I am customer of Syndicate Bank and planning to take home loan from this bank searching for loan details. Will you please provide me eligibility criteria for these loans along with Interest Rate so that I can apply here also provide list of documents needed for taking loan?

[vikash]

Syndicate Bank is one of the oldest and major commercial banks of India. At the time of its establishment, the bank was known as Canara Industrial and Banking Syndicate Limited.

Syndicate Bank Home Loan

Interest Rate 8.45%
Loan Tenure 30 years

The eligibility criteria for these loans is:

The individual applying for the loan should be an Indian Resident.
The Non-Resident applying for the loan should hold Indian passport.
The individual can be a pensioner.
The HUF {HINDU UNDIVIDED FAMILY} can apply for this home loan.

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

The margin for the loan is as follows:

Loans below Rs.20lacs - 10%.

Loans from Rs. 20lacs to 75lacs -20%

Loans from 75lacs and above - 25%

Contact:

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