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Star Loan Against Property Scheme
  1. PURPOSE :
    1. To meet the credit needs of trade, commercial activity, other general business/profession, as also for their bona fide requirements;
    2. To meet educational expenses of family members including near relatives
    3. To undertake repairs/renovation/extension to the residential/commercial property;
    4. To purchase / construct residential house/flat, purchase of plot of land for construction of house/ premises for business/commercial use *;
    5. For Repayment of existing loans availed from other Banks / FI’s conforming to the extant guidelines regarding “takeover” of account.


  1. Suitable declaration to be submitted by the applicant regarding the purpose.
  2. The facility not extended for speculative purposes including investing in equities;
  3. The facility is not extended to builders/developers/promoters/real estate agents for real estate activities such as purchase of land/construction with intent to sell or holding real estate stock for sale / re-sale purposes.
  4. *Advance for purpose (d) above to be based on mortgage of property already owned by the proponent.

    People engaged in trade, commerce and business, professionals, self-employed, individuals with high net worth, salaried people, Proprietary firms, Partnership firms, Companies (Pvt. /Public Ltd.,) HUFs (excluding partnership firms where HUF is a partner), Societies, Staff members, NRIs- subject to compliance of Bank’s/RBI guidelines.

    INELIGIBLE PERSONS: NBFC, Trust and Partnership firm where HUF is a partner are not eligible for advances under this scheme.

    a) Individuals in permanent service max. 60 years.
    b) For Proprietary concerns/Self Employed/non-salaried people – Maximum -70 Years
    (Age limit is the maximum age at the end of the repayment Period);

    Demand/Term Loan , Overdraft (Reducible/Non-Reducible)

    The quantum of advance to be related to the value of security, margin requirement , take home pay and repayment capacity of the proponent , subject to limits as under :-


Demand/Term Loan



Individual-Salaried/ Self-employed/ Professionals




Doctor/s- in case of joint accounts all to be doctors




Others i.e. Proprietorship/ Partnership Firm/Company etc.




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BOI Star Loan Against Property