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Syndicate bank two wheeler loan calculator |
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Re: Syndicate bank two wheeler loan calculator
With customer-centric benefits like high financing quantum and affordable rate of interest, two-wheeler loans offered by Syndicate Bank will be of immense help to the borrower through its two-wheeler loan 'SyndVahan'. Eligibility All customers with a minimum annual income of Rs.0.5 lakhs are eligible to avail the 'SyndVahan' loan. Individuals, partnership firms, proprietorship, trusts, societies, agriculturists, directors and employees of corporates and legal entities excluding HUF are eligible to apply for the loan. Features and Benefits of Syndicate Bank Two Wheeler Loan High Quantum of Finance: Bank offers up to 95% of the on-road price of the vehicle inclusive of registration charges, insurance and road-tax plus the cost of accessories for up to Rs.500 or 6 times the gross monthly salary of the applicant whichever is low. There is no maximum ceiling for the finance quantum. Easy Eligibility One with a minimum annual income of Rs.50, 000 is eligible to apply for the 'SyndVahan' two-wheeler loan offered by the Syndicate Bank. Also, all salaried and self-employed class of people are eligible to apply for it. Affordable Interest Rates: The interest rates are linked to the base rates. For two-wheeler loans, the rate of interest is base rate+2% per annum which will be compounded monthly. Flexible Repayment Options: One can choose up to 60 EMIs for repaying the loan depending on the vehicle type and age of the vehicle. |
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