Public Sector Bank (PSU)Overdraft / Cash CreditSmall Enterprise (Investment ≤ ₹10 Cr)🛡️CGTMSE CoveredVerified: 2026-09-29

Bank of India Star SME Liquid Plus

Primary Lending Institution:Bank of India

₹10 Lakh to ₹5 Crore MSME credit at 8.75% – 10.35% with Up to 12 months (Renewable) tenure.

Interest Rate8.75% – 10.35%Linked to EBLR / MCLR / Risk

Loan Amount Quantum₹10 Lakh to ₹5 CroreBased on turnover & project cost

Repayment TenureUp to 12 months (Renewable)With moratorium where applicable

Collateral SecurityRequires mortgage of immovable urban property with clear title.

What's Missing: Crucial Fine-Print & Exclusion Gaps

Requires mortgage of immovable urban property with clear title.

Note: Eligo publishes these regulatory and commercial exclusions directly from bank product guidelines and CGTMSE rules to protect MSME applicants from unexpected fee debits or loan rejection surprises.

What is Bank of India Star SME Liquid Plus?

Flexible overdraft facility against commercial or residential property allowing MSMEs to draw funds as working capital.

Key Benefits & Features

Flexible withdrawals; interest charged only on utilized amount; overdraft limit renewed annually.

Government Subsidy & Credit Guarantee Coverage

CGTMSE / Bank Guarantee / Normal Security

Enterprise Eligibility Criteria

Commercial business enterprises with mortgageable real estate.

Business Vintage2+ Years in Operation

Min. Annual Turnover₹25.0 Lakh

Processing Fee0.50% + GST

Prepayment TermsZero prepayment penalty on floating rate loans as per regulatory norms

How to Apply (3 Verified Paths)

💼Path 1: Current Account Portal

Apply online via business net banking or approach loan account manager.

🌐Path 2: Official FinTech / Govt Portal

Apply online at https://bankofindia.co.in/star-sme-liquid-plus with digital KYC and financial statements.

🏢Path 3: SME Banking Center Walk-In

Visit nearest MSME branch of the institution with business registration and bank statements.

Eligo does not collect business loan applications or financial data. Apply directly on the verified official domain:

Visit Official Portal↗

Documents Required Checklist

Udyam Registration Certificate, PAN, Aadhaar, Last 2 years ITR and financial statements, 12 months GST returns, 6 months bank statement.

Frequently Asked Questions

What is the maximum loan tenure and amount for Bank of India Star SME Liquid Plus?

Borrowers can avail ₹10 Lakh to ₹5 Crore with a repayment tenure of Up to 12 months (Renewable).

What are the processing charges and collateral terms for Bank of India Star SME Liquid Plus?

The processing fee is 0.50% + GST. Collateral terms: Requires mortgage of immovable urban property with clear title.

What are the eligibility criteria for Bank of India Star SME Liquid Plus?

Commercial business enterprises with mortgageable real estate. Minimum business vintage required is 2 year(s).

How can an applicant apply for Bank of India Star SME Liquid Plus?

Apply online at https://bankofindia.co.in/star-sme-liquid-plus or visit nearest branch with KYC, Udyam registration, and bank statements.