Here are the different types of home loans offered by Syndicate bank:

Home loan schemes

Interest Rate

SyndNivas

1 Year MCLR

SyndKuteer

1 Year MCLR

Housing Loan (CRE- Commercial Real Estate) (Third house onwards)

1 Year MCLR + 1.10 %

SyndNivas (For purchase of plot)

1 Year MCLR + 4.85 %

SyndNivas Plus

1 Year MCLR + 3.35 %

Synd Delight

1 Year MCLR + 2.85 %

SyndVisharanthi

Fixed-Rate 12.25 %

 

MCLR stands for Marginal cost of funds–based Lending Rate. Mentioned below are the Syndicate bank eligibility criteria for different home loans:

Home loan schemes

Eligibility criteria

SyndNivas
  • Non-Resident Indians having an Indian passport or PIOs
  • Resident Indians
  • HUFs
  • Pensioners

Housing Loan (CRE) (Third house onwards)
  • Non-Resident Indians having an Indian passport or PIOs
  • Resident Indians
  • HUFs
  • Pensioners

SyndKuteer
  • Individuals of EWS (Economically weaker section) or LIG (Low Income Group) in rural, urban, and metro areas
  • Members of a self-help group in rural, urban, and metro areas

SyndNivas Plus

Home loan customers who have made the repayment for 2 years or more as per the bank’s terms

Synd Delight

Home loan customers who have made the repayment for 3 years or more as per the bank’s terms

SyndVisharanthi

Senior citizens who have a self-acquired or self-occupied property in India


Syndicate bank offers various home loans to cater to loan borrowers from all walks of life. This way, the bank ensures that borrowers are left out in owning a dream home of their choice. Syndicate bank home loans have a seamless loan application and disbursal process to ensure maximum convenience to borrowers.