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Tuesday, 07-Feb-2012
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 Retail Advances

RETAIL LOANS - W.E.F. 28.07.2011

I. STAR PERSONAL LOAN SCHEME -

i.

Fully Secured

14.75%

ii.

Clean/Unsecured

15.75%

iii.

For Senior Citizens aged 60 years & above [for loans upto Rs.50,000/-]

13.75%

iv.

Financing Secured under tie-up arrangements

14.75%


Notes:
(a) Interest concession in respect of advances to woman beneficiary under(i) & (ii) above: 0.50% p.a.

II. STAR PENSIONER LOAN SCHEME --

i.

Fully Secured

14.50%

ii.

Clean/Unsecured

15.00%

iii.

For Senior Citizens aged 60 years & above [for loans upto Rs.50,000/-]

13.75%


III. STAR HOLIDAY LOAN SCHEME --

i.

Fully Secured (Liquid collateral security like TDRs, NSCs, etc. at least equal to 100% of loan amount sanctioned).

13.75%

ii.

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

14.25%

iii.

Clean / Unsecured

15.00%

iv.

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 amount)

13.75%

Interest concession in respect of loan to woman beneficiary under i to iii above : 0.50% p.a.

IV. STAR MAHILA GOLD LOAN SCHEME – 13.75%


V. STAR MITRA PERSONAL LOAN SCHEME -

Fixed rate compounded monthly on daily Reducing Balance: 11.75% p.a.

VI. STAR MORTGAGE LOAN SCHEME -

For repayment upto 3 years

14.75% p.a.

For repayment over 3 years

15.25% p.a.


Int. concession in respect of loans/advances to woman beneficiary- 0.25%

VII. STAR AUTOFIN SCHEME -

1
i.

Fully Secured Loans

 

2/4 wheelers       :

 

a. New Vehicle - Repayment upto 3  yrs

12.50%

b. New Vehicle- Repayment over 3 yrs

13.00%

c. Second hand vehicles

13.00%


Interest concession in respect of loan to woman beneficiary 0.25%p.a.

VIII. STAR EDUCATION LOAN SCHEME -

Loans upto Rs.7.50 lacs

13.75%

Loans over Rs.7.50 lacs

13.25%


  • 1% interest concession available for loanees, if the interest is serviced during the study period when repayment holiday is specified for interest/repayment under the scheme.
  • 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/-

IX. BOI STAR VIDYA LOAN SCHEME :

2% over Base rate – presently – 12.75% p.a.

X. STAR IPO – 14.00% (for repayment upto 60 days)

15.25% (for repayment over 60 days)


XI. EARNEST MONEY DEPOSIT (EMD) SCHEME:

Short term - (Direct refund within 90 days) - 13.75% p.a.
Long term – (Repayment in EMI by successful allottees) - 15.75% p.a.

XII. STAR HOME LOAN SCHEME -


  

For Limits upto Rs.25 Lacs

Limits >Rs.25 lacs & below Rs.75 Lacs

For Limits of Rs.75 Lacs & above

Upto
 5 yrs

> 5- 10 yrs

>10 -15 yrs

>15 - 20 yrs

Upto 5 yrs

> 5 -10 yrs

>10 - 15 yrs

>15- 20 yrs

Upto 5 yrs

> 5 yrs - 10 yrs

>10 yrs - 15 yrs

>15 yrs - 20 yrs

BASE RATE

10.75

10.75

10.75

10.75

10.75

10.75

10.75

10.75

10.75

10.75

10.75

10.75

PREMIUM

0.00

0.00

0.25

0.25

0.25

0.50

0.75

1.00

0.75

1.00

1.25

1.50

FLOATING RATE

10.75

10.75

11.00

11.00

11.00

11.25

11.50

11.75

11.50

11.75

12.00

12.25

 

 

NB : No fixed interest rates for new Loans w.e.f. 01.07.2007.
 
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Announcement

Analyst Meet Presentation for 31.12.2011

Reviewed Financial Results for the period ended 31.12.2011

Notice of Board Meeting

Analyst Meet Presentation for 31.12.2011 Reviewed Financial Results for the period ended 31.12.2011 Notice of Book Closure for Bonds

Chairman & Managing Director's Message & Address

Bank of India has decided to abolish prepayment charges on home loans for both fixed and floating rate loans across all tenures for existing as well as new borrowers

Watch recorded webcast of Analyst Meet-30.09.2011

Watch recorded webcast of Press Meet-30.09.2011

Financial Results for the quarter / half year ended 30th September 2011

Analyst Meet Presentation-30.09.2011

Press Release

Festiva l offer – Rate of interest reduced on Home Loans & Auto Loans.

Watch webcast of 106th foundation day

Bank has decided to increase the Bank’s Base Rate from 10.00% p.a. to 10.75%p.a. and BPLR from 14.25% p.a. to 15.00% p.a. with effect from 28.07.2011.


Interest Subsidy for Education Loans

The Managing Committee of the Indian Banks’ Association has appointed Shri Alok K Misra , Chairman and Managing Director, BANK OF INDIA as Deputy Chairman of the Association

Pension Calculator is available on Knowledge Portal front page

Press release launching of Mobile Based Remittance, Urban Financial Inclusion and two factor Authentication

Notice for Debit and ATM cardholders

Forex Card Rate
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