Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • Personal Loan Reviews

    • 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? 0
      , 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
    • Syndicate Bank Personal Loan
      "Good services"
      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? 2
      , mysore
      Reviewed on Nov 17, 2016
    • Syndicate Bank Personal Loan
      "On time payment"
      0.5 3.0/5 "Satisfactory"
      Syndicate bank keeps debiting the payment from my account on time. .I used to get statements from them on time once in every 6 months also I can access the same information through online as well . I used to check my statements online. They do not deduct any additional charges too. The rate of interest charged by them was 11%.
      Was this review helpful? 1
      , chennai
      Reviewed on Nov 08, 2016
    • Syndicate Bank Personal Loan
      "Convential banking"
      0.5 4.0/5 "Great!"
      Syndicate bank follows a convential way of banking, where I had to visit the branch to make the EMI payment manual every month as they do not have faciliites like ECS in place. On the contary , the interest rate offered by them was very minimal so as the processing fee. On top of that pre-clousre and partial payment options were also avialiable.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 03, 2016
    • Syndicate Bank Personal Loan
      "Best response at the bank"
      0.5 5.0/5 "Blown Away!"
      I simply love the services offered by Syndicate bank as they act according to my wish no matter what ever it is. For instance I had placed a request for my personal loan and my loan was approved without any hesitation. They provide proper service as they were constantly in touch with me and even during the closure of the loan account I did not face any hassle with them.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 01, 2016
    • Syndicate Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      As I hold my salary account with the Syndicate bank I approached them to take a personal loan. The offered interest rate was quite low and the executives of the bank approached me in a friendly manner. My loan amount got credited to my account in a week time.
      Was this review helpful? 1
      , vijayawada
      Reviewed on May 26, 2016
    • Syndicate Bank Personal Loan
      "Can be improved"
      0.5 3.0/5 "Satisfactory"
      The service provided was really good with syndicate bank related to the personal loan process.I have taken the loan since I am having a salary account with the same bank.The rates offered was around 14% for the loan.There was preclosure options available but I have not choosed the same.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on May 25, 2016
    • Syndicate Bank Personal Loan
      "Slow but good rate"
      0.5 3.5/5 "Pretty good"
      Syndicate bank took long time to disbursed the personal loan amount nearly one month . Rate of interest charged and processing fee charged were nominal before three years. Papers works were heavy and the formalities were high like we have to visit the bank many times.
      Was this review helpful? 0
      , chennai
      Reviewed on Mar 11, 2016
    • Syndicate Bank Personal Loan
      "Not satisfied.."
      0.5 1.0/5 "Really Bad"
      I was not interested in going with Syndicate bank for the personal loan but due to emergency I had availed. I asked for three lakhs and they sanctioned the same amount. They put interest as 1.8% per month. They have not asked me to take insurance.
      Was this review helpful? 1
      , chennai
      Reviewed on Feb 24, 2016
    • Syndicate Bank Personal Loan
      "Good Process"
      0.5 5.0/5 "Blown Away!"
      I have taken my personal loan from Syndicate bank. The services has been very good from them. They been very responsive. The documents was collected on time. The process was fast. The rate of interest was normal. The charges was reasonable too.
      Was this review helpful? 0
      , mysore
      Reviewed on Feb 24, 2016
    • Syndicate Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I am having the personal loan with the Syndicate bank and the services are good with them. Rate of interest was around 11% per annum. The loan amount got disbursed to my account within fifteen to twenty days of time.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Dec 31, 2015
    • Syndicate Bank Personal Loan
      "Excellent "
      0.5 5.0/5 "Blown Away!"
      I have closed the personal loan with Syndicate bank before four years of time. The EMI was around 4000 Rupees per month and I have paid it for 36 months of time. The services are good with them and I got the loan within a week of time. Branch manager notified me that the loan got disbursed to my account.
      Was this review helpful? 1
      , tiruchirapalli
      Reviewed on Dec 28, 2015
    • Syndicate Bank Personal Loan
      "Minimal processing fee"
      0.5 3.0/5 "Satisfactory"
      Interest rate offered by Syndicate bank was 9.9%, I would say its average. I dont have any idea about that. I am not sure about the market condition right now . I am holding a salary account that is why I had chosen Syndicate bank . They have taken rs 500 for one lakh as the processing fee which is very minimal.
      Was this review helpful? 0
      , mumbai
      Reviewed on Dec 09, 2015
    • Syndicate Bank Personal Loan
      "Awesome"
      0.5 4.5/5 "Excellent!"
      Syndicate bank is very good. I visited the bank and took the personal loan. They took only two days for the disbursement the interest rate offered was similar with nationalized bank and 0% processing fee. Very simple documents were collected.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 30, 2015
    • Syndicate Bank Personal Loan
      "Got it"
      0.5 4.0/5 "Great!"
      I approached SYNDICATE BANK people for the personal loan. Since my salary account was with them I planned to avail this from them now. It was just one month completed with them now in taking this loan. I do not have much experience with them. I got very lesser rate of interest from them which is very good.
      Was this review helpful? 1
      , belgaum
      Reviewed on Oct 09, 2015
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    Syndicate Bank Personal Loan EMI Calculator is Rated as "Excellent!" by 40 Users

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    Overview about Syndicate Bank Personal Loan Calculator

    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.  

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