Syndicate bank is one of the oldest commercial bank of India. The banks offers banking and financial services to its customers. Syndicate bank provides various kinds of loans to its customers and housing loan is one of its variants. The loan schemes have been so designed that it caters easily to all the segments of the society. The repayment schedules are so well designed that an individual can easily adjust it according to his/her source of income.
Syndicate bank offers various types of home loan schemes to its customers to fulfill their requirements and are as follows:
Synd Nivas Home Loan
|Synd Nivas Home Loan Interest Rate 2019|
|Interest Rate||8.75% onwards|
|Loan Tenure||Up to 30 years|
|Loan Amount – Salaried||Upto 72 months’ Gross salary of the applicant|
|Loan Amount – Non-Salaried||6 times of 3 years average income|
|Processing Charges (Upto Rs. 25 Lakhs)||0.125% of the Loan amount with a Max. of Rs. 2500/-|
|Processing Charges (Above Rs. 25 Lakhs & Upto Rs. 75 lakh)||0.125% of loan amount with a maximum
|Processing Charges (Above Rs. 75 lakh)||Rs. 5000/- Flat|
|Security||Mortgage of Plot / House / Flat to be constructed / purchased.|
|Margin||Min. 10% & Max. 50%|
Note: The mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the bank and RBI.GST and service tax shall be levied extra on the mentioned charges.