Syndicate Bank Car Loan EMI, Documents, Process, Application Form, Details online. Calculate Emi with calculator which helps you to know how much you have to pay per month.
Syndicate Bank Car Loan Interest Rates 2020
|Interest Rates on Car Loan||8.75% – 9.00%|
|Repayment Period||7 Years|
|Lowest EMI per Lakh||Rs. 1,596 – 1,609|
|Maximum loan amount||85% of on road price|
|Minimum Income Per Month||Rs.16000|
Eligibility criteria for Syndicate bank car loan:
Minimum Annual Income of Rs.2 lakh for Purchase of Car
All Individuals , Proprietorship, Partnership firms , Agriculturists, Trusts, Societies, other legal entities except HUF, Directors/Employees of the Corp-orates are eligible for apply online at Syndicate Bank
Quantum of Finance:
NEW CAR: 95% of on-Road price of the vehicle (inclusive of insurance, Road Tax and Registration Charges) & accessories upto Rs.10000/- Or 3 times the Gross Annual Income whichever is less.
85% of On road price for car loans of above Rs.25 lakhs for loans to Corporate Borrowers
Second Hand Four Wheeler:
Upto Rs. 10.00 lakhs depending on the age of the vehicle OR 70% of the valuation of the vehicle whichever is less.
REPAYMENT Options At Syndicate Bank:
New 4 Wheelers – 84 EMIs
OLD 4 Wheeler – Upto 60 EMI depending on the age of the vehicle.
Syndicate Bank Car loan EMI Calculator
Syndicate Bank car loan emi calculator helps you to know how much emi per month you have to pay against the loan taken for purchasing the new car. you can select or choose the right loan amount as per your financial condition and it helps you in selecting the car variant as per your paying capacity of EMI. For calculation you have to just select the right loan amount, Interest Rate and Repayment period.
- Loan Amount = Rs. 4,00,000
- Monthly Installment (EMI) = Rs. 8,294
- Total Interest Amount = Rs. 97,618
- Total Amount (Principal + Interest) = Rs. 4,97,618
|1||Rs. 66,408||Rs. 33,120||Rs. 333,592|
|2||Rs. 72,603||Rs. 26,925||Rs. 260,989|
|3||Rs. 79,372||Rs. 20,156||Rs. 181,617|
|4||Rs. 86,774||Rs. 12,754||Rs. 94,843|
|5||Rs. 94,904||Rs. 4,658||Rs. 0|