Bank of India Star Personal Loan

Age

• Maximum age 70 years at the time of final repayment

CIBIL Score

• A CIBIL score of 730 or above is generally considered good for approving a personal loan.

Required Documents

• 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: Latest 6 Month Salary/Pay Slip and One year ITR/Form16
• For Self-employed: Last 3 years ITR with CA certified Computation of Income/Profit & Loss Account/Balance Sheet/Capital Account Statement

Nature of Employment

• Individuals: Salaried/Self-employed/Professionals
• Group of permanent/ confirmed/ permanent employees

Loan Processing Charges

• One time @1.00% of loan amount, Min. Rs. 2500/- and Max.: Rs. 15000/-

Features

• Easy documentation
• EMI starts from Rs.1105/- per lakh
• Maximum quantum up 36 times the gross monthly salary
• Maximum repayment tenure up to 84 months
• Attractive offers for Doctors, Government, PSU employees and salary account holders.
• Approved schemes with tie up arrangements
• Quick disposal of the loan (Very less turn around time)
• Nil processing charges for differently abled customers.
• Clean loan facility available without pledging of any security
• Can avail more than one personal loan
• 0.50% interest concession to women beneficiaries
• Competitive processing charges in the market
• Maximum limit upto Rs. 25.00 lakhs
• Low rate interest starting from 10.85% p.a.
• Low rate interest starting from 10.85% p.a.
• No prepayment penalty