Bank Of India Star Loan Against Property Highlights 2023 | |
Interest rates | 11.10% p.a. onwards |
Loan amount | Up to Rs 7.5 crore |
Loan tenure | Up to 15 years for term loans |
Up to 12 years for reducing overdraft | |
Processing fees | Up to 1% of sanctioned loan amount |
Note: Interest rates as of 10th January 2023

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Table of Contents
Bank Of India Star Loan Against Property Interest Rates
Star LAP Term Loan Interest Rates
CIBIL Score | Interest Rates (p.a.) |
760 and above | 11.10% |
675 and 759 | 11.60% |
Below 675 (only for the purpose of reviewing of account and not meant for fresh sanction) | 12.10% |
-1 & 0 | 11.85% |
Star LAP Overdraft (reducible) Interest Rates
CIBIL Score | Interest Rates (p.a.) |
760 and above | 11.35% |
675 and 759 | 11.85% |
Below 675 | 12.35% |
-1 & 0 | 12.10% |

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Compare Interest Rates on Loan Against Property for Top Banks & HFCs
Name of the Lender | Interest Rate (% p.a.) |
State Bank of India | 10.35-11.05 |
Bank of Baroda | 10.55-16.20 |
PNB Housing Finance | 9.65-13.00 |
IDFC First Bank | 8.75-16.25 |
HDFC | 9.35-12.25 |
L&T Housing Finance | 9.60 onwards |
LIC Housing Finance | 9.10-12.25 |
Godrej Housing Finance | 9.75-14.50 |
ICICI Bank | 9.75-10.90 |
Tata Capital | 9.85 onwards |
Bajaj Housing Finance | 9.85-10.80 |
Axis Bank | 9.90-10.35 |
Kotak Mahindra Bank | 9.15 onwards |

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Bank Of India Star Loan Against Property Fees and Charges
Processing fees
For loan repayable by installment | One time @ 1% of sanctioned loan amount Min. Rs 5,000 and Max. Rs 50,000 |
For Mortgage Overdraft (reducible) | 0.50% of the Sanctioned limit min. Rs 5,000 and Max. Rs.30,000 for 1st year at the time of original sanction. |
0.25% of the Reviewed limit min.Rs 2,500 & Max. Rs 15,000 for subsequent years | |
For rural areas | 75% of the normal applicable charges in respect of loans availed by borrowers from rural areas from rural branches |
Bank Of India Star Loan Against Property Eligibility Criteria
Only Individual customers:
- Resident Indians (both existing and new)
- Regular and confirmed employees/individuals with high net worth.
- Professionals, self-employed and people engaged in trade, commerce and business, engaged in business/profession for a minimum period of 3 years.
Non Resident Indians:
- Non-Resident Indians (NRIs) holding Indian passports having a regular job abroad in a reputed Indian / foreign company, organization or government department.
- NRIs holding a valid job contract / work permit for minimum past -3- years or employed / self-employed or having a business unit and staying abroad at least for past -3 years.
Maximum age:
- Individuals in permanent service: 60 years or Retirement age whichever is earlier.
- For self-employed/non-salaried people, sanctioning authority may relax the age limit by 10 years i.e. upto 70 years.
Check:- Loan Against Property Eligibility Criteria

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Bank Of India Star Loan Against Property Documents Required
The bank has not disclosed the documents required for availing loan against property. However, customers will need to provide basic documents such as residence proof, income proof, property-related documents such as approved plan, no encumbrance proof, title deeds, etc.