Syndicate Bank provides many personal loan schemes for various purposes, under several heads.It provides personal loans to meet any genuine personal credit requirements. Its SyndSaral scheme is provided separately for both salaried and non-salaried class. It has other personal loan schemes for women, to exclusively to purchase consumer durables etc.
Highlights
Salaried
Self Employed
Loan Scheme
SyndSaral - Salaried
SyndSaral-Non Salaried
Loan Type
Term Loan
Term Loan
Loan Amount
Maximum loan amount is 12 months gross salary.
Maximum loan amount eligible is 50% of gross annual salary.
Tenure
Min. - 12 months.
Max. - 60 months.
Min. - 12 months.
Max. - 60 months.
Interest Rate
Min. - 15 %
Min. - 15 %
Time to Process Loan
7 days
7 days
Fees & charges
Fees & charges
Salaried
Self Employed
Security
Security
For Salaried:
#1 Good 3rd party acceptable to the Bank.
#2 Spouse having independent income & sufficient net worth can also be taken as guarantor.
For Non-Salaried:
#1 Good 3rd party acceptable to the Bank.
#2 Spouse having independent income & sufficient net worth can also be taken as guarantor.
#3 Valid mortgage to be created in respect of immovable property.