Syndicate Bank Personal Loan

Syndicate Bank Personal Loan
 4.5 / 5.0   by 5 users
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Promised Interest Rate

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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 nationalized 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 provides personal loan to both salaried and non salaries class individuals. Read on to learn about the eligibility and documentation requirements for the loan you avail.


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

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Syndicate Bank Personal Loan Minimum Age

At least 21 years old

Syndicate Bank Personal Loan Maximum Age

Less than 58 years old

Syndicate Bank Personal Loan Eligible Employment Type

Salaried / Self – Employed
with regular income

Syndicate Bank Personal Loan Minimum Income

Earn more than the minimum
income required


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

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Syndicate Bank Personal Loan Minimum Salary

Salaried with Regular Income

Syndicate Bank Personal Loan Maximum Loan Funded

Maximum allowed personal loan is Rs. 3 lakhs

Syndicate Bank Personal Loan EMI

EMIs of other loans lower
your eligibility


Increase your eligible Syndicate Bank Personal Loan amount by these steps

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Syndicate Bank Personal Loan Payoff Outstanding Credit Card Bills

Pay off your credit card bills

“Syndicate

Choose longer tenure loan up to 60 months


Documentation needed to apply for an Syndicate Bank Personal Loan

  • 1. Signed application form with photograph
  • 2.Copy of passport/voter ID card/driving license
  • 3. Processing fee cheque
  • 4. Last 3 months bank statement/6 months bank passbook
  • 5. Documentation for salaried applicants:
    • Latest salary slip
    • Current dated salary certificate with the latest Form 16
  • 6. Documentation for self-employed applicants:

    • Latest Bank statement
    • Latest ITR or Form 16

Syndicate Bank Personal Loan Interest RatesUpdated on 21 Dec 2014

Syndicate Bank Personal Loan Details
Interest Rate (Floating) Base Rate : 10.25%
Base Rate+4.75%
Processing Fees 0.50% of the Loan amount with min Rs.500
Loan Tenure 60 months

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News about Syndicate Bank Personal Loan

  • Research Scholars at PU
    to get Personal Loans

    Working as a research scholar with Punjab University (PU) could make you eligible for a personal loan from the State Bank of Patiala (SPB). This proposal, currently in the pipeline, is awaiting to be tabled before the syndicate for approval as on November 22, and has rightfully gotten the PU scholar community excited. Selected research scholars who have earned the necessary nod from the University Grants Commission (UGC) are eligible for this loan- a stopgap arrangement that helps them meet their financial demands through the period between the commencement of the selected research and the official release of the corresponding grant by the commission. Aside from this, the other eligibility factors include an Indian citizenship, selection at PU for research and recommendation by the varsity for the UGC grant. The maximum loan amount of Rs.1.5 lakh will be disbursed in 12 instalments with a stipulation that Rs.12,500 be the maximum amount that can be disbursed in a month. SPB proposes to impose an interest rate of 13% per annum on the loan.

    21st November 2014


Syndicate Bank Personal Loan Reviews

80 % of our customers would recommend this bank. (4 out of 5) Write Review
Customer Reviews
Page 1 of 1 1
  • Validated User
    (1)

    Syndicate bank is very good and they are giving good service to all level of customers. We no need to visit branch for queries instead they rectify and resolve our queries in a single phone call. Comparing with any other banks, rate of interest and fee are very less. Interesting thing is that they wonâ??t charge any thing for late payment. EMI date is 10th of every month and I am paying it in ECS mode. At any time we can pre close the personal loan.

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    ramesh took a Personal Loan from SYNDICATE BANK on BankBazaar.com Reviewed on
  • Validated User
    (1)

    Syndicate bank is the top most bank I would say in terms of personal loan services which was too prompt in manner. This is the best bank which takes care of the customer needs at the first. Inspite of processing fees is been higher, the loan amount disbursed is fulfilled to my expectations.Overall customer friendly.

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    satyakam took a Personal Loan from SYNDICATE BANK on BankBazaar.com Reviewed on
  • Validated User
    (2)

    The response was faster from the Syndicate Bank when i applied for the personal loan, and the processing time was very minimum, but the processing fess is too high when compared with other banks, and i got the loan amount approved with in four days.

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    darshan took a Personal Loan from SYNDICATE BANK Reviewed on
  • Validated User
    (0)

    Customer service was good in Syndicate bank where I have taken the personal loan. Interest rate was good. Pretty good. They offered me the floating rate . No suggestions for them to improve their service as they already doing their job perfectly.

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    kempaiah took a Personal Loan from SYNDICATE BANK Reviewed on
  • Validated User
    (0)

    It was a great experience of availing a personal loan from Syndicate bank. My salary account is with them and the EMI is getting deducted every month. Syndicate bank is very nice. The reply through email is very fast. Whatever query I make they respond very quickly through email. Internet banking is really superb. Best part is partial payment is allowed without any charges. Rate of interest is quite similar to private banks but no extra charges levied by the bank. Just a week before they upgraded the website. I am also holding a credit card and I am very happy about their services.

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    Fees & Charges
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    Responsiveness
    dharmendra took a Personal Loan from SYNDICATE BANK Reviewed on
Customer Reviews
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