Use Syndicate Bank Personal Loan to meet your urgent finances!

You need money urgently because an uncertain financial problem burst on, do not worry because Syndicate Bank offers a loan for it. Using the loan amount you can pay off your debts, manage high expenses like marriage. The loan is unsecured and the bank does not ask for any type of asset to mortgage. Syndicate Bank personal loan interest rate is attractive and fits in the equated monthly installment of 60 months. Read the given article and know about loan features and bank services.

How much I can Borrow from Syndicate Bank?

The user can get a maximum of INR 20 lakh from the bank at an interest rate of 10.20% per annum. For Syndicate Bank personal loans, the bank charges interest rates based on your CIBIL score. If your CIBIL is good you can negotiate with the bank for a better rate of interest. And to check your score, you can take the help of the online credit bureau Transunion CIBIL. It generates the CIBIL score of the user for free for a one-time CIBIL check.

Otherwise, a bad CIBIL will result in an interest rate of 13.40% on the loan amount. And sometimes the loan would not be approved if your CIBIL is low. That is why you need to meet Syndicate Bank personal loan eligibility criteria to get the loan at your desired rates.

What are the important factors of Syndicate Bank personal loan?

To get the Syndicate bank personal loan you need to have a regular source of income. Both salaried and self-employed can apply for the loan. If you have a salary account in Syndicate Bank then you can apply for a loan easily and borrow the desired amount. And, non-syndicate customers can get a personal loan from the bank if their 12 months gross income is INR 4 to 5 lakh. The age of the user must be 21-60 years to apply for the loan. These are the eligibility criteria for Syndicate Bank personal loan and if you fit in this, there would be no issue in the loan approval.

Apply for a personal loan from Syndicate Bank

Find your nearest bank branch to apply for the loan or locate it using the Syndicate Bank online service. Then ask for the loan application form and fill it with appropriate details do not forget to submit your passport-sized photographs and documents. The documents required for the loan are the applicant ID proof, income proof and address details. When you complete the procedure then a few payments need to be done for Syndicate Bank personal loan. Those charges are the loan processing and documentation fee. You need to pay 0.50% of your borrowed amount as a processing charge for the loan. And the documentation fee is required only for the loan above INR 2 lakh. It is a maximum of INR 25,000 as the documentation fee is charged per lakh INR 200 above the mentioned amount.

So, get your loan now from Syndicate Bank and blow away your financial issues easily. Pay the loan in EMI using your salary or savings account or through post-dated cheque services. And timely payment of Syndicate Bank personal loans can also help in building your CIBIL score better.