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In the event of a financial emergency, you can borrow a personal loan from Catholic Syrian Bank. The lender offers a hassle-free application process.
|Interest Rate||12% - 19%|
|Loan amount||Up to 10 times the applicant’s gross monthly salary|
|Schedule of charges||Fee|
|Service charge||Rs.10 to Rs.175|
The documents that you will need to submit at the time of applying for a personal loan are as follows:
Catholic Syrian Bank is a leading private sector bank that has a strong presence in both urban and rural parts of the country. The lender offers multiple loan solutions with attractive terms to cater to the financial requirements of its diverse customer base. In this article, let us look at the details of Catholic Syrian Bank’s personal loan.
Certain reasons why you should consider applying for a personal loan from Catholic Syrian Bank are as follows:
Individuals who are employed with reputed organisations and have completed at least 3 years of service in the organisation can apply for this loan.
Here is an example which will help explain how a personal loan taken from Catholic Syrian Bank will work.
Mr. Sharma takes a loan for Rs.1 lakh for a loan tenure of 1 year. The lender charges an interest of 14% p.a. As per this scenario, Mr. Sharma will need to pay an EMI of Rs.8,979. The total interest payable over the course of the loan term will be Rs.7,745. Mr. Sharma will, thus, be repaying a sum of Rs.1,07,745 to the lender. The amortisation details are as follows:
|Month||Principal Paid (A)||Interest Paid (B)||Total Amount Paid (A+B)||Outstanding Loan Amount|
*Note: In the above-mentioned example, it is assumed that no processing fee is charged.
|Particulars||Catholic Syrian Bank||Citibank Personal Loan||ICICI Bank Personal Loan||Axis Bank Personal Loan|
|Interest Rate||As per the lender’s terms and conditions||10.99% p.a. onwards||11.25% p.a. onwards||15.75% p.a. to 24% p.a.|
|Loan Amount||Up to 10 times the applicant’s gross monthly salary||Up to Rs.30 lakh||Up to Rs.20 lakh||Up to Rs.15 lakh|
|Loan Tenure||Up to 5 years||Up to 5 years||Up to 5 years||Up to 5 years|
It is necessary to compare the interest rates and other particulars of personal loans offered by different lenders in order to make an informed choice. You can visit Catholic Syrian Bank’s branch to submit the application form and the other required documents if you find that the personal loan offered by the lender matches your requirements.
No, the lender currently does not accept online applications. You will need to visit the lender’s branch to apply for a personal loan.
Yes, you should have at least 1 guarantor. The guarantor should be a permanent employee in an organisation.
You can contact the lender through the below-mentioned helpline numbers:
You can also send an email to firstname.lastname@example.org
Yes, the lender will check your credit score. If you have a good credit score, it is likely that you will be charged a more reasonable rate of interest on your loan.
You will have to repay your loan amount via EMIs or Equated Monthly Installments (EMIs) over the course of the loan repayment term.
If you wish to check the status of your personal loan from Catholic Syrian Bank, you can visit its nearest branch. The officials of the bank will find out the status of your personal loan application and let you know of the same after you provide them with your application reference number and mobile number.
For any banking or loan related queries, you can call Catholic Syrian Bank personal loan customer care toll-free number of at 1800-266-9090. Alternatively, you can also call the numbers 0422-2228422 and 0422-6612300 but there will be charges applicable.
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