The Rate of Interest on Home Loans and Vehicle Loans will be based on CIBIL Score.

FESTIVE OFFER: PROCESSING CHARGES WAIVED TIL 31.12.2019 FOR INDIVIDUALS.

A. Effective Rate of Interest on Home Loan: MCLR (irrespective of loan amount) RBLR (for loan amount
of Rs. 30.00 lakhs and above) for individuals only (spread is from 0.10% to 1.00%)

ANNEXURE-I

Existing MCLR linked (Star Home Loan) Proposed REPO Linked (Star Home Loan)
Irrespective of loan amount and for For loan amount of Rs. 30.00 Lakhs and above & for
individuals only individuals only
(Spread is from 0.10% to 1.00%) (Spread is from 0.10% to 1.00%)
(present one year MCLR is 8.35%) (present REPO + Mark Up is 8.25%)
Salaried Self Employed Salaried Self Employed

CIBIL-Personal 1 Year MCLR +0.10% 1 Year MCLR +0.10% REPO + Mark-Up + CRP i.e. REPO + Mark-Up + CRP i.e.
Score of 760 i. e 8.45% i.e. e 8.45% 5.40% + 2.85% 5.40% + 2.85% +0.10%=8.35%
and above +0.10%=8.35%

1 Year MCLR +0.25% 1 Year MCLR +0.35% REPO + Mark-Up + CRP i.e. REPO + Mark-Up + CRP i.e.
for women i. e 8.60% for women i.e. 8.70% 5.40% + 2.85% +0.25% 5.40% + 2.85% +0.50%=8.60%
=8.50%
CIBIL-Personal 1 Year MCLR +0.30% 1 Year MCLR +0.40% REPO + Mark-Up + CRP i.e. REPO + Mark-Up + CRP i.e.
Score between for others i. e 8.65% for others i.e. 8.75% 5.40% + 2.85% + 0.30% 5.40% + 2.85% +0.40%=8.65%
725 to 759 =8.55%

CIBIL-Personal 1 Year MCLR +0.35% 1 Year MCLR +0.95% REPO + Mark-Up + CRP i.e. REPO + Mark-Up + CRP i.e.
Score between for women i. e 8.70% for women i.e. 9.30% 5.40% + 2.85% +0.35% 5.40% + 2.85% +0.95%=9.20%
675 and 724 (With delegation to (With delegation to =8.60%
(With delegation to
ZLCC/RBC Head for ZLCC/RBC Head for an (With delegation to
ZLCC/RBC Head for an
an additional additional concession ZLCC/RBC Head for an
additional concession of 10
concession of 10 of 10 Bps under this additional concession of 10
Bps under this bracket)
Bps under this bracket) Bps under this bracket)
bracket)
1 Year MCLR +0.40% 1 Year MCLR +1.00% REPO + Mark-Up + CRP REPO + Mark-Up + CRP i.e.
for others i.e. 8.75% for others i.e. 9.35% i.e. 5.40% + 2.85% 5.40% + 2.85% +1.00%=9.25%
+0.40%=8.65%
(With delegation to (With delegation to (With delegation to (With delegation to
ZLCC/RBC Head for ZLCC/RBC Head for an ZLCC/RBC Head for an ZLCC/RBC Head for an
an additional additional concession additional concession of 10 additional concession of 10
concession of 10 of 10 Bps under this Bps under this bracket) Bps under this bracket)
Bps under this bracket)
bracket)
CIBIL-Personal 1 Year MCLR +0.25% 1 Year MCLR +0.35% REPO + Mark-Up + CRP i.e. REPO + Mark-Up + CRP i.e.
Score of -1 and for women i.e. 8.60% for women i.e. 8.70% 5.40% + 2.85% +0.25% 5.40% + 2.85% + 0.35%
0 (Sanctioning in this =8.50% =8.60%
bracket will be at the (Sanctioning in this bracket
next higher authority will be at the next higher
i.e. one level above authority i.e. one level above
usual sanctioning usual sanctioning authority)
authority)
 1 Year MCLR +0.30% 1 Year MCLR +0.40% REPO + Mark-Up + CRP i.e. REPO + Mark-Up + CRP i.e.
for others i.e. 8.65% for others i.e. 8.75% 5.40% + 2.85% +0.30% 5.40% + 2.85% +0.40%=8.65%
(Sanctioning in this =8.55% (Sanctioning in this bracket
bracket will be at the will be at the next higher
next higher authority authority i.e. one level above
i.e one level above usual sanctioning authority)
usual sanctioning
authority)

 ln case of joint/ multiple borrowers, CIBIL Personal Score of the borrower or co-borrower/s (either/both/all are not having
score of -1/0) having highest score should be considered for deciding the pricing, delegation and acceptability of the
proposition.
 ln case of one borrower having CIBIL Personal Score of -1/0 with another having CIBIL Personal Score above 725, pricing,
delegation and acceptability of the proposition shall be decided on the basis of borrower having CIBIL Personal Score of 725
and above.
 ln case of one borrower having CIBIL Personal Loan Score of -1/0 with another having CIBIL Personal Score below 725,
pricing, delegation and acceptability of the proposition shall be decided on the basis of borrower having CIBIL Personal
Score of -1/0.
 CRE-RH-Home Loans will attract 0.50% additional rate of interest as usual.
 PMAY Loans and Star Pravasi Home Loans are outside the ambit of CIBIL linked pricing/delegations.
 B. Rate of Interest on Vehicle Loans:-

Existing Proposed
MCLR linked (Star Vehicle Loan) REPO Linked (Star Vehicle Loan)
Irrespective of loan amount and for individuals For loan amount of Rs. 7.50 Lakhs and above & for
only individuals only.
Spread is from 0.60% to 1.20% Spread is from 0.60% to 1.20%

(present one year MCLR is 8.35%) (present REPO + Mark Up is 8.25%)

CIBIL- 1 Year MCLR +0.60% 1 Year MCLR +0.70% REPO + Mark-Up + CRP REPO + Mark-Up + CRP
Personal i.e. 8.95% i.e. 9.05% i.e. 5.40% + 2.85% + i.e. 5.40% + 2.85% + 0.70%
Score of 760 0.60% =8.85% =8.95%
and above
CIBIL- 1 Year MCLR +0.85% 1 Year MCLR +0.95% REPO + Mark-Up + CRP REPO + Mark-Up + CRP
Personal i.e. 9.20% i.e. 9.30% i.e. 5.40% + 2.85% + i.e. 5.40% + 2.85% + 0.95%
Score between 0.85% =9.10% =9.20%
725 and 759
CIBIL- 1 Year MCLR +0.90% 1 Year MCLR +1.00% REPO + Mark-Up + CRP REPO + Mark-Up + CRP
Personal i.e. 9.25% i.e. 9.35% i.e. 5.40% + 2.85% +0.90% i.e. 5.40% + 2.85% + 1.00%
Score between =9.15% =9.25%
675 and 724

CIBIL- 1 Year MCLR +1.00% 1 Year MCLR +1.20% REPO + Mark-Up + CRP REPO + Mark-Up + CRP
Personal i.e. 9.35% i.e. 9.55% i.e. 5.40% + 2.85% + i.e. 5.40% + 2.85% + 1.20%
Score of -1 & 0 1.00% =9.25% =9.45%
 ln case of join/ multiple borrowers, CIBIL Personal Score of the borrower or co-borrower (either or both are not having score
of -1/0) having highest should be considered for deciding the pricing.
 ln case of one borrower having CIBIL Personal Score of -1/0 with another having Personal Score above 675, pricing,
delegation and acceptability of the proposition shall be decided on the basis borrower having CIBIL Personal Score of 675
and above.
 ln case of one borrower having CIBIL Personal Score of -1/0 with another having Personal Score below 675, pricing, delegation
and acceptability of the proposition shall be decided on the basis of borrower having CIBIL Personal Score of -1/0.