Business, & agriculture finance

BOI Star Contractor Credit

Working-capital line for established contractors, including fund-based limits, bank guarantees and letters of credit from ₹10 lakh to ₹5 crore.

Facility amountMinimum ₹10 lakh and maximum ₹5 crore.Target groupCivil, mining, engineering and transport contractors organised as proprietorships, partnerships or limited companies.Security / marginFirst charge on unencumbered current and fixed assets; collateral to maintain 1.50 asset cover. Minimum margin 20% fund-based and 15% cash margin non-fund-based.

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✓ Manually checked 30 Aug 2026 · active

Offered byBank of India

India; BOI branches

Key facts

What the official sources publish

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Facility amountMinimum ₹10 lakh and maximum ₹5 crore.View source

The official page publishes ₹10 lakh minimum and ₹500 lakh maximum.

Source: Star Contractor Credit — BOI
Page / section: Quantum of Limit
Accessed: 30 Aug 2026
Confidence: high

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Target groupCivil, mining, engineering and transport contractors organised as proprietorships, partnerships or limited companies.View source

The official target-group and eligibility sections list contractor types, three-year vintage, audited statements and SBS rating.

Source: Star Contractor Credit — BOI
Page / section: Target group / eligibility
Accessed: 30 Aug 2026
Confidence: high

Open official source ↗

Turnover / appraisalAppraisal is 30% of the last two years' average turnover, with two-thirds for fund-based and one-third for BG/LC limits.View source

The official appraisal section states 30% of average turnover and the two-thirds/one-third split.

Source: Star Contractor Credit — BOI
Page / section: Appraisal of loan
Accessed: 30 Aug 2026
Confidence: high

Open official source ↗

Security / marginFirst charge on unencumbered current and fixed assets; collateral to maintain 1.50 asset cover. Minimum margin 20% fund-based and 15% cash margin non-fund-based.View source

The official security and margin sections publish the charge, cover and percentages.

Source: Star Contractor Credit — BOI
Page / section: Security and margin
Accessed: 30 Aug 2026
Confidence: high

Open official source ↗

Geographic limitsIndia; BOI branchesView source

The manually reviewed product record states: “India; BOI branches”.

Source: BOI Star Contractor Credit — official product page
Page / section: Published product metadata
Accessed: 30 Aug 2026
Confidence: high

Open official source ↗

DocumentsThree years financials, constitution/KYC, contracts and security documents requested by BOIView source

The manually reviewed product record states: “Three years financials, constitution/, contracts and security documents requested by BOI”.

Source: BOI Star Contractor Credit — official product page
Page / section: Published product metadata
Accessed: 30 Aug 2026
Confidence: high

Open official source ↗

Benefits and features

Fund-based working capital plus /
₹10 lakh minimum and ₹5 crore maximum
30% of average turnover appraisal, split two-thirds fund-based and one-third non-fund-based

Eligibility

Established contractor in business at least three years, audited financial statements and entry-level SBS credit rating.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

Three years financials, constitution/, contracts and security documents requested by BOI

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Amount you want to borrowThe money you would receive from the lender.₹twenty-five lakh rupees₹50,000₹2,00,00,000Yearly interest rateThe percentage charged on the outstanding loan each year.%2%30%Time to repayA longer time usually lowers the monthly payment but raises total interest. months6 months360 months

One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees

Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees

Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

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TableProductChoose column

Star Contractor Credit · CustomerEstablished contractors, 3+ years

This value is copied from BOI products — published terms. Check the table notes before relying on it.

Source: BOI product catalogue and detail pages · Product cards and linked terms Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 4 rows · 5 columnsBOI MSME products — published termsBusiness-finance products and their official quantum, eligibility, security and rate terms.View tableHide table

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BOI MSME products — published terms
Product	Customer	Quantum	Security / margin	Rate / repayment
Star Contractor Credit	Established contractors, 3+ years	₹10 lakh–₹5 crore	1.50 asset cover; 20% fund-based / 15% NFB margin	Rate/charges as applicable; appraisal 30% of average turnover
Udyami Vanita	Udyam owned by women	Above ₹10 lakh–₹10 crore	10% margin; asset charge	RBLR+0.25%; premises term up to 14 years, other term up to 7
Star Channel Credit — Supplier	Sponsor-corporate suppliers/vendors	Invoice-assessed; no universal cap	Invoice/receivable assignment; minimal or nil margin may apply	Programme-specific competitive rate
Star Channel Credit — Dealer	Sponsor-corporate dealers	Invoice-assessed; no universal cap	Invoice/receivable assignment; minimal or nil margin may apply	Programme-specific competitive rate

BOI product catalogue and detail pages · Product cards and linked terms · accessed 30 Aug 2026Open official source ↗

Table 2 · 4 rows · 3 columnsBOI business-finance final queue — published rate/fee statusView tableHide table

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BOI business-finance final queue — published rate/fee status
Product	Field	Official result
Pradhan Mantri Mudra Yojana	Interest rate	As prescribed by BOI; no fixed percentage published
Pradhan Mantri Mudra Yojana	Processing fee	As per extant BOI guidelines; no fixed amount published
Star Asset Backed Loan	Interest rate	As applicable to assessed borrower/facility; no fixed percentage published
Star Contractor Credit	Interest rate	As applicable under BOI guidelines; no fixed percentage published

BOI official business-finance pages and policy · Rate/fee tabs and applicable-guideline references · accessed 10 Sept 2026Open official source ↗

BOI Star Contractor Credit

What the official sources publish

Benefits and features

Eligibility

Documents the bank lists

Related official documents

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Loan repayment estimate

Find the exact published value

Complete rates, limits and schedules

Related products

BOI Pradhan Mantri Mudra Yojana

BOI Star Asset Backed Loan

BOI Star Channel Credit — Dealer

BOI Star Channel Credit — Supplier

BOI Star SME Contractor Credit

What the official sources publish

Benefits and features

Eligibility

Documents the bank lists

Related official documents

Try the numbers

Loan repayment estimate

Find the exact published value

Complete rates, limits and schedules

Related products

BOI Pradhan Mantri Mudra Yojana

BOI Star Asset Backed Loan

BOI Star Channel Credit — Dealer

BOI Star Channel Credit — Supplier

BOI Star Contractor Credit