BANK OF INDIA- STAR MAHILA GOLD LOAN SCHEME

1.Purpose of Loan

For purchase of Gold ornaments, preferably hallmarked, from reputed Jewellers and/or Gold coins of Bank of India.

2Target Group Resident Indian Women

Working Women : Women permanently employed in Central/State Govt./PSUs/ Scheduled Banks/Teachers of Govt. Aided Institutions; and include professionals like Doctors/ C.As/Chartered Engineers etc.,
Non Working Women : Not having income proof. Spouse/other close relative who satisfy income criteria to join as co-borrower.

3.Age 18- 60 years

4.Rating Exercise Applicant should get minimum 20 marks, under banks rating exercise, to be eligible for loan under the scheme.

5.Type of Advance Demand/ Term Loan

6.Quantum of Advance Working/Non-working women : 10 times of monthly net emoluments (take home salary of self/spouse, in case of non working women)

Professional : 50% of Gross Annual Income as per latest Income Tax Return Minimum Rs. 50000/- Maximum Rs.2 lacs.

7.Margin 20% of the cost of Jewelery/Gold.

8.Interest 1.25% less BPLR , presently 11.50% p.a, at monthly rests.

9.Penal Interest To be levied as per prevailing guidelines in this regard from time to time.

10.Repayment Maximum 60 EMIs .However, repayment period not to exceed the age of 65 or retirement age of the borrower, whichever is earlier. Repayment through salary deduction /post dated cheques.

11.Net take home pay (net of EMI )Min. 50% of the gross income of the applicant/ spouse, in the case of non-working women.

12.Security For Loan over Rs.50,000/- liquid securities [NSC/KVP/Insurance Policies-surrender value] for the amount exceeding Rs.50,000/-.

13.Disbursement By DD/ Pay Order favoring the seller ( with the name of the Bank and Account Number). Stamped Receipt/ Invoice for the total cost of jewelery (i.e Loan Amount plus Margin ) to be obtained. Proforma invoice required for a loan amount of Rs. 1 lac and over.

14.Processing Charge For Loan up to Rs.50,000 - Rs.500/- . Over Rs.50,000- 1.10% of the loan amount Min. Rs.500/-

15.Other Charges Stamp charges for documents at actuals.

Loan Agreement copy charges:: As applicable .

BANK OF INDIA- AUTO FINANCE

Star Auto fin

The Scheme provides loan for purchasing 2/4 wheeler vehicles (like car, scooter, motorcycle etc.). Maximum amount of loan is Rs. 25 lacs, depending upon cost of vehicle & income of proponent, at attractive rate of interest and easy repayment plan.

Product BOI Star Auto fin Scheme

Eligibility Salaried employees, Professionals, Self-employed, individuals with high net worth, People engaged in trade/commerce/ business, Pensioners, Farmers, Prop. Firm, Partnership firm, Companies (Pvt./Public Ltd.), Staff Members, Retired employees (other than dismissed/compulsorily retired) of our Bank.

Purpose Purchase of two/four wheeler vehicles (like car, scooter, motorcycle etc.)
Type of Advance:Demand/Term Loan (reducible as per repayment schedule)

Quantum of Loan Max.Rs.25 lacs

Minimum size of loan :-At Metro and Urban Centers : Rs.10,000/-
At Rural and Semi Urban centres: No minimum size of loan.

Eligible Amount i. Salaried employees :- 24 times of monthly Gross emoluments.

ii. Other than Salaried employees, Farmers & Pensioners :-
- Two times of gross average annual income as per last three Income-tax returns.
- In case of Proprietorship/Partnership firm & Company: Two times of average annual Cash accruals (i.e. PAT+ Depreciation) as per their last three Balance - Sheet/ P & L account.

iii. Pensioners : 24 times of monthly pension (Max. loan : Rs. 2 lacs)

iv. Farmers: Depending upon Farmer's income, his repayment capacity/ability to service the debt as is being done in case of agricultural loans.

Rate of Interest (on daily reducing balance)
FOR LOANS UP TO RS.10.00 LACS :

New Vehicles : Repayment up to 3 years : 1.75% below BPLR, Min. 11% p.a. at monthly rests.

Repayment over 3 years : 1.50% below BPLR, Min. 11.25% p.a.

Second hand vehicles : 1.00% below BPLR, Min.11.75% p.a. at monthly rests.
FOR LOANS ABOVE RS.10.00 LACS :

New Vehicles : Repayment up to 36 months - 0.75% below BPLR - Min. 12% p.a. at monthly rests.

Repayment over 3 years - 0.50% below BPLR -Min.12.25% p.a.

Second hand vehicles - @ BPLR - 12.75% p.a.

Repayment
(New Vehicles) Car: Max.72 EMIs
Scooter/motorcycle/Two Wheelers: Max.60 EMIs w.e.f. one month after first disbursement from loan account.

Purchase of Second hand vehicle:- -Age of vehicle : Upto 3 years old from the date of first registration- -Repayment Period : Not to exceed five years.

- Minimum Margin : 30% of depreciated value or value assessed by valuer or sale consideration, whichever is lower.
- Obtention of Comprehensive Insurance Policy.

Security

i. Hypothecation of vehicle to be purchased out of Bank finance.

ii. Charge to be registered with RTO.

Processing/ Handling Charges One time @ 1.10% of the loan amount Min. Rs.750/-, Max. Rs.2500/-

Pensioners : One time @ 1.10% of loan amount Min. Rs.500/- Max. Rs.1,100/-

Agreement charges: Applicable as per Fair Practice Code.

Terms & Conditions apply. Loan at the sole discretion of Bank of India.

For further information, you may contact nearest branch of the Bank.

Click here for Application Forms

BANK OF INIDA -IPO

Star IPO

Product Investing in Capital market - New Issues Bank of India's Star - IPO is a tailor made scheme

Eligibility:Individuals who have PAN Number and De mat account with us.
Purpose To subscribe to Initial Public Offerings (IPO) including through book-building.

Type of Facility Demand Loan

Margin 50% * (subject to RBI directives)

Period of Loan Maximum 60 days

Rate of Interest 0.75% below BPLR. Min.12.00% p.a.

Fee and Charges 0.06% of loan amount exclusive of stamp duty,if any
to be paid.

Quantum of Loan Max. Rs.10.00 lakhs per borrower

* Subject to RBI directives.

Please contact our Zonal Offices at:

1. Mumbai South
2. Mumbai North
3. New Delhi
4. Rajkot
5. Karnataka
6. Pune
7. Vadodara
8. Chennai
9. Ahmedabad
10. Kolkata
11. Chandigarh
12. Hyderabad
13. Indore
14. Nagpur - I
15. Coimbatore
16. Ludhiana
17.Rajasthan
18.Raigad-Thane
19.Gandhinagar

Agreement charges : Applicable as per Fair Practice Code.
For more information, you may contact nearest branch of the Bank. Loan at the sole discretion of Bank of India

Click here for application form

BANK OF INDIA- MORTGAGE LOAN

STAR MORTGAGE LOAN

This scheme provides loan/overdraft facility against mortgage of property at low rate of interest. The scheme is for people engaged in trade, commerce & business and also professionals & self employed, Prop. Firm, partnership firm, companies, NRIs and individuals with high net worth including salaried people, agriculturists and staff members. The product provides an opportunity to customers to borrow against a fixed asset (mortgage of property) at a short notice without much paper work/attendant hassles.


Purpose :

a.To meet the credit needs of trade, commercial activity, other general business, Profession as also for their bona fide requirements.
b. To meet marriage or medical or educational expenses of family members including near relatives.
c. To undertake repairs/renovation/extension to the residence/commercial property.
d. Purchase of consumer durables.
e. To purchase/construct house/flat, purchase of plot.
f. To purchase 2/4 wheeler vehicles.
g. For going on pilgrimage/tours/excursions, etc.
h. Repayment of existing loans from other Banks/FIs

Target customers: (Eligibility) People engaged in trade, commerce and business, Professionals, Self-employed, Prop. Firms, partnership firms, HUFs (excluding NBFC, Trade, partnership firms where HUF is a partner), companies, NRIs, individuals with high net worth, salaried people, agriculturists, staff members.

Type of advance :Demand/Term Loan/Overdraft (reducible as per repayment schedule).
Overdraft facility (not reducible as per repayment schedule) can also be permitted to eligible customers (other than salaried people).

Quantum of advance (Rs. in lacs)
Min. Max.

a. For agriculturists 0.50 2.00
b. For Others :
Individuals/Prop. Firm/ 1.00 50.00
Partnership firm/
Company :
Prop./Partnership 1.00 100.00
firm/company 1.00 100.00

Calculation of quantum of advance: The sanctioned limit is to be related to the value of security & repayment capacity of borrower, subject to :

i. Salaried employees :48 times of monthly net emoluments (take home salary).
OR 4 times of net annual income with other rental income from property etc. based on Income-tax returns ( Average of Last 2/3 years).

ii. Self-employed/professionals/ individuals engaged in trade/ commerce/ business- 4 times of their net annual income based on income-tax returns ( Average of Last 2/3 years).

iii. Proprietorship/Partnership Firm/Company - Four times of Cash-accruals (i.e. PAT+ Depreciation) as per their Audited Balance Sheet/ P & L Account ( Average of Last 2/3 years).

Note:
1. For individuals :

While fixing the limit , it is to be ensured that the net take home pay (net of EMI [national EMI in case of non reducible OD] of proposed advance ) is not less than 30% of gross income of the applicant. For Prop. Firm/Partnership firm/Company: DSCR : Min. 1.5

2. Limit prescribed would be subject to a Maximum of 70% in case of salaried employees(50% in other cases) of value of property or eligibility level, whichever is lower.
Margin Salaried Employees 30% *
Others 50% *

*On value of property [Lower of Market Value /Distress Sale value/Registration Value as on date of valuation] assessed by Bank's approved valuer.

Rate of Interest: @ BPLR, at present 12.75% p.a. at monthly rests. Interest concession for woman beneficiaries 0.25% p.a.[All borrowers to be women]
Repayment

In accounts where regular Overdraft facility is not proposed. :-
Within a period of eight years by way of EMIs. The repayment shall commence from the month subsequent to the month in which final disbursement is made or 6 months from the first disbursement, Whichever is earlier. In case of agriculturists : The repayment will be related to the generation of farm income from crops and other subsidiary activities
.
Security :Equitable/Legal Mortgage charge over property in the name of applicant or his/her spouse or parents or third party. The person in whose name the property to be mortgaged stands should either be a borrower/co-borrower or a guarantor.

Note :

a. The property offered should be a residential or commercial building or a plot of land (residential/commercial).
b. The property should be self occupied or leased out to acceptable individuals, government agencies, PSUs, Corporates, etc.
c. Agricultural land is NOT accepted as security for this facility .

Processing Fees:1. Accounts repayable as per Stipulated installments :-
- One time @ 1% of Loan amount. Min.Rs.1500/- and max. Rs30000/-.

2. Overdraft Limit ( not reducible as per repayment schedule ) :
- 0.25% of the sanctioned limit, Min. Rs.750/- and Max. Rs.7000/- on annual basis.
- Documents charges, advocate fee, architect fee etc. on actual basis.

Loan agreement copy charges : As applicable

Equitable Mortgage Fee General :

i. Limits exceeding Rs.25 lacs up to Rs.50 lacs - Rs.5,750/-
ii. Limits exceeding Rs.50 lacs - Rs.11,500/-

SSI :

BANK OF INDIA i. Limits exceeding Rs.25 lacs up to Rs.50 lacs - Rs.3,000/-
ii. Limits exceeding Rs.50 lacs - Rs.6,000/-
Loan at the sole discretion of the Bank of India. For more information, you may contact nearest branch of the Bank.

Click here for Application Forms

BANK ONDIA- HOME LOANS

STAR HOME LOANS Provides loans to purchase a Plot for construction of a House, to purchase/construct house/flat, as well as for renovation/ repair/alteration/addition to house/flat, furnishing of house. Maximum loan amount is Rs.300 lacs and repayment ranges upto 20 years, with reasonable margin and nominal processing charges. No commitment /administrative charges. The loan is available at very competitive rates of interest, currently available in the industry. Option for different EMI amounts for different periods during tenure of loan to suit customers repayment capacity. Prepayment of Loan permitted Interest is calculated on daily balance basis which is of great advantage to customer as it results in lower interest amount. Loan to NRIs as well as Persons of Indian Origin. Simplified application form/procedures for convenience of customers, and speedy approvals. Free Personal Accident Insurance cover Life Insurance Cover to borrowers for Loan Protection(optional) Please visit our nearest Branch and avail loan to own your dream home

BANK OF INDIA- MITRA PERSONAL LOAN

STAR MITRA PERSONAL LOAN (A SPECIAL LOAN SCHEME FOR THE PHYSICALLY CHALLENGED) Objective To help Physically Challenged persons to function independently. Purpose To purchase durable and sophisticated aids / appliances that promote their physical and social rehabilitation Eligibility All Physically Challenged Individuals – both salaried and self-employed, All Physically Challenged Minors through their Parents/Legal Guardians.(No advances to middle-men and NGOs). Type of Advance Demand / Term Loan - Secured Amount Max.Rs. 1 lac (No minimum stipulation) Eligible Amount 10 times of net salary for salaried persons and 50% of net annual income as per latest Income Tax Return for Self-employed/Professionals. Net take home income should not be less than 40% after availing this loan. (In case of Minors, the income of the Parents/Legal Guardians would be the deciding criteria for eligibility). Margin 10% Repayment 12 to 60 months, commencing one month after full disbursement/ three months after first disbursement, whichever is earlier. Rate of Interest At 9% p.a (Fixed Rate compounded monthly, on daily reducing balance basis). Security Hypothecation of the Equipment purchased out of Bank Finance Insurance Waived. However, Borrower is advised to obtain insurance at his own cost. Processing Charges Waived Other Terms and Conditions . Doctor’s Certificate to be obtained regarding the extent of handicap and the need for the equipment. Quotation/Invoice in respect of the equipment to be purchased. iii. Stamped receipt to be submitted after purchase of the equipment. ALL OTHER TERMS & CONDITIONS INCLUDING DOCUMENTATION OF STAR PERSONAL LOAN SCHEME WILL APPLY

BANK OF INDIA- OVERDRAFT

Clean Loan / OD for financing Health Insurance Premium .
Eligibility	Existing Customers of the Bank
Purpose	For purchase of Insurance Policy-Health from our Insurance Partner. [CCIS Scheme Code 421]
Type of Advance	Demand Loan / Reducible Overdraft
Repayment	Maximum 10 months, commencing from the month following the month of disbursement;
Quantum of Loan	80% of the premium(Margin 20%)
Rate of Interest	1.25% below BPLR, presently 11.50% p.a.
Minimum / Maximum ( Max: as per Personal Loan scheme)	Minimum Rs.5000, (Requirements generally should not exceed Rs. 50,000)
No. of unsecured loans	May avail up to two unsecured loans under star personal loan i.e one for normal purpose and one for payment of insurance premia subject to eligibility for combined limit under Star Personal Loan Scheme.
Loan Renewal	Loan : fresh loan with fresh documentation can be considered on satisfactory closure of earlier loan account. Overdraft : Also, Offered as reducible OD facility (for 10 months)for ease of documentation..
Charges	Stamp Charges for documents : At actuals . Loan Agreement Copy Charges – as applicable