanctioning
authority)

*PLEASE NOTE RATE OF INTEREST FOR STAR

HOME LOAN/STAR SMART HOME LOAN & STAR
DIAMOND HOME LOAN WILL BE BASED ON
CIBIL SCORE.
CRE-RH-Home Loans will attract 0.50% additional
rate of interest
1 (b) Home Loans presently not linked to
CIBIL Personal Score
i.e. entities other than individuals & Star
Pravasi Loan: -
 REPO Linked
For women RBLR + 0.05% = 7.30%
beneficiary (Star
Pravasi)
For other (Star RBLR + 0.10% = 7.35%
Pravasi,
Corporates, etc)

2. Star Top Up Loan

Rate of Interest applicable in respective Home Loan As per respective Home

account plus premium of 0.50% subject to minimum Loan schemes
RBLR

3 Star Personal Loan Scheme

a. Fully Secured RBLR + 4.50%

= 11.75% One time 2.00% of loan
b. Clean/Unsecured RBLR + 5.50% amount
= 12.75% Min. Rs.1,000/-
c. For senior Citizens aged RBLR + 3.50% Max. Rs.10,000/-
60 = 10.75%
years and above & for Senior Citizen (60 years &
loans up to Rs. 50000.00 above) No Processing
d. Financing Secured RBLR + 4.50% Charges
under tie-up arrangements = 11.75%
Star Pensioner Loan Scheme
4 Pensioners:
One time 2.00% of loan
Fully RBLR + amount
Secured/clean/unsecured as 2.50% = Min. Rs. 500/-
per Star Pensioner Loan 9.75% Max.Rs.2,000/-
Scheme No Processing Charges for
senior citizens (60 years &
above)

5. (a) Star Vehicle Loan for individuals

 4 Wheelers / 2 Wheelers including Super
For New 0.25% of limit,
Bikes: New & 2nd Hand Vehicle –
Four- minimum
Wheeler Rs.1000/- and
Loan Max.Rs.5,000
Salaried Self
For New 1% of loan
Employed
Two- amount
CIBIL- RBLR + RBLR + wheeler/2nd minimum
Personal 0.50% = 0.60% hand Rs.500/-
Score of 7.75% = 7.85% vehicles and
760 and
(both 2/4- Max.Rs.10,000
above wheeler)
CIBIL- RBLR + RBLR + No processing charges for Senior
Personal 0.75% = 0.85% = Citizen, Retired Employees of the
Score 8.00% 8.10% Bank and Pensioners drawing
between Pension from the Bank.
725 and 759 For Rural areas:
CIBIL- RBLR RBLR + Processing charges will be 75%
Personal +0.80% = 0.90% of that applicable to individual
Score 8.05% = 8.15% borrowers provided loan is
between availed by borrowers from rural
675 and 724 areas/ from rural branches.
CIBIL- RBLR + RBLR + Min. rs.1500/- & Max.
Personal 0.90% = 1.10% rs.20000/-
Score of -1 8.15% = 8.35%
&0

**PLEASE NOTE RATE OF INTEREST

WILL BE BASED ON CIBIL SCORE FOR
INDIVIDUALS AND SELF EMPLOYED

(b) Star Vehicle Loan In case of entities

other than individuals In case of Partnership firms
and Corporate borrowers,
REPO Linked processing charges will be
RBLR + 0.75% = 8.00% double that applicable to
individuals.

6. i. Star Educational Loans: Educational Loan as per IBA scheme

Up to Rs. 7.5 Lakhs RBLR + 1.70% = No processing charges.
covered under CGFSEL 8.95%%
Above Rs. 7.50 Lakhs RBLR + 2.50% = • No Processing charges – for
9.75%% study in India.
Concessions*: • For study abroad:
• for Girl Students: 0.50 % Processing charges
• All students pursuing professional Rs.5,000/-
courses (Like Engineering /Medical (Processing charge excluding
/Management etc.) are eligible for 0.50 GST will be refunded once actual
% interest concession. loan is availed. Applicant/s are
Maximum concession under (a) & (b) suitably advised about this
is 1 % p.a. subject to, minimum RBLR condition at the time of
submission of application and
consent letter will be obtained
from the applicant/s to avoid
HIGHER AMOUNTS ABOVE Rs.20.00 LACS dispute at later stage).
ARE ALSO SANCTIONED ON CASE TO CASE
Student applicant may be
BASIS.
required to pay fee/charges, if
any, levied by third party service
ii. Star Vidya Loan
providers who operate common
For studies in India in Premier Institutes Max.
portal for lodging loan
Rs. 30.00 lacs
applications set up.
Institutes as per List A RBLR One-time charges for any
Institutes as per List B RBLR Deviations from the Scheme
Institutes as per List C RBLR norms including approval of
courses outside scheme
Up to Rs. 500/-*
Rs.4.00
lacs
Over Rs.1,500/-*
Rs.4.00
lacs up to
Rs.7.50
lacs
Over Rs.3,000/-*
Rs.7.50
lacs up to
Rs.20.00
lacs
*Per Deviation
iii. Pradhan Mantri Kaushal Rin Yojana NIL

RBLR + 1.50 = 8.75%

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
Loan/Reducible OD RBLR + 2.00% = instalments)
9.25% One time @ 1% of sanctioned
OD-Non-Reducible RBLR + 2.50% = loan amount Min. Rs.5000/- and
9.75% 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 up to Rs.5000/- +
Rs.10.00 lacs GST
Limit Rs.10000/ +
exceeding GST
Rs.10.00 lacs
& up to 1oo
lakhs
Loans over Rs.20000/ +
Rs.100 lakhs GST
up to Rs.500
lakhs
8. BOI STAR DOCTOR PLUS (RETAIL) SCHEME

Personal Loans
1. Fully Secured RBLR + 2.00% = 50% concession in charges as
9.25% applicable to
2. Clean/Unsecured RBLR + 3.00% = Members of public for Personal
10.25% Loan and Vehicle loan
Vehicle Loan:4 Wheelers only
Doctor Plus (New RBLR + 0.40% =
vehicle & Second 7.65%
hand)

9. Star Holiday Loan One time 2.00% of loan

amount
1. Fully Secured RBLR + 4.50% = Min. Rs.1,000/-
11.75% Max. Rs.10,000/-
2. Clean/Unsecured RBLR + 5.50% =
12.75% Senior Citizen (60 years &
above) No Processing Charges

10. Star IPO 1% of limit sanctioned min.

Rs.1000/- and max. Rs.5000/-
Up to 60 days RBLR + 3.25% = per account to be recovered at
10.50% the time of sanction of limit and
Over 60 days RBLR + 4.50% = at annual review.
11.75%
 11. Earnest Money Deposit Scheme One-time Rs.500 per application

Short Term RBLR

(below 12
months)
Long Term (12 RBLR + 5.00% % =
months and 12.25%
above)

LOANS NOT LINKED TO RBLR AS PER RBI GUIDELINES AND CONTINUE TO

BE IN MCLR REGIME:

I) Pradhan Mantri Awas Yojana

For all loan amounts: -
Irrespective of loan 1-year MCLR
amount 0.25 % of loan amount
Min. Rs. 1500/- & Max. Rs.
20000/-
II) STAR MITRA PERSONAL LOAN SCHEME:

Fixed rate: 1 Year MCLR + 1.00% (CRP)+ Waived

0.30 (BSS)
III) STAR REVERSE MORTGAGE LOAN Loan Processing
SCHEME Amount Charges
Upto Rs.5 Rs.1250 +
1 Year MCLR + 2.30% (CRP) + 0.30% (BSS): lacs GST
Fixed for initial period of 5 years subject to Upto Rs.10 Rs.2500 +
reset clause at the end of every 5 years period. lacs GST
Upto Rs.20 Rs.5000 +
lacs GST
Upto Rs.25 Rs.6250 +
lacs 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.

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

B. 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 Form Rs.100 for creation and for any
modification of security interest (2) of rule I subsequent modification of
4.
 by way of mortgage by deposit security interest for a loan above
of title deeds. Rs.5 lakh.

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 Form NIL
modification of security interest (2A) of rule I
by way of mortgage of 4.
immovable property other than
by deposit of title deeds
3. Particulars of creation or Sub-rule Form Rs.100 for creation and for any
modification of security interest (2B) of rule I subsequent modification of
in hypothecation of plant and 4. security interest for a loan above
machinery, stocks, debt Rs.5 lakh.
including book debt or
receivables, whether existing or For a loan upto Rs.5 lakh, the fee
future. would be Rs.50 for both creation
and modification of security
interest.
4. Particulars of creation or Sub-rule Form Rs.100 for creation and for any
modification of security interest (2C) of rule I subsequent modification of
in intangible assets, being 4. security interest for a loan above
know-how, patent, copyright, Rs.5 lakh.
trade mark, licence, franchise or
any other business or For a loan upto Rs.5 lakh, the fee
commercial right of similar would be Rs.50 for both creation
nature and modification of security
interest.
5. Particulars of creation or Sub-rule Form Rs.100 for creation and for any
modification of security interest (2D) of rule I subsequent modification of
in any under construction 4. security interest for a loan above
residential or commercial Rs.5 lakh.
building or a part thereof by an
agreement or instrument other For a loan upto Rs.5 lakh, the fee
than by mortgage. would be Rs.50 for both creation
and modification of security
interest.
6. Particulars of satisfaction of Sub-rule Form NIL
charge for security interest filed (2), (2A), II
under sub-rule (2) and (2A) to (2B), (2C),
(2D) of rule 4 (2D) of rule
4.
7. Particulars of securitization or - Form Rs.500/-
reconstruction of financial III
assets
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
Sub-rule - Not exceeding 10 times of the
of delay up to 30 days (2) of rule basic fee, as applicable
5.
ADDITIONAL FEE APPLICABLE FOR DELAY IN FILING OF RECORDS WEF 22.1.2016
Sr. No. Number of days of Additional fee to Illustration
delay in filing of charged
 chargeable
transaction
1 From 31 to 40 days Twice the amount of If the applicable fee is Rs.100/- then
applicable fee additional fee applicable will be
Rs.200/-
2 From 41 days to 50 days Five times the If the applicable fee is Rs.100/- then
amount of applicable additional fee applicable will be
fee Rs.500/-
3 From 51 days to 60 days Ten times the amount If the applicable fee is Rs.100/- then
of applicable fee additional 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.