Syndicate Bank offers home loan interest rates start from 8.75% per year irrespective of tenure and amount of the loan. various kinds of loans to its borrowers and housing loans are one of its variants. Apply for a housing loan online and take your first step towards your dream home.
Why should you choose a Home Loan from the Syndicate Bank?
- Syndicate Bank is a public sector major commercial bank of India with total assets of 4869 crores. It has 3552 branches and is headquartered in Manipal.
- It provides for fixed deposit, recurring deposit, home loans, personal loan, car loan, education loan, gold loan, PPF account, lockers.
- It provides Construction or acquisition of a house/flat or acquiring a site for building a house.
- You can get the advance for development, securing, or in any event, expanding your current home, and it is sufficiently adaptable to adjust to the changing practices.
Syndicate Bank Home Loan Types
- Home Purchase Loans.
Banks generally offer 80 to 85% of the market estimation of the property as advance. Applicants can buy new homes or old homes that have entered the housing market as resale.
- Land Purchase Loans.
This advance can’t be utilized for purchasing any horticultural plot of land. It gives around 80 to 85% of the cost of the property. Land buy advances are offered simply up to 70% of the expense of the land.
- Home Construction Loan.
Home development advances are accommodated as the sole motivation behind building a home on generally accessible real estate. The credit sum accommodated this is regularly 85% to 90% of the development cost.
- Home Improvement Loan.
It could incorporate paintwork, new deck work, plumbing, or outside height works covered under home improvement advances.
- Home expansion loans
It incorporates growing a solitary room, adding extra rooms to building another floor above the existing house. These undertakings could differ from Rs. Twenty thousand to more than Rs.10 lakhs dependent on the venture.
Features and benefits of Syndicate Bank Home Loan
- Syndicate Bank offers Home Loans with loan tenure up to 30 years, and the lowest EMI
- You can get the advance for development, securing, or in any event, expanding your current home.
- NRI Applicants have a good choice of making additions, renovations, and extensions to existing house Loans available for NRIs to acquire a house or for self-occupation.
- You will get Tax benefit under Section 24 and 80C of the Income Tax Act and avail good attractive interest rates.
- It offers can be availed for purchase of residential land and minimal documentation with Quick Approval
The Eligibility Criteria, Documents, Interest rate to all applicants for Syndicate Bank Home Loan.
- The applicant’s nationality should be Indian and must be between the age group of 18 years to 65 years.
- Borrowers have working experience and a legitimate source of salary for a minimum of one year with an authentic company.
- Proof of Identity such as Aadhaar Card, PAN Card, Passport, Driving License, Voter id card, ID-card issued by Government
- Applicant needs to have duly filled and signed application form with photograph.
- An easy documentation process fast makes all documents requirements are subject to change depending on the eligibility criteria laid down by different lending institutions.
Syndicate Bank Home Loan EMI Calculator
Syndicate Bank Housing Loan Calculator is utilized alongside EMI calculator to ascertain the absolute premium a borrower will pay on housing loan at various loan residency just as different degrees of financing costs and determined dependent on the loan sum, loan residency, and financing cost. The total interest a borrower will pay on a housing loan at different loan tenure and various levels of interest rates.
Apply for Home Loan Online-Syndicate Bank
You can follow the given steps to apply Home from Syndicate Bank.
You can visit the official website of Syndicate Bank.
You need to put all your details as required
Once the bank approves your details, you can proceed to the next level.
You can check home loan status through the official website of syndicate banks. And you can just be contacting the Syndicate Bank 24X7 customer support team as well.
Toll-free number 1800 3011 3333/1800 208 3333.
You can visit your nearest syndicate bank branch to apply for a home loan from the syndicate bank.
Frequently Asked Questions (FAQs)
Question 1. What’s the maximum loan amount offered by Syndicate Bank?
Answer: It offers the estimation of the property at the hour of the approval of the loan or the current worth (whichever is lower) less the exceptional loan sum subject to a limit of Rs.3 lakh
Question 2. What’s the maximum repayment tenure offered by Syndicate Bank?
Answer: It offers the greatest loan residency of as long as 30 years or up to the age of 75 years,
Question 3. Who is eligible for a Syndicate Bank home loan?
Answer: Salaried, independently employed, just as Non-Resident Indians (NRIs), are qualified to apply for a housing loan through Syndicate Bank, which is reached through its retail banking channel.
Question 4: What are the charges for foreclosure of the loan?
Answer: Existing customers need to pay any charges for loan prepayment.
Question 5: How do I change the way I pay the monthly amount?
Answer: You can write an application to the bank that you need to change the payment method.
Question 6. What is the eligible credit score?
Answer: A CIBIL score of a minimum of 650.
Question 7. What is the maximum loan tenure of a bank home loan?
Answer: The maximum loan tenure permitted by the bank is 30 years.
Question 8. How many types of home loans are provided by syndicate banks?
Answer: It offers Synd Nivas, SyndNivas Plus, and Synd Kuteer. It offers Synd Delight and Synd Vishranthi as well.
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