RETAIL LOANS – INTEREST RATES /PROCESSING CHARGES

w.e.f. 01-08-2023
(All loans at floating ROI, Per Annum at monthly rests except otherwise mentioned)

RATE OF INTEREST
All linked to RBLR/MCLR
RBLR 9.25% w.e.f. 01.08.2023 Processing charges
& BOI Yearly MCLR 8.70% w.e.f. 01.08.2023
(Spread is from -0.50% to 5.50%)
BSD is applicable from 01.08.2023 to 31.08.2023
1 (a) (i) Star Home Loan/Star Smart Home Loan/ For Individual Borrower
Star Diamond Home Loan One Time - 0.25% of loan
amount -
Floating Category-Up to 30 years Min.Rs.1,500/- and
Salaried Non-salaried Maximum
CIBIL- Takeover Rs. 20,000/-.
Personal RBLR + CRP 0.00% less BSD 0.75%
Score of presently 8.50% For Partnership firms &
760 and Corporate Processing
above Other than Takeover charge to be double that
RBLR + CRP 0.00% less BSD 0.65% Borrowers
presently 8.60% Processing charge to be
(no concession for women beneficiary) double that
Borrowers of individuals i.e.
CIBIL- Takeover
0.50% of loan
Personal RBLR + CRP 0.10% less BSD 0.75%
amount, minimum Rs.
Score presently 8.60%
3000.00 and
between max Rs. 40000.00
725 to 759 Other than Takeover
RBLR + CRP 0.10% less BSD 0.65% For Rural Areas -
presently 8.70% Applicable to individuals
(no concession for women beneficiary) in respect of loans availed
CIBIL- Takeover by borrowers from Rural
Personal RBLR + CRP 0.20% less BSD 0.75% Areas from the Rural
Score presently 8.70% Branches
between
675 and Other than Takeover Processing charge will be
724 RBLR + CRP 0.20% less BSD 0.65% 75% of that applicable to
presently 8.80% individuals in respect of
(no concession for women beneficiary) loans availed by borrowers
CIBIL- Salaried Non-Salaried in rural areas from the rural
Personal RBLR + 1.30 % RBLR + 1.45% branches, min: Rs. 1500.00
Score below presently 10.55% presently 10.70% and max: Rs. 15000.00
675 (For Women) (For Women)
(For Others)
RBLR + 1.35% RBLR +1.50%
presently 10.60% presently 10.75%
CIBIL- RBLR + CRP 0.30% less BSD 0.65%
Personal presently 8.90%
Score of -1 (no concession for women beneficiary)
and 0

*Please note rate of interest for Star Home loan/Star Smart

home loan and Star Diamond home loan will be based on
CIBIL personal score.
CRE-RH-Home Loans will attract 0.50% additional rate of
interest

1 (A) (ii) Home Loans linked with CIBIL Personal Score (in
case of Individuals)
(Note: ROI applicable for switchover of existing ROI from
Base Rate/MCLR/BOIFRR/BPLR to RBLR)

REPO Linked (Star Home Loan)

Irrespective of loan amount & for individuals
PRESENTLY REPO + MARK-UP = RBLR
i.e. 6.50 + 2.75 = 9.25%
(Spread is from 0.10% to 1.15%)
Salaried Self Employed As per respective Home
CIBIL- RBLR + 0.10%= 9.35% Loan schemes
Personal (no concession for women beneficiary)
Score of
760 and
above
CIBIL- RBLR + 0.25%= RBLR + 0.35% =
Personal 9.50% (for women 9.60 % (for women
Score beneficiary) beneficiary)
between RBLR + 0.30%= RBLR + 0.40%= 9.65%
725 to 9.55% (for others)
759 (for others)
CIBIL- RBLR + 0.45%= RBLR + 1.05%=
Personal 9.70% 10.30%
Score (for women (for women beneficiary)
between beneficiary)
675 and RBLR + 0.50%=9.75% RBLR +1.10%=
724 (for others) 10.35% (for others)
RBLR + 0.50%= RBLR +
CIBIL- 9.75% (for women 1.10%=10.35%
Personal beneficiary) (for women beneficiary)
Score RBLR + RBLR +1.15%=
below 675 0.55%=9.80%(for 10.40%
others) (for others)
CIBIL- RBLR + 0.35%= RBLR + 0.45%= 9.70%
Personal 9.60% (for women beneficiary)
Score of (for women
-1 and 0 beneficiary)
RBLR + 0.40%= RBLR + 0.50%= 9.75%
9.65% (for others)
(for others)
1 (b) (i) Home Loans presently not linked to CIBIL
i.e. entities other than individuals & And Star Pravasi
Loan:-

(Note: ROI applicable for sanctioning of all new home loans)

REPO Linked
For Star Pravasi RBLR + CRP 0.00% less BSD 0.65%
(Women presently 8.60%
Beneficiary)
For others (Star RBLR + CRP 0.10% less BSD 0.65%
Pravasi, presently 8.70%
Corporates, etc.)

2. Star Top Up Loan As per respective Home

Loan schemes
Rate of Interest applicable in respective Home Loan account
plus premium of 0.50% subject to minimum RBLR

3. Star Suvidha Express Personal Loan(SSEPL)

Rs.1000/-

Salaried/Pensioner RBLR+1.00%=10.25
For Others RBLR+2.00%=11.25

4. Star Personal Loan Scheme

Salaried/ECS Non-
Salaried
Irrespective of loan amount & for individuals
One time @ One time @
Spread is from 3.50% to 5.50% 0.50% of loan 1.00% of
1. Fully Secured RBLR + 4.50% = 13.75% amount loan amount
2. Clean/Unsecured RBLR + 5.50% = 14.75% Min.Rs.500/- Min.Rs.750/-
For Senior Citizens RBLR + 3.50% = 12.75% and and
Max.Rs.2500 Max.Rs.500
aged 60 years and /- 0/-
above & for loans
up to Rs. 50000.00 Senior Citizen (60 years &
3. Financing RBLR + 4.50% = 13.75% above) No Processing
Secured under tie- Charges
up arrangements

5. Star Pensioner Loan Scheme

Senior Citizen (60 years &
above) No Processing
Fully RBLR + 2.50% = 11.75% Charges
Secured/clean/unsecure For other One time @ 0.50%
d as per Star Pensioner of loan amount Min.Rs.250/-
Loan Scheme and Max.Rs.1000/-
 (a) (i) Star Vehicle Loan for individuals
Vehicle Loans linked to CIBIL Personal Score: 1) For New Four Wheeler
(Note: ROI applicable for sanctioning of all new Vehicle loans) Loan/Water vehicle Loan:
4 Wheelers / Super Bikes (Above 5.00 Lakhs) 0.25% of limit, Min Rs.1000/-,
Max. — Rs.5000/-.
REPO Linked (Star Vehicle Loan-New Four
Wheeler/Super Bike (5.00 Lakh and above) 2) For New Two Wheeler
for individuals Loan/2nd hand vehicle
(Spread is from 0.00% to 1.50% (both 2/4 wheelers):
Salaried Self Employed 1% of the Loan amount,
CIBIL- RBLR + CRP 0.00% Less BSD 0.40% =8.85% Minimum Rs.500/- and
Personal Max.Rs.10000/-
Score of
760 and 3) For Rural Branches:
above Processing charge will be
CIBIL- RBLR + CRP 0.10% Less BSD 0.40% =8.95% 75% of above that
Personal applicable for individual
Score
borrowers, subject to
between 725
and 759 minimum of Rs.500/-
CIBIL- RBLR + CRP 0.20% Less BSD 0.40% =9.05% in respect of loans availed by
Personal borrowers of rural areas/ from
Score rural Branches
between 675
and 724
CIBIL- RBLR + 1.40% RBLR + 1.50% presently
Personal presently 10.65% 10.75%
Score below
675
CIBIL- RBLR + CRP 0.50% Less BSD 0.40% =9.35%
Personal
Score of -1 &
0

Salaried Non-Salaried
RBLR + 1.75% = RBLR + 1.85% =
For Two Wheelers 11.00% 11.10%
For Second RBLR + 1.90% = RBLR + 2.00% =
hand Vehicles 11.15% 11.25%

**PLEASE NOTE RATE OF INTEREST WILL BE

BASED ON CIBIL PERSONAL SCORE FOR
SALARIED AND SELF EMPLOYED

(a) (ii) Vehicle Loans linked to CIBIL Personal Score:

(Note: ROI applicable for switchover of existing ROI from
Base Rate/MCLR to RBLR)

Proposed
REPO Linked (Star Vehicle Loan-
New/Second Hand)
Irrespective of loan amount & for
individuals
Spread is from 0.60% to 1.35%
Salaried Self Employed
CIBIL- RBLR + 0.60% = RBLR + 0.70% = 9.95%
Personal 9.85%
Score of 800
and above
 CIBIL- RBLR + 0.85% = RBLR + 0.95% =
Personal 10.10% 10.20%
Score
between 750
and 799
CIBIL- RBLR + 1.00% = RBLR + 1.10% =
Personal 10.25% 10.35%
Score
between 700
and 749
CIBIL- RBLR + 1.15% = RBLR + 1.35%=
Personal 10.40% 10.60%
Score below
700
CIBIL- RBLR + 1.10% = RBLR + 1.30% =
Personal 10.35% 10.55%
Score of -1 &
0

6 (b) (i) In case of entities other than individuals

(Note: ROI applicable for sanctioning of all new Vehicle loans)

CMR-3 & Better RBLR 9.25%+CRP 0% Less

BSD 0.40% presently 8.85%
CMR-4 & CMR-5 RBLR 9.25%+CRP 0.10%
Less BSD 0.40% presently
8.95%
CMR-6 onwards RBLR 9.25% + CRP
0.75% presently 10.00%
No CMR Available/ RBLR 9.25%+CRP 0.20%
CMR Not Applicable Less BSD 0.40% presently
9.05%

@additional 0.10% CRP will be charged for

customers who intend to switchover from
BOIFRR/BPLR/Base Rate/MCLR to RBLR.

7. i. Star Educational Loans :

No processing charges.
A. Educational Loan as per IBA scheme
a) No Processing charges –
Spread is from 1.70% to 2.50%
for study in India.
Up to Rs. 7.5 Lakhs covered RBLR + 1.70% = 10.95%
b) For study abroad:
under CGFSEL
Processing charges
Above Rs. 7.50 Lakhs RBLR + 2.50% = 11.75% Rs.5,000/-
B. Star Vidya Loan : (Processing charge
For studies in India in Premier Institutes Max. Rs. 40.00 lacs excluding GST will be
Irrespective of loan amount refunded once actual loan is
Spread is 0.00% availed. Applicant/s are
Institutes as per List A RBLR suitably advised about this
Institutes as per List B RBLR condition at the time of
Institutes as per List C RBLR submission of application and
 consent letter will be obtained
Proposed ROI for Education from the applicant/s to avoid
Loan dispute at later stage).
(Under Star Vidya Loan RBLR 9.25% + CRP 0% less
Student applicant may be
Scheme – Category A BSD 0.75% presently 8.50%
required to pay fee/charges,
Institutions and all IITs and if any, levied by third party
IIMs) till 30.09.2023
service providers who
operate common portal for
lodging loan applications set
up.
Concessions*: One time charges for any Deviations
from the Scheme norms including
a) for Girl Students: 0.50 % approval of courses outside scheme
b) All students pursuing professional courses (Like Up to Rs.4.00 Rs. 500/-*
Engineering /Medical /Management etc.) are eligible for lacs
0.50 % interest concession. Over Rs.4.00 Rs.1,500/-*
lacs up to
Maximum concession under (a) & (b) is 1 % p.a. subject Rs.7.50 lacs
to, minimum RBLR Over Rs.7.50 Rs.3,000/-*
lacs up to
Rs.20.00
lacs

*Per Deviation
iii. Pradhan Mantri Kaushal Rin Yojana NIL

RBLR + 1.50 = 10.75%

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.
8. Star Loan Against Property
(a) For individuals : For Loan (Repayable by
(Note: Applicable to both new/review of accounts) installments)
One time @ 1% of
REPO Linked Irrespective of loan sanctioned loan amount Min.
amount & for individuals Rs.5000/- and Max.
i.e. salaried and self employed Rs.50000/-.
Spread is from 2.00 to 3.50% For Mortgage OD (Reducible)
Term Loan OD (Reducible) 0.50% of the Sanctioned limit
CIBIL-Personal RBLR + 2.00% = RBLR + 2.25% = 11.50% min.Rs.5,000/- and Max.
Score of 760 and 11.25% Rs.30000/- for 1st year at the
above
time of original sanction.
CIBIL-Personal RBLR + 2.50% = RBLR + 2.75% = 12.00%
0.25% of the Reviewed limit
Score between 675 11.75%
and 759 min.Rs.2,500/- & Max.
CIBIL-Personal RBLR + 3.00% = RBLR + 3.50% = 12.75% Rs.15000/- for subsequent
Score below 675 12.25% years.
(only for the
purpose of
reviewing of For Rural areas:
account and not Processing charges will be
meant for fresh 75% of those normal
sanction) @ applicable charges in respect
CIBIL-Personal RBLR + 2.75% = RBLR + 3.00% = 12.25% of loans availed by borrowers
Score of -1 & 0 12.00% from rural areas from rural
branches.
 Mortgage fees:-
8. (b) Other than Individuals: Limit upto Rs.5000/- +
(The entry level will be CMR-5. No deviation permitted for below Rs.10.00 GST
CMR-5) lacs
Limit Rs.10000/ +
Spread is from 2.00% to 2.50% exceeding GST
Loan/Reducible RBLR + 2.00% = Rs.10.00
OD 11.25% lacs & upto
1oo lakhs
Loans over Rs.20000/ +
Rs.100 lakhs GST
upto Rs.500
lakhs
9. BOI STAR DOCTOR PLUS (RETAIL) SCHEME

(Note: ROI applicable for sanctioning of all new loans as well as switchover Base Rate/MCLR to
RBLR)

Spread is from 2.00% to 3.00% for personal loans

Spread is 0.00% to 0.75% for Vehicle loan 50% concession in charges
Personal Loans as applicable to
1. Fully Secured RBLR + 2.00% = 11.25% Members of public for
2. Clean/Unsecured RBLR + 3.00% = 12.25% Personal Loan and Vehicle
loan
Vehicle Loan:4 Wheelers only (New & Second hand
vehicles)
Existing Borrowers with RBLR + 0.00% = 9.25%
credit facilities having
immovable properties as
primary or collateral
securities
New/Existing customers RBLR + 0.00% = 9.25%
with internal rating of
minimum entry based on
ABS of 31-03-2021 and
where CMR commercial
CIBIL score is not
applicable or, ECR of BBB
and above
New customers with RBLR + 0.20% =9.45%
internal rating of minimum
entry based on ABS of 31-
03-2021 and commercial
CIBIL Score -CMR 5
and below

10. Star IPO One time 2.00% of loan

amount
(Note: ROI applicable for sanctioning of all new loans as well as Min. Rs.1,000/-
switchover Base Rate/MCLR to RBLR) Max. Rs.10,000/-

Spread is from 3.25% to 4.50% Senior Citizen (60 years &

Up to 60 days RBLR + 3.25% = 12.50% above) No Processing
Over 60 days RBLR + 4.50% = 13.75% Charges
10. Earnest Money Deposit Scheme
(Note: ROI applicable for sanctioning of all new loans as well as
switchover Base Rate/MCLR to RBLR)
Spread is from 0.00% to 5.00%
One time Rs.500 per
Short Term (below RBLR = 9.25% application
12 months)
Long Term (12 RBLR + 5.00% =
months and above) 14.25%

11. STAR MITRA PERSONAL LOAN SCHEME:

Fixed rate : 1 Year MCLR + 1.00% (CRP)+ 0.30
(BSS) = 10.00% Waived

12. STAR REVERSE MORTGAGE LOAN SCHEME Loan Processing Charges

Amount
1 Year MCLR + 2.30% (CRP) + 0.30% (BSS): Fixed for Upto Rs.5 Rs.1250 + GST
lacs
initial period of 5 years subject to reset clause at the end
Upto Rs.2500 + GST
of every 5 years period. Rs.10 lacs
Upto Rs.5000 + GST
Rs.20 lacs
Upto Rs.6250 + GST
Rs.25 lacs
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 modification Sub-rule (2) Form Rs.100 for creation and for any
of security interest by way of of rule 4. I subsequent modification of security
mortgage by deposit of title deeds. interest for a loan above 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 modification Sub-rule (2A) Form NIL
of security interest by way of of rule 4. I
mortgage of immovable property
other than by deposit of title deeds

3. Particulars of creation or modification Sub-rule (2B) Form Rs.100 for creation and for any
of security interest in hypothecation of rule 4. I subsequent modification of security
of plant and machinery, stocks, debt interest for a loan above Rs.5 lakh.
including book debt or receivables, For a loan upto Rs.5 lakh, the fee would
whether existing or future. be Rs.50 for both creation and
modification of security interest.
4. Particulars of creation or modification Sub-rule (2C) Form Rs.100 for creation and for any
of security interest in intangible of rule 4. I subsequent modification of security
assets, being know-how, patent, interest for a loan above Rs.5 lakh.
copyright, trade mark, Licence,
franchise or any other business or For a loan upto Rs.5 lakh, the fee would
commercial right of similar nature be Rs.50 for both creation and
modification of security interest.
5. Particulars of creation or modification Sub-rule (2D) Form Rs.100 for creation and for any
of security interest in any under of rule 4. I subsequent modification of security
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 (2), Form NIL
for security interest filed under sub- (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.