Syndicate Bank Personal Loan Eligibility

I want to take Personal Loan for car loan in Syndicate bank so give me its eligikbility.

Syndicate Bank Personal Loan Eligibility criteria is as given below:

Interest Rate:
15.00%

Eligibility:
Salaried and non-salaried class

Quantum of Loan

Salaried class:
80% of invoice value of the item to be purchased or 10 months gross salary/pension, whichever is less, with max. Rs.2.00 lakhs

Non-salaried class:
80% of invoice value of the item to be purchased or 50% of the gross annual income as per ITAO / copy of the return duly acknowledged by the I.T. officials, whichever is less, with maximum of Rs.2.00 lakhs.

Charges
Service charges & Documentation charges – As applicable

Contact:
Syndicate Bank
Naya Bazar, Ajmer, Rajasthan 305001
0145 242 9080

As you are looking for take Personal Loan for car loan in Syndicate bank so here I am providing you detail about loan.

Eligibility:-
Persons having minimum annual income of Rs. 1 lakh for 4 wheeler and Rs.50000/- for 2 wheelers.

Documents required in Personal Loan:-

In case of Salaried
Identity proof
3 to 6 months Bank statements
Residence proof
Salary slip
Guarantors & their same set of documents

In case of Self Employed
Balance Sheets
Profit & Loss Account
Partnership Deed & other mandatory documents etc.

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Answered By StudyChaCha Member

How much is the rate of interest on Personal Loan amount offered by Syndicate Bank to help to its customers?

Syndicate Bank provide Personal Loan to help to its customers to meet financial need for expected and unexpected expenses . Bank offers this loan on low interest rate .

Syndicate Bank Personal Loan
Interest Rate:
15.00%

Eligibility:
Salaried and non-salaried class consumers

Self employed professional like doctor, lawyer, etc.

Age : above18 years

Have a good CIBIL credit score

Good repayment capacity .

Loan Amount
Salaried:
Maximum loan amount is 12 months gross salary.

Non-salaried:
Maximum loan amount eligible is 50% of gross annual salary.

Tenure
Salaried:
Min. - 12 months.
Max. - 60 months.

Non-salaried:
Min. - 12 months.
Max. - 60 months.

Time to Process Loan
7 days

Processing Fees
1% to 5% of loan amount

Security
Salaried:
Good 3rd party acceptable to the Bank.

Spouse having independent income & sufficient net worth as guarantor.

For Non-Salaried:
Good 3rd party acceptable to the Bank.

Spouse having independent income & sufficient net worth as guarantor.

Valid mortgage to be created in respect of immovable property.

Required documents to issue loan :
Identity proof :
Pan card,
Passport, etc.

3 to 6 months bank statement

Residence proof :
Rent agreement,
Property document,
Ration card, etc..

Salary Slips

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Answered By StudyChaCha Member

Will you please give here detail about the Syndicate bank Synd Senior Personal Loan I am looking here to know about it ?

Syndicate Bank is one of the major commercial banks in India. Syndicate Bank offers personal loan at affordable interest rate . This allows customers to enjoy important moments of life .
Syndicate Bank Personal Loan types
Synd saral
Synd senior
Synd Saral Loan :
SyndSaral loans suitable for specific preferences of various individuals to meet diverse financial needs.
Synd Senior Loan :
SyndSenior loan suitable for personal financing needs of senior citizens.

Nature of Facility:
1. Demand Loan
2. Overdraft facility

Eligibility:
Pensioners in receipt of regular monthly pension from Central / State Governments / Public Sector Units .
Pensions being routed through accounts held with Syndicate Bank.
Demand Loan amount :

Age range :
Basis for arriving at quantum:
Maximum permissible loan (Amount in lakhs) :
Upto 65 years
18 times gross monthly pension routed through our Bank
3.00
65 – 70 years
18 times gross monthly pension routed through our Bank
1.50
Over70 years
5 months gross pension being routed through our Bank
0.50
Repayment :
Demand Loan
EMIs not exceeding 72 months

Rate of Interest :
Base Rate :
Base Rate+3.75%pa Monthly compounding
For more detail here is the attachment.

Attached Files Available for Download

Syndicate bank personal loan.zip (15.0 KB, 59 views)

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Answered By StudyChaCha Member