Syndicate Bank Housing Loan Insurance

Can you tell me in detail about the Housing Loan Insurance policy offered by Syndicate Bank? Also provide me the Syndnivas Housing Loan Application Form - Syndicate Bank?

[Saksham]

Syndicate bank makes your dream of owning a home come true by giving housing loan under SyndNivas scheme for construction/acquisition of a house/flat or for acquiring a site and building a house thereon.

For acquiring a new house or existing house not more than 20 years old for making extensions/additions to existing house.

For NRIs, loan available for acquisition of house for self-occupation on return to India. For acquisition of furniture/fixtures including air conditioners, geysers, fridge, cots, tables, sofas etc which form part of improvements to the home purchased or constructed out of the Housing Loan not exceeding of 10% total cost of the project, may be included.

Take over of existing Housing loan from other banks/financial institutions in the case of salaried class are permitted. Continue reading to view more details about this loan.

Syndicate Bank Home Loan Details

Interest Rate
Floating: 9.70%

Processing Fees
Upto 25L-0.125% with a min of 500/- and maximum of 2500/- ; Above 25L to 75L- 0.125% with maximum of 3250/- 3.above 75L- 5000rs(flat)

Loan Tenure
30 years

Guarantor Requirement
Nil

Pre-closure Charges
Nil

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 computation of income

Syndnivas Housing Loan Application Form - Syndicate Bank