BOI STAR DOCTOR PLUS

SCHEME
HOBC 110/15 DT. 01/04/2016
Presented By,

A K Mandilwar
Chief Manager & Faculty Member,
STC, Bhopal
ELIGIBILITY / PURPOSE / AGE
 Eligibility: Qualified registered medical
practitioners with minimum 3 years
experience in any branch of medical science
recognized by MCI/DCI/other
statutory/regulatory authority to practice in
India.
 Constitution: Individual/joint/proprietorship

 Age: 25 to 75 years. Deviation SZLCC & above.

 PURPOSE / LOAN LIMIT / QUANTUM
PERSONAL LOAN VEHICLE LOAN
Purpose Any approved purpose- For purchase of personal
Except for investment in vehicles
shares and speculative
purpose.
Loan limit Rs. 20 Lakhs Rs. 100 lakhs (Max. two
vehicle can be purchased).
Calculation For Salaried:- 24 times of For Salaried:- 36 times of
of gross monthly salary, gross monthly salary,
Quantum For others: Two times of For others: Three times of
of loan gross annual income. gross annual income.
Depreciation could be Depreciation could be
added if any. added if any.
 SECURITY / TYPES OF ADVANCE
Security (Personal Loan):
 Limit up to 5 lakhs:- Nil
 Loan over 5 lakh to 10 Lakhs:- Third party guarantee
 Loan over 10 lakh to 20 Lakhs:- Equivalent Coll. Security
Security (Vehicle loan): Hypothecation of asset created.
Bank Charge to be registered with RTO,
Types of advance (Personal Loan):
 D/L, T/L, OD (Reducible),
 OD (Non Reducible): Maximum limit 10 lakhs.
Types of advance (Vehicle Loan): D/L, T/L
 MARGIN / REPAYMENT
Margin (Personal loan):- Nil
Margin (Vehicle Loan):-
 Up to 25 lakhs:- Nil on show room price

 Above 25 lakhs:- 10% on show room price

Repayment-
For Loan, Reducible OD:- 84 months (Repayment to
commence from next month from 1st disbursement)
For Overdraft:- Repayment by reducing balance to be
fixed on reaching the age of 68 years to ensure
closure of loan A/c before completion of 75 years.
 NTH
Net take home:
/ ROI / PPC
 For gross monthly income up to 1 lakh- Min.40%
 From 1 lakh to 5 lakhs:- Min. 30%
 Over 5 lakhs:- Min. 25%
 Rate of interest:
 Personal loan:-
Fully Secured: 2.00% + BSS + 1Year MCLR
Clean/Unsecured: 3.00% + BSS + 1Year MCLR
 Vehicle loan:- New: 0.40% + BSS + 1Year MCLR
Second Hand: 0.40% + BSS + 1Year MCLR
Proposal Processing Charge:
50% of charge as applicable to the public.
 DELEGATION OF POWERS
Personal Loan
Delegation I II III IV V/SZLCC ZLCC/ HLCC
NBGLCC
Loan in lakh 1 2 3 5 10 20 FP

Vehicle loan
Delegation I II III IV V/SZLCC ZLCC/ HLCC
NBGLCC
Loan in lakh 1 5 8 25 75 100 FP

TAT- 5 working days after date of

receipt of complete application.