Syndicate Loan Against Property EMI Calculator
Syndicate Bank Mortgage Loan EMI 2021
Get monthly EMI as low as ₹ 1,319 per lakh on Syndicate Bank loan against property. Mortgage loan EMI in Syndicate Bank depends upon the type of property (residential, commercial, industrial), occupation (businessmen, self employed, salaried), loan amount, loan tenure and interest rate. Check Best Offers.
| Loan Amount | 5 Year Loan | 7 Year loan | 10 Year loan |
|---|---|---|---|
| ₹ 20 Lakh | ₹ 42,445 | ₹ 33,151 | ₹ 26,375 |
| ₹ 30 Lakh | ₹ 63,667 | ₹ 49,726 | ₹ 39,562 |
| ₹ 50 Lakh | ₹ 1,06,112 | ₹ 82,877 | ₹ 65,937 |
Syndicate Bank has merged into Canara Bank on April 1, 2020. The interest rates of Canara Bank will now be applicable on Syndicate Bank Loan Against Property.
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Loan Against Property EMI Calculator Syndicate Bank
You can calculate your Syndicate Bank loan against property EMI in advance to plan your expenses using a Syndicate Bank mortgage loan calculator. Syndicate Bank loan against property EMI calculator is an online tool that gives accurate results without hassle.
Why should you use Syndicate Bank Loan Against Property EMI Calculator?
Syndicate Bank Mortgage Loan EMI Calculator to estimate the EMI that fits your budget
To calculate the EMI against Syndicate Bank EMI loan against property at different rates and tenure, enter different loan amounts and tenure at the eligible interest rate on the Syndicate Bank Loan against property EMI calculator. The table below shows the Syndicate Bank EMI calculation at the various combinations of loan amount and years at the lowest rate of 9.95%.
Syndicate Bank Loan against property EMI is calculated for different loan amounts and tenures at 9.95% interest rate
| Loan Tenure | |||
|---|---|---|---|
| Loan Amount (Rs.) | 10 years | 15 years | 20 years |
| EMI on ₹ 15,00,000 | ₹ 19,781 | ₹ 16,073 | ₹ 14,426 |
| EMI on ₹ 25,00,000 | ₹ 32,968 | ₹ 26,789 | ₹ 24,043 |
| EMI on ₹ 40,00,000 | ₹ 52,750 | ₹ 42,862 | ₹ 38,468 |
| EMI on ₹ 60,00,000 | ₹ 79,124 | ₹ 64,293 | ₹ 57,703 |
Factors Affecting Syndicate Bank Property Loan EMI
You can calculate Syndicate Bank EMI for your loan against property using an online LAP EMI Calculator, which considers factors such as loan amount, rate of interest and the tenure for which you are planning to avail the loan.
If you apply for a higher loan amount, you will have to pay a higher EMI on
A higher interest rate increases your Syndicate Bank loan against property EMI, increasing the total cost of the loan. As per the current rates, Syndicate Bank provides loan against property at rates starting at 9.95%. Before applying for a loan, you must compare LAP rates and calculate EMI online using Syndicate Bank loan against property loan calculator.
Your EMI will be lower if you avail mortgage loan for a maximum tenure of 10 years, and similarly, you will have to pay a higher EMI if your tenure is shorter.
Comparison of Syndicate Bank Loan Against Property 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 | 9.95% | ₹ 13,187 | ₹ 39,562 | ₹ 65,937 |
| Canara Bank | 9.95% | ₹ 16,575 | ₹ 49,726 | ₹ 82,877 |
| Syndicate Bank | 9.95% | ₹ 13,187 | ₹ 39,562 | ₹ 65,937 |
| Indiabulls | 9.99% | ₹ 13,210 | ₹ 39,629 | ₹ 66,048 |
| Federal Bank | 10.10% | ₹ 13,271 | ₹ 39,812 | ₹ 66,353 |
| Standard Chartered Bank | 10.10% | ₹ 10,807 | ₹ 32,422 | ₹ 54,037 |
| South Indian Bank | 10.20% | ₹ 12,067 | ₹ 36,200 | ₹ 60,333 |
| Indian Bank | 10.50% | ₹ 16,861 | ₹ 50,582 | ₹ 84,303 |
| Dhan Laxmi Bank | 10.60% | ₹ 11,116 | ₹ 33,348 | ₹ 55,580 |
| Andhra Bank | 10.75% | ₹ 13,634 | ₹ 40,902 | ₹ 68,169 |
| United Bank of India | 10.75% | ₹ 16,991 | ₹ 50,974 | ₹ 84,956 |
| Karnataka Bank | 10.89% | ₹ 11,297 | ₹ 33,891 | ₹ 56,485 |
| OBC | 10.95% | ₹ 13,747 | ₹ 41,240 | ₹ 68,734 |
| Cholamandalam | 11.00% | ₹ 11,366 | ₹ 34,098 | ₹ 56,830 |
| Lakshmi Vilas Bank | 11.00% | ₹ 13,775 | ₹ 41,325 | ₹ 68,875 |
| Corporation Bank | 11.35% | ₹ 13,974 | ₹ 41,922 | ₹ 69,869 |
| Piramal Housing Finance | 11.50% | ₹ 10,664 | ₹ 31,993 | ₹ 53,321 |
| Central Bank of India | 13.75% | ₹ 15,377 | ₹ 46,130 | ₹ 76,883 |
| Allahabad Bank | 14.15% | ₹ 16,422 | ₹ 49,265 | ₹ 82,108 |
Syndicate Loan Against Property Amortization Calculator
The amortization schedule breaks the month-wise calculation of principal and interest amount you will be paying in the form of your EMIs. In simple words, with each month’s EMI, the share of interest and the principal amount keeps changing, while the former keeps on reducing the later keep on increasing. That’s why if you decide to prepay your loan in the first few years you will find out that you have paid a very small proportion of the principal sum. Let us understand this better with the help of an illustration.
Illustration: How to read an amortization scheduleSuppose you borrow a Loan Against Property of ₹ 25 Lakh from Syndicate for 5 years at an interest rate of 9.95%, the EMI calculated for this loan amount would be ₹ 53,056 and the total annual EMIs to be paid annually is ₹ 6,36,674. The Syndicate Loan Against Property EMI schedule for 5 years is explained below in the table –
Amortization Schedule for a Loan Against Property of ₹ 25 Lakh over the 5 years
| Year | Interest paid during the year | Principal repaid during the year | Total amount paid during the year (Interest + Principal) | Outstanding Principal |
|---|---|---|---|---|
| 2021 | ₹ 20,729 | ₹ 32,327 | ₹ 53,056 | ₹ 24,67,673 |
| 2022 | ₹ 2,27,194 | ₹ 4,09,480 | ₹ 6,36,674 | ₹ 20,58,193 |
| 2023 | ₹ 1,84,540 | ₹ 4,52,134 | ₹ 6,36,674 | ₹ 16,06,059 |
| 2024 | ₹ 1,37,443 | ₹ 4,99,230 | ₹ 6,36,674 | ₹ 11,06,829 |
| 2025 | ₹ 85,441 | ₹ 5,51,233 | ₹ 6,36,674 | ₹ 5,55,596 |
| 2026 | ₹ 28,021 | ₹ 5,55,596 | ₹ 5,83,617 | -₹ 0 |
Each Syndicate Loan Against Property EMI consists of both amounts of interest as well as the principal repaid. The interest component of EMI goes down while the principal component goes up in both cases while doing the calculation.
As you assess the amortization table, you will find that by the end of 1st year 63.79% of your EMI has been used to repay the principal amount. This means that the remaining 36.21% of the EMI went into interest payment. Thus, you end up paying only 16.24% of the loan amount of ₹ 25 Lakh after paying 12 EMIs in the first year to Syndicate.
In year 5, the interest component of Syndicate EMI is around 5.19%, while the principal component is around 94.81%. Upto 5 years, you have cumulatively repaid 100% of your total Syndicate Loan Against Property.
Syndicate Bank Loan Against Property EMI for ₹ 10 Lakh
The following table shows EMI on Syndicate Bank loan against property for ₹ 10,00,000 for different tenures at an interest rate of 9.95%
| Loan Amount | Interest rate | Tenure (Year) | EMI |
|---|---|---|---|
| ₹ 10,00,000 | 9.95% | 5 Years | ₹ 21,222 |
| ₹ 10,00,000 | 9.95% | 10 Years | ₹ 13,187 |
| ₹ 10,00,000 | 9.95% | 12 Years | ₹ 11,922 |
| ₹ 10,00,000 | 9.95% | 10 Years | ₹ 13,187 |
Syndicate Bank Loan Against Property EMI for ₹ 25 Lakh
The following table shows Syndicate Bank loan against property EMI for ₹ 25,00,000 for different tenures at an interest rate of 9.95%
| Loan Amount | Interest rate | Tenure (Year) | EMI |
|---|---|---|---|
| ₹ 25,00,000 | 9.95% | 5 Years | ₹ 53,056 |
| ₹ 25,00,000 | 9.95% | 10 Years | ₹ 32,968 |
| ₹ 25,00,000 | 9.95% | 12 Years | ₹ 29,805 |
| ₹ 25,00,000 | 9.95% | 10 Years | ₹ 32,968 |
Syndicate Bank Mortgage Loan EMI for ₹ 30 Lakh
The following table shows Syndicate Bank loan against property EMI for ₹ 30,00,000 for different tenures at an interest rate of 9.95%
| Loan Amount | Interest rate | Tenure (Year) | EMI |
|---|---|---|---|
| ₹ 30,00,000 | 9.95% | 5 Years | ₹ 63,667 |
| ₹ 30,00,000 | 9.95% | 10 Years | ₹ 39,562 |
| ₹ 30,00,000 | 9.95% | 12 Years | ₹ 35,766 |
| ₹ 30,00,000 | 9.95% | 10 Years | ₹ 39,562 |
FAQs
✅Will the Syndicate Bank Loan Against Property EMI remain constant or change in future? What happens in case of increase or decrease in interest rate?
Syndicate Bank Loan against property may change as per the borrower’s financial ability or in case of floating rate of interests offered by the lender. The consequences of the change in Syndicate Bank LAP EMI are listed as follows:
✅Will Syndicate Bank Loan Against Property EMI change in case of prepayment?
Similar to all loans, Syndicate Bank Loan against property also offers the prepayment facility to the loan borrowers. Prepayment of loan leads to certain changes as listed below:
✅How does EMI calculator calculate Syndicate Bank Loan Against Property EMI?
Syndicate Bank Loan against property emi calculator is a reliable and time-saving tool to calculate the LAP EMI. It functions as follows:
✅How much loan can I get against my property from Syndicate Bank?
You can avail of a maximum loan of ₹ 5,00,00,000, depending on the value of the property. However, the loan amount cannot be more than 60% of the property value. Syndicate Bank assesses the property before approving your mortgage loan application.
✅How to pay your Syndicate Bank Mortgage loan EMI Online?
You can pay the Syndicate Bank mortgage loan EMI by logging in to your net banking account as provided when availing of the loan using your savings account or debit/credit card. You can also visit the Syndicate Bank branch to submit the cheque of your EMI.
✅What is the EMI for ₹ 10 Lakh mortgage loan in Syndicate Bank?
To determine different EMI for different tenures, you can use a 10 lakh loan against property EMI Calculator. Consider this example for a better understanding.
| Loan amount | Interest rate | Tenure | EMI |
|---|---|---|---|
| ₹ 10 Lakh | 9.95% | 5 years | ₹ 21,222 |
| ₹ 10 Lakh | 9.95% | 10 years | ₹ 13,187 |
| ₹ 10 Lakh | 9.95% | 12 years | ₹ 11,922 |
| ₹ 10 Lakh | 9.95% | 10 years | ₹ 13,187 |
✅How is Syndicate Bank loan against property EMI calculated?
You can calculate Syndicate Bank LAP EMI using the mathematical formula mentioned below or using an online Syndicate Bank LAP EMI Calculator.
✅What is the EMI for ₹ 20 Lakh Loan against property in Syndicate Bank?
To determine different Loan against property EMI Syndicate Bank for different tenures, you can use a 20 lakh loan against property Calculator, as reflected in the table below:
| Loan amount | Interest rate | Tenure | EMI |
|---|---|---|---|
| ₹ 20 Lakh | 9.95% | 5 years | ₹ 42,445 |
| ₹ 20 Lakh | 9.95% | 10 years | ₹ 26,375 |
| ₹ 20 Lakh | 9.95% | 12 years | ₹ 23,844 |
| ₹ 20 Lakh | 9.95% | 10 years | ₹ 26,375 |
✅What is the EMI for ₹ 30 Lakh mortgage loan in Syndicate Bank?
To determine different Syndicate Bank EMI for different tenures, you can use a 30 lakh loan against property EMI Calculator.
| Loan amount | Interest rate | Tenure | EMI |
|---|---|---|---|
| ₹ 30 Lakh | 9.95% | 5 years | ₹ 63,667 |
| ₹ 30 Lakh | 9.95% | 10 years | ₹ 39,562 |
| ₹ 30 Lakh | 9.95% | 12 years | ₹ 35,766 |
| ₹ 30 Lakh | 9.95% | 10 years | ₹ 39,562 |
✅What is the EMI for ₹ 50 Lakh mortgage loan in Syndicate Bank?
To estimate Syndicate Bank EMI for different loans against property tenures, you can use a 50 lakh mortgage Calculator. The results are mentioned as follows:
| Loan amount | Interest rate | Tenure | EMI |
|---|---|---|---|
| ₹ 50 Lakh | 9.95% | 5 years | ₹ 1,06,112 |
| ₹ 50 Lakh | 9.95% | 10 years | ₹ 65,937 |
| ₹ 50 Lakh | 9.95% | 12 years | ₹ 59,610 |
| ₹ 50 Lakh | 9.95% | 10 years | ₹ 65,937 |
Compare Loan Against Property EMI of All Banks
- SBI
- HDFC
- ICICI Bank
- Axis Bank
- Citibank
- PNB Housing Finance
- LIC Housing Finance
- Kotak Bank
- Yes Bank
- Bajaj Home Finance
- IDFC First Bank
- RBL Bank
- Syndicate Bank
- IDBI Bank
- IndusInd Bank
- Karur Vysya Bank
- HSBC Bank
- Standard Chartered Bank
- Edelweiss
- Corporation Bank
- Indian Bank
- Indian Overseas Bank
- OBC
- PNB
- HDFC Bank
- Indiabulls
- DCB Bank
- Dhan Laxmi Bank
- Karnataka Bank
- South Indian Bank
- Federal Bank
- Jammu And Kashmir Bank
- Lakshmi Vilas Bank
- Allahabad Bank
- Andhra Bank
- Bank of India
- Canara Bank
- Central Bank of India
- Punjab and Sind Bank
- UCO Bank
- Union Bank of India
- United Bank of India
- DBS Bank
- India Shelters
- Piramal Housing Finance
- Cholamandalam
- 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. - 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. - 2019-07-01 : Syndicate Bank plans to raise up to Rs. 5,000 crore equity capital
Public sector lender, Syndicate Bank is planning to raise up to Rs. 5,000 cr equity capital through various modes, including qualified institutional placements and preferential issuance of shares. The lender will utilize the raised funds to augment its business growth and to improve its overall retail loan portfolio, including home loans and mortgage loans. - 2019-05-24 : Syndicate Bank revises MCLR rates by 5 basis points
Syndicate Bank has revised its Marginal Cost of Funds Based Lending Rate (MCLR) rates by 5 basis points. The move is supposed to make retail loans like housing loans and mortgage loans cheaper. Now for overnight and one month, the rate stands at 8.20% and 8.30% from earlier rate of 8.15% and 8.25% respectively. For 3 months, the rate has been revised to 8.45% from 8.40%. While for 1 year the rate stands at 8.65% from earlier rate of 8.60%. The revised rates are effective from May 15, 2019. - 2019-04-26 : Syndicate Bank cuts MCLR by 5 basis points
Syndicate Bank has reduced its Marginal Cost of Funds Based Lending Rate (MCLR) by 5 basis points across all tenors for the month of April. The move is supposed to make home loans and mortgage loans cheaper. Now for overnight, the rate stands at 8.15% as compared to 8.20% earlier and for 1 month, the rate has been revised to 8.25% from 8.30%. While for 1 year the rate now stands at 8.60% from 8.65% earlier. The revised rates are effective from April 15, 2019.
