Syndicate Bank Personal Loan for Pensioners

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Syndicate Bank Personal Loan for Pensioners
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Synd Senior

• Syndicate Bank always satisfies the borrowers
  with its loan for pensioners regardless of the
  need.
• It offers personal loans for pensioners with the
  name of Synd Senior.
• Synd Senior is a unique and innovative loan
  offered to all the pensioners.
• The rate of interest of Synd Senior is directly
  connected to the MCLR and it starts from MCLR
  3.60 p.a.

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Features Benefits

• Hassle-free personal loan process for pensioners
  with minimum documentation.
• No processing is being charged for loans up to ?
  50,000.
• A borrower can avail loan amount maximum up to ?
  10 Lakhs (TC apply).
• Synd Senior offers repayment loan tenure for up
  to 6 years.
• Pensioner can avail a personal loan at a
  competitive interest rate of MCLR 3.60 p.a. It
  comes at a low rate of interest.
• Quick and easy disbursement of the loan.
• Syndicate personal loan for pensioners does not
  require any sort of collateral or security.
• Zero hidden costs and administrative charges.

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Eligibility Criteria

• Factors on which the eligibility of Syd Senior
  loan is based on
• A borrower should be employed in Public sector
  companies.
• The Pensioner should be getting pensions every
  month. 
• The borrower monthly pension should have a
  pension account in Syndicate Bank.
• Borrower Age should be
• Up to 65 years, he/she can avail loan amount up
  to ? 10 lakhs or 18 times the gross monthly
  pension being routed through the Syndicate Bank.
• Between 65-70 years, the maximum loan amount is ?
  5 lakhs or 18 times gross monthly pensions.
• Above 70 years, the maximum loan amount offered
  is ? 2 lakhs and 5 months gross pension being
  routed through the Syndicate Bank.

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Fees Charges

• No processing fees are being charged for loan
  amount ? 50,000.
• ? 200 per loan irrespective is being charged on
  the loan amount above ? 50,000.

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Documents Required

• Complete and signed loan application.
• Passport size photographs.
• Bank statement or last 6 months passbook.
• Address Proof Photocopy of recent Telephone
  Bills/Electricity Bill.
• Identify Proof Voter ID card/Aadhaar card/
  Passport/Driving License/PAN card.

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Thank You !!!