Syndicate Bank Home Loan

Syndicate Bank Home Loan
 3.5 / 5.0   by 4 users
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Fees & Charges

Promised Interest Rate

Customer Service

Responsiveness

Syndicate Bank is one of the oldest and major commercial banks of India. At the time of its establishment, the bank was known as Canara Industrial and Banking Syndicate Limited. The bank, along with 13 major commercial banks of India, was nationalised on 19 July 1969, by the Government of India. The Bank is well equipped to meet the challenges of the 21st century in the areas of information technology, knowledge and competition.Syndicate bank makes your dream of owning a home come true by giving housing loan under SyndNivas scheme. For construction/acquisition of a house/flat or for acquiring a site and building a house thereon.For acquiring a new house or existing house not more than 20 years old.For making extensions/additions to existing house. For NRIs, loan available for acquisition of house for self-occupation on return to India.For acquisition of furniture/fixtures including air conditioners, geysers, fridge, cots,tables, sofas etc which form part of improvements to the home purchased or constructed out of the Housing Loan not exceeding of 10% total cost of the project,may be included.Take over of existing Housing loan from other banks/financial institutions in the case of salaried class are permitted.Continue reading to view more details about this loan.


You’re probably eligible for an Syndicate Bank Home Loan if you are

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Syndicate Bank Home Loan Minimum Age

At least 21 years old

Syndicate Bank Home Loan Maximum Age

Less than 55 years old

Syndicate Bank Home Loan Eligible Employment Type

Salaried or self-employed
with regular income

Syndicate Bank Home Loan Minimum Income

Earn more than the minimum
income required


Your Syndicate Bank Home Loan amount eligibility is based on these factors

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Syndicate Bank Home Loan Minimum Salary

Earn more than the minimum
income required

Syndicate Bank Home Loan Maximum Loan to property value

Loan capped @ 85% of property value

Syndicate Bank Home Loan EMI

EMIs of other loans lower
your eligibility


Increase your eligible Syndicate Bank Home Loan amount by these steps

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Syndicate Bank Home Loan Add Spouse as Co-applicant

Make your spouse a co-applicant,
and her income will add
to your eligibility

Syndicate Bank Home Loan Maximum Tenure

Choose longer tenure loan up to 25 years

Syndicate Bank Home Loan Add parents as Co-applicant

Alternatively add your parents


Documentation needed to apply for an Syndicate Bank Home Loan

  • 1. Signed application form with photograph
  • 2. ID and residence proof
  • 3. Processing fee Cheque
  • 4. Latest bank statements
  • 5. Documentation for salaried applicants:
    • Last 3 years Income Tax Returns with computation of Income
    • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account
  • 6. Documentation for self-employed applicants:

    • latest income tax returns
    • latest comupation of income

Syndicate Bank Home Loan Interest RatesUpdated on 24 Nov 2014

Syndicate Bank Home Loan Details
Interest Rate (Floating) 10.25%
Processing Fees 0.125% with min Rs.500 and max Rs.5000
Loan Tenure 30 years
Guarantor Requirement Nil
Pre-closure Charges Nil

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Syndicate Bank Home Loan Reviews

Customer Reviews
Page 1 of 1 1
  • Validated User
    (1)

    One of the disadvantage with Syndicate bank is the follow ups, payments or whatever I have to keep on following up. Important point which needs to be considered is responding to the customers, if its been on a regular basis, it would be fine. It would be better if the response and follow up can be more faster. Other than that, home loan disbursal was all good.

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    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    jithesh took a Home Loan from SYNDICATE BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    Customer service is satisfactory with Syndicate bank but the rate of interest and processing fee is high, if we do comparison with other banks. Syndicate bank is charging 10.5% if interest particularly for home loan. I requested them to change my EMI date as my salary date is 7th but they are deducting in 5th date. If I want to change home loan with other banks, I have to undergo several formalities so I not yet been transferred the home loan.

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    Fees & Charges
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    raaj took a Home Loan from SYNDICATE BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    Syndicate bank is been processing my home loan application and the services is extremely good. The relationship officer was too polite and responsive where they try to resolve the issues immediately. Even the bank is nearby, so its easier to process. Even interest rate is similar.

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    Fees & Charges
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    Responsiveness
    agnishwar took a Home Loan from SYNDICATE BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    I was holding a housing loan with Syndicate Bank, interest rate offered by them is the best in the industry. My only concern , was I did not get my legal documents on time it took about 10 days time for me to receive it . I was constantly in touch with them to get this sorted out , I even met them in person. The closure procedure was very simple it could be better if they improvise on the response.

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    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    arunsathyakumar took a Home Loan from SYNDICATE BANK Reviewed on
Customer Reviews
Page 1 of 1 1
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