Syndicate Bank Housing Loan Calculator

I want to know about the EMI rates of the Syndicate Bank Housing Loan, so can you please tell me that how to make the calculation? Or can you give me the online EMI calculator?

You want to calculate housing loan rates of Syndicate Bank so you want calculator of this.

You can do this from the official website of Syndicate Bank then go like this-->>

Home >> Products and Services >> EMI Calculator

After this you will see a new window like this image:

Fill this respectively for calculate loan rantes:--

Loan Amount Interest Rate (%) Installments Result

Can you provide me the eligibility details of the Housing Loan offered by Syndicate Bank, now merged with BOB (Bank of Baroda) as I want to check if I am eligible or not?

BOB (Bank of Baroda) offers Home loans to all salaried, non- salaried and self-employed professionals. The Home loans interest rate is 8.10% onwards.

Home loan is available for the purpose of purchase of new houses, purchase of old flats, plots available for construction of flats/houses, construction or renovation of existing homes, reimbursement of cost of plot of land (purchased within 24 months).


Eligibility

All resident and non-resident Indians between 21 and 70 years are eligible.

Purchase of new / old dwelling unit.

Construction of house

Purchase of plot of land for construction of a house

Repaying a loan already taken from other Housing Finance Company / Bank

Repayment period up to 30 years (floating rate option)

Reimbursement of cost of plot of land (purchased within 24 months)


Loan Amount:

The approved home loan amount varies according to location and income of the applicants. Like - in semi-urban and rural areas the maximum amount is Rs. 1 crore, while in metros the maximum home loan amount can range from Rs. 5 crore to Rs. 10 crore.


Interest Rate:

Bank offers attractive interest rate on home loans.
The interest rate is linked to the one-year marginal cost of funds-based lending rate (MCLR) of the bank and is reset annually.


Tenure and Moratorium:

The tenure on home loans varies based on the loan amount and the income of the borrower, and the maximum tenure is 30 years.
There is also a suspension period on home loans, which can be a maximum of up to 36 months after the loan amount is disbursed.


Collateral:

Bank requires collateral against home loans.
Generally, it accept mortgage of the constructed or purchased property as collateral.
In some cases, collateral for home loans can be accepted in the form of insurance policies, government promissory notes, shares and debentures, gold ornaments etc.

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Answered By StudyChaCha Member