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Thursday, October 11, 2012

Syndicate Bank announces festival offer for loans

Syndicate Bank has announced festival offer for home loans and vehicle loans.

The bank is offering home loans at 10.5 per cent (equated monthly instalment is Rs 944 per lakh) up to Rs 25 lakh for 25 years and at 10.75 per cent for above Rs 25 lakh up to Rs 75 lakh. For loans over Rs 75 lakh, the interest charged is 10.9 per cent.

Similarly on four-wheeler loans, the interest rate is at 10.75 per cent (equated monthly instalment is Rs 1,699 per lakh) for 84 months with bank finance up to 95 per cent of the cost of vehicle on road.

The bank has announced that there will be no processing/documentation charges for four-wheeler and home loans during festival offer.


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