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  • Syndicate Bank Personal Loan Reviews

    • 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
    • Syndicate Bank Personal Loan
      "Good "
      0.5 4.0/5 "Great!"
      I took the personal loan with the Syndicate bank before ten years and the rate of interest is around 13% to 15%. I am happy with their services. Within a week of time I have got the money to be credited in my account. There are no need of documents with them because I am having the savings account with them.
      Was this review helpful? 1
      , goa
      Reviewed on Sep 30, 2015
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    Syndicate Bank Personal Loan is Rated as "Excellent!" by 39 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN
    rated 4.5/5.0 by 39 users

    Syndicate Bank is one of the oldest and major commercial banks of India. At the time of its establishment, the bank was known as Canara Industrial and Banking Syndicate Limited. The bank, along with 13 major commercial banks of India, was nationalized on 19 July 1969, by the Government of India. The Bank is well equipped to meet the challenges of the 21st century in the areas of information technology, knowledge and competition. Syndicate bank provides personal loan to both salaried and non salaries class individuals. Read on to learn about the eligibility and documentation requirements for the loan you avail.

    Perfect Personal Loan Deals for you


    You're probably eligible for an Syndicate Bank Personal Loan if you are

    01
    02
    03
    04

    At least 21 years old

    Less than 58 years old

    Salaried / Self “ Employed
    with regular income

    Earn more than the minimum
    income required


    Your Syndicate Bank Personal Loan amount eligibility is based on these factors

    01
    02
    03

    Salaried with Regular Income

    Maximum allowed personal loan is Rs. 3 lakhs

    EMIs of other loans lower
    your eligibility


    Increase your eligible Syndicate Bank Personal Loan amount by these steps

    01
    02

    Pay off your credit card bills

    Choose longer tenure loan up to 60 months


    Documentation needed to apply for an Syndicate Bank Personal Loan

    • 1. Signed application form with photograph
    • 2.Copy of passport/voter ID card/driving license
    • 3. Processing fee cheque
    • 4. Last 3 months bank statement/6 months bank passbook
    • 5. Documentation for salaried applicants:
      • Latest salary slip
      • Current dated salary certificate with the latest Form 16
    • 6. Documentation for self-employed applicants:

      • Latest Bank statement
      • Latest ITR or Form 16

    Syndicate Bank Personal Loan Interest RatesUpdated on 27 Jul 2017

    Syndicate Bank Personal Loan Details
    Interest Rate (Monthly reducing balance) 13.50%
    Processing Fees 0.50% of the Loan amount with min Rs.500
    Loan Tenure 60 months

    About Syndicate Bank Personal Loan

    Enquire for Syndicate Bank Personal Loan

    Syndicate Bank was established on 19th July 1969 and is one of India's oldest and major commercial banks. At the time of its establishment, Syndicate Bank's name was Canara Industrial and Banking Syndicate Limited.

    Syndicate Bank offers personal loans to individuals in order to fulfil their personal financial needs. These needs could range from the purchasing of consumer durables to genuine credit requirements. Syndicate Bank provides personal loans to make the milestones in your life more monumental by easing your mind off of their monetary aspects. Whether it is your child's higher education or wedding Syndicate Bank's Personal Loan at an affordable interest rate allows you to enjoy the important moments of your life without any concerns.

    Why choose Syndicate Bank Personal Loan

    Syndicate Banks offers a variety of options under its Personal Loan segment. The most coveted Syndicate Bank Personal Loans are SyndSaral and SyndSenior.

    SYND SARAL

    The SyndSaral loans are tailor made to suit the specific preferences of various individuals to meet their diverse financial needs. Syndicate Bank is sensitive to the different income ranges of its customers and hence has devised custom made schedules of restitution. The customised Personal Loan Offers cater to individuals of different demographics as follows-

    • For purchase of consumer durables
    • Personal loans to women
    • Personal loans to agriculturists
    • Personal loans to NRIs

    SYND SENIOR

    The SyndSenior loan caters to the personal financing needs of senior citizens. This scheme features attractive interest rates making them affordable options for this borrower-class.

    Syndicate Bank offers Personal Loans with attractive features. For starters, in order to get a Personal Loan from Syndicate Bank, an individual does not need to offer any collateral to secure the loan.

    Syndicate Bank also places no restrictions on the use of personal loan funds to any specific purpose, subject to the loan being used for legal purposes.

    The greatest attraction that makes the Syndicate Bank Personal Loan appealing is the fact that getting a personal loan from Syndicate Bank involves the most minimal amount of paperwork.

    Getting a personal loan from Syndicate Bank enables borrowers to consolidate debt by using the personal loan amount to pay off credit card debts hence accruing lesser amounts as interest payable.

    Syndicate Bank Personal Loan is the perfect solution for all short term requirements for cash.

    If you are ever in need of a large sum of money for an urgent requirement, looking at personal loans to meet your need may be a good option. Personal loans are easy to acquire, and can be used for a variety of purposes. Syndicate Bank offers customers personal loans at competitive prices. The interest rate on these personal loans is now computed on the MCLR system. Ever since the government implemented the MCLR system on 1st of April 2016, most banks have adopted this method for calculating interest on all loans availed. For loans taken before 1st of April, the existing method of using the base rate to calculate the interest can be used, or if the customer wishes, can shift to the MCLR platform.

    Syndicate Bank Marginal Cost of Funds Based Lending Rate (MCLR)

    Interest for personal loans from Syndicate Bank will be charged based on the new MCLR system. The RBI mandated the implementation of this system. Current economic factors are reflected in the new MCLR system rates since they take into account factors like current repo rate, CRR (Cash Reserve Ratio), operating costs, etc. Thus using the MCLR system is considered to be more fair than the traditional method of using the base rate.

    Marginal Cost of Funds Based Lending Rate (MCLR) Tenure / Period.Benchmark Rates (MCLR)
    Overnight9.50%
    One Month9.55%
    Three Months9.55%
    Six Months9.60%
    One Year9.65%

    Syndicate Bank Base Rate and BPLR (For existing borrowers)

    Base Rate9.70% per annum
    BPLR13.95% per annum

    Syndicate Bank Personal Loan interest rate

    These interest rates mentioned below are for the base rate system. Existing customers may choose to shift to the MCLR based system if they wish.

    Salaried ClassNon-Salaried ClassAll types of borrowers
    Interest RateInterest linked to Base Rate Base Rate+4.75%pa Monthly compoundingInterest linked to Base Rate Base Rate+4.75%pa Monthly compoundingInterest linked to Base Rate Base Rate+1.75%pa Monthly compounding

    Note: All rates mentioned here are valid as of June 15, 2016. These rates are subject to change at the sole discretion of Syndicate Bank. Applicants must check the given rates with the bank before applying.

    An individual has to fulfil the following criteria in order to be sanctioned for a Syndicate Bank personal loan -

    • The loan taker must be at least 21 years old when applying for a Syndicate Bank personal loan
    • The customer applying for a Syndicate Bank personal loan must be below the age of 58 years
    • Persons applying for a personal loan must be either salaried or self-employed with a regular income
    • While applying for a personal loan, individuals need to be earning more than the minimum required amount

    In order to increase their Eligibility for a Personal Loan , individuals can pay of their outstanding credit card bills.

    Persons looking to apply for a loan can also choose a lengthier tenure period up to 60 months, thus increasing their eligibility.

    Paying off existing EMIs of other loans contribute greatly towards increasing one's eligibility for a personal loan.

    An important thought to remember is that the maximum amount allowed as a Syndicate Bank personal loan is Rs.3,00,000.

    Calculating EMI for a Syndicate Bank Personal loan is a quick and hassle free procedure. In order to calculate EMI for your Syndicate Bank Personal Loan, BankBazaar has an easy to use EMI Calculator.

    To access the EMI Calculator, log on to the BankBazaar home page and locate the Finance Tools button on the toolbar. Hovering the mouse over the Finance Tools button will lead to the appearance of two options, EMI Calculator and Finance Calculator.

    Upon clicking the EMI calculator button, three options will be yielded, namely, Car Loan, Home Loan and Personal Loan.

    Clicking the Personal loan tab, the page will get redirected to the Personal Loan EMI Calculatorapplication .

    The EMI Calculator is a simple and user friendly application.

    You can drag the meter in the loan amount tab to the desired loan amount, drag the tenure meter to the desired number of months.

    Once that is done, you can now type in the Syndicate Bank rate of interest that has been offered to you. Next you can add the processing fee amount that is applicable to you. Once you hit the calculate button, the EMI Calculator will instantly give your EMI details.

    First off the EMI Calculator will calculate the monetary amount of each monthly instalment of EMI that is applicable to you. It will then show you a pie chart of the break-up of the total amount payable by you.

    The next thing that you will receive will be the amortization table of your Syndicate Bank personal loan.

    It will elucidate your individual debt repayment timetable in regular monthly portions over the stipulated tenure of the loan.

    It will show you the amount of the principal that you have already paid, the amount of the total interest that you have paid and also your outstanding balance. All of this information will be displayed on a per year basis.

    What kind of personal loan does Syndicate Bank offer?

    Syndicate Bank has custom made loans that cater to various individuals from different walks of life. Syndicate Bank personal loans are categorised under the main umbrella of SyndSaral loans. Personal loans under SyndSaral are as follows-

    • For purchase of consumer durables
    • Personal loans to women
    • Personal loans to agriculturists
    • Personal loans to NRIs

    I am a woman looking for a personal loan from Syndicate Bank. What is the maximum amount that I can get as a loan?

    Under the SyndSaral loan umbrella, women are granted personal loans with special features. The maximum amount that can be borrowed from Syndicate Bank under this scheme is Rs.1,50,000.

    I am looking for a Syndicate Bank personal loan to buy some white goods for my house. What is the guarantee that Syndicate Bank requires in order for me to apply for a personal loan from Syndicate Bank?

    Syndicate Bank offers personal loans for the purchase of consumer durables under the SyndSaral scheme. In order to accrue this loan, Syndicate Bank requires you to find a suitable third party which is approved by Syndicate Bank as a guarantor.

    I am a salaried employee working for a coveted MNC. I am looking for a Syndicate Bank personal loan that will help me pay off my existing credit card bills. What is the quantum that Syndicate Bank requires me to offer?

    For a Syndicate Bank personal loan, a salaried individual must provide a quantum of gross salary not exceeding 12 months.

    My father is a farmer and he wishes to apply for a Syndicate Bank Personal Loan. Is it possible for him to get a loan or do I need to apply for a personal loan instead of him?

    Your father can directly apply for a Syndicate Bank Personal Loan under the SyndSaral umbrella. This genre of loan is only given to agriculturists.

    News About Syndicate Bank Personal Loan

    • 3 New Schemes Launched By Syndicate Bank

      Syndicate Bank recently launched 3 schemes meant for customers from different strata of the community. Synd SmartGen scheme has been launched as a savings scheme meant for family holidays, marriages, childrens education etc. The second scheme is called as Synd SmartSHE and has been launched to commemorate the International Womens Day. The third plan is called as SyndJuniorMillionaire, and is a mixture between recurring deposit and savings account. The account holders can expect returns totalling a million rupees at the end of 10 years. Also, other MSME schemes are expected to be launched in the near future.

      Syndicate Bank has received awards for its exemplary services three times in the past few years. The National Payments Corporation of India (NPCI) awarded Syndicate Bank for one of the highest enrolments of Rupay cards; it received award as 3rd Best Performing Branch (2013-14) in Kerala by State Forum of Bankers Club; and the 2nd Best Bank (2012-13) by Financial Express. It is one of the oldest operational banks in Andaman & Nicobar Islands.

      /></p><p><em>23rd February 2015</em></p></div><div class=

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