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  • Syndicate Bank Two Wheeler Loan

     5.0 / 5.0   by 4 users
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    Overview:

    Tired of haggling with auto-wallahs? Exhausted from waiting for bus? A two-wheeler will offer you complete freedom from all worries related to transportation. But, purchasing a two-wheeler is not an easy task. With mounting costs, buying a two wheeler can turn out to be a costly affair if the expenses are not planned. A two-wheeler loan will help you afford a two-wheeler with no hassles. You don't have to make out-of-pocket expenses and you can pay back the loan through easy instalments.

    A pioneer in motor loans portfolio, Syndicate Bank two-wheeler loan'SyndVahan' will help you buy the vehicle of your dreams. With customer-centric benefits like high financing quantum and affordable rate of interest, two-wheeler loans offered by Syndicate Bank will be of immense help to the borrower.

    Also Read: Two Wheeler Insurance.

    Features and Benefits of Syndicate Bank Two Wheeler Loan:

    The following advantages that accompany Syndicate Bank Two Wheeler Loan makes it a very popular contender in the auto loans market.

    • High Quantum of Finance:
    • Syndicate Bank offers up to 95% of the on-road price of the vehicle inclusive of registration charges, insurance and road-tax plus the cost of accessories for up to Rs.500 or 6 times the gross monthly salary of the applicant whichever is low. There is no maximum ceiling for the finance quantum.

    • Easy Eligibility:
    • Customers with a minimum annual income of Rs.50,000 are eligible to apply for the'SyndVahan' two-wheeler loan offered by the Syndicate Bank. Also, all salaried and self-employed class of people are eligible to apply for this loan.

    • Affordable Interest Rates:
    • The interest rates are linked to the base rates. For two-wheeler loans, the rate of interest is base rate+2% per annum which will be compounded monthly.

    • Flexible Repayment Options:
    • Customers can choose up to 60 EMIs for repaying the loan depending on the vehicle type and age of the vehicle.

    Perfect Personal Loan Deals for you

    Eligibility for Syndicate Bank Two Wheeler Loan:

    • All customers with a minimum annual income of Rs.0.5 lakhs are eligible to avail the'SyndVahan' loan.
    • Individuals, partnership firms, proprietorship, trusts, societies, agriculturists, directors and employees of corporates and legal entities excluding HUF are eligible to apply for the loan.

    Documentation for Syndicate Bank Two Wheeler Loan:

    The documents required will vary depending on the type of employment and income source of the borrower. Keep the following documents handy.

    • Passport size photos with duly filled loan application form.
    • Proof of identity and address proof.
    • Salaried applicants will have to submit the salary slips for last 3 months.
    • Bank account statements.
    • Salaried and self-employed applicants must submit the latest IT return statements.

    Do enquire with Syndicate Bank about the list of documents required for your employment and income type.

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    Syndicate Bank Two Wheeler Loan Interest Rates:

    The interest rates for Syndicate Bank loans for two-wheeler is as follows.

    Syndicate Bank Two-Wheeler Loan Interest Rate per annum

    Base Rate + 2% (Compounded Annually)

    FAQs:

    1. Can I purchase a second hand two-wheeler with the'SyndVahan' loan?
    2. No, this loan is offered only for the purchase of new two-wheelers.

    3. Will I incur any service charges for the two-wheeler loan offered by Syndicate Bank?
    4. Yes, service fees will be charged as applicable for Syndicate Bank two-wheeler loans.

    5. I have purchased accessories worth Rs.3000 for my new two-wheeler. Will the loan cover those charges also?
    6. Under the quantum of loan, 95% of the on-road price including the cost of accessories up to Rs.500 will be covered by the loan.

    7. Will the insurance charges be covered by the Syndicate Bank two-wheeler loan?
    8. Yes, 95% of on-road price including two-wheeler insurance, road tax and registration charges will be covered by the loan.

    9. How do I get more information on Syndicate Bank two wheeler loan?
    10. To obtain more information on'SyndVahan', you can refer to their website or contact the nearest branch for more details.

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar’s partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

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    Syndicate Bank Two Wheeler Loan Reviews

  • Page 1 of 1
    • Syndicate Bank Two Wheeler Loan
      "Wonderful service by syndicate Bank, really awesome banking "
      SYNDICATE BANK
      0.5 5.0/5 "Blown Away!"
      I'm glad to inform you that the service given by syndicate Bank of kannur is really awesome, feeling better than other banking institutions ,my loan transaction is smoothly done by the syndicate Bank kannur Branch, service is very helpful
      Was this review helpful? 0
      , kannur
      Reviewed on Nov 17, 2017
    • Syndicate Bank Two Wheeler Loan
      "Good Service"
      SYNDICATE BANK
      0.5 4.5/5 "Excellent!"
      I have a two wheeler loan with SYNDICATE BANK. My two wheeler loan started with them from this year March. The total tenure of this two wheeler loan is 5 years. I pay just Rs. 1000 as a monthly emi. They offered me this loan with the rate of interest of 7% and there was no processing fees for the loan.
      Was this review helpful? 0
      , guntur
      Reviewed on Oct 31, 2017
    • Syndicate Bank Two Wheeler Loan
      "Good deal"
      SYNDICATE BANK
      0.5 4.0/5 "Great!"
      I have taken a two wheeler loan from Syndicate bank and the process was smooth, I did not have to struggle in getting my loan through. The bank was supportive and they were quick. The interest rate was also a decent one and the charges was normal.
      Was this review helpful? 11
      , udupi
      Reviewed on Feb 13, 2017
    • Syndicate Bank Two Wheeler Loan
      "Good Services"
      SYNDICATE BANK
      0.5 5.0/5 "Blown Away!"
      My two wheeler loan is from Syndicate bank. The process for the loan was very good. It was completed on time. The rate of interest was also satisfactory. The processing charges was normal. I did not face any hassles.
      Was this review helpful? 14
      , mysore
      Reviewed on Feb 24, 2016
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