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 | ||
Detail Link | View Link |
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 |
Detail Link | View Link |
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 |
Detail Link | View Link |
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% |
Detail Link | View Link |
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% |
Detail Link | View Link |
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. |
Detail Link | View Link |
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 |
Detail Link | View Link |
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% |
Detail Link | View Link |
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 | |
Detail Link | View Link |
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 | |
Detail Link | View Link |
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% |
Detail Link | View Link |
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. |
Detail Link | View Link |