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  #1  
February 10th, 2012, 04:49 PM
Super Moderator
 
Join Date: Mar 2012
Syndicate Bank Housing Loan

I want to take housing loan from syndicate bank so please tell me from where I can get the application form and what the interest rate is of the housing loan at the bank.

Syndicate Bank is one of the oldest and major commercial banks of India. It was founded by T M A Pai, Upendra Pai and Vaman Kudva.

Syndicate Bank Home Loan Details

Interest Rate 8.75%
Processing Fees Nil
Loan Tenure 30 years

Documentation needed to apply for an Syndicate Bank Home Loan

1. Signed application form with photograph
2. ID and residence proof
3. Processing fee Cheque
4. Latest bank statements
5. Documentation for salaried applicants:
Last 3 years Income Tax Returns with computation of Income
Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account
6. Documentation for self-employed applicants:
latest income tax returns
latest comupation of income

Quantum of Loan:

80% to 90% of the total cost of construction (for new construction or purchase of an already constructed flat); 70% of total cost for existing houses (not more than 5 years old).

Salaried applicants – Gross salary of 72 months (6 years).

Non-salaried applicants – 6x the average of 3 years.

Margin:

For loans up to Rs 20 lakh, borrower must bear 10% of the cost; for loans above Rs 20 lakh and up to Rs 75 lakh, borrower must bear 20% of the cost; for loans above Rs 75 lakh, borrower bears 25% of the cost.

Repayment:

Maximum repayment tenure allowed on this loan is 30 years or till the applicant turns 75, whichever occurs earlier.

Contact:

Corporate Office
Door No. 16/355 & 16/365A
Manipal-576104, Udupi, Karnataka, India
0820-2571181 to 2571196 (16

Last edited by Neelurk; April 3rd, 2020 at 03:07 PM.
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  #2  
February 15th, 2017, 11:29 AM
Unregistered
Guest User
 
Re: Syndicate Bank Housing Loan

I am planning to open an account in the Syndicate Bank and want details about the Home Loan searching for interest rates. Will you provide me Syndicate Bank Home Loan Details along with processing fees also provide Documentation needed to apply for an Syndicate Bank Home Loan?


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