Apply for a home loan with Syndicate Bank and choose between different types of housing loan to suit your needs. Avail up to 75% of the project cost for new constructions or purchase a ready built house or flat.
|Loan Amount||Up to 90% of the project cost|
Up to Rs.25 lakh: 0.125% of the loan amount (Minimum of Rs.500 and Maximum of Rs.2,500).
Above Rs.25 lakh to Rs.75 lakh: 0.125% of the loan amount subject to a maximum of Rs.3,250.
Above Rs.75 lakh: Rs.5,000 flat
|Prepayment Charges||Waived for loans up to Rs.50 lakh|
|Maximum Tenure||Up to 30 years|
|Rate Packages Available||Floating/Fixed|
Syndicate Bank offers various types of housing loans catering to different needs of the customers. Below are the types of home loans offered by Syndicate Bank:
|Interest Rate||8.65% p.a.|
|Processing Fee||Up to Rs.25 lakh: 0.125% of the loan amount subject to a minimum of Rs.500 and a maximum of Rs.2,500.|
|Above Rs.25 lakh and up to Rs.75 lakh: 0.125% of the loan amount subject to a maximum of Rs.3,250.|
|Above Rs.75 lakh: Rs.5,000 flat.|
|Interest Rate||11.90% p.a. (monthly compounding)|
|Interest Rate||8.65% p.a.|
|Interest Rate||11.5% p.a.|
|Processing Fee||Rs.500 per lakh|
|Interest Rate||12.25% p.a. (fixed)|
|Processing Fee||0.50% of the loan amount (maximum of Rs.10,000).|
Calculate the equated monthly instalments (EMIs) payable towards your home loan using the Syndicate Home Loan EMI calculator. The minimum EMI per lakh stands at Rs.834.
Enter the required information such as loan amount, interest rate, tenure and the processing fee on the BankBazaar Home Loan EMI Calculator and select ‘Calculate’. You'll be able to view the break-up of the total amount payable and the total interest due as well as the EMIs payable during the loan tenure.
• Should be a resident of India or Non-resident Indians (NRI) or Hindu Undivided Families.
• Should be not more than 55 years of age at the time of application for the housing loan.
Below are the details of the documents required to apply for a Syndicate Bank home loan:
For Purchase of Plot/Ready Built House:
For Purchase of Flats from Developers:
For Plots Allotted by Development Authority:
For Takeover or Balance Transfer from Other Financial Institutions:
Syndicate Bank offers home loans through its retail banking channel as well as through its agricultural banking channel. While it offers Synd Nivas, Synd Nivas Plus and Synd Kuteer, it also offers Synd Delight and Synd Vishranthi as a top-up loan for its existing customers through its retail banking channel. Through its agricultural banking channel, it offers Syndicate Farmhouse Scheme and loan for buying agricultural land.
Through its Synd Nivas loan scheme, the bank offers a maximum loan amount of 72 months of your gross salary, while through its Synd Nivas Plus it offers a to the value of the property at the time of the sanction of the loan or the present value (whichever is lower) less the outstanding loan amount subject to a maximum of Rs.3 lakh. Under its Synd Kuteer home loan scheme it offers a maximum loan amount of Rs.10 lakh.
The maximum repayment period differs between the types of loan schemes offered by the bank. While through its Synd Nivas loan scheme it offers a maximum loan tenure of up to 30 years or up to the age of 75 years, the maximum loan tenure offered through its Synd Nivas Plus is up to 5 years and the maximum loan tenure through its Synd Kuteer loan scheme is up to 30 years or up to the age of 75 years, whichever is earlier.
Salaried, self-employed, as well as Non-Resident Indians (NRIs), are eligible to apply for a housing loan through Syndicate Bank which is extended through its retail banking channel.
Syndicate Bank offers its home loan based on the One-Year MCLR, which is currently at 8.65% p.a.