Sr. No |
Parameter |
Details |
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1 |
Name of the facility |
BOI Star- Kavach Personal loan Scheme |
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2 |
Facility type |
Demand/Term loan |
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3 |
Validity of scheme |
Valid up to 31-03-2022 |
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4 |
Constitution |
Individuals/Proprietorship Firms |
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5 |
Co- applicant (In case the applicant is a COVID patient and applies for loan for medical treatment for self) |
Salaried: PF Nominee. |
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6 |
Age |
Salaried: Age at the end of repayment period not to exceed retirement age of the employee. Doctors/Others: Age at the end of repayment period not to exceed 65 years. |
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7 |
Purpose |
To meet medical expenses (including pre and post hospitalization expenses) for self and / or close relatives. |
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8 |
Eligibility |
and
Note: The following customers are not eligible:
|
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9 |
Loan amount |
For salaried: 10 times of last drawn gross salary; Min: Rs. 25000.00 and Max: Rs. 5.00 Lakhs |
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10 |
NTHP |
|
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11 |
Margin |
Nil |
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12 |
Rate of interest |
RBLR + CRP of 1.65%, presently 8.50% p.a. floating with monthly rests |
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13 |
Security |
Clean |
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|
Guarantee |
Suitable third party guarantee of a person having adequate net worth or commensurate with repaying capacity of borrower |
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15 |
Processing fees |
Nil |
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16 |
Repayment |
For Demand Loan: 36 months including moratorium period of 6 months |
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23 |
Others |
|