Eligible customers
High Net worth Individuals, Firms/ Corporate for residential accommodation of their partners/directors, having minimum average gross income of Rs.1crore and above during the last 3 years as per audited balance sheet /IT Returns
To avail loan for your dream home, just give a missed call on 8010968305 or SMS <HL> to 7669300024.
Please visit our nearest branch for details
Eligible Quantum of Loan
Over Rs. 5 crore
Geographical Location of the properties/ house/flat to be financed
Metros and Major cities only, i.e. Mumbai/New Delhi & Delhi NCR/Chennai/Kolkata/Bangalore/Ahmedabad/Hyderabad/Pune
Margin
25% on pure Value of Property – i.e. on cost of construction /acquisition /renovation /extension etc.,( No other costs such as stamp duty, registration charges, taxes, charges etc., to be added to the cost of property while calculating margin).
Take home pay /DSCR
For Individuals : 25% of the Gross Income ; For Firms/Corporate:DSCR -1.5
Entry Level Norms
For individuals :As per Home Loan Model For Firm/Corporate : As per applicable SBS/MS/LC Model
Rate of Interest
| Particulars |
Rate of interest |
| Star Home Loan/Star Smart Home Loan/Star Pravasi Home Loan /Star Diamond Home Loan |
For Women : 1 Year MCLR + 0.15 %
For Others : 1 Year MCLR + 0.20 % |
Processing Charges
RATE OF INTEREST
All linked to Banks MCLR
BOI MCLR 8.70 % w.e.f. 10.12.2018 |
PROCESSING CHARGES
(All charges are Exclusive of GST) |
|
Star Home Loan/Star Smart Home Loan/ Star Pravasi Home Loan /Star Diamond Home Loan
Floating Category Up to 30 years (CARD RATE)
For Women : 1 Year MCLR + 0.15 %
For Others : 1 Year MCLR + 0.20 %
|
Star Home Loan/Star Smart Home Loan/Star Pravasi Home Loan :
For Individuals –
For all loans amounts:-
0.25 % of loan amount
Min. Rs. 1,000/- Max. Rs. 20,000/-
For Partnership firms and Corporates:
Processing charges to be double that of applicable to individuals.
For Rural areas:-
Processing charges 75% of that applicable to individuals in respect of loan availed by borrowers from rural branches.
Star Diamond Home Loan
One time processing charge of Rs.50, 000 or maximum as per Star Home Loan Scheme, whichever is higher.
|
All other norms
As per Star Home Loan Scheme.
