Bank of India Loans

The Bank Of India Loans system is quite vast. There are various types of Personal Loans that are provided by the Bank of India. Bank of India was founded on 7th September, 1906 by a group of eminent businessmen from Mumbai. The Bank was under private ownership and control till July 1969 when it was nationalized along with 13 other banks.

The various types of Personal Loans provided by Bank of India are:

Star Mitra Personal Loan:

The objective of this type of Bank of India Loans is to help Physically Challenged persons to function independently and the purpose is to purchase durable and sophisticated aids / appliances that promote their physical and social rehabilitation.

Star Pensioner Loan Scheme:

The target Customers of this type of Bank of India Loans are the Regular Pensioners or Family Pensioners drawing regular monthly pension through the branch and the eligibility is retired employees (other than dismissed/compulsorily retired).

Star Home Loans:

This type of Bank of India Loans provides loans to purchase a Plot for construction of a House, to purchase/construct house/flat, as well as for renovation/repair/alteration/addition to house/flat, furnishing of house, Takeover of customer's Housing Loan extended by other Banks/F.Is /NBFCs at highly flexible and liberal terms and conditions.

Star Holiday Loan Scheme:

To meet the expenses (like airfare/Train/Bus charges, expenses for accommodation, sight seeing, etc.) for going for pilgrimage/tours/excursions etc. undertaken/to be undertaken by Self/spouse/children/ parents/family members/close relatives of proponent within India or abroad.

Star Mortgage Loan:

This scheme provides loan/overdraft facility against mortgage of property at low rate of interest. The scheme is for people engaged in trade, commerce & business and also professionals & self employed, Prop. Firm, partnership firm, companies, NRIs and individuals with high net worth including salaried people, agriculturists and staff members. The product provides an opportunity to customers to borrow against a fixed asset (mortgage of property) at a short notice without much paper work/attendant hassles.

Star Autofin:

The Scheme provides loan for purchasing 2/4 wheeler vehicles (like car, scooter, motorcycle etc.). Maximum amount of loan is Rs. 25 lacs, depending upon cost of vehicle & income of proponent, at attractive rates of interest and easy repayment plans.

Star Personal Loans:

Star Personal Loan Scheme provides loan to meet various Personal requirements of customers and their family.

Star IPO:

To subscribe to Initial Public Offerings ( IPO ) including through book-building.

Star Educational Loans:

The Educational Loan Scheme aims at providing financial support from the bank to deserving/ meritorious students for pursuing higher education in India and abroad.