Syndicate Bank Home Loan Interest Rate at 8.40% to 11.75%
| INTEREST RATE | 8.40% to 11.75% |
| LOAN TENURE | 30 Years |
| PROCESSING FEE | 0.50% of Loan Amount (subject to Min Rs 1,500 and Max. Rs 10,000) |
| GUARANTOR REQUIRED | Please Contact Bank Branch |
| PRE CLOSURE CHARGES | Nil for floating rate loans |
Calculate Syndicate Bank Home Loan EMI Calculate EMI Now
About Syndicate Bank
Syndicate Bank is a public sector bank in india. Syndicate Bank was founded on Oct. 20, 1925. It provides all the financial services to its customers like saving deposit, fixed deposit, recurring deposit, home loans, personal loan, car loan, education loan, gold loan, PPF account, lockers, netbanking, mobile banking, RTGS, NEFT, IMPS, E-Wallet, Atal Pension Yojana, Pradhan Mantri Jandhan Yojana, Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana and many more.
Find details about Syndicate Bank which includes Syndicate Bank Official Website, Syndicate Bank ATMs accross the India, Syndicate Bank Branches accross the India, Syndicate Bank Contact Numbers, Syndicate Bank official EmailID, Syndicate Bank Headquarter and Syndicate Bank Headquarter Address. Find Syndicate Bank Home loan purpose, Eligibility, Margin, Repayment of Home Loan ,Security, Document Required for Home Loan from below.
Why Syndicate Bank Home Loan?
- Syndicate Bank provides a range of Home Loan Schemes designed for different needs of customers
- Interest Rate is very competitive and affordable
- Minimal Documentation
- It provides Flexible Repayment Options to the borrowers
- Easy and fast approval & disbursal of home loans
- Has dedicated team of well-experienced employees which also offer personalised service
- 24/7 customer care service of Syndicate Bank offers timely assistance to the customers
Syndicate Bank Home Loan Purpose
- Purchase of a ready built house | flat.
- Construction of house | flat.
- Purchase of a site and construction of a house thereon. However, loan for the purchase of only site shall not be considered.
- For undertaking repairs, renovation, upgradation, creation of additional amenities with a ceiling of Rs. 15.00 Lacs in case of repairs & renovations.
- For acquiring second house|flat where the borrower is already having a House|flat with or without loan.
- For taking over of the HL liability from all Public Sector Banks|Private Sector Banks, NBFCs rated externally as A and above after ensuring that assessment by the NBFCs is acceptable and confirms to Banks policy guidelines.
Syndicate Bank Home Loan Eligibility
- The applicant must be an Indian citizen or a fully documented NRI. He, essentially, must be a Person of Indian Origin (PIO).
- The applicant's age must be in the range of 18 years and 70 years at the time of loan maturity.
- The applicant must be salaried or self-employed with a regular income.
- The applicant must earn more than the minimum required income.
Syndicate Bank Home Loan Document Required
- Duly filled and signed application form with photograph
- Identity Proof- Aadhar Card, PAN Card, Passport, Driving License, Voter id card, ID-card issued by Government
- Address Proof - Aadhar Card, Passport, Driving License, Voter id card, Electricity/ Telephone/ Post-Paid Mobile bill, Bank statement
- Age Proof - Passport, Birth Certificate, PAN card, Driving License, Voter id card, Employee ID card (only for PSU/ Government employees), School/ College leaving certificate
- Form 16
- Latest 6 months salary slips for salaried persons
- Bank Statement of last 6 months
- Income Tax Returns (ITR) of last 3 years
- Last 3 years CA Certified or Audited Balance Sheet and Profit & Loss Account
- Processing fee Cheque
- Copies of the title documents of the property and the approved plan
- For Construction/ Renovation case, cost estimate from the Architect
Tax Benefits of availing Syndicate Bank Home Loan
There are two types of tax benefits associated with home loan for Resident Indians:
Repayment of the Principal Amount: One can get a Tax rebate under section 80C of the Income Tax Act on whole amount repaid by him in a financial year, maximum upto Rs. 1,50,000/- each financial year (Increased from 1 Lakh to Rs. 1.5 Lakh in Budget 2014).
Repayment of the Interest on Home Loan: Tax Benefit on Home Loan for payment of Interest is allowed as a deduction under Section 24(1) of the Income Tax Act. One is eligible for a Tax Rebate of maximum of Rs. 2 lakh per financial year for home loan interest paid by him/her during that financial year.
Syndicate Bank Home Loan Amount
4 years of gross salary to salaried individuals. 4 years' gross annual income to individuals engaged in business or to self-employed persons. Selectively loan upto 5 years' gross salary|income also permitted Rs.15.00 lacs for repairs | renovations.Margin
10% to 25% of the loan amountSyndicate Bank Home Loan Repayment
Maximum upto 30 years or borrower attaining age of 70 years whichever is earlierSecurity
Mortgage of House | FlatIn Case of Prepayment of Syndicate Bank Home Loan, will EMI change?
One can pre-pay Syndicate Bank Home Loan without any prepayment charges as it allows prepayment at nil charges in case of floating rate home loans. If the borrower makes a prepayment, the outstanding balance of principal amount of his home loan reduces. Then in that case he has following 2 options:
- He can continue with the existing and reduce the loan tenure
- He can reduce the EMI and keep the loan tenure the same
Out of above 2 options, first option is more beneficial for the borrower as he pay less interest to the bank as the pay off home loan will be faster.
How to reduce your Home Loan EMI?
- Negotiate with your banker on lower interest rate
- Apply for longer tenure
- Give maximum amount as down payment
- Pre-pay loan amount
- Switch to another bank/ FI offering lower interest rate
Contact details of Syndicate Bank, Syndicate Bank SMS balance check number SMS banking, Syndicate Bank mobile banking, Syndicate Bank toll free number,Syndicate Bank toll free number 24*7, Syndicate Bank miss call number.
- MISSED CALL NUMBERS - 09015734734, 09015613613
- CUSTOMER CARE NUMBERS - 18004250018, 18001030018, 18002083333, 180030113333
- CONTACT NUMBERS - 080- 22221581/ 582/ 0490/ 0491/1788/ 1789/ 1790/ 1984/ 1985/ 1986
Syndicate Bank Contact Details
- BANK OFFICIAL WEBSITE - https://www.canarabank.com
- CONTACT NUMBERS - 080- 22221581/ 582/ 0490/ 0491/1788/ 1789/ 1790/ 1984/ 1985/ 1986
- EMAIL ID - [email protected]
- MISSED CALL NO. - 09015734734, 09015613613
- CUSTOMER CARE NO. - 18004250018, 18001030018, 18002083333, 180030113333
- TOTAL BRANCHES - 3552
- TOTAL ATMS - 3427
- HEADQUARTER - Manipal
- BANK ADDRESS - Baroda Bhavan 7th Floor,R.C. Dutt Road, Vadodara-390 007, (Gujarat) India.
Syndicate Bank Home Loan FAQs Home Loan Document Required
