BOI Star Personal Loan


Rate of Interest (Floating Rate of Interest p.a. at monthly rests)

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Clean/Unsecured loans

  • 36 Equated monthly instalments w.e.f. one month after first disbursement. Exceptional cases up to 60 months.

Secured loans

  • Maximum 60 Equated monthly instalments w.e.f. one month after first disbursement from loan account.



Equitable/Legal Mortgage of commercial or residential properties. Hypothecation charge on assets acquired.

Collateral security in the form of pledge of gold/gold ornaments, NSC/Indira Vikas Patra, Bonds, Assignment of LIC policies, Relief Bonds etc.

Processing/Handling charges

All linked to Banks MCLR
BOI MCLR 8.70 % w.e.f. 10.12.2018
(All charges are Exclusive of GST)
I.Fully Secured 1 Year MCLR + 4.50%
II. Clean/Unsecured 1 Year MCLR + 5.50%
III. Financing secured under tie up arrangements 1 Year MCLR + 4.50%
IV. For Senior Citizen aged 60 years & above for Loans Upto Rs.50,000/- 1 Year MCLR + 3.50%
One time 2.00% of loan amount
Min. Rs.1,000/-
Max. Rs.10,000/-

Senior Citizen (60 years & above) No Processing Charges

Other Charges


Stamp charges for documents: At actuals For further information you may contact nearest Branch of the Bank Loan at the sole discretion of Bank of India.