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Personal

 

Eligible customers

 

High Net worth Individuals, Firms/ Corporate for residential accommodation of their partners/directors, having minimum average gross income of Rs.1crore and above during the last 3 years as per audited balance sheet /IT Returns

Eligible Quantum of Loan

 

Over Rs. 5 crore

Geographical Location of the properties/ house/flat to be financed

 

Metros and Major cities only, i.e. Mumbai/New Delhi & Delhi NCR/Chennai/Kolkata/Bangalore/Ahmedabad/Hyderabad/Pune

Margin

 

25% on pure Value of Property – i.e. on cost of construction /acquisition /renovation /extension etc.,( No other costs such as stamp duty, registration charges, taxes, charges etc., to be added to the cost of property while calculating margin).

Take home pay /DSCR

 

For Individuals : 25% of the Gross Income ; For Firms/Corporate:DSCR -1.5

Entry Level Norms

 

For individuals :As per Home Loan Model For Firm/Corporate : As per applicable SBS/MS/LC Model

Rate of Interest

ParticularsRate of interest
Star Home Loan/Star Smart Home Loan/Star Pravasi Home Loan /Star Diamond Home Loan For Women : 1 Year MCLR + 0.15 %
For Others : 1 Year MCLR + 0.20 %

Processing Charges

RATE OF INTEREST
All linked to Banks MCLR
BOI MCLR 8.60 % w.e.f. 10.09.2018
PROCESSING CHARGES
(All charges are Exclusive of GST)

Star Home Loan/Star Smart Home Loan/ Star Pravasi Home Loan /Star Diamond Home Loan

Floating Category Up to 30 years

For Women : 1 Year MCLR + 0.15 %

For Others : 1 Year MCLR + 0.20 %

Star Home Loan/Star Smart Home Loan/Star Pravasi Home Loan :

For Individuals –

For all loans amounts:-

0.25 % of loan amount

Min. Rs. 1,000/- Max. Rs. 20,000/-

For Partnership firms and Corporates:

Processing charges to be double that of applicable to individuals.

For Rural areas:-

Processing charges 75% of that applicable to individuals in respect of loan availed by borrowers from rural branches.

Star Diamond Home Loan

One time processing charge of Rs.50, 000 or maximum as per Star Home Loan Scheme, whichever is higher.

All other norms

 

As per Star Home Loan Scheme.