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  #2  
1st August 2015, 10:52 AM
Super Moderator
 
Join Date: Apr 2013
Re: Gold loan Interest Rate In Syndicate Bank

Syndicate Bank Gold Loan details are as given below:

Gold Loan

Amount of Loan

Upto Rs. 10.00 lakhs for Non priority purposes
Upto Rs. 20.00 lakhs for Business purposes.

Interest rates:
Rate of Interest BR+1.50 presently 11.75%
Penal Interest 2 % above the applicable rate on all overdue loans

Eligibility
Existing and new customers who are properly introduced to the Bank

Maximum term
12 months

Repayment holiday
11 months Interest

Compounding Frequency
Monthly

Syndicate Bank Gold Loan info
  #3  
24th November 2015, 09:43 AM
Unregistered
Guest
 
Re: Gold loan Interest Rate In Syndicate Bank

Hello sir I want to know about the interest rate on Gold Loan of Syndicate Bank so please provide me information about the same.
  #4  
24th November 2015, 09:43 AM
Super Moderator
 
Join Date: Apr 2013
Re: Gold loan Interest Rate In Syndicate Bank

The Syndicate Bank offers loan schemes to meet financial needs of various segments of society and the repayment schedules are tailored to suit their income streams.

Gold loan scheme of Syndicate Bank

Product name and Code-Synd Swarna- Non Agriculture- Bullet repayment

Rate of Interest-BR+1.50 presently 11.75%

Penal Interest-2 % above the applicable rate on all overdue loans

Eligibility Existing and new customers who are properly introduced to the Bank

Amount of Loan
Upto Rs. 10.00 lakhs for Non priority purposes
Upto Rs. 20.00 lakhs for Business purposes

Tenure- The tenor of the loan shall not exceed 12 months from the date of sanction.

Maximum term-12 months

Repayment holiday-11 months

Interest Compounding Frequency-Monthly

Repayment Period Bullet repayment-The entire loan amount with interest shall be repayable within 12 months from the date of sanction.


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