Syndicate Business Loan Interest Rate Calculator - Dec 2016

Syndicate Bank Business Loan Interest Rates

Last Updated 10th Dec 2016
Self Employed
Interest Rate 14.45% - 14.45%
Lowest EMI Rs. 2,350 per lakh
Tenure From 12 months to 60 months
Loan Amount Min Rs. 50,000 and Max Rs. 500,000
Processing Fee 0.5%, Min Rs. 500
Part Prepayment, Charges Nil prepayment charges
Early Foreclosure, Charges Nil prepayment charges
Apply Business Loan Online





I authorize MyLoanCare, its partners to contact me. This over rides my number being in NDNC registry
X

Syndicate Bank Business Loan

Syndicate Bank gives the facility of business loan to the people who need finance to expand their business. There are some benefits of taking business 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 the forclosure charges
  • Syndicate Bank has over 3,383 branches in India where you can avail service

Business Loan Syndicate

Business loan interest rates offered by Syndicate Bank are fixed as well as floating
  • Fixed rates allow you to borrow loan at a fixed price which won’t change in the whole tenure in case of change in Syndicate Bank benchmark rate and should be chosen only if you believe that the rates will not hike in future
  • In contrast to this are floating rates which changes with a single change in Syndicate Bank benchmark rate in your loan tenure. You should go for floating rates if you can take the risk of hike in interest rates
Syndicate Bank Business Loan Interest Rate depends upon
  • 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
  • CIBIL Score: Syndicate Bank offers business loan at higher interest rate if your CIBIL score is poor or vice versa
  • Monthly Revenue: Syndicate Bank will avail you business loan at lower interest rate if you have higher monthly revenue
  • Time in Business: Syndicate Bank offers business loan at lower rates if you are doing business since long time

Business Loan Charges

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 business loan after paying 0 EMI’s with prepayment charges
Processing Fee- Syndicate Bank asks for a processing fee of 0.5%, Min Rs. 500 of loan amount with applicable service tax

Syndicate Business Loan EMI Calculator

Business Loan EMI is a fixed amount that you pay each month towards the repayment of your business loan till the end of tenure. Lowest EMI offered by Syndicate Bank is 2,350 per lakh loan amount. Business loan EMI of Syndicate Bank depends on factors like:
  • Interest Rate: Higher the interest rate, higher will be the EMI. For a 60 months business loan from Syndicate Bank at interest rate of 14.45% per annum, EMI will be Rs. 2,350 per Rs. one lakh loan amount. At interest rate of 14.45% for the same loan, the EMI will be Rs. 2,350
  • Loan tenure: Longer the loan tenure, lesser your monthly 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 50,000, the EMI at 14.45% for 60 months would be 1,175. Similarly for amount borrowed 500,000, the EMI at 14.45% for 60 months would be 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 maintaining your standard of living
  • You get a rough idea about your monthly EMI and can plan your monthly budget accordingly
Estimated EMI online by using EMI Calculator.

Syndicate Business Loan Eligibility Calculator

Business loan eligibility criteria Syndicate Bank

Eligibility of Business loan in Syndicate Bank relies upon different factors but the most important factor is your ability to repay the loan. The main factors on which the eligibility of an applicant depends are
  • Profitability: Business loan eligibility significantly depends upon profitability status and future prospects of your business.
  • Business Stability: Future business prospects and its stability is important to improve your eligibility for business loan.
  • CIBIL Score: When checking eligibility for business loan, 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.

Business Loan Syndicate documents required

  • Address proof of individual: Aadhar Card, Voter’s ID Card, Bank statement, registry copy, rent agreement , utility bills.
  • Identity proof of individual: Passport, Driving License, PAN Card, Aadhar 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

Compare Syndicate Business Loan

Syndicate Business Loan in India

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 Business Loan News - Dec 2016
28th Jul 16 Syndicate Bank posts Q1 Net Profit at R79 cr, NPAs up
Syndicate Bank reported a net profit of Rs 79.13 crore , which is lower by 73.9 percent compared to year ago period . The results of this year are not comparable to past year due to exceptional write-off. The Bank stated in its regulatory filing that Previous quarter results are not comparable with the current quarter since there was an exceptional item of write-off on account of fraud at three branches of Jaipur region. The total income showed a slight increase by 1.5percent to R6, 419 crore, while interest income increased by 4.7percent to Rs. 1479 crore compared to a year ago period . . Asset Quality deteriorated as the Gross NPAs in June Quarter were 7.53% of gross advances , compared with 3.72%a year ago . Net NPAs stood at 5.04%, compared with 2.36% in the year-ago period. The bank has upgraded NPAs of Rs 220.42 crore and made recoveries of Rs444.70 crore.
08th Jul 16 Syndicate Bank revises MCLR, base rate
Syndicate Bank revised its Marginal Cost of Funds Based Lending Rate (MCLR) . The revised overnight MCLR will be 9.40 per cent (existing MCLR 9.50 per cent), one month MCLR 9.45 per cent (existing MCLR 9.55 per cent), three months MCLR 9.45 per cent (existing MCLR 9.55 per cent), six months MCLR 9.50 per cent (existing MCLR 9.60 per cent) and one year MCLR 9.55 per cent (existing MCLR 9.65 per cent). This will be in effect from 11th July 2016. The bank has also revised its base rate and BPLR . Base rate revised 9.60 per cent (existing rate 9.70 per cent) and BPLR revised 13.85 per cent (existing 13.95 per cent). This will also be in effect from 11th July 29, 2016. This cut in interest rates should result in lower interest for banks customer for home loan
*My Finance Care Advisors Pvt. Ltd., or https://www.myloancare.in is a bank neutral multi bank platform that helps borrowers and bank customers compare loans and deposits of all banks in India at one place. Information carried at this website is based on perusal of public sources and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not assure as to the correctness of information carried at the website. Lenders/ banks/ other parties may contact us at info@myloancare.in to provide corrections or updates. We may act as and/ or be associated with channel partners of banks and other sellers of financial products.