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Star Personal Loans
 
  • Star Personal Loan Scheme provides loan to meet various Personal requirements of customers and their family.
  • Bank offers loans for marriage expenses, medical expenses, educational expenses, purchase of consumer durables etc. Maximum quantum of advance is Rs.10.00 lakhs, depending upon the income, with very attractive interest rate and easy repayment plan.
Please approach our nearest Branch and avail the loan to fulfil your personal needs.

Product BOI Star Personal Loan Scheme
Eligibility Salaried employees, Professionals and individuals with high net worth, regular pensioners or family pensioners drawing regular monthly pension through Branch, Staff members, retired employees (other than dismissed/compulsorily retired) of our Bank.
Types of advance Demand/Term Loan/Overdraft (reducible as per repayment schedule)
Overdraft limit (not reducible as per repayment schedule) maximum up to Rs.1 lac to confirmed permanent employees of Central/State Govt. /Reputed Corporates and PSU's.
Purpose Clean/Unsecured loans
  • Marriage expenses of self, son, daughter or a dependent near relative.
  • Medical Expenses incurred/to be incurred for self, spouse, children, dependent near relative.
  • For education of self/spouse/ children/ near dependent relatives.
  • For repairs/ renovation/ extension of existing house/flat.
  • Any other personal expenses of bonafide nature as approved by the Bank
Secured loans
  • Repayment of existing housing loans from other banks/Financial Institutions, etc.
  • Repairs/ Renovation/ Extension of House property. Education of self, spouse, children, near dependent relatives.
  • Purchase of consumer durables, computers, professional equipment’s etc.
Max. Loan
Min. Size of loan
Rs.2.00 lacs
Minimum size of loan: - At Metro and Urban Centres: Rs.10, 000/-
At Rural and Semi Urban centres: No minimum size of loan.

Rs.10.00 lacs
Minimum size of loan: - At Metro and Urban Centres: Rs.10, 000/- At Rural and Semi Urban centres: No minimum size of loan.

Quantum of Advance
  • 10 times of monthly net Emoluments(take home pay) in case of salaried Employees
  • 50 % of Gross Annual Income as per last Income Tax Returns for professionals/individuals of high net worth
  • 20 times of monthly Gross Emoluments in case of salaried Employees
  • 100 % of Gross Average Annual Income as per last three years Income Tax Returns for professionals/individuals of high net worth
  Note :While fixing the limit. It should be ensured that the net take home pay / Income (net of EMI of the proposed advance) is not less than 40 % of gross income of the applicants.

 
 
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Notice for Customer


Analyst Presentation for the Nine Months ended 31.12.2013


Bond Book Closure


Corporate Social Responsibility


We are proud to inform that our Nairobi Branch is now ISO certified with ISO 9001:2008 (2013-2016) for Provision of Banking Services


The bank never asks any confidential information to customers such as: ATM card no., credit card no. ATM pin, user id of internet banking, login password, transaction password, account number, etc. If such information is asked over phone or mobile or through email, avoid disclosing such confidential information to the caller. In such cases Customers are requested to bring this to the notice of their parent branch/call centre


FESTIVE OFFER ON HOME LOAN EXTENDED UPTO 31.03.2014.


Rate of Interest slashed & 100% Processing charges waived in Home Loan till 31.03.2014.


Notice for esteemed customers regarding 'CTS-2010' Standards Cheques Forms

As per RBI directive PIN is required for debit card PoS transactions on domestic terminals from 1.10.13.


Financial Results for the quarter ended June 2013


Presentation for Q1 2013-14


Press Release



Cash withdrawal limit through ATMs has been increased from Rs.15000/= to Rs.25000/= w.e.f. 01/06/2013



International Card transactions temporarily blocked


BANKS PRIME LENDING RATE (BPLR) W.E.F. 09.02.2013 to 14.50%p.a


To extend the benefit of exercising another option to join the existing pension scheme in terms of Joint Note dated 27.04.2010 to Officers / Family Members of deceased Officers who had taken voluntary retirement from Bank's service on or after 29.09.1995 under Regulation 19(1) of Bank of India Officers' Service Regulations 1979


Public Notice for BOI Customer.


Cash Retraction feature has been disabled on all BOI ATMs in terms of RBI guidelines.


Interest Subsidy for Education Loans

Notice for Debit and ATM cardholders

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BOI Star Personal Loan