If you don’t have funds to fulfil any personal need then Syndicate Bank Personal Loan is an ideal choice to make. The loan can be availed by both salaried professionals as well as self- employed individuals just by meeting the eligibility criteria and completing a few formalities either online or offline.
Syndicate Bank Personal Loan - Features and Benefits
- Loan amount: Offering a maximum loan amount of up to Rs. 20 lakh, Syndicate Bank Personal Loan is a single loan that can help an individual to deal with multiple situations
- Flexible tenure: For both salaried professionals as well as self- employed individuals, the tenure goes up to 60 months and ensures flexible repayment
- Online application: From the comfort of your home or office, you can apply for Syndicate Bank Personal Loan easily and can expect quick disbursal (if approved)
- Minimum documentation: Submitting only a few documents would be enough to process your personal loan application
Syndicate Bank Personal Loan - Interest Rate and Processing Fees
| Interest Rate | Starts from 12.2% p.a. |
| Processing Fees | 0.50% of the loan amount with minimum of Rs. 500 |
Note: Concession of 0.25% p.a. is available for women (salaried professionals) beneficiaries if the loan amount is upto Rs. 1.50 lakhs
Syndicate Bank Personal Loan - Quantum of Loan
| Salaried Class | Non – Salaried Class | Borrowers Offering NSC/IVP/KVP Bonds | ||
| When salary is credited through the bank | 12 months of gross salary with no maximum ceiling | Unsecured loan amount (maximum): Rs. 5 lakh Secured loan amount (maximum): Rs. 20 lakh | 80% of purchase price if completed 24 months ( or ) 65% of purchase price if completed 12 months but less than 24 months | |
| When salary is not credited through our bank | 12 months gross salary with maximum of Rs. 3 lakh | If latest ITAO is submitted or 100% of average income and if last 3 year ITAOs are submitted | 50% of gross annual income | RBI relief bond: 80% of purchase value |
| If mortgage is offered as security Whichever is less | 75% of the value of the property | LIP: 80% of Surrender Value | ||
Syndicate Bank Personal Loan - Eligibility Criteria
You should be a permanent employee of central govt./state govt./public sector/reputed private sector companies/professors/teachers
Or
You should be a professional/doctor/lawyer/engineer/CA or other self-employed professional
Or
You should be offering MSC/IVP/LIC/KVP/RBI bonds or mortgage of property as security
Syndicate Bank Personal Loan - Documents Required
- Photo identity proof(any one document): Passport, Pan Card, Voter Identity Card, Driving License, Aadhaar Card
- Address proof(any one document): Ration Card, Bank Account Statement, Passport, Driving License, Electricity Bill, Telephone Bill, Sale Deed/Property purchase agreement(for owned properties), Aadhaar Card
- Salary proof: Last 3 months/6 months’ bank statement (dependent on scheme) showing salary credits, Latest Salary Slip
Syndicate Bank Personal Loan - EMI Calculator
One can check the EMI of Syndicate Bank Personal Loan at Paisabazaar.com to plan your other expenses accordingly. The online personal loan EMI calculator also allows you to borrow a loan amount as per your repayment ability. All you need to do is fill in the following details:
- loan amount
- Interest rate
- Tenure
Compare Syndicate Bank Personal Loan VS Other Lenders
| Particulars | Syndicate Bank | HDFC Bank | Citi Bank | ICICI Bank | Bajaj Finserv |
| Interest Rate | Starting from 12.2% | 11.25% to 21.50% | Starting from 10.99% | 11.50% to 19.25% | Starting from 12.99% |
| Tenure | Upto 60 months | 12 to 60 months | 12 to 60 months | 12 to 60 months | 12 to 60 months |
| Loan amount | Upto Rs. 20 lakh | Upto Rs. 40 lakh | Upto Rs. 30 lakh | Upto Rs. 20 lakh | Upto Rs. 25 lakh |
| Processing Fee | Upto Rs. 0.70% of the loan amount | Upto 2.50% of the loan amount | Upto 3% of the loan amount | Upto 2.25% of loan amount plus GST | Up to 3.99% of the loan amount |
| Apply Now | Apply Now | Apply Now | Apply Now | Apply Now |
Syndicate Bank - Customer Care
- You can call on 080-22260281 (10.00am to 5.00pm on all working days)
- You can send an email on Syndcare@syndicatebank.co.in
- NRIs can call on (+91) 022-2218 9606 / 022-2218 1780 (IST 10 AM to 5 PM)
- NRIs can send an email on nrd@syndicatebank.co.in
- You can visit the nearest branch
FAQs
How much personal loan amount can I avail from Syndicate Bank?
You can avail a loan amount of upto Rs. 20 lakh from Syndicate Bank. However, your loan amount eligibility depends on your age, credit score, employer, repayment ability, etc.
Is it possible to apply for Syndicate Bank Personal Loan offline?
You can apply for Syndicate Bank Personal Loan by visiting the nearest branch of the bank.
What if my Syndicate Bank Personal Loan application gets rejected?
You can contact the bank and ask if there is a possibility of applying again.