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24th February 2016, 11:28 AM
Super Moderator
Join Date: May 2012
Re: Syndicate Bank Staff Housing Loan

Hello, here I am providing you the details of the housing loan provided to staff members of the Syndicate Bank as under:

Syndicate Bank Home Loan Minimum Age
At least 21 years old

Syndicate Bank Home Loan Maximum Age
Less than 55 years old

Syndicate Bank Home Loan Minimum Salary
Earn more than the minimum income required

Syndicate Bank Home Loan Maximum Loan to property value
Loan capped @ 80% or 90% of project cost

Written off:
The scheme was introduced in the Bank with effect from 01.06.1999 to write off the outstanding Bank liabilities of the employee dying in harness to the extent of specified limits.
W.e.f. 01.03.2011 the outstanding liabilities not exceeding `4.00 lakh in case of officer employees and `3.00 lakh in case of award staff, are being written off.
The liabilities are to be written off in the following order only: (not exceeding the limits mentioned above)
a. Festival Advance
b. Sundry Advance outstanding
c. Unsecured loans such as DL and ODC
d. Vehicle Loan
e. Additional Housing loan @ PLR f. Staff Housing Loan g. OSL/SOD on LIC policy/NSCs & Jewel Loan

Documents required:

Signed application form with photograph
ID and residence proof
Processing fee Cheque
Latest bank statements

Interest Rate
Floating : 9.70%

Processing Fees
Upto 25L-0.125% with a min of 500/- and maximum of 2500/- ; Above 25L to 75L- 0.125% with maximum of 3250/- 3.above 75L- 5000rs(flat)

Loan Tenure
30 years

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