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STAR PROJECT LOAN

Announcements

Dear Customer, please note that we have revised our Interest Rates and improved our Product Service delivery w.e.f 01.10.2018; Visit our nearest branch for update. View More...

Audited Financial Results as on 31.12.2017

Audited Financial Results as on 31.12.2016

Audited Financial Results as on 31.12.2015

Financial Statement as on 31.Dec.2018

Audited Financial Statement as on 31.Dec.2018

Exchange Rates

BOI STAR PROJECT LOAN

Project financing for purchase/construction/development/setting-up of a new manufacturing /commercial/residential units.

Main features and benefits
  • The eligibility of loan amount depends upon various factors like nature of the project / borrower /promoter’s back-ground / value of the account / cash-flow projec-tions/collateral security etc., acceptable to the bank.
  • We finance up to a maximum of 80% of the project cost.
  • Interest rates shall be based on various factors like LVR, repayment period, credit history etc.
  • The repayment period of the loan depends upon various factors like nature of the pro-ject / borrower / promoter’s back-ground / experience in the field / value of the account / cash-flow projections/collateral security etc., acceptable to the bank subject to maxi-mum period of 10 years including the moratorium period.
  • Maximum of 24 months from the date of first disbursement. Interest during moratorium period is to be serviced.

Basic Requirements
  • Formal Application stating the amount, purpose, tenor, source of repayment and pro-posed security.
  • Financial card number for the borrower
  • Third party guarantee of persons with adequate worth. (Can be waived at the discretion of BOIUL depending on the standing of the borrower).
  • Mortgage over the property / assets financed by the Bank. Additional security may be required based on the type of project, quantum of loan, experience of the promoters etc.,
  • Personal/corporate/trust guarantee as required by the bank.
  • BOIUL must be noted as an interested party on the insurance policy of the property. Any deviation in terms would need approval of sanctioning authority on merits.
  • Audited accounts for at least three financial years, prepared by a Certified Public Ac-countant, with an unqualified opinion.
  • Management Accounts for the most recent concluded month.
  • Projected Cash flows for the period of financing.