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Syndicate Home Loan Calculator

Syndicate Bank Housing Loan EMI Calculator

Last Updated 12th Oct 2021

  • Syndicate Bank home loan EMI per ₹ 1 Lakh is ₹ 662, which is one of the lowest EMI offered by banks. Check Best Offers
  • Housing loan EMI in Syndicate Bank is calculated based on loan amount, loan tenure and interest rate.
  • It is better to calculate your EMI for Syndicate Bank home loan before applying. Use an online Syndicate Bank loan EMI calculator to estimate your EMI.
  • Check Syndicate Bank home loan EMI for different tenures at the current Syndicate Bank home loan interest rate of 6.95%
  • Loan Amount10 Year Loan15 Year loan30 Year loan
    ₹ 10 Lakh₹ 11,585₹ 8,960₹ 6,619
    ₹ 20 Lakh₹ 23,170₹ 17,921₹ 13,239
    ₹ 30 Lakh₹ 34,755₹ 26,881₹ 19,858
    ₹ 50 Lakh₹ 57,925₹ 44,802₹ 33,097

    Syndicate Bank has merged into Canara Bank on April 1, 2020. The interest rates of Canara Bank will now be applicable on Syndicate Bank Home Loan.

    Jump to EMI Calculator

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Syndicate Home Loan EMI Calculator Online

Syndicate Bank Home Loan EMI is the fixed amount that you need to pay on a fixed date of the month till the end of repayment tenure. The amount is based on your loan amount, tenure and interest rate. You can calculate your Syndicate Bank housing loan EMI in advance to plan your loan payments and expenses using a Syndicate Bank home loan calculator. Syndicate Bank home loan EMI calculator is an online tool that functions on a mathematical algorithm and gives accurate results without hassle.

Why should you use Syndicate Bank Home Loan EMI Calculator?

  • Calculate the EMI at Different Tenures: Syndicate Bank offers the lowest EMI per lakh at ₹ 662. To get the lowest EMI on your home loan, you can compare the EMIs with a different loan amount and tenure. However, it is advisable to check with the bank to know the interest rate you will be eligible for Syndicate Bank home loan.
  • Compare Syndicate Bank Home Loan EMI: With Syndicate Bank home loan EMI Calculator, you can also estimate EMI on your home loan from Syndicate Bank with other leading banks in India at the same loan amount and tenure at varying interest rates.
  • Get Detailed Amortisation Schedule: You can calculate the division of total EMIs into interest and principal repayment on your loan at different periods throughout the loan tenure.
  • Calculate the Outstanding Balance: Finally, you can also calculate the remaining loan tenure for the outstanding balance at any period of the loan tenure. If you want to reduce your home loan tenure, you can always consider a home loan balance transfer because other banks may allow you to pay your home loan at low rates.

Syndicate Bank Home Loan EMI Calculator to estimate the EMI that fits your budget

To calculate your home loan EMI at different rates and tenure, enter different loan amounts and tenure at the eligible interest rate on Syndicate Bank Home Loan EMI calculator. The below-mentioned table shows the calculation of Syndicate Bank Home Loan at the various combinations of loan amount and years at the lowest rate of 6.95%. Considering this example, if you think you can afford to pay an EMI of in your budget, take an loan for 15 years or loan for 30 years, maybe the right Syndicate Bank Home loan plan for you.

Syndicate Bank home loan EMI is calculated for different loan amounts and tenures at 6.95% interest rate
Loan Tenure
Loan Amount (Rs.) 15 years20 years30 years
₹ 25 Lakh ₹ 22,401 ₹ 19,308 ₹ 16,549
₹ 50 Lakh ₹ 44,802 ₹ 38,615 ₹ 33,097
₹ 75 Lakh ₹ 67,203 ₹ 57,923 ₹ 49,646
₹ 1 Cr ₹ 89,604 ₹ 77,230 ₹ 66,195

Benefits of using Syndicate Bank Home Loan EMI Calculator

Syndicate Bank Home Loan Calculator is online and gives instant results with 100% accuracy. The best part is that you can calculate and compare multiple EMIs on different combinations of loan amount, interest rate and tenure. Thus, using Syndicate Bank Home Loan EMI Calculator helps you to choose the right amount of EMI that is affordable and also decide on the right loan amount and loan tenure. Further, if you use the MyLoanCare Syndicate Bank Home Loan Calculator, you have the option to receive calculated EMIs and amortization schedules for each calculation by mail which can be referred to at a later stage when you are making the final decision to take a loan.

Factors Affecting Syndicate Bank Home Loan EMI

Home Loan EMI can be calculated using an online Home Loan Calculator which takes into account factors such as loan amount, rate of interest and the tenure for which you are planning to avail the loan.

Loan Amount

If you apply for a higher loan amount, you will have to pay a higher EMI Syndicate Bank gives a minimum home loan of ₹ 15,00,000 upto a maximum amount of ₹ 5,00,00,000.

Interest Rate

Higher interest rate increases your Syndicate Bank housing loan EMI which will increase the total cost of the loan. Syndicate Bank current home loan interest rate starts at 6.95%. Do a complete market research and compare rates and calculate EMI online using Syndicate Bank home loan calculator before you apply for a home loan.

Loan Tenure

This is the period in which you can repay your home loan in Syndicate Bank. Your EMI will be lower if you take a 30 years loan from Syndicate Bank as compared to a loan taken for 5 years. For a longer period, you get to pay a smaller EMI and vice-versa.

Syndicate Home Loan EMI Calculator Formula

Syndicate Home Loan Calculator calculates EMI based on the following formula.

P*r* (1+r)^n/([(1+r)^n]-1)

Here is an illustration of how Syndicate Bank Home Loan EMI calculator formulates EMI:

In above formula,

  • P = Loan amount. Syndicate Bank home loan amount can range from ₹ 15,00,000 to ₹ 5,00,00,000
  • r = Rate of interest per month. Current Syndicate Bank housing loan rate 6.95%.
  • n = tenure in month. For Syndicate Bank, maximum home loan tenure is 360 months

Comparison of Syndicate Bank Home Loan EMI with other Banks

Bank Name Interest rate Loan Amount of ₹ 10 Lakh Loan Amount of ₹ 30 Lakh Loan Amount of ₹ 50 Lakh
Syndicate Bank 6.95% ₹ 6,619 ₹ 19,858 ₹ 33,097
HDFC 6.70% ₹ 6,453 ₹ 19,358 ₹ 32,264
ICICI Bank 6.70% ₹ 6,453 ₹ 19,358 ₹ 32,264
SBI 6.65% ₹ 6,420 ₹ 19,259 ₹ 32,098
LIC Housing Finance 6.66% ₹ 6,426 ₹ 19,279 ₹ 32,131
Axis Bank 6.65% ₹ 6,420 ₹ 19,259 ₹ 32,098

Syndicate Bank Home Loan Amortization Calculator

Syndicate Bank Home Loan amortization schedule gives a break up of your monthly EMI into interest and principal repayment. Syndicate Bank gives you a detailed amortisation schedule with the sanction letter and you can calculate the total interest outgo as well as the pace at which your loan amount will be repaid during the loan tenure.

How to read an amortization schedule

Suppose if you take a Home Loan of ₹ 30 Lakh for 15 years from Syndicate Bank at an interest rate of 6.95%. EMI calculated for this loan amount is ₹ 26,881 and the total annual EMIs to be paid annually is ₹ 3,22,573. The EMI schedule of loan for 15 years is explained below in the table –

Amortization Schedule for a Home Loan of ₹ 30 Lakh over the 15 years

Year Interest paid during the year Principal repaid during the year Total amount paid during the year (Interest + Principal) Outstanding Principal
2021 ₹ 17,375 ₹ 9,506 ₹ 26,881 ₹ 29,90,494
2022 ₹ 2,04,113 ₹ 1,18,460 ₹ 3,22,573 ₹ 28,72,034
2023 ₹ 1,95,613 ₹ 1,26,960 ₹ 3,22,573 ₹ 27,45,074
2024 ₹ 1,86,503 ₹ 1,36,070 ₹ 3,22,573 ₹ 26,09,004
2025 ₹ 1,76,738 ₹ 1,45,834 ₹ 3,22,573 ₹ 24,63,170
2026 ₹ 1,66,274 ₹ 1,56,299 ₹ 3,22,573 ₹ 23,06,871
2027 ₹ 1,55,058 ₹ 1,67,514 ₹ 3,22,573 ₹ 21,39,357
2028 ₹ 1,43,038 ₹ 1,79,535 ₹ 3,22,573 ₹ 19,59,822
2029 ₹ 1,30,155 ₹ 1,92,418 ₹ 3,22,573 ₹ 17,67,404
2030 ₹ 1,16,348 ₹ 2,06,225 ₹ 3,22,573 ₹ 15,61,179
2031 ₹ 1,01,550 ₹ 2,21,023 ₹ 3,22,573 ₹ 13,40,156
2032 ₹ 85,690 ₹ 2,36,883 ₹ 3,22,573 ₹ 11,03,273
2033 ₹ 68,691 ₹ 2,53,881 ₹ 3,22,573 ₹ 8,49,392
2034 ₹ 50,474 ₹ 2,72,099 ₹ 3,22,573 ₹ 5,77,293
2035 ₹ 30,949 ₹ 2,91,624 ₹ 3,22,573 ₹ 2,85,669
2036 ₹ 10,023 ₹ 2,85,669 ₹ 2,95,692 -₹ 0

In the above illustration, on a Syndicate Bank Home Loan of₹ 30 Lakh, taken at the lowest interest rate of 6.95, EMI paid is ₹ 26,881 and an annual total of EMIs is ₹ 3,22,573, the interest component is ₹ 2,04,795 while the principal component is ₹ 1,17,777 in year 1 of loan disbursement. You repay only 3.93% of the total principal after paying 12 EMIs during the first year.

Syndicate Bank Home Loan EMI for ₹ 10 Lakh

The following table shows Syndicate Bank Housing Loan EMI for ₹ 10,00,000 for different tenures at an interest rate of 6.95%

Loan Amount Interest rate Tenure (Year) EMI
₹ 10,00,000 6.95% 5 Years ₹ 19,778
₹ 10,00,000 6.95% 10 Years ₹ 11,585
₹ 10,00,000 6.95% 15 Years ₹ 8,960
₹ 10,00,000 6.95% 20 Years ₹ 7,723
₹ 10,00,000 6.95% 30 Years ₹ 6,619

Syndicate Bank Home Loan EMI for ₹ 20 Lakh

The following table shows Syndicate Bank Housing Loan EMI for ₹ 20,00,000 for different tenures at an interest rate of 6.95%

Loan Amount Interest rate Tenure (Year) EMI
₹ 20,00,000 6.95% 5 Years ₹ 39,555
₹ 20,00,000 6.95% 10 Years ₹ 23,170
₹ 20,00,000 6.95% 15 Years ₹ 17,921
₹ 20,00,000 6.95% 20 Years ₹ 15,446
₹ 20,00,000 6.95% 30 Years ₹ 13,239

Syndicate Bank Home Loan EMI for ₹ 30 Lakh

The following table shows Syndicate Bank Housing Loan EMI for ₹ 30,00,000 for different tenures at an interest rate of 6.95%

Loan Amount Interest rate Tenure (Year) EMI
₹ 30,00,000 6.95% 5 Years ₹ 59,333
₹ 30,00,000 6.95% 10 Years ₹ 34,755
₹ 30,00,000 6.95% 15 Years ₹ 26,881
₹ 30,00,000 6.95% 20 Years ₹ 23,169
₹ 30,00,000 6.95% 30 Years ₹ 19,858

Syndicate Bank Home Loan EMI for ₹ 50 Lakh

The following table shows Syndicate Bank Housing Loan EMI for ₹ 50,00,000 for different tenures at an interest rate of 6.95%

Loan Amount Interest rate Tenure (Year) EMI
₹ 50,00,000 6.95% 5 Years ₹ 98,888
₹ 50,00,000 6.95% 10 Years ₹ 57,925
₹ 50,00,000 6.95% 15 Years ₹ 44,802
₹ 50,00,000 6.95% 20 Years ₹ 38,615
₹ 50,00,000 6.95% 30 Years ₹ 33,097

Other Loan Calculators Offered by MyLoanCare

FAQs

Will the Syndicate Bank home loan EMI remain constant or change in future?

No, your Syndicate Bank Home Loan EMI can change if you have taken a floating rate loan and there is a change in the repo rate to which the home loan rate has been benchmarked. However, if it is a fixed rate loan, the Syndicate Bank Home Loan EMI will remain unchanged throughout the loan tenure unless you request for a change in tenure or prepay your loan amount.

What happens in case of increase or decrease in Syndicate Bank interest rate?

Syndicate Bank offers floating rate home loans only. If you take a floating rate loan from Syndicate Bank, your interest rate and hence EMI will decrease with a cut in the repo rate and increase with an increase in repo rate on the date of reset. This means that your Syndicate Bank home loan EMI can keep fluctuating during the loan tenure depending on the changes in interest rates.

Will Syndicate Bank home loan EMI change in case of prepayment?

Syndicate Bank allows prepayment at nil charges in case of floating rate home loans. When you make a prepayment, the outstanding balance of the principal amount on your Syndicate Bank home loan reduces. In this case, you may choose to either keep the EMI same and reduce the loan tenure (that is paying off the loan faster) or reduce the EMI and keep the loan tenure the same (that is paying a lesser amount every month). It is beneficial to keep the Syndicate Bank home loan EMI constant and reduce the loan tenure as you pay less interest to the bank in this option. After prepayment, you can calculate your home loan EMI using Syndicate Bank home loan calculator.

Why should I calculate Syndicate Bank loan EMI before taking a loan?

It is advised to calculate Syndicate Bank home loan EMI before taking a home loan. There are several benefits of calculating your Syndicate Bank housing loan EMI which can be done using Syndicate Bank loan calculator Syndicate Bank housing loan EMI calculator as discussed below -

  • In case EMI comes out to be more than your monthly budget, then you have the chance to apply for a lower loan amount which fits your monthly budget and make Syndicate Bank EMI affordable.
  • If you already know the EMI you have to pay each month, then you can plan your spends accordingly
  • Based on the EMI amount, you can opt for making a prepayment of your home loan in the future when you have a surplus amount. You can calculate the aftermaths of prepayment using home loan emi calculator Syndicate Bank.

What is the EMI for home loan in Syndicate Bank?

The Syndicate Bank EMI will vary based on loan amount, tenure, rate of interest and can be calculated using Syndicate Bank home loan calculator. Based on the lowest rate of 6.95% and maximum tenure of 30 years, the Syndicate Bank home loan EMI for different loan amount will be:

Loan amount EMI
₹ 10 Lakh ₹ 6,619
₹ 12 Lakh ₹ 7,943
₹ 15 Lakh ₹ 9,929
₹ 30 Lakh ₹ 19,858
₹ 50 Lakh ₹ 33,097

You can compare Syndicate Bank home loan EMI for different loan amounts and tenure and then choose the loan amount based on your repayment capacity.

How accurate is a Syndicate Bank Housing Loan EMI calculator?

Online Syndicate Bank housing loan calculators use technology to calculate the results and hence, if the data entered by you is correct the results should be 100% accurate.The calculator works on a mathematical algorithm based on the formula: P*r* (1+r)^n/([(1+r)^n]-1). Here, P is the loan amount, r is the rate of interest per month and n is the tenure in month. The Syndicate Bank home loan emi calculator is far better than manual calculations , as chances of error are less.

How to pay your Syndicate Bank Home loan EMI Online?

To pay the EMI of Syndicate Bank home loan, you can log in to your net banking account as provided during the time of availing the loan and pay using your savings account or debit/credit card. You can also visit the branch and submit the cheque of your EMI.

How is Syndicate Bank home loan EMI calculated?

The Syndicate Bank Home loan EMI calculation formula is as follows:
E = [P x R x (1+R)^N]/[(1+R)^N-1] where
‘E’ means Equated monthly instalments
‘P’ means the principal amount
‘N’ is the number of monthly instalments
‘R’ is the interest rate per month.

What is the EMI for ₹ 10 Lakh home loan in Syndicate Bank?

You can use a 10 lakh home loan emi calculator Syndicate Bank, to determine different EMI for different tenures. Let`s understand with examples:-

Loan amount Interest rate Tenure EMI
₹ 10 Lakh 6.95% 10 years loan ₹ 11,585
₹ 10 Lakh 6.95% 15 years loan ₹ 8,960
₹ 10 Lakh 6.95% 20 years loan ₹ 7,723

What is the EMI for ₹ 20 Lakh home loan in Syndicate Bank?

You can use a 20 lakh home loanemi calculator Syndicate Bank, to determine different EMI for different tenures. Let`s understand with examples:-

Loan amount Interest rate Tenure EMI
₹ 20 Lakh 6.95% 10 years loan ₹ 23,170
₹ 20 Lakh 6.95% 15 years loan ₹ 17,921
₹ 20 Lakh 6.95% 20 years loan ₹ 15,446

What is the EMI for ₹ 30 Lakh home loan in Syndicate Bank?

You can use a 30 lakh home loan emi calculator Syndicate Bank, to determine different EMI for different tenures. Let`s understand with examples:-

Loan amount Interest rate Tenure EMI
₹ 30 Lakh 6.95% 10 years loan ₹ 34,755
₹ 30 Lakh 6.95% 15 years loan ₹ 26,881
₹ 30 Lakh 6.95% 20 years loan ₹ 23,169

What is the EMI for ₹ 50 Lakh home loan in Syndicate Bank?

You can use a 50 lakh home loan emi calculator Syndicate Bank, to determine different EMI for different tenures. Let`s understand with examples:-

Loan amount Interest rate Tenure EMI
₹ 50 Lakh 6.95% 10 years loan ₹ 57,925
₹ 50 Lakh 6.95% 15 years loan ₹ 44,802
₹ 50 Lakh 6.95% 20 years loan ₹ 38,615

What is the EMI for a 25 lakhs home loan in Syndicate Bank and how is it calculated?

EMI for ₹ 25 lakhs will be as follows for three different tenure, as per 25 lakh home loan emi calculator Syndicate Bank:--

Loan amount Interest rate Tenure EMI
₹ 25 Lakh 6.95% 10 years loan ₹ 28,963
₹ 25 Lakh 6.95% 15 years loan ₹ 22,401
₹ 25 Lakh 6.95% 20 years loan ₹ 19,308

What is the EMI for 12 lakhs home loan in Syndicate Bank?

A borrower will pay ₹ 12,309 if he/she takes a loan for 12 years at an interest rate of 6.95%. The 12 lakh home loan emi Syndicate Bank may vary across Syndicate Bank home loan interest rate.

Compare Home Loan EMI of All Banks


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Syndicate Home Loan News - Dec 2021
  • 2021-07-15 : Syndicate Bank merged with Canara Bank - IFSC and SWIFT code changed
    After the merger of Syndicate and Canara Bank, the IFSC codes for erstwhile Syndicate Bank customers will be changed from July 1 this year. Existing Syndicate Bank customers will have to use their new IFSC codes for online transactions through NEFT, RTGS or IMPS routes.
  • 2020-02-12 : Syndicate Bank reported a Q3 of Rs. 435 crores
    Syndicate Bank Q3 profit soared to Rs. 434 crore for the current financial year. Total income grew to Rs. 6,316 crores driven partially by retails loans like Home Loan, Personal Loan and Busines Loan. Further, the gross bad loans came down to 11.33% for the quarter ending December.
  • 2019-12-19 : Syndicate bank reduced its home loan interest rate.
    Syndicate Bank has reduced its home loan interest rate from 8.15% to 8%, which is 10bps lower than the industry average. The industry average of home loans is 8.1%. This new interest rate will be available for loans up to 50 lakhs. They are applicable from 1st January 2020.
  • 2019-08-22 : Syndicate Bank revises home loan rates
    Recently, syndicate bank linked its home loan lending rates with RBI’s repo rate. As per the revision, the latest repo linked rate on a home loan is 8.30%. This is inclusive of the repo rate, and an additional interest charged at 2.90%.
  • 2019-08-13 : Syndicate Bank reduces MCLR rates by 25 bps making it home loans cheaper
    Post announcement of repo rate cut by the RBI by 35 bps, Syndicate Bank also has slashed its Marginal Cost of Funds Based Lending Rate (MCLR) by 25 basis points. The move is supposed to make retail loans like home loans and mortgage loans cheaper. The lender has reduced a one-year MCLR rate to 8.35%. Earlier the rate was 8.60%. For one-month and three months, the rate has been revised to 8.00% and 8.20% respectively. The rates are effective from August 12, 2019.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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