Syndicate Bank Two Wheeler Loan:
Finance may be extended at Syndicate Bank Two Wheeler Loan rate to all loan-seekers who are suitable according to Syndicate Bank Two Wheeler Loan eligibility criteria.
Syndicate Bank Two Wheeler Loan Interest Rate:
Finance is available at Syndicate Bank Two Wheeler Loan rate:
- Applicable ROI is equivalent to Prime lending rate that stands at 13.75% per annum
- Frequency of compounding of above Syndicate Bank Two Wheeler Loan interest rate is on a monthly basis.
Syndicate Bank Two Wheeler Loan Eligibility Norms:
Borrowers who are eligible according to Syndicate Bank Two Wheeler Loan eligibility criteria, for loan at Syndicate Bank Two Wheeler Loan rate:
- Salaried borrowers, who are permanent employees with government and quasi-government companies, public and private sector companies
- Non-salaried borrowers, such as professionals and self-employed business persons and owners of commercial establishments
- Above should have net income per annum equal to Rs.50, 000 or more
Quantum Of Syndicate Bank Two Wheeler Loan:
- Bank regulations state that actual amount of loan that may be extended at Syndicate Bank Two Wheeler Loan interest rate, is an amount that is lower of:
a) Should be equal to 95% of on-road price of four-wheeler to be acquire
And
b) 12 times of monthly salary (gross)
- Upper limit on maximum amount that may be disbursed at Syndicate Bank Two Wheeler Loan rate is Rs.60, 000
Procedure To Be Followed While Applying For Syndicate Bank Two Wheeler Loan:
Persons, who are suitable under Syndicate Bank Two Wheeler Loan eligibility criteria, may be able to avail of finance scheme at Syndicate Bank Two Wheeler Loan interest rate:
- By logging on to internet website of bank or by visiting any branch of bank
- Documents that are required to be submitted:
a) Proof of identity
b) Proof of address
c) Quotation stated on Proforma invoice
d) Income proof as per category of borrower, under Syndicate Bank Two Wheeler Loan eligibility conditions.
- Guarantee offered by a third party acceptable to bank
- Processing charge is at Rs.2.50 / Rs.1000, subject to a minimum of Rs.250
Tenure Of Syndicate Bank Two Wheeler Loan:
Stipulated tenure for purpose of repayment is at 5 years and loan amount, along with interest at Syndicate Bank Two Wheeler Loan rate.
Repayment Of Syndicate Bank Two Wheeler Loan:
- You may repay loan at Syndicate Bank Two Wheeler Loan interest rate, in a maximum of 60 equated monthly installments.
- Modes of repayment may either be:
a) Post-dated cheques
b) ECS mandate / Standing Instructions by all applicants who do not have an account with bank
Product Page URL Of Syndicate Bank Two Wheeler Loan: you may also log on to official website of bank at http://syndicatebank.in/scripts/SyndVahan.aspx to know more.
Branch Office Address (In Table):
City | Branch | Address | Phone number |
Delhi | ASAFALI ROAD | 29A/1 MADHO MANSION,IST FLOOR ASAF ALI ROAD, NEW DELHI - 110001 | (011) - 23239464 |
Mumbai | MATUNGA, | GURUDEV MANSION MATUNGA ESTATE,K A S.RD, MATUNGA, MUMBAI - 400019 | (022) - 22075943 |
Kolkata | N S ROAD | 6 NETAJI SUBHAS ROAD, ROYAL EXCHANGE, DALHOUSE AREA, KOLKATA- 700001 | (033) - 22308014 |
Chennai | ARMENIAN STREET | 69, ARMENIAN STREET, PARRY’S, CHENNAI | (044) - 25223505 |
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