Multiple banks. Different interest rates. Call it a "conflict of interest".
  •  Loading your search... Loading your search...
  • Syndicate Bank Personal Loan EMI Calculator is Rated as "Excellent!" by 54 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    Syndicate Bank Personal Loan EMI Calculator

    Apply for Personal Loan

    Syndicate Bank was set up in 1952 in Udupi as Canara Industrial and Banking Syndicate Limited. It was nationalised in 1969. The bank has been involved in rural financial development initiatives from the outset, and has won many awards in the category. It has over 3700 branches in the country. Syndicate Bank offers two personal loan products – Synd Saral and Synd Senior.

    Perfect Personal Loan Deals for you

    How does the Syndicate Bank Personal Loan EMI Calculator Work?

    An EMI Calculator works on the following formula

    E = P x R x (1+R)^n/((1+R)^n-1)

    • E: Equated Monthly Instalment (EMI)
    • P: Principal loan amount
    • R: Monthly rate of interest
    • n: Duration of the loan

    BankBazaar’s EMI Calculator also considers processing fees and pre-payments in order to make the results more accurate.

    How to Use BankBazaar Syndicate Bank Personal Loan Calculator:

    A loan taken from a bank is repaid through the means of EMIs, which are the fixed amount payable every month based on the loan amount, rate of interest and loan duration. These EMIs should be affordable to you or else you will not be able to repay the loan appropriately and may have to pay penalties. To know if the EMI on the loan amount you need will be affordable to you or not, you can use an EMI Calculator.

    An EMI Calculator is a tool that estimates how much a loan will cost you monthly in terms of repayment. The calculator will work only if you put in the correct values in the fields of loan tenure, total loan amount and rate of interest. BankBazaar has an online EMI Calculator that gives you not only an amortisation table and payment analysis, but also allows you to enter the bank’s processing fees and pre-payment charges.

    The interest rate on Syndicate Bank personal loans ranges from 13% to 14.5%. These rates are linked to 1-year MCLR and are subject to change every month. The processing fee charged is up to 0.5% and there are no pre-payment charges.

    You can use the BankBazaar EMI Calculator by following 7 simple steps given below.

    • Go to BankBazaar’s website.
    • Select the ‘EMI Calculator’ from ‘Finance Tools’ under Menu tab on the top right corner.
    • Use the sliders or manually enter the loan amount and duration of loan.
    • Input the interest rate and processing fees of Syndicate Bank Personal Loan
    • If you intend to make pre-payments, enter the pre-payment frequency, pre-payment amount, pre-payment charges and when the pre-payment would start.
    • Click on ‘Calculate’ to get the results.
    • You will see the EMI, the total interest amount, the total repayment amount, amortisation schedule and pre-payment analysis.

    Let us understand this through an example. Enter the following values into BankBazaar’s EMI Calculator:

    • Loan amount: Rs.4 lakh
    • Tenure: 5 years
    • Interest rate: 14.3%
    • Processing fee: 0.5%
    • Pre-payment frequency: Once in a year
    • Pre-payment starts in: 12 months
    • Pre-payment amount: Rs.30,000
    • Pre-payment fee: 0

    Once these numbers are entered into the BankBazaar EMI Calculator, you will get the following results:

    • EMI – Rs.9,370
    • Total interest payable – Rs.1,23,609
    • Processing fee – Rs.2,000
    • Total amount payable to the bank – Rs.5,25,609
    • Pre-payment analysis: You save Rs.40,570 and tenure is reduced by 1 year 1 month.

    Other EMI Calculators generally come up with just the EMI, interest payable and total amount to be repaid.

    Features and Benefits

    The advantages of using an EMI Calculator are:

    1. Accessible: EMI Calculators are an online tool that can be conveniently used through any device with an internet connection.
    2. User-friendly: An EMI Calculator is easy to use and needs no specific understanding of finance or technology. It can be customised with numbers as per the user’s requirements.
    3. Precise results: BankBazaar’s EMI Calculator analyses your loan repayment schedule and gives you great details about the loan and EMI.
    4. Amortisation table: The clear break-up of EMIs and monthly outstanding amounts helps you understand the whole repayment process clearly.

    Syndicate Bank Personal Loan Calculator FAQs

    1. Will the results of EMI Calculators be the same as the calculations of the bank?

      The results of an EMI Calculator is determined by the numbers you enter into it. The bank’s calculations have some additional charges that cannot all be incorporated into a simple online calculator. So the results of an EMI Calculator are unlikely to match the banks exactly, but the estimates are close enough for you to work with.

    2. Are there separate EMI Calculators for each type of loan?

      No. The BankBazaar EMI Calculator can be used for EMI calculations of any kind of loans.  

    Personal Loan Reviews

    • Syndicate Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The process in getting the loan had been very good and the loan amount which they had given has been satisfactory as well. The interest rate has been lower when compared with the other banks. There has not been any issues faced with the banking service which they had been providing so far.
      Was this review helpful? 2
      , bangalore
      Reviewed on Jul 18, 2018
    • Syndicate Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      My personal loan experience with Syndicate bank was good, the process was quick and i received my loan amount on time. The loan amount was for Rs 1 lakh with nominal interest rate when compared to other banks. There was no processing fees and hidden charges for this loan. The tenure period of this loan is 1 year.
      Was this review helpful? 0
      , noida
      Reviewed on Apr 18, 2018
    • Syndicate Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      Got the personal loan from the SYNDICATE BANK around 5 years ago . The customer support service is good here. They have disbursed the loan amount within 7 days of time. The rate of interest and the charges were very low with the SYNDICATE BANK when compared with others.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 27, 2018
    • Syndicate Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with Syndicate bank and my loan experience was very good. The loan amount was for Rs 3 lakhs with nominal interest rate when compared to other banks. The process was quick and i received my loan amount on time. Customer service was fine and they responded on time. The tenure of this loan is 5 years.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 15, 2018
    • Syndicate Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with Syndicate bank,the loan amount is two lakhs,the rate of interest is nominal as compared to others.Documents were submitted door step,they had processed the loan within a weeks time.The tenure is for two years i had closed to long back.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 23, 2018
    • Syndicate Bank Personal Loan
      "Good service"
      0.5 2.0/5 "Expected more"
      SYNDICATE BANK has offered me a personal loan for the loan amount of Rs,5,00,000. I have got the loan amount within a week time. The customer support service is average with the SYNDICATE BANK. The rate of interest is low with the SYNDICATE BANK when compared with Fullerton.
      Was this review helpful? 1
      , mysore
      Reviewed on Jan 22, 2018
    • Syndicate Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      Due to lack of credit score I haven't got the personal loan from the Syndicate bank. The customer support is good with the syndicate bank but they haven't approved my loan due to my lack of credit score, but their customer support is good they have approved the loan for my other colleagues.
      Was this review helpful? 3
      , vijayawada
      Reviewed on Dec 26, 2017
    • Syndicate Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan experience with Syndicate bank was good, the loan amount was for Rs 4 lakhs with the rate of interest of 13.5% which is high when compared to other banks. The process was quite long and it took 1 month for the loan amount to get disbursed and the tenure period was 5 years. Customer service was good and they followed up correctly.
      Was this review helpful? 4
      , bangalore
      Reviewed on Dec 21, 2017
    • Syndicate Bank Personal Loan
      "Better service"
      0.5 2.0/5 "Expected more"
      The Syndicate personal loan approval requires a surety person and also their procedure are very complicated with this personal loan process. I have got the personal loan with the Syndicate bank around 10 years ago. The customer support and the response is average. The rate of interest and the charges are high when I got the personal loan from Syndicate bank.
      Was this review helpful? 1
      , chennai
      Reviewed on Dec 05, 2017
    • Syndicate Bank Personal Loan
      "Good experience"
      0.5 5.0/5 "Blown Away!"
      The experience with Syndicate Bank in regards to Personal Loan was great. They gave me a proper Loan, to start of the processing time for it was low and the documents were not a hassle. Other than that they gave me a low EMI too. I never had a single issue throughout the Loan.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Nov 11, 2017
    • Syndicate Bank Personal Loan
      "SATISFACTORY"
      0.5 3.5/5 "Pretty good"
      I had a earlier experience with Syndicate Bank for the personal loan. The process for the loan has been simple with no much of documentation done. The rate of interest was also normal, it was around 14%. The processing charges was standard and overall a satisfactory process.
      Was this review helpful? 0
      , mysore
      Reviewed on Oct 23, 2017
    • Syndicate Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      They use to deduct my monthly emi from my savings account ,but their process is very slow it will takes 6 to 7 days for their process to complete . Even the interest rate was 17.5% which was very high ,overall service is average from SYNDICATE BANk for my personal loan service.
      Was this review helpful? 1
      , mysore
      Reviewed on Oct 06, 2017
    • Syndicate Bank Personal Loan
      "Goor experience"
      0.5 4.0/5 "Great!"
      My personal loan was taken with SYNDICATE bank 3 years back. The rate of interest was between 12-13% which was satisfactory for 2 lakhs loan. The customer service and responsiveness was good . They have provided door step service for the documentation collection.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 04, 2017
    • Syndicate Bank Personal Loan
      "Efficient"
      0.5 4.0/5 "Great!"
      I had face to face conversation with syndicate Bank, I hold an account there with the same bank and therefore they were able to offer the loan with ease .The criteria was to have a gurantor also I am holding an account with the same branch and one of my friend assured me about the same and therefore it was completely a hassle free experience..
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 22, 2017
    • Syndicate Bank Personal Loan
      "Moderate Service"
      0.5 3.0/5 "Satisfactory"
      Long back I had taken the personal loan from syndicate bank. The time when I had taken the loan from syndicate bank, they quoted a good interest rate. I felt comfortable in the rate of interest so continued with the loan process and I had availed it.
      Was this review helpful? 0
      , tirupati
      Reviewed on Aug 12, 2017
    • Syndicate Bank Personal Loan
      "The best"
      0.5 5.0/5 "Blown Away!"
      Syndicate Bank knows how to treat the customers and they value them as well. I have taken a personal loan from them. The customer services are very good and they have offered me a good deal on the interest rate and processing charges. They have also informed me that they would offer me other benefits if my payments are regular.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 13, 2017
    • Syndicate Bank Personal Loan
      "Fast process"
      0.5 5.0/5 "Blown Away!"
      I am a existing customer of Syndicate Bank and they offered me a preapproved personal loan. After me applying for it, I got the loan in just two days with a minimum documentation. The interest rate and processing charges was nominal too. A excellent process overall.
      Was this review helpful? 1
      , bangalore
      Reviewed on May 25, 2017
    • Syndicate Bank Personal Loan
      "Best "
      0.5 5.0/5 "Blown Away!"
      I had closed the personal loan with the Syndicate bank and the interest rate applied for the loan was around 12.5%. Processing charges were nil with them on my personal loan and I got the loan amount within seven to ten days of time from the time of inquiry.
      Was this review helpful? 1
      , sivakasi
      Reviewed on May 10, 2017
    • Syndicate Bank Personal Loan
      "Good Service"
      0.5 4.5/5 "Excellent!"
      It had been seven months when I availed a personal loan from Syndicate Bank. The interest rate was fourteen percentage and the processing fees are very low. The loan amount got disbursed in a week. They had collected all the documents from me and processed it very fast.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 29, 2017
    • Syndicate Bank Personal Loan
      "Very Good"
      0.5 4.0/5 "Great!"
      Excellent service. After submitting my documents with Syndicate bank for personal loan, the loan amount got disbursed. Also, they fulfilled what they committed to me in terms of interest rate and the processing time. The interest rate was minimal but Iam not not sure how much It was and It was long time back I have taken this loan. Loan amount I have opted is 1 lakh EMI is 2200 for 5 years it was.
      Was this review helpful? 0
      , alwar
      Reviewed on Mar 29, 2017
    Common Loader Icon
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.