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Syndicate Business Loan Interest Rate Oct 2017

Last Updated 28th Sep 2017

Syndicate Bank Business Loan Interest Rates India

Syndicate Bank Business Loan Rate
Loan for Self Employed Features
Interest Rate 14.45% - 14.45%
Check Best Offers
Processing Fee 0.5%, Min Rs. 500
Tenure From 12 months to 60 months
Lowest EMI per lakh Rs. 2,350
Loan Amount Min Rs. 50,000 and Max Rs. 500,000
Part Prepayment, Charges Nil prepayment charges
Early Foreclosure, Charges Nil prepayment charges
Apply Business Loan @ 13.50%*
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Syndicate Bank Business Loan

Syndicate Bank offers loan to self employed and businessmen for financing the expansion or working capital requirements of their business. There are some benefits of taking loan from Syndicate Bank:

  • You can prepay part of your loan anytime after paying 1% prepayment charges
  • You can foreclose your entire Business loan anytime after paying 0 EMI's at foreclosure charges - Nil prepayment charges
  • Syndicate Bank has over 3,383 branches in India where you can avail service

Syndicate Bank Business Loan Interest Rate Calculator

There are multiple factors on which basis bank calculates your interest rate. Some of these factors are -

  • Loan amount: Business loan rate in Syndicate Bank depends upon the loan amount you apply for. Higher the loan amount, lesser will be the interest rate. Bank gives loan of minimum Rs. 50,000 to upto Rs. 500,000. Interest rate for high loan amount can be lower resulting in lower EMIs.
  • CIBIL Score: Syndicate Bank offers loan at higher interest rate if your CIBIL score is low or vice versa. However, to get loan from Syndicate Bank, your CIBIL score should be atleast 700. Higher the CIBIL Score, higher the chances of getting a loan at lowest business loan interest.
  • Revenue: Syndicate Bank will offer you loan at lower interest rate if you have higher monthly revenue. Bank gives loan to the borrowers whose annual turnover is at least Rs. .
  • Time in Business: Syndicate Bank offers loan at lower rates if you have significant business experience. Minimum business existence to get loan from Syndicate Bank is 0 months.

Syndicate Bank Eligibility Criteria

Bank have a detailed criteria to determine the eligibility of a borrower for business loans. Some of the key criteria are:

Eligibility Criteria Description
Age: 21 to 58 years
Minimum Turnover Rs.
Business Existence (in months) 0 months
ITR (months) 0 months
Loan Amount Rs. 50,000 to Rs. 500,000
Loan Tenure 60 months
Owned House or Place of Work Not Required
CIBIL Score 750 and above

Syndicate Bank Business Loan Eligibility Calculator

Eligibility of Business loan in Syndicate Bank relies on two important factor:

1.Your ability to repay the loan and
2.Your past track record in repayment of loans.

The main factors on which the eligibility of an applicant depends are

  • Age: Age plays an important role to know your eligibility and repayment capacity. Syndicate Bank offers loan to those who are at least 21 years old at the time of loan approval and maximum 58 years at the time of loan maturity.
  • Loan Amount: Based on the loan amount eligibility, bank gives you loan ranging from Rs. 50,000 to Rs. 500,000. To improve chances of approval, apply for a loan amount that you can comfortably service.
  • Profitability and Revenue: Loan eligibility significantly depends upon profitability on your turnover, revenue and profitability. Syndicate Bank requires profit for minimum 2 years and minimum business turnover of Rs. .
  • Business Stability: Future business prospects and its stability is important to improve your eligibility for business loan. Syndicate Bank requires minimum business track record of 0 months. The bank will also look for minimum growth in sales for the last three year. A decline in sales for a certain period or below a certain limit might impact your eligibility to get loan.
  • ITR and Banking: Bank gives loan only after checking your income tax return and bank statements. Your ITR details for minimum 0 months and bank statement for minimum 0 months will be required by Syndicate Bank.
  • CIBIL Score: When checking loan eligibility, Syndicate Bank will look at the complete CIBIL report. Syndicate Bank will check your repayment history for all current and past loans and credit cards. Bank advise you to maintain a score of 750 and above to get loan approval.

Syndicate Bank Business Loan EMI Calculator

Syndicate Bank Business Loan EMI is a fixed amount that you pay each month towards the repayment of your loan till the end of tenure. Lowest EMI offered by Syndicate Bank is Rs. 2,350 per lakh loan amount. EMI of Syndicate Bank depends on factors like:

  • Interest Rate: Higher the interest rate, higher will be the EMI. For a 60 months loan from Syndicate Bank at an interest rate of 14.45% per annum, EMI will be Rs. 2,350 per Rs. one lakh loan amount. At an interest rate of 14.45% for the same loan, the EMI will be Rs. 2,350.
  • Loan tenure: Longer the loan tenure, lesser your smonthly EMI. At interest rate of 14.45% per annum, the EMI on Syndicate Bank business loan would range from Rs. 9,000 to Rs. 2,350 for loan tenure ranging from 12 to 60 months.
  • Amount Borrowed: Syndicate Bank Loan EMI will be high if you apply for a high loan amount. For amount borrowed Rs. 50,000, the EMI at 14.45% for 60 months would be Rs. 1,175. Similarly for amount borrowed Rs. 500,000, the EMI at 14.45% for 60 months would be Rs. 11,751.
What are the benefits of calculating business loan EMI?
  • Business loan EMI calculator of Syndicate Bank helps you to calculate your monthly EMI at different rate of interest
  • Syndicate Bank EMI calculator helps you to know your capacity to repay the loan after meeting your regular monthly expenses
  • You get a rough idea about your monthly EMI and can plan your monthly budget accordingly
Business Loan Products

Syndicate Bank offers customized products for specific customer segments designed to meet their loan requirements. Some of the popular products with their basic features are as follows:

Other Charges

In addition to interest rates, business loan also carry some other charges which include:

  • Foreclosure Charges- These charges are to be paid in case you want to repay your entire loan amount before the end of tenure period. Syndicate Bank allows prepayment of loan after paying 0 EMI’s with prepayment charges - Nil prepayment charges
  • Processing Fee- Syndicate Bank asks for a processing fee of 0.5%, Min Rs. 500 with applicable service tax
Documents required
  • Address proof of individual: Aadhaar Card, Voter’s ID Card, Bank statement, registry copy, rent agreement , utility bills
  • Identity proof of individual: Passport, Driving License, PAN Card, Aadhaar Card, Voter’s ID Card
  • Business existence proof: PAN, sales tax/ excise/ VAT/ service tax registration, copy of partnership deed, trade
  • license, certificate of practice, registration certificate issued by RBI, SEBI
  • Copy of Income Tax PAN for 24 months
  • Bank statement of last 6 months

Compare Syndicate Bank Business Loan with other banks

FAQs on Business Loan Syndicate Bank

Why to take business loan from HDFC Bank ?

Bank offers loan at 14.45% rate with the lowest EMI of Rs. 2,350 per lakh. If you are paying EMI more than this then you can opt for balance transfer and relocate your loan to Syndicate Bank.

What is the interest charged on HDFC Bank business loan?

Interest rates on Business loan in Syndicate Bank are very attractive starting from 14.45% to 14.45%. Bank offer various offer for self employed professionals to get loan at very low rate of interest.

What is the lowest EMI per lakh on business loan from HDFC Bank ?

If you apply for loan from Syndicate Bank, your lowest EMI per lakh will be Rs. 2,350.

What is the minimum and maximum tenure of business loan in HDFC Bank?

These loans are shorter tenure loans. You can repay your loan in a flexible period of minimum 12 months to maximum 60 months.

How much business loan amount I can borrow from HDFC Bank?

Syndicate Bank offers you loan if you need a minimum amount of Rs. 50,000 to a maximum amount of 500,000.

What is the processing fee charged by Syndicate Bank on business loan?

Syndicate Bank charges a processing fee of 0.5%, Min Rs. 500 with applicable tax.

Is age an eligibility factor to get loan for business from Syndicate Bank?

Yes, age is an important eligibility factor to get loan as you should be at least 21 years old at loan approval time and 58 years old at loan maturity time.

What are the prepayment charges on business loan from Syndicate Bank?

Bank charges a fee in case you want to repay your entire loan amount before the end of tenure period. The fee charged by Syndicate Bank is Nil prepayment charges.

Syndicate Bank Business Loan Customer Care Number, Email, Application Status, Branches

City Customer Care Number
Agra 1800-425-0585
Ahmedabad 1800-425-0585
Ambala 1800-425-0585
Anand 1800-425-0585
Aurangabad 1800-425-0585
Bangalore 1800-425-0585
Bhilai 1800-425-0585
Bhilwara 1800-425-0585
Bhiwadi 1800-425-0585
Bhopal 1800-425-0585
Bhubaneswar Cuttack 1800-425-0585
Bikaner 1800-425-0585
Chandigarh 1800-425-0585
Chennai 1800-425-0585
Cochin 1800-425-0585
Coimbatore 1800-425-0585
Dehradun 1800-425-0585
Delhi 1800-425-0585
Durg 1800-425-0585
Faridabad 1800-425-0585
Gandhinagar 1800-425-0585
Ghaziabad 1800-425-0585
Goa 1800-425-0585
Greater Noida 1800-425-0585
Gurgaon 1800-425-0585
Guwahati 1800-425-0585
Gwalior 1800-425-0585
Hyderabad 1800-425-0585
Indore 1800-425-0585
Jabalpur 1800-425-0585
Jaipur 1800-425-0585
Jalandhar 1800-425-0585
Jodhpur 1800-425-0585
Kanpur 1800-425-0585
Karnal 1800-425-0585
Kolhapur 1800-425-0585
Kolkata 1800-425-0585
Kota 1800-425-0585
Kozhikode 1800-425-0585
Lucknow 1800-425-0585
Ludhiana 1800-425-0585
Madurai 1800-425-0585
Meerut 1800-425-0585
Mehsana 1800-425-0585
Mohali Sas Nagar 1800-425-0585
Mumbai 1800-425-0585
Mussoorie 1800-425-0585
Nagpur 1800-425-0585
Nashik 1800-425-0585
Noida 1800-425-0585
Noida Extn 1800-425-0585
Panipat 1800-425-0585
Patna 1800-425-0585
Pondicherry 1800-425-0585
Pune 1800-425-0585
Raipur 1800-425-0585
Rajkot 1800-425-0585
Ranchi 1800-425-0585
Rohtak 1800-425-0585
Roorkee 1800-425-0585
Salem 1800-425-0585
Shimla 1800-425-0585
Sonepat 1800-425-0585
Surat 1800-425-0585
Trichy 1800-425-0585
Udaipur 1800-425-0585
Vadodara 1800-425-0585
Varanasi 1800-425-0585
Vijaywada 1800-425-0585
Vizag 1800-425-0585
Syndicate Bank Business Loan

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