Key facts
What the official sources publish
Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.
Loan purposeClean personal loan without pledging security, intended to purchase durable and sophisticated aids or appliances for physical and social rehabilitation.View source
The page describes a clean loan for durable aids/appliances and no security pledge.
- Source
- Star Mitra Personal Loan
- Page / section
- Features / Advantages
- Accessed
- 30 Aug 2026
- Confidence
- high
Maximum financeMaximum limit up to ₹2 lakh. Maximum quantum is 15 times net monthly salary for salaried applicants or 100% of net annual income for self-employed applicants.View source
The official page publishes the ₹2 lakh cap and salaried/self-employed quantum rules.
- Source
- Star Mitra Personal Loan
- Page / section
- Features / Advantages
- Accessed
- 30 Aug 2026
- Confidence
- high
Interest rateRBLR + 1.30%, presently 9.40% p.a.; DRI cases are stated at 4%. Interest is calculated on a daily reducing balance.View source
The current rate sheet lists RBLR + 1.30%, present 9.40%; the product page states DRI case 4% and daily reducing balance.
- Source
- Retail Loans — Floating and Processing Charges (effective 1 June 2026)
- Page / section
- Page 5: Star Mitra Personal Loan Scheme
- Accessed
- 30 Aug 2026
- Confidence
- high
Maximum tenureUp to 60 months.View source
The feature list states maximum repayment tenure up to 60 months.
- Source
- Star Mitra Personal Loan
- Page / section
- Features
- Accessed
- 30 Aug 2026
- Confidence
- high
Processing feeNil processing charge; the current rate sheet also lists the charge as waived.View source
The page states nil processing charges and the rate sheet says waived.
- Source
- Star Mitra Personal Loan
- Page / section
- Advantages / Charges
- Accessed
- 30 Aug 2026
- Confidence
- high
PrepaymentNo prepayment penalty is published.View source
The official advantages list says no prepayment penalty.
- Source
- Star Mitra Personal Loan
- Page / section
- Advantages
- Accessed
- 30 Aug 2026
- Confidence
- high
EligibilitySalaried, self-employed and professional individuals; maximum age 70 years at final repayment. A doctor’s certificate describing handicap extent and equipment need is required.View source
The eligibility and document sections publish borrower classes, age and doctor certificate requirement.
- Source
- Star Mitra Personal Loan
- Page / section
- Eligibility / Documents
- Accessed
- 30 Aug 2026
- Confidence
- high
Minimum incomeNo fixed rupee minimum income is published. Quantum uses a 15-times net-monthly-salary or 100%-net-annual-income rule and requires income proof.View source
The page gives income multiples rather than a fixed minimum salary.
- Source
- Star Mitra Personal Loan
- Page / section
- Features / Eligibility / Documents
- Accessed
- 30 Aug 2026
- Confidence
- high
BenchmarkRBLR plus 1.30%; current rate sheet shows 9.40% p.a. present rate.View source
The rate sheet names RBLR, spread and present rate.
- Source
- Retail Loans — Floating and Processing Charges (effective 1 June 2026)
- Page / section
- Page 5: Star Mitra Personal Loan Scheme
- Accessed
- 30 Aug 2026
- Confidence
- high
APRNo separate APR figure or methodology is published.View source
and charges are published but no calculation is provided.
- Source
- Star Mitra Personal Loan
- Page / section
- Rate / Charges
- Accessed
- 30 Aug 2026
- Confidence
- high
TenureUp to 60 months.View source
The feature list states maximum repayment tenure up to 60 months. This is the issuer-published maximumTenure value shown under the comparison field “Tenure”.
- Source
- Star Mitra Personal Loan
- Page / section
- Features — comparison field: Tenure
- Accessed
- 30 Aug 2026
- Confidence
- high
Maximum amountA BOI clean personal loan for differently abled borrowers to purchase durable aids and appliances, up to ₹2 lakh and 60 months.View source
The manually reviewed product summary states: “A BOI clean personal loan for differently abled borrowers to purchase durable aids and appliances, up to ₹2 lakh and 60 months.”.
- Source
- Star Mitra Personal Loan — official product page
- Page / section
- Published loan terms in product summary
- Accessed
- 30 Aug 2026
- Confidence
- high
Benefits and features
- Nil processing charges
- Clean loan without security
- No prepayment penalty published
- Assistive-equipment purpose
Eligibility
- Doctor’s certificate on handicap and equipment need is required.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- Identity/address/income proof and doctor’s certificate regarding handicap and equipment need.
Related official documents
Retail Loans — Floating ROI and Processing Charges (effective 1 June 2026)official-rate-sheet · current · accessed 30 Aug 2026
↗Star Mitra Personal Loanofficial-product-page · current · accessed 30 Aug 2026
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