Syndicate Bank Personal Loan

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Syndicate Bank Personal Loan
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• A personal loan from syndicate bank is designed
  to accommodate every kind of financial
  requirements in the time of scarcities of funds.
• For any immediate financial support like
  weddings, medical treatments, house renovation,
  exotic destination vacation, etc. can be
  fulfilled using the Syndicate Personal Loan.
• Syndicate bank offers diverse options under its
  personal loan segment as follows
• Synd Saral This personal loan can be availed by
  women, NRIs and agriculturist.
• Synd Senior This personal loan is meant for
  senior citizens, especially pensioners.

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Features Benefits

• Multipurpose Loan Funds from Syndicate Bank
  provides complete flexibility on end use of the
  loan amount as deemed by the borrower.
• No collateral or security required.
• Competitive and low fixed rate of interest.
• Flexible Tenure Ranges from 6 months to 60
  months based on the profile of the customer.
• Quick processing and disbursal.
• Loan repayment in easy installments.
• Easy and simple documentation.
• Syndicate bank personal loan payment options
  include payment by standing instruction from your
  savings account.

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Eligibility Criteria

• Borrower must be either salaried or self-employed
  individual with a regular source of income.
• Minimum required income for syndicate bank
  personal loan is ? 20,000 per month.
• Loan Amount Individual can avail a minimum loan
  amount of ? 75,000 to a maximum amount of ? 15
  Lakhs of personal loan from Syndicate Bank.
• Age Limit The applicant must fall in the age
  bracket of 21 to 58 years.
• Tenure Syndicate Bank personal loan tenure can
  extend up to a maximum period of 60 months.

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Documents Required

1. Signed application form with passport size
   photographs.
2. ID proof Voters ID/Passport/Driving
   License/Aadhar card.
3. A cheque for the processing fees.
4. 3 months bank account statement.
5. For Salaried Applicants 6 months pay slip and
   Form-16 with the latest salary certificate proof.
6. For Self-employed Applicants Latest bank
   statement and income tax return or Form-16.

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Interest Rate Charges as per 2019
Rates Charges Synd Saral Synd senior
Effective Interest rates For salaried MCLR 4.85 Non salaried MCLR 3.85 Against NSC, LIC etc MCLR 1.85  MCLR 3.60 p.a.  
Processing Fee 0.25 Service Tax 0.5 Service Tax
Loan Tenure Up to 60 months Up to 60 months
Minimum Income ? 20,000 per month -
Loan Amount Minimum ? 50,000 to ? 3 Lakhs Up to ? 3 Lakhs
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Thank You !!!