Personal Loans with Syndicate Bank, Apply In Good Rates

Facility:

• Maximum tenure period up to 60 months for salaried people and Non Salaried people
• The Maximum amount: Rs.2 Lakhs
• Syndicate bank offers the personal to the following entities:
• Permanent employees of Government, Central Government, Public sector, Reputed private sector companies, Teachers, Professors, Pensioners

Quantum:

• Not exceeding 12 months gross salary

Salaried Class:

• For this class 80% of the invoice value or 10 months gross salary income and maximum of 2 lakhs
• For non salaried people: 50% of the gross Annual Income

Surety:

• Any third party acceptable to the banking authority persons
• Personal loan interest rate:
• Base rate: 9.70%
• Interest Rate: BR +4.75...Per Annum 14.45%
• Loan Tenure: 5 years

Processing Fees:

• 0.50% of the Loan amount with minimum of `Rs.500.

For Non salaried People:

• For professionals, doctors, Engineers, Doctors and other non salaried people:

Quantum of Advance:

• 50% of the Gross Annual Income if the latest ITAO is provided
• Bank offers 100% of the average income if last 3 year ITAOs are given
• Syndicate bank also gives the personal loan to agriculturists for meeting the expenses of purchasing consumer durables like like TV, Fridge, Washing Machine, Video/ Audio Equipment, etc.

Eligibility:

• The clean loan will be sanctioned on the basis of the existing customers who have already availed some other loans with the bank.

Quantum of Amount:

• 50% of the averages gross annual income or 1 lakh whichever is less.

Repayment Option:

• Up to three years:

Guarantee:

• Third party guarantee is required.

NRI Personal loan

• Syndicate offers the personal loan NRIs having NRE, FCNR, NRO for a period of 1 year

Purpose:

• To meet their genuine credit needs and personal commitments

Quantum of amount:

• For salaried people: 12 months gross salary
• For non salaried people: 50% percentage of gross annual income according to the latest income
• With the CAP: 3 lakhs

Documents required for Syndicate bank Personal loan:

• Signed application form and Photographs

Identity proof:

• Passport, Voter Id card, driving license, PAN card and photographs

Residence Proof:

• Ration card, latest phone bill, passport, Voter id containing mailing address.

Income Proof:

• Last three month pay slips and recent months bank statements
• Latest pay slip

Documents for self employed people:

• IT returns for the last 2 years
• Latest form 16

If you would like to know more about syndicate personal loan, Get in touch with us.