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
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
