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Syndicate Loan Against Property EMI Calculator

Syndicate Bank Mortgage Loan EMI 2021

Last Updated 12th Oct 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.

  • Use Syndicate Bank mortgage loan calculator to evaluate your EMI before applying for a loan.
  • Check Syndicate Bank property loan EMI for different tenures at the current rate of 9.95%
Loan Amount5 Year Loan7 Year loan10 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.

Apply for Loan Against Property @ 6.90%* Get upto ₹ 1,000* Cashback
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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?

  • Calculate the EMI at Different Tenures : With Syndicate Bank LAP EMI Calculator, you can compare the EMI on your loan against property with different loan tenures and loan amount. However, you must check the interest rate on Syndicate Bank loan against property to calculate the EMI. As per the current rates, Syndicate Bank offers the lowest EMI per lakh of ₹ 1,319 at 9.95 %
  • Compare Syndicate Bank LAP EMI : You can also get a precise estimate on your loan against property compared to other banks at the same loan amount and tenure by using Syndicate Bank loan EMI Calculator. On the basis of Syndicate Bank Loan against property EMI, you can choose the most affordable offer.
  • Get Detailed Amortisation Schedule : Syndicate Bank Loan against EMI Calculator helps you to calculate the division of total EMIs into interest and principal repayment at different periods throughout the loan tenure.
  • Calculate the Outstanding Balance : Finally, you can also use Syndicate Bank EMI Calculator to calculate the remaining loan tenure for the outstanding balance at any period of the loan tenure. Thus, it can help you reduce your loan tenure by prepayment or foreclosure or to avail loan at a lower rate with balance trasnfer.

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 years15 years20 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.

Loan Amount

If you apply for a higher loan amount, you will have to pay a higher EMI on loan against property. You can avail of Syndicate Bank loan against property for an amount ranging between ₹ 10,00,000 to ₹ 5,00,00,000.

Interest Rate

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.

Loan Tenure

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

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 schedule

Suppose 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:

  • Typically, the Loan Against Property EMI remains unchanged unless the customer requests for a change and the same is approved by Syndicate Bank subject to its eligibility conditions (note that nominal charges may apply for effecting a customer initiated change in EMI).
  • In case the floating rate of interest on your loan increases, Syndicate Bank will typically keep the EMI constant but increase the loan tenure. So, you will pay the same EMI but for a longer duration. In case, the interest rates increase to the extent that the revised loan tenure is more than the maximum permissible by Syndicate Bank, the bank may increase your EMI amount.

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:

  • When you make a prepayment, the outstanding principal amount on your property loan reduces. You may choose to either keep the EMI the same and reduce the loan tenure (enabling you to pay off the loan faster) or reduce the EMI and keep the loan tenure unchanged (thus paying a lesser amount every month). It is beneficial to keep the EMI constant and reduce the loan tenure as you pay less interest to the bank in this option.
  • Note that Syndicate Bank may levy prepayment charges except on floating rate property loans sanctioned to individuals.

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:

  • EMI is calculated using a combination of the loan amount, loan tenure and interest rate.
  • Syndicate Bank mortgage loan calculator calculates EMI on a reducing balance basis and assuming payment of EMI in arrears (that is interest is charged for the month preceding the date of EMI payment on EMI date) and not in advance.

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.

  • 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 ₹ 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


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Syndicate Loan Against Property 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.
  • 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.
*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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