B o I i

Relationship beyond banking

STAR HOME LOAN SCHEME

FOR YOUR DREAM HOME
SALIENT ATTRACTIVE FEATURES OF THE SCHEME
i) For various purposes like - To purchase / construct house / flat, for repair/renovation/alteration/addition to
existing house/flat, To purchase a plot of land for construction of house, for furnishing the house/flat, Take-over
of your housing loan extended by other Banks / Financial Institutions / NBFCs.
ii) Higher Loan eligibility and Low Rate of Interest.
iii) Lower EMI (Equated Monthly installment)
iv) Longer Repayment period upto 25 years.
v) Option for different EMI amounts for different periods during tenure of loan to suit you repayment capacity i.e.
you can opt for :
- Lower EMI during initial period and higher EMI during later period.
- Higher EMI during initial period and lower EMI during later period.
- Bullet repayment of part of the loan amount in stages (i.e. where customer is expecting large proceeds
form PPF/LIC policy/NSC/Sale of property etc.)
- Progressive / step up EMI Permitted.
vi) Revision in EMI upon revision in Rate of Interest.
vii) Interest is calculated on daily balance basis which is of great advantage to customer as it results in lower interest
amount. Some Banks/Financial institutions apply interest on monthly/quarterly/annual reducing balance basis
which results in higher interest amount.
viii) No Administrative / Commitment charges, No Hidden costs
ix) Prepayment of loan permitted.
x) Very low Processing Fees / charges
xi) Loan available for repayment of your present higher cost housing loan other Bank/Financial Institution i.e. Take
over of your existing Loan account.
xii) Loan to NRIs (Non - Resident Indians) also.
xiii) Free Credit Card for first year on complementary basis (i.e. no charges for entry fee and membership fee for one
year), subject to term & conditions.
xiv) Free Personal Accident Insurance cover for the borrower (covering accident death as well as permanent total
disablement) as per the terms of the Policy, covering entire loan outstanding as on the date of accident.
xv) Disbursement of Loan amount in full (irrespective of stage of completion of project) can be permitted provided
adequate collateral security is provided. Such collateral security may be released upon completion of project
and creation of equitable mortgage charge over the property financed by the Bank.
xvi) Simplified application form/procedures for convenience of customer, and speedy approvals.
xvii) Tie-up arrangement (Wherever possible) with employer for providing easy repayment route.
xviii) Availability of substantial Income-Tax benefits towards repayment of principal & interest amount as per Income-
tax laws applicable.
xix) Optional Life Insurance cover in association with Star Union Dai - Ichi Life Insurance Co. Ltd., a joint venture of
Bank of India.
 B o I i
Relationship beyond banking

LIST OF DOCUMENTS REQUIRED FOR HOUSING FINANCE FROM APPLICANTS & GUARANTORS
1. Two passport size photograph of applicant/s and guarantor/s.
2. Income proof, latest salry certificate, salary slip from employer showing name, designation, salary details of deductions and copies of income tax
returns of last 3 years together with latest income tax assessment order and advance tax challans of current year.
3. Employer’s certificate about birth date, age, date of joining, likely date of retiremaents, etc.
4. Application form.
5. Xerox copy of PAN allotted by income-tax department.
6. Documentary proof of assets owned such as flat/Plot/NSC/LIC Policies /shares etc.
7. Copy of driving license/passport/photo identity card issued for election purpose/photo identity card issued by employer.
8. In case of business man, copies of financial statements(prefereably audited) & Income tax returns for last three years together with copy of latest
income-tax assessment order and advance tax challans of current year.
9. Copy of any of the following:- ration card/telephone bill/Electricity bill/rent Receipt/certificate about address from employer with signature verified.
10. Other than individuals-any one of (Certificate of Registration under Shop and establishment Avct or factories act or as SSI or similar Registration with
govt/Municipal bodies).
(A) FIRST PURCHASE FROM THE BUILDER:
1. Original registered agreement for sale between applicant and the builder, alongwith index II, extract and original registration fee paid receipt.
2. NOC from the builder to mortgage the flat in the name of Bank of India(in our format)
3. Development agreement between owner of the land and the Builder.
4. Power of attorney given by land owner to the builder for carrying on the construction work.
5. NA order from collector.
6. Ceiling orders if any (order u/s 8(4), 20/21/22 of ULC Act. Order/permission u/s 26 of ULC Act).
7. Latest 7/12 extract of Property register extract and pherphar extract.
8. Commencement certificate from Municipal Corporation.
9. Sanction building plan from collector/town Planning authority.
10. Copy of Title report by Builder’s advocate.
11. Stamped receipts in respect of payment made to the builder.
12. Any other document as maybe found necessary by the bank’s advocate for legal scrutiny.
13. A brief write-up on the builder/promoter detailing their experience in executing projects and giving full details of property.
(B) RESALE OF FLAT IN A CO-OPERATIVE SOCIETY
1. Original agreement for sale between applicant and vendor.
2. Up-to-date tax paid receipt.
3. Original share certificate and/or allotment letter(applicable for co-op housing society)
4. Society registration certificate
5. NOC from society to re-sale and to admit you as a member and permission to mortgage.( as per specimen no. 2)
6. Valuation certificate from our approved architect.
7. All the document of Vendor as mentioned above vide item A.
8. Blank transfer forms.
C. RESALE OF FLAT WHERE SOCIETY IS YET TO BE FORMED:
1. Original agreement for sale between applicant and vendor.
2. Latest tax paid receipt.
3. NOC from the builder to mortgage the flat in the name of bank of India-in our format.
4. valuation certificate from our approved engineer/ architect
5. All the documents of vendor as mentioned in above item (A).
(D) FLAT HOUSE ALLOTTED BY DEVELOPMENT AUTHORITY (MHADA/PCNTDA ETC.)
1. Allotment letter.
2. NOC from PCNTDA/MHADA to mortgage the property in favour of Bank of India.
3. Receipts for the payments made to development Authority.
4. Schedule of Payment.
5. True copy of sanctioned plan.
6. Registered Lease Deed in case construction plot is allotted by MHADA/PCNTDA along with Registration receipt.
7. Commencemnt certificate.
(E) CONSTRUCTION ON FREEHOLD LAND
1. Registered sale deed and Original registration Receipt.
2. NA order from Collector.
3. Latest 7/12 extract/index II/ property register extract and pherphar extracts.
4. Commencement certificate from the corporation.
5. Sanctioned building plan from collector/ Town Planning authority.
6. Ceiling order if any (u/s 8 (4), u/s 20/21/22 of ULC Act, Order/permission u/s 26 of ULC Act.
7. Detailed estimate of construction cost.
(F) In case of repair/renovation/extension, full details of existing property , details of repairs/ renovation/extension proposed to be carried out and
and estimated expenses. The estimate from an architect registered with architects Association or on bank’s panel should be accompanied.
Sl No. HOME LOAN
Application form B o I i
To be filled in by the applicant in CAPITAL LETTERS Relationship beyond banking

The Manager,
BANK OF INDIA
_________________ BRANCH Photo Photo
Applicant (1) Applicant (2)
I/We hereby apply for a loan of Rs. ________________ (Rupees ______________________________________________ Please paste the Please paste the
photograph and photograph and
________________________________________only) as housing loan for: (tick whatever is applicable) sign across sign across

Purchase of flat Construction Repairs Renovation Alteration Extension of house/flat

Declaration
To enable the Bank to consider my/our request, I/We furnish below the required particulars/information and undertake to furnish to the Bank any other information/particulars required
for the purpose from time to time till the loan is repaidin full

Applicant No. 1 Applicant No. 2

(in whose name house/flat is to be registered) (Wherever applicable)
I. BORROWER PARTICULARS
A. Full name First
Middle
Last

B. Date of Birth & Age D D M M Y Y Y Y years D D M M Y Y Y Y years

C. Sex Male Female Male Female
D. Marital status Married Unmarried Married Unmarried
E. Name of father/husband

F. No. of dependents (incl. self)

G. No. of children
H. Nationality Indian Non-Indian Indian Non-Indian
I. Residential status (If NRI-copy of Resident NRI POI Resident NRI POI
Passport/visa/work permit etc.,)
J. Religion
K. Educational Qualification
L. If married: spouse Name
Occupation
PAN No.
Net monthly income Rs.
M. Earning member Name
in family
(other than Relation
applicant/s) Occupation
Net monthly income Rs.
N. Banking Details of Bank
Earning Member
(other than applicants) Branch
Account No.
O. If earning member is Name
BOI staff or applicant/s
is related to BOI staff Relation Joined since D D M M Y Y Y Y Joined since D D M M Y Y Y Y
- details of BOI staff Designation Branch Branch
P. Physically challenged Yes No Yes No
Q. Ex-serviceman Yes No Yes No
R. Minority community Yes No Yes No
R. Category GEN OBC SC ST GEN OBC SC ST

II. IDENTIFY/ADDRESS PROOF

A. PAN No (Attach copy)
B. Proof of Identity Election Card Passport Election Card Passport
(Any one copy to be attached) Driving License UID Driving License UID
C. Present Address
(Address Proof to be attached-
Ration Card ,Telephone/
Electricity/Gas Bill etc.,) City District District
State PIN PIN
Landmark
D. Premises Ancestor Rented Ancestor Rented
Owned If rented: since D D M M Y Y Y Y Owned If rented: since D D M M Y Y Y Y

E. Telephone Number
F. Mobile Number
G. E-mail ID
H. Permanent Address

City District District

State PIN PIN
Landmark
D. Premises Ancestor Rented Ancestor Rented
Owned If rented: since D D M M Y Y Y Y Owned If rented: since D D M M Y Y Y Y
Sl No. HOME LOAN
Application form B o I i
To be filled in by the applicant in CAPITAL LETTERS Relationship beyond banking
Applicant No. 1 Applicant No. 2
(in whose name house/flat is to be registered) (Wherever applicable)

III. OCCUPATION/BUSINESS Salaried Self-Employed Business Salaried Self-Employed Business

A. Name & Address of
Employer/Business

City District District

State PIN PIN
Landmark

B. Employer (Central Govt./

State Govt./PSU/Bank/
Public Ltd/Private Ltd/
MNC etc.) or Business category

C. Designation

D. Department/Business Nature

E. Date of joining/Established in D D M M Y Y Y Y D D M M Y Y Y Y

F. Date of Retirement D D M M Y Y Y Y D D M M Y Y Y Y
G. Age of Retirement
H. Salary deduction available

I. Office/Business Tel. No.

J. E-mail ID (Official)

K. Contact Person at Office/

Business & Telephone Number

IV. INCOME/ASSET DETAILS

Amt. In Rs. Amt. In Rs.
A. Income Details (Monthly/Annual) Gross income Gross income
(Copy of latest salary certificate/
Less: Statutory deduction Less: Statutory deduction
Form-16/ITR for last 3 years to
be attached) Less: Other Deduction Less: Other Deduction
Add: Other Income specify Add: Other Income specify
Net Income Net Income

B. Position of Assets & Liabilities Movable/Immovable Assets-Particulars (A) Movable/Immovable Assets-Particulars (A)
(Documentary proof of Assets Value (Rs.) Value (Rs.)
and Liabilities to be attached )

Note: Applicant may attach full

details in a separate sheet of
paper for clarity.

(separate CBD-23 not be

obtained)
Liabilities Liabilities
Value (Rs.) Value (Rs.)

C. Networth (A-B) (Amount Rs.)

V. Details of accounts with Banks/Institutions (Submit Xerox of passbook/statement of account for 6 months) (CIBIL report sha ll be obtained by the branch)

SB/CD/TDR/Loan/
Cash Credit/OD Bank and Branch Account Balance O/s Bank and Branch Account Balance O/s
A.

B.

C.

D.
Sl No. HOME LOAN
Application form B o I i
To be filled in by the applicant in CAPITAL LETTERS Relationship beyond banking

Additional information to be furnished by applicant/s for Home Loan

I. Project particulars
A. Loan required for Purchase of plot Construction Purchase of flat Repair Extension Furnishing
B. Name of builder/vendor and
address

City PIN
C. Contact no. builder/vendor

D. Relation between builder/vendor

and buyer, if any
E. Property status Ready Under construction Proposed

F. If under construction/propos ed Proposed date of completion/Possession: D D M M Y Y Y Y

G. If completed: date of D D M M Y Y Y Y
occupancy certificate
H. If society Society Registration Number Allotment Letter issued Yes No Shares Issued Yes No

I. Address of property

J. Flat/house number

K. Name of building

L. Name of society

M. Road

N. City

O. District PIN

P. Landmark

Q. Name of project

R. Land Freehold Leasehold

S. If lease hold, lease expiry date D D M M Y Y Y Y

T. Plot Area in sq.meter/feet

U. Survey No/ Hissa Number

V. Built up area in sq.meter/feet

W. Carpet Area in Sq.meter/feet

II. LOAN REQUIREMENT (Amount in Rs.)

Requirement Source
A. Cost of land/House Bank Savings

B. Cost of construction/Repair/ Sale of Investment /NSC/Flat/

extension etc. House etc.,
C. Stamp duty/Registration Other sources (specify)

E. Other costs (give details) Bank Loan

F. Total Requirements (A) Total from all sources (B)

III. REPAYMENT
A. Interest Rate Option Fixed Floating

B. Repayment period (in months)

C. Moratorium period required, if any Yes No If yes, months. (Interest during moratorium to be paid as and when debited )

D. Source of repayment

E. Mode of repayment Debit to account Post dated cheque ECS

III. DETAIL OF LEGAL HEIRS/FAMILY PARTICULARS

Name Occupation Relation Age Marital Status Address

 Sl No. HOME LOAN
Application form B o I i
To be filled in by the applicant in CAPITAL LETTERS Relationship beyond banking

Reference - 1 Reference - 1

Name
Designation
Address

Pin Pin
Phone no. Moblie Moblie
E-mail

In support of the applications, I enclose:

(i) Recent Passport sized Photograph (ii) Copy of PAN card (iii) Identify proof (iv) Address proof (v) copy of I.T. Return/Wealth Tax Return/Assessment order for last
3 years (vi) Copy of Employment certificate with details of salary drawn issued by salary disbursing officials - alongwith Form 16 and salary certificate for last 6 months/Xerox of
passbook or statement of operating account for last 6 months (vii) Balance Sheet, Profit and Loss Account, Trading Account, C apital Account for last 3 years (Audited/
Unaudited) (viii) Copies of Agreement, revenue records/society certificate in respect of the land/house/flat/building/society (ORIGINAL WILL BE SUBMITTED TO BRAN CH
FOR VERIFICATION)

Declaration by applicant/s
I/ We hereby declare that

i. The proposed loan would be utilised by me /us for the purpose mentioned above. The finance required beyond the loan amount , shall be met by me/us from our own sources as
stated herein above;
ii. The house /flat /land to be purchased is unencumbered and is being made available with vacant possession and without any tenant;

iii. The various permissions /approvals required under the law have been obtained /shall be obtained prior to disbursement of the bank loan;
iv. The information given by me /us /our guarantor/s is true and correct on the basis of which bank would take decision for granting or otherwise of the loan to me /us;
v. In case at any point of time hereinafter it transpires that information provided is found to be incorrect/false and /or that it is observed that the loan to be availed by me /us is not
utilised for the purpose it is lent, the bank shall be at liberty to recall the advance forthwith irrespective of the contracted terms of loan and charge me /us penal /additional interest or take
any steps that may be deemed fit by the Bank. I/we shall repay the entire loan with additional./ penal interest and other charges, if any, forthwith;

vi. No disciplinary action and /or case is pending against me /us in any courts of law in the country;
vii. I/we confirm that I/we have not had any insolvency proceedings against me/us nor I /we have ever been adjudicated insolvent;

viii. I/we agree that the bank may take up such references and make such enquiries in respect of this application as it may deem necessary;

ix. I/we shall execute necessary documents at my/our cost , create adequate security for the loan as desired by the bank before disbursement of the loan. I/we agree to abide by all
the terms and conditions advised /to be advised by the bank from time to time;
x. I /we undertake to inform the bank regarding any change in information provided above. I /we shall furnish additional information /document as bank may ask from me /us from time
to time.

Yours faithfully
Applicant No. 1 Applicant No. 2

Signature

Name
Sl No. HOME LOAN
Application form B o I i
To be filled in by the applicant in CAPITAL LETTERS Relationship beyond banking

Annexure to Home Loan application: Optional - only for loans with Guarantor
(Attach latest Photograph - duly signed across photograph)

Borrower/Guarantor - 1 Borrower/Guarantor - 2

I. Borrower - Details
A. Name of Borrower (Mr/Mrs/Miss)

B. Purpose of loan

C. Loan amount requested

II. Guarantor - details

A. Name of Guarantor (Mr/Mrs/Miss)

B. Date of Birth & Age D D M M Y Y Y Y years D D M M Y Y Y Y years

C. Sex Male Female Male Female

D. Marital status Married Unmarried Married Unmarried

E. Name of father/husband

F. No. of dependents

G. No. of children

H. Nationality Indian Non-Indian Indian Non-Indian

I. Residential status Resident NRI POI Resident NRI POI

J. Educational Qualification
K. Operative SB account details (attach Yes No Yes No
passbook copy for last 6 months)
Name of branch

Account no.

Since D D M M Y Y Y Y D D M M Y Y Y Y

Balance outstanding

L. Other bank Yes No Yes No

Name of bank/branch

Nature of account SB CD Loan SB CD Loan

Account no.

Balance outstanding

Pan No. (Pl attach copy)

Passport/Driving Licence/Election
Card/UID/Ration Card No. and issuing
authority (please attach copy) Passport Driving Election UID Ration Passport Driving Election UID Ration
License Card Card License Card Card

III. Residential Address

(please attach address proof)
Flat No/House Number

Name of Building

Society

Road

City

District Pin Pin

Telephone/Mobile No.

E-mail ID

IV. Office/Business Address

Name of Employer/Business address with
PIN code

Pin Pin

Employed/In business - since D D M M Y Y Y Y D D M M Y Y Y Y

Designation

Office/Business - Telephone no.

Contact person at office/business

with number
 Sl No. HOME LOAN
Application form B o I i
To be filled in by the applicant in CAPITAL LETTERS Relationship beyond banking

Annexure to Home Loan application: Optional - only for loans with Guarantor
(Attach latest Photograph - duly signed across photograph)

Borrower/Guarantor - 1 Borrower/Guarantor - 2

V. Income and asset details

Gross Annual Income (Please attach salary
certificate/Form 16/Income Tax Return
along with B/Sheet and P&L/Trading
Account for last 3 years)
Asset/Liabilities - Asset (Rs in lacs) (A)
Description

Liabilities (Rs in lacs) (B)

Net worth

DETAIL OF LEGAL HEIRS/FAMILY PARTICULARS

Name Occupation Relation Age Marital Status Address

I/We hereby declare that I/We am/are agreeable to stand as guarantor to Mr./Mrs./Ms._________________ _______________________ _ for the loan applied. The foregoing
information provided by me/us is true and correct and provided to the Bank to take decision about granting or otherwise of the loan to me/us

I/We undertake that if, based on the information provided by me/us, Bank sanctions loan/s to him/her/them and in case at any point of time hereinafter it transpires that any information
provided/to be provided by me/us is found to be incorrect/false, the bank shall be at liberty to recall the advance forthwith, irrespective of the contracted terms of the loan.
I would repay forthwith, the entire loan outstanding then together with interest/penal additional interest and other charges

I/We undertake to provide any further information as Bank may ask from me from time to time. I/We also undertake to execute necessary documents for guaranteeing the loan

Yours faithfully 1st Guarantor 2nd Guarantor Signature of Guarantors verified

(By Borrower)

Signature

Name