Syndicate Home Loan Interest Rate - Sep 2017

Syndicate Bank Home Loan

Syndicate Bank offers housing loan to people who want money to purchase a house, home renovation and home extension etc. The house itself acts as a security to the loan. Taking a loan from Syndicate Bank has the following benefits:

Syndicate Bank Home Loan Interest Rates

In addition to its regular loan products, bank also offers customized loans for special categories of borrowers. Bank offers lower rates to ladies borrowers. Click on the details to get slabwise interest rates.

Syndicate Bank Floating Rate Home Loans

Syndicate Bank home loan interest rate depends upon

• Loan amount: Housing loan rate in Syndicate Bank depends upon the loan amount you apply for. Higher the loan amount, lesser will be the rate
• Your Salary: Income helps you in identifying your rate of interest. Bank's rate varies with your monthly income. Higher the income, lesser will be the rate
• Type of loan opted for: Syndicate Bank also offers differential rates for women borrowers and also under their fixed and floating rate schemes. The rate of interest may be higher or lower under their special or popular loan product offers.

Interest Rate and its impact on Syndicate Bank Home Loan Eligibility

Syndicate Bank has detailed criteria to determine a potential borrower’s eligibility for housing loans. These eligibility criteria determine the loan amount you can avail. Interest rate offered by Syndicate Bank also impacts the amount of loan you can avail from Syndicate Bank.
Some of the key eligibility criteria are summarized in the table below:

Home Loan Charges Applicable (Other than Interest)

In addition to interest rates, home 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 house loan with Nil prepayment charges
• Processing Fee - Syndicate Bank charges a processing fee of 0.13% of loan amount Minimum Rs. 500 Maximum Rs. 5,000 with applicable tax
• Other Charges - Bank also charges technical and legal charges which are explained to the customer during the loan process.

Home Loan Products and Rates

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:

Syndicate Bank Home Loan Eligibility Calculator

Syndicate Bank Home Loan Eligibility is the amount of loan you can avail based on an assessment of your repayment capacity as well as the value of property. It is important to calculate eligibility for housing loan from Syndicate Bank. You can use eligibility calculator to get a fairly accurate estimate of your potential eligibility subject to the information provided by you.

SBI Home Loan EMI and Interest Calculator

Further, you can also use the Syndicate Bank Home Loan EMI Calculator online to calculate your house loan EMI. EMI is a fixed amount that you pay each month towards the repayment of yourloan till the end of tenure

• EMI calculator of Syndicate Bank helps you to calculate your monthly EMI at different rate of interest and also check and compare lowest EMI per lakh on home loan
• You can plan your loan amount according to your monthly repayment capacity because higher the loan amount, higher will be the EMI
• Rate of interest is an important factor which affects your EMI. Higher the rate, higher will be the EMI. You can also estimate the interest amount you pay over the tenure of the loan at various loan tenure as well as interest rates
• Loan tenure matters equally as higher tenure reduces your EMI

What are the benefits of calculating Syndicate Bank Housing Loan EMI?

• EMI calculator helps you to calculate your monthly EMI at different rate of interest
• Syndicate Bank Housing Loan 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

Housing Loan Syndicate documents required

For Salaried employee

• Filled up loan application form
• 2 Passport Size Photo
• Identity Proof - Passport/ Driving Licence/ Voter ID/ PAN
• Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
• Income Documents – 6 months payslip, 2 years Form 16, 6 months bank statement showing salary credit and any EMI debit

For Self-Employed

• Filled up loan application form
• 2 Passport Size Photo
• Identity Proof - Passport/ Driving License/ Voter ID/ PAN
• Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
• Business proof such as VAT/ service tax registration, incorporation details in case of companies, business address proof, profit and loss account and balance sheets certified by CA, copy of partnership deed and proof of business existence and business profile

Frequently Asked Questions

Syndicate Home Loan in India