Syndicate Bank Home Loan

Introduction

Syndicate bank makes your dream of owning a home come true by giving home loan under SyndNivas scheme. A person can take loan for construction or acquisition of house/ flat, buying land, acquiring a new house or an old house not more than 25 years old. The loan can also be taken for acquisition of furniture/ fixtures including air conditioners, geysers, cots, tables, etc which form a part of improvement or expansion of the home purchased or constructed out of the housing loan. You can easily avail the loan by fulfilling the eligibility criteria and documentation required.

Highlights

Interest Rate 0%
Loan Amount 30%, 25% of total project cost for construction/purchase of new flat or house upto 5 years old. 30% for acquiring house which is above 5 years old. 30% of the estimated cost of addition, extension, repairs and renovation.
Tenure Min. – 5 Yrs.
Max. – 25 Yrs.

Interest Rates

Tenure Interest Type Interest Rate Offer
20 – 25 Yrs. Floating 9 %
15 – 20 Yrs. Floating 9.5 %
10 – 15 Yrs. Floating 9.5 %
5 – 10 Yrs. Floating 9.25 %
1 – 5 Yrs. Floating 8.75 %
5 – 10 Yrs. Fixed 12 %
1 – 5 Yrs. Fixed 11.5 %

Fees & charges

Processing Fee 0.5 %