Syndicate Bank Home Loan Eligibility

Hii guys , My friend want to apply for Home Loan from Syndicate Bank , So will you please provide me Eligibility and Other Required information ?

[Saksham]

Friend fro your help , Here I am sharing information for Home Loan from Syndicate Bank :



Eligibility Required for Housing loan of Syndicate Bank:

• Residents Indians, NRI, Pensioners

• Self Employed/Business class in a business from minimum period of 5 years .

• Individuals not owning a house/flat at the place of work / business / profession having sufficient and regular income .

• NRIs holding Indian passport, persons of Indian origin, residents outside India, with adequate repayment capacity .

• Applicant should be a major and not more than 55 years of age.

• For salaried class, applicant should have completed 5 years of service and the remaining
• period of service left shall not be less than 5 years.

• Loan to third house is not permitted.



Latest Interest Rates:

Housing Loan Scheme under Floating Interest Option

Rate of interest: 10.00% for all loan amount & Tenure

Fixed Rate of Interest: 10.75%pa, subject to reset clause .

Nivas Plus Housing Scheme – 13.25% p.a


Maximum of 72 months gross salary (including salary of spouse)

Maximum of 6 times average annual income based on Income Tax Assessment Order/IT returns for the past 3 years.

Income/salary of spouse/father/mother/son/daughter with the applicant can also be considered.

Margin :

Loans up to `20.00 lakhs – 10%
Loans above `20.00 lakhs and up to `75.00 lakhs – 20%
Loans above `75.00 lakhs – 25%


Home Loan Documentation:

• Signed application, photographs affixed

• Identity Proof: Passport/ Voter ID/ PAN Card

• Income Proof

• Tax Proof

• Employment Proof