A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • Syndicate Bank Home Loan

    Syndicate Bank Home Loan
     3.5 / 5.0   by 14 users
    Used this product? Write a review >>

    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 @ 80% or 90% of project cost

    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 04 Sep 2015

    Syndicate Bank Home Loan Details
    Interest Rate Floating : 10.00%
    Processing Fees Upto 25L-0.0625% with a min of 250/- and maximum of 1250/-
    Above 25L to 75L- 0.0625% with maximum of 1625/-
    Above 75L- 2500rs(flat)
    Loan Tenure 30 years
    Guarantor Requirement Nil
    Pre-closure Charges Nil

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    Syndicate Bank Home Loan Reviews

  • Page 1 of 1
    • Home Loan
      "Very good"
      SYNDICATE BANK
      0.5 5.0/5 "Blown Away!"
      I took a home loan from syndicate bank. Within 1 week they disbursed the loan with the interest rate of 10.25% and processing fee was minimal charge. I was having the up to date documents so the process went on very smooth.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 28, 2015
    • Home Loan
      "Need to improve the system stabilization"
      SYNDICATE BANK
      0.5 4.0/5 "Great!"
      I have taken my home loan from Syndicate Bank. The service are average from them. They need to improve their system of working. They are not customer friendly. The process for the loan went smooth, as I know the people working there. The rate of interest offered was of 10.25% (fixed). The processing charges was of 3K. The total tenure is for 25 years.
      Was this review helpful? 1
      , bangalore
      Reviewed on Aug 06, 2015
    • Home Loan
      "Good "
      SYNDICATE BANK
      0.5 5.0/5 "Blown Away!"
      I have recently applied for a home loan with Syndicate bank and the service provided was really good.The interest rate offered was around 11% and I am happy about the same.They have not collected any fees for processing this loan and I will surely recommend Syndicate bank to others for getting a loan.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 08, 2015
    • Home Loan
      "Average"
      SYNDICATE BANK
      0.5 3.0/5 "Satisfactory"
      I am having the ongoing home loan with Syndicate bank.The rate of interest 10.25% as around.I am happy with their services .They provided me with the luxury time and there is no skip of with them.The provincial documents took such elongated documents.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jun 27, 2015
    • Home Loan
      "Its good"
      SYNDICATE BANK
      0.5 4.0/5 "Great!"
      Syndicate bank housing loan process is good. It is very easy to approach them . I did not face any issues with them as such. One good thing about Syndicate bank is it is near to my place and that is why I have chosen this. It is very easy to approach. Interest rate offered by them was okay which is 10.15% and processing fee is nil.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 01, 2015
    • Home Loan
      "WORST SERVICE EVER EXPERIENCED!!"
      SYNDICATE BANK
      0.5 2.0/5 "Expected more"
      Don't go with syndicate bank for any loan. Its a very irritating experience i felt during documentation process. You have to visit bank on daily basis. They will not pick phone and even not reply through mail. I am still facing the same issue while disbursement of loan installment.
      Was this review helpful? 5
      , new delhi
      Reviewed on May 04, 2015
    • Home Loan
      "Good"
      SYNDICATE BANK
      0.5 5.0/5 "Blown Away!"
      Syndicate bank has provided the fastest housing loan service. We will get an idea through Syndicate bank, how things needs to be sorted out quickly . For example, other banks were insisting me to pay about 20% of the down payment amount upfront, to get in to an agreement, frankly speaking it was not possible for me to make the down payment. At that point of time, Syndicate bank came up with an excellent option of providing a personal loan for 9 lakhs within a span of 3 days. In the next 15 days they were able to provide the housing loan. They were able to provide the loan up to 75 years and the processing fee charged by them was nil.,
      Was this review helpful? 2
      , bangalore
      Reviewed on Mar 09, 2015
    • Home Loan
      "Pleasant process!!"
      SYNDICATE BANK
      0.5 4.0/5 "Great!"
      Since I had a existing account with Syndicate bank, It was easier to avail home loan. Overall process is pleasant however it 2 weeks of time. Interest rate is 10.25% and I have partial payment option with no charges. Even no processing charges till the end of the tenure.
      Was this review helpful? 2
      , bangalore
      Reviewed on Feb 04, 2015
    • Home Loan
      "Competitive rate!!!"
      SYNDICATE BANK
      0.5 5.0/5 "Blown Away!"
      I have chosen 16 years of tenure for home loan and the rate of interest is normal in Syndicate bank as it is 10.25%. I was bit upset during documentation process as they made me to run behind bank for a month however apart from this everything was fine. Bank people did not charge any thing extra for processing charge.
      Was this review helpful? 3
      , bangalore
      Reviewed on Jan 05, 2015
    • Home Loan
      "Having inspection charges in thousands"
      SYNDICATE BANK
      0.5 1.0/5 "Really Bad"
      Interest rate is pretty high, collecting inspection charges @1000/- semi annually not mentioned before, average documentation charges, internet banking facility is worst, charges for every service provided, run to branch for every task.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Dec 30, 2014
    • Home Loan
      "Expect fast response!"
      SYNDICATE BANK
      0.5 4.0/5 "Great!"
      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.
      Was this review helpful? 1
      , bangalore
      Reviewed on Nov 15, 2014
    • Home Loan
      "Moderate"
      SYNDICATE BANK
      0.5 3.0/5 "Satisfactory"
      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.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 09, 2014
    • Home Loan
      "Good"
      SYNDICATE BANK
      0.5 5.0/5 "Blown Away!"
      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.
      Was this review helpful? 2
      , delhi
      Reviewed on Oct 31, 2014
    • Home Loan
      "Good response"
      SYNDICATE BANK
      0.5 3.0/5 "Satisfactory"
      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.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 01, 2014
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