Star Loan Against Property


  • Maximum repayment tenure up to 180 months
  • EMI Starting at Rs.1268/- per Lakh
  • Holiday/Moratorium period up to 6 months
  • Takeover/Balance Transfer facility with additional Loan amount
  • Reducible Overdraft facility upto Rs.1500.00 lacs is available

Advantages

  • Low interest rate
  • Minimal documentation
  • No hidden charges
  • No prepayment penalty


  • Resident Indian/NRI/PIO are eligible
  • Individuals: Salaried/Self-employed/Professionals
  • Regular and confirmed Employees / individuals with high net worth Professionals, self-employed and people engaged in trade, commerce and business, engaged in business / profession for a minimum period of 3 years.
  • Individuals in permanent service - Max. 60 years or Retirement age whichever is earlier.
  • For self-employed / non-salaried people, sanctioning authority may relax the age limit by 10 years i.e. upto 70 years.

Documents

For Individuals

  • Proof of identity (any one): PAN/Passport/Driver Licence/Voter ID
  • Proof of Address (any one): Passport/Driver Licence/Aadhar Card/ Latest Electricity Bill/Latest Telephone Bill/Latest Piped gas bill
  • Proof of Income (any one):
  • For Salaried : Income Proof, latest salary certificate. salary slip from employer showing name, designation, salary details of deductions and copies of income tax returns of last 3 years together with latest income tax assessment order and advance tax challans of current year and Income Tax Return for last 3 Years.
  • Employer's certificate about birth date, age, Date of joining, likely date of retirements, etc.
  • For Self-employed: In case of Businessman: copies of financial statement (preferably audited) & Income tax returns for last three years together with copy of latest income tax assessment order and advance tax challans of current year.
  • Undertaking Regarding Purpose of Loan


*Terms & Conditions apply. For further details, Please contact your Nearest Branch


Rate of Interest (ROI)

  • ROI is linked with CIBIL Personal Score (in case of individuals)
  • ROI starting from 10.10% per lakh
  • ROI is calculated on daily reducing balance

Charges

  • PPC For Individuals: For Loan (Repayable by instalments) - One time @1% of sanctioned loan amount Min Rs. 5,000/- and Max Rs.50,000/-
  • For Mortgage OD (Reducible).
  • (a) 0.50% of the Sanctioned limit min. Rs. 5,000/- and max Rs. 30, 000/- for 1st year at the time of original sanction.
  • (b) 0.25% of the Reviewed limit min. Rs. 2,500/- and max Rs. 15, 000/ for subsequent years.
  • Other Charges: Document stamp charges, advocate fees, architect fees, Inspection charges, CERSAI charges etc., on actual basis.

Mortgage Fee

  • Limits upto Rs. 10.00 lakhs – Rs. 5000/- plus GST.
  • Limits exceeding Rs. 10.00 lakhs & upto Rs. 1.00 crore - Rs. 10000/- plus GST.
  • Limits exceeding Rs. 1.00 crore & upto Rs. 5.00 crore - Rs. 20000/- plus GST.


*Terms & Conditions apply. For further details, Please contact your Nearest Branch


Downloadable documents for Loan Against Property application to be submitted by the applicant.

Application cum proposal form
(To be filled by the Applicant)
download
Annexure to application
(To be filled by the Guarantor)
download


*Terms & Conditions apply. For further details, Please contact your Nearest Branch