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

    You can avail home loans from Catholic Syrian Bank at interest rates ranging between 8.80% p.a. and 9.05% p.a. The interest rate on the home loans from Catholic Syrian Bank is floating. The maximum repayment tenure on Catholic Syrian Bank home loan is 20 years.

    Catholic Syrian Bank Home Loan Details

    Catholic Syrian Bank home loans are available for both salaried and self-employed individuals at attractive interest rates and affordable processing fees.

    MCLR 9.10% p.a.
    Loan Amount 75% of the property cost or construction cost
    Processing Fees 0.50% of loan amount
    Penal Interest Rate Contact the bank
    Prepayment/Foreclosure Charges Nil
    Max Tenure 20 years
    Rate Packages Available Floating rate

    Catholic Syrian Bank Home Loan Interest Rates

    Catholic Syrian Bank’s home loan schemes have floating interest rates that are linked to the 6 month’s Marginal Cost of Funds based Lending Rate (MCLR).

    Catholic Syrian Bank Home Loan Schemes Interest Rates
    Housing Loan 8.80% - 9.05% p.a.

    Catholic Syrian Bank Home Loan Scheme

    The Housing Loan offered by Catholic Syrian Bank has the following features:

    • Can be availed by both resident and non-resident Indians (NRIs)
    • Subsidies can be availed under Pradhan Mantri Awas Yojana (PMAY)
    • No penalty on prepayment or foreclosure
    • Tenure of up to 20 years
    • Attractive interest rates
    Interest Rate Processing Fees
    8.80% - 9.05% p.a. 0.50% of loan amount

    Use BankBazaar Catholic Syrian Bank Home Loan EMI Calculator to Know Your EMI

    You can calculate the EMI amount you need to pay towards the home loan availed from Catholic Syrian Bank by using the EMI Calculator tool. Using the tool is easy, you just need to enter the loan amount, tenure, and the interest rate. Once you enter the details, the tool will calculate the EMI and display it to you. It is calculated based on a reducing balance, assuming EMI payments in arrears, where interest is debited monthly before the EMI payment date and not before.

    Catholic Syrian Bank Home Loan Eligibility Criteria

    The eligibility criteria for the home loan is as follows:

    Eligibility Parameters Eligibility Criteria
    Nationality Resident and Non-Resident Indians (NRIs)
    Age Up to 65 years

    Documents Required for Catholic Syrian Bank Home Loan

    The documents required when applying for a home loan from the Catholic Syrian Bank are as follows:

    Resident Indians:

    • Salaried Applicants – Latest salary slip or certificate, latest Income Tax Return/Form 16, and 6 months bank statements
    • Self-employed Applicants – Last 3 years ITR with computation and 6 months bank statements

    Non-Resident Indians:

    • Salaried Applicants – Embassy or employer attested certificate showing details of the salary credited to an operational international bank account or latest salary slip, employment contract including valid work permit, employer’s profile, and copy of Visa stamped on the passport with entry/exit seal
    • Self-employed Applicants - Income proof duly attested by the sponsor, business profile, and last 6 months NRE bank account and operating international bank account statement

    Other Documents

    • For loans taken for construction, you must provide an estimate, building permit, and approved plan.
    • For loans taken to purchase a property, you must provide a sale agreement.
    • Prior deeds, title deed, and revenue and connected village records.

    FAQs on Catholic Syrian Bank Home Loan

    1. What does floating rate of interest mean?

      A floating rate of interest on Catholic Syrian Bank home loan simply means that the interest rate will change according to the change in the 6-months MCLR. Banks change the MCLR for different tenors from time to time.

    2. Can I avail a home loan from Catholic Syrian Bank under the Pradhan Mantri Awas Yojana?

      Yes, you can enjoy subsidies on the home loan availed from Catholic Syrian Bank under the Pradhan Mantri Awas Yojana. You can get in touch with the bank directly to get more information on the same.

    3. What is the maximum amount that I can get as a home loan from Catholic Syrian Bank?

      The maximum amount of loan that you can avail from Catholic Syrian Bank is 75% of the cost of the already constructed flat/house or 75% of the construction cost.

    4. Will I get a repayment holiday if I am unable to make payments for some time?

      Yes, Catholic Syrian Bank allows a repayment holiday of up to 12 months for instances where you are unable to make the EMI payments due to some financial problems.

    5. I am an NRI. What is the maximum repayment tenure I would enjoy on the Catholic Syrian Bank home loan?

      NRIs can enjoy a maximum repayment tenure of 15 years on the Catholic Syrian Bank home loan.

      

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.