|
 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. |
| |