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BOI Star Home Loan
 
Repayment(can be customized) Highly flexible - maximum 25 yrs. including moratorium period of 18 months (max.) in monthly installments, including Bank’s approved projects. Loan to be normally repaid before date of retirement in case of salaried persons and before attaining 65 years of age in case of others.
Eligible Quantum of Loan/ EMI Calculation of quantum of loan is related to Income/repayment capacity of proponent/borrower

Salaried Employees : 72 times of gross monthly salary or 6 times of gross annual income based on I-T Returns.
Self-employed/ Professionals etc. 6 times of Gross annual income based on I-T Returns
HUF/Proprietorship /Partnership Firm/ Company 6 times of cash accruals (PAT+Depreciation) as per Balance Sheet/P&L Account

In case of Individuals
Net Take Home pay(NTH)/income (net of all deductions including EMI of Proposed loan) is stipulated as under :-

i. Gross Monthly Income upto Rs.1 Lacs NTH Minimum – 40%
ii. Gross Monthly Income over Rs.1 Lac up to Rs. 5 Lacs NTH Minimum – 30%
iii. Gross Monthly Income over Rs.5 Lacs NTH Minimum – 25%

In case of HUF/Proprietorship/ Partnership firm/Company : DSCR should be minimum 1.5.

Rate of Interest (Floating ROI- linked bank’s base rate , p.a. at monthly rests)

{Under Festival Offer valid up to 31.03.2013 for loans sanctioned on or after 10.09.2012 & 1st disbursement up to 31.03.2013}


Upto 5 yrs > 5-10 yrs > 10-15 yrs > 15-20 yrs
FOR LIMITS UPTO RS.30 LACS : 10.25 10.25 10.25 10.25
FOR LIMITS OVER RS.30 LACS BELOW RS.75 LACS : 10.35 10.35 10.35 10.35
FOR LIMITS RS.75 LACS & ABOVE 10.50 10.50 10.50 10.50
Security Mortgage/Equitable Mortgage (1st charge) on land/flat/house. Third Party guarantee(if mortgage could not be created at the time of disbursement).
 

 
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BOI Financial Results 30.06.2017


Press Release from IBA new


Integrity Pledge Count new


Public Notice for Unclaimed Dividend


List of Wilful Defaulters


With the implementation of Goods and Services Tax (GST), the existing service tax rate of 15% has been replaced by GST rate of 18% from July 1, 2017


All customers are requested to provide GSTIN to their branch alongwith supporting documents to claim input credit.


Annual Report 2017


We request our esteemed customers to urgently have their KYC details updated / corrected to avoid freezing of accounts new


MCLR w.e.f. 10.08.2017


Empanelment Of Sarfaesi Valuers


Details of unpaid / unclaimed Dividend


As part of FATCA/CRS requirements, all customers are requested to submit Declaration Form (For Individuals) / Declaration Form (For Entities) click to download with supporting documents to their Parent Branch immediately. Non-Compliance with this requirement may lead to freezing or closure of account as per guidelines.


Base Rate revised to 9.55% w.e.f 31.03.2017


List of Recovery Agents/ Enforcement Agents/Detective Agency of Lucknow Zone


Change of Registrar and Share Transfer Agent


Notice to CD Customers


Notice to Customers


Notice to SB Customers


ATM transactions for savings Bank A/c Customers


Notice for our DEMAT Account Holders


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