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  • Syndicate Bank car loan EMI calculator is Rated as "Excellent!" by 31 Users

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    Syndicate Bank car loan EMI calculator

    Syndicate Bank offers car loans for new cars as well as used cars at an attractive interest rate of 9.40% for a loan tenure of 1 to 7 years. Salaried individuals and self-employed persons with a minimum annual income of Rs.2 lakh can apply for a car loan at Syndicate Bank. You can apply for maximum loan amount of up to 95% of the on-road price of the car or 3 times your gross annual income. Loan repayment is done through Equated Monthly Installments (EMI).

    How to use BankBazaar Syndicate Bank car loan calculator to understand your car loan repayment?

    BankBazaar Syndicate Bank car loan EMI calculator can be used to easily calculate the total cost of your car loan which includes the loan amount, total interest payment, and the processing fee. It is easy to use and saves you time.

    • Move the slider on the scale to indicate your chosen car loan amount and loan tenure.
    • Enter the interest rate of your car loan and the processing fee levied by the bank.
    • Click on calculate and your Equated Monthly Installment will be displayed.

    This sophisticated tool gives you the option to enter prepayments, if any. It will take the prepayments into consideration while computing your EMIs. The tool also presents you with a monthly and yearly amortisation schedule for your car loan repayment.

    Calculate your Car Loan EMI Syndicate Bank car loan EMI calculator – How does it work?

    Listed below is a sample of the EMI calculations for an average loan amount of Rs.10-40 lakh for a loan tenure of 3 to 7 years. Syndicate Bank offers car loans for an interest rate of 9.40% p.a.

    Loan Amount Interest Rate EMI for 3 years EMI for 4 years EMI for 5 years EMI for 6 years EMI for 7 years
    Rs.10 lakh 9.40% Rs.31,986 Rs.25,075 Rs.20,953 Rs.18,225 Rs.16,293
    Rs.15 lakh 9.40% Rs.47,979 Rs.37,613 Rs.31,430 Rs.27,337 Rs.24,439
    Rs.20 lakh 9.40% Rs.63,972 Rs.50,151 Rs.41,906 Rs.36,449 Rs.32,586
    Rs.25 lakh 9.40% Rs.79,966 Rs.62,689 Rs.52,383 Rs.45,562 Rs.40,732
    Rs.30 lakh 9.40% Rs.95,959 Rs.75,226 Rs.62,859 Rs.54,674 Rs.48,878
    Rs.35 lakh 9.40% Rs.1,11,952 Rs.87,764 Rs.73,336 Rs.63,786 Rs.57,025
    Rs.40 lakh 9.40% Rs.1,27,945 Rs.1,00,302 Rs.83,812 Rs.72,899 Rs.65,171
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    Features and benefits of Syndicate Bank car loan EMI calculator

    • Instant and accurate calculation: The BankBazaar Syndicate Bank car loan EMI calculator is not only easy to use but also free. You don’t have to sign up to use the tool. You can use the tool any number of times. The results will be instant and accurate.
    • Adjust loan tenure: You can use the car loan EMI calculator to adjust the loan tenure in such a way that you don’t pay too much in interest. Longer tenure ensures lower EMIs but you may end up paying more interest amount.
    • Prepayment calculations: Higher interest rate equals higher EMIs. You can compare various car loan rates using the EMI calculator and choose the one that best serves your needs. Prepayments can make a significant change in your EMI. You can enter the prepayment frequency, prepayment amount, and prepayment fees in the tool to see how it affects your car loan EMI.
    • EMI formula: The formula used to calculate Equated Monthly Instalment Amount is [P x R x (1 + R) ^ N] / [ (1 + R) ^N - 1], where P is the principal loan amount, R is the rate of interest per month, and N is the number of monthly installments.
    • Zero error: There is low to zero chances of human error when calculating EMI using an online car loan EMI calculator.

    Syndicate Bank car loan EMI calculator FAQs

    1. Why use Syndicate Bank car loan EMI calculator?
    2. You can find out how prepayments will affect your car loan repayment and prepare a budget to make equated monthly installments without fail.

    3. What does the amortisation schedule consist of?
    4. The amortisation table will consist of the starting balance, interest paid, principal paid, and the ending balance.

    5. Under which scheme does Syndicate Bank provide car loans?
    6. Syndicate Bank offers car loans under the Synd Vahan Scheme. Individuals, proprietors, partnership firms, agriculturists, trusts, societies and other legal entities except HUF and directors or employees of corporates are eligible to apply for a new car loan under this scheme.

    7. What is the eligibility criteria to apply for a Syndicate Bank car loan?
    8. Salaried individuals must be 18 to 60 years of age whereas self-employed persons can be 18 to 65 years of age. The minimum annual income is Rs.1.20 lakh.

    9. What are the documents required to apply for a car loan at Syndicate Bank?
    10. Passport, PAN card, voter ID, Driving License or Aadhaar card can be provided as age proof and identity proof. For income proof, you will have to submit salary slips, income tax returns, and balance sheet in the case of self-employed persons. Telephone or electricity bill can be provided as address proof.

    11. What is the maximum loan amount and loan tenure for used car loans at Syndicate Bank?
    12. The bank offers up to 70% of the valuation of car or Rs.10 lakh, depending on the age of the used car for a maximum loan tenure of 5 years.

    13. What is the processing fee levied for car loans offered by Syndicate Bank?
    14. For a loan amount of Rs.25,000 to Rs.2 lakh, the processing fee is higher of Rs.1.25 per thousand, subject to a minimum of Rs.125. For loan amount above Rs.2 lakh, the processing fee is Rs.200 per lakh.

    Car Loan Reviews

    • Syndicate Bank Car Loan
      "Good Deal from Syndicate"
      0.5 5.0/5 "Blown Away!"
      I took car loan of Rs. 6 lakhs, for the total tenure of six years, they gave me better interest rate than other banks. I am happy with that part but deducted some amount and then they told to send mail. When I wrote mail to the bank, there was no response about the amount.
      Was this review helpful? 6
      , new delhi
      Reviewed on Nov 09, 2018
    • Syndicate Bank Car Loan
      "Good service"
      0.5 2.0/5 "Expected more"
      It has been all good with the services which they had been providing so far. The rate of interest for this loan has been low. But it has taken more time in the whole process. It has been a normal service which they had given and there has not been much hassles.
      Was this review helpful? 2
      , new delhi
      Reviewed on Jun 08, 2018
    • Syndicate Bank Car Loan
      "Excellent service "
      0.5 4.5/5 "Excellent!"
      I have taken this loan almost like a year back. Submitting the documents which was easy. I had a damage in my car during this year and i made claim on it and it went smooth and i had a good experience with that. It has been going on long back and i already had renewed this once.
      Was this review helpful? 1
      , jaipur
      Reviewed on May 02, 2018
    • Syndicate Bank Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      My car loan experience was very good with Syndicate bank, the rate of interest was nominal when compared to other banks. The process was quick and i received my loan amount on time. My loan was approved based on ex-showroom price and the tenure period for this loan is 3 years.
      Was this review helpful? 2
      , bangalore
      Reviewed on Apr 20, 2018
    • Syndicate Bank Car Loan
      "Better service"
      0.5 4.0/5 "Great!"
      I have got the car loan from the SYNDICATE BANK with the tenure of 5years, but I have closed it within 4 years. There was not pre closure charges , The rate of interest and the charges are average with the SYNDICATE BANK car loan service. The customer support service is good with the SYNDICATE BANK.
      Was this review helpful? 2
      , noida
      Reviewed on Mar 19, 2018
    • Syndicate Bank Car Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I have taken Car loan from Syndicate Bank and it was a very good loan experience. The loan amount was for Rs 6 lakhs with the rate of interest of 10.5% which is nominal when compared to all other banks. The process was very smooth and i received my loan amount within 1 week. Customer service was good and they provided door step service to collect the documents. My loan amount was approved based on Ex-showroom price and the tenure of the loan is 7 years.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jan 06, 2018
    • Syndicate Bank Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      Syndicate car loan service was good ,I am one of the happiest customer of syndicate bank the interest rate they offered me was low compare to other banks in the market the customer service was awesome the documents have been collected from my door step and the payments will be deducted from my savings account through ecs it was a excellent experience with syndicate for my car loan service.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 23, 2017
    • Syndicate Bank Car Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I have taken the car loan with the Syndicate bank and the interest rate is around 9.1% and the customer service is good one for me like they have 100% of cost of car as loan. Customer service and other things are really fine one for me with them.
      Was this review helpful? 0
      , kochi
      Reviewed on Oct 04, 2017
    • Syndicate Bank Car Loan
      "They are good"
      0.5 4.0/5 "Great!"
      My first car loan with Syndicate bank in Puna, its a nationalized bank, hence the response is slow but in term of business they are playing good role. They are always best in interest and other offers, they provides what they commits to the customers.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 31, 2017
    • Syndicate Bank Car Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      The car loan process went good with syndicate bank, I would say it very comfortable to get a loan with Syndicate bank. They have disbursed the loan with in a day time. The required loan amount has been disbursed, so I am happy about the loan amount. The rate of interest is nominal with syndicate bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 06, 2017
    • Syndicate Bank Car Loan
      "Good in interest rate"
      0.5 3.0/5 "Satisfactory"
      For the car loan, Syndicated bank quoted an interest rate of 8.95% this is for a tenure of 7 years. Initially I applied with ICICI bank but the interest rate is very high with them hence I moved to Syndicate bank. Interest rate, other charges and terms and conditions are very low with Syndicate bank but customer support is not up to the mark , more than all it is a Nationalized bank.
      Was this review helpful? 1
      , mumbai
      Reviewed on Jun 24, 2017
    • Syndicate Bank Car Loan
      "Hassle free "
      0.5 5.0/5 "Blown Away!"
      My home branch offered very least interest rate of 8.5% on car loan. I am very much satisfied with Syndicate bank. They have approved 100% loan but I asked only for 75% of loan. It was happened on last December, my loan is running without any hassles.
      Was this review helpful? 0
      , chennai
      Reviewed on May 18, 2017
    • Syndicate Bank Car Loan
      "Good "
      0.5 5.0/5 "Blown Away!"
      I got the car loan with Syndicate bank and the interest rate was around 9.45% and the customer service was very good. I got the loan amount to be credited within three days of time. Response was an average one with them because they are nationalized bank.
      Was this review helpful? 1
      , bangalore
      Reviewed on Feb 17, 2017
    • Syndicate Bank Car Loan
      "Easy to avail loan in 24 hours"
      0.5 5.0/5 "Blown Away!"
      I took a car loan for my new car with Syndicate bank which I chose since its a nationalised bank. They give preference to servicemen and also have better interest rate of 10.35% combined with a nominal processing fee of Rs.700. I got the loan sanctioned in about 24 hours which is really quick. Their customer support and management is very satisfactory.
      Was this review helpful? 0
      , greater noida
      Reviewed on Apr 28, 2016
    • Syndicate Bank Car Loan
      "Best for car loan..."
      0.5 5.0/5 "Blown Away!"
      I would say Syndicate bank is the best bank for car loan. Process was too fast I got it within 24 hours. Services part also good. Syndicate bank providing maximum loan amount based on our salary and also previous track. Customer service is good especially shanthi nagar manager who did every thing on a good manor.
      Was this review helpful? 2
      , bangalore
      Reviewed on Mar 07, 2016
    • Syndicate Bank Car Loan
      "Very good servicer "
      0.5 5.0/5 "Blown Away!"
      The service provided was good with Syndicate bank related to the car loan application.I like the transparent service provided regarding the loan process.The interest rate applied was very good with syndicate bank related to the car loan.
      Was this review helpful? 3
      , new delhi
      Reviewed on Mar 03, 2016
    • Syndicate Bank Car Loan
      "Better!!"
      0.5 4.0/5 "Great!"
      It is a nationalized bank, they are good in terms of service, their charges are nominal. In one day documents were collected and they have disbursed my loan. Over all it was a good experience with Syndicate bank in terms of car loan.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Nov 30, 2015
    • Syndicate Bank Car Loan
      "Quick disbursal!"
      0.5 5.0/5 "Blown Away!"
      Syndicate bank processed my loan within 30 minutes. I applied for the car loan through my car dealer. And everything went in a smooth manner with them. They collected form 16, KYC details and my employment details as documents. They helped me by processing up to 95% of the carâ??s on road price.
      Was this review helpful? 2
      , chennai
      Reviewed on Nov 04, 2015
    • Syndicate Bank Car Loan
      "New loan to me "
      0.5 5.0/5 "Blown Away!"
      Recently I have taken my car loan from SYNDICATE BANK. Every month I need to pay the EMI of rupees 13k which will get deducted from my salary account. Paper works is not much with them. They are giving attractive offers to the customers.
      Was this review helpful? 2
      , chennai
      Reviewed on Nov 03, 2015
    • Syndicate Bank Car Loan
      "Manager helped me during the government holiday.."
      0.5 5.0/5 "Blown Away!"
      On the special note the Syndicate bank helped me in government holiday and they done things for me. The manager helped me to open an account and he was only person in the branch on that government holiday. In a short time I received the cheque for car loan. Also they gave 95% from the on road price. They did not charge me high.
      Was this review helpful? 3
      , chennai
      Reviewed on Oct 23, 2015
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