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Bank Bank of India
Scheme STAR ASSET BACKED LOAN (BSABL)
Description Purchase of equipment, Machinery, Vehicle, Furniture, Fixture etc. and Working capital requirement, Purchase/Renovate/Construct Business Premises/Office/Godown/shop/Unit etc, to repay high cost debt
Eligibility  All Existing Business enterprises complied with GST Registration, unit should be in operation in last 3 years and should have earned cash profit atleast in two preceding years
Rate of Interest & Repayment
Collateral Immovable property in the form of Equitable/Registered Mortgage of land and building, by way of first charge.
Composite /loan Limit The extent of finance is minimum Rs 50 lacs, maximum Rs. 1000 lacs
Margin
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Bank Bank of India
Scheme STAR CHANNEL CREDIT
Description  
Eligibility Sponsoring Corporate can be a Manufacturing Unit, Wholesale Dealer of goods, Distributor of goods, or a Provider of Services. The Sponsoring Corporate should be rated SBS 1-3 and SBS 4-6 (previous rating of 'AA' and above). · ·        Facilities to Suppliers and Dealers would be extended based on the referral of the Sponsoring Corporate. · ·        Exposure to each Dealer to be based on the referral of the Sponsoring Corporate  
Rate of Interest & Repayment Suppliers:1% below PLR, Min 10.25% pa. Zonal Managers shall have the discretion to approve a concession of 0.25% (10% floating). Further concession to be approved at HO level. Dealers:: ROI not below the rate for which the Sponsoring Corporate is eligible for W/C Finance against Book Debts.
Collateral  
Composite /loan Limit  
Margin Nil
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Bank Bank of India
Scheme BOI STAR VYAPAR
Description Financing of stock and book-debts.
Eligibility Satisfactory experience of business, 2 preceding years Financial statements
Rate of Interest & Repayment  
Collateral >110% (MV) of loan amount.
Composite /loan Limit The extent of finance is Rs.1000 lacs.
Margin 25% against stocks & BDs
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Bank Bank of India
Scheme Star Laghu Udyami Samekat Loan
Description Investment and working capital requirement.
Eligibility All micro, Small enterprises
Rate of Interest & Repayment  
Collateral Hypothecation of Assets created out of bank finance. EQM of property which is part of business activity.
Composite /loan Limit Rural – Rs.5.00 lacs, Semi Urban Rs.10.00 lacs, Urban Rs.50 lacs. Metro Rs.100 lacs.
Margin 15%
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Bank Bank of India
Scheme SRTO
Description Purchase of commercial vehicles/Earthmoving equipment/excavators for commercial and / or Captive use.
Eligibility Limits upto Rs100 lacs as per Scoring sheet 20 marks, above Rs 100 lacs appropriate rating model
Rate of Interest & Repayment Repayment: 5 to 7 years including moratorium 3 months. Repayment holiday 3 months during monsoon may be considered.
Collateral Hypothecation of vehicle.
Composite /loan Limit  
Margin Minimum 15%
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Bank Bank of India
Scheme Star SME Auto Express
Description Purchase Transport vehicle for delivering their products/services. Educational institution for transport services to students, faculty/Staff. Only New Vehicles.
Eligibility Existing satisfactory conducted account having sufficient net worth and sources of fund to pay the margin and initial recurring expenses, with entry level
Rate of Interest & Repayment  
Collateral Hypothecation of vehicle
Composite /loan Limit  
Margin 20% of cost of vehicle on road.
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Bank Bank of India
Scheme Star SME Contractor line of Credit
Description Meeting Working capital needs.
Eligibility Established contractors engaged in business for past three years having Audited Financials and entry level rating SBS 5
Rate of Interest & Repayment  
Collateral ACR of 1.50 to be maintained.
Composite /loan Limit The extent of finance is Rs.10 lacs Rs.500 lacs.
Margin 20% fund based limit & 15% cash margin on NFB
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Bank Bank of India
Scheme Star SME Education Plus
Description ·        Construction, repair and renovation of building, purchase of Furniture & Fixtures and Computers for Educational institutions i.e Universities, Colleges and Schools
Eligibility Approved educational institutions i.e Universities, Colleges and Schools with 3 years Audited financials and record of profit making at least continuous two years
Rate of Interest & Repayment  
Collateral Minimum 1.5 ACR.
Composite /loan Limit Rs.10 lacs & Rs.500 lacs.
Margin 20%
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Bank Bank of India
Scheme CLCS-TU Scheme
Description The objective of CLCS component of CLC-TUS is to facilitate technology to MSEs through institutional finance for induction well established and proven technologies
Eligibility specific sub-sector/products approved under the CLCS scheme.
Rate of Interest & Repayment  
Collateral  
Composite /loan Limit  subsidy cap of Rs. 15.00 lakh
Margin  
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Bank Bank of India
Scheme Star SME Liquid Plus
Description Purchase of machineries, equipment and preliminary expenses for R & D activity, Marketing and Advertisement expenses
Eligibility Making profit for last two years, and entry level rating SBS 5
Rate of Interest & Repayment  
Collateral Primary-Hypothecation of asset, mortgaged land. EQM of Residential or Commercial property.
Composite /loan Limit The extent of finance Rs.10 lacs to Rs.500 lacs.
Margin  
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Bank Bank of India
Scheme BOI Star Doctors Plus
Description Setting up new /clinic/nursing home/ pathological lab or for expanding /modernizing the same, purchase of equipment, purchase of vehicle.
Eligibility ·        Professionally qualified persons in age group 25 to 60 years..  
Rate of Interest & Repayment  
Collateral Primary : Hypothecation of Assets. And Eq, Mortgage of Property.   Collateral : No collateral up to Rs. 10.00 crore and above Rs. 10.00 crore minimum 20%  
Composite /loan Limit  up to Rs.100lacs.
Margin 15 to 25%
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Bank Bank of India
Scheme Star MSME GST Plus Scheme
Description To meet the need based WC requirements of trading /services and manufacturing business.
Eligibility Units engaged in Trading / Manufacturing activity having GSTIN. Account rating must have investment grade with entry level.
Rate of Interest & Repayment  
Collateral Primary : Hypothecation of stocks and Book debts   Collateral : Minimum 65% CCR
Composite /loan Limit Minimum Rs.10 lacs, Maximum Rs.500 lacs.
Margin 25% Stock, 40% Book Debt.
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