Syndicate Bank Car Loan – Interest Rates 2023, EMI Eligibility Calculator

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 2023

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

Compare, Calculate & Save more on Interest Rates & EMIs

Professional Details
Loan Amount


Annual Income


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.

Calculate Loans EMI Online

Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
Monthly EMI
Total Amount with Interest
Total Interest Amount
Yearly Interest Amount

For an example, You can take a loan amount of Rs.4 lakh for Maruti Wagon R or Hyundai Grand I10 car for 5 years repayment period at 8.95% rate of interest than you emi calculations are as follows:

  • 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
Year Principal Interest Balance Amount
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

Compare Syndicate Bank Car Loan Interest Rates with Other Banks

Car loan Banks Interest Rates EMI per Rs 1 lakh for 7 Years
Bank Of Baroda Car Loan 8.80% – 10.55% Rs. 1,599 – Rs. 1,689
Canara Bank Car Loan 8.70% – 9.35% Rs. 1,594 – Rs. 1,627
Corporation Bank Car Loan 8.75% – 9.50% Rs. 1,596 – Rs. 1,634
HDFC Bank Car Loan 8.50% – 11.25% Rs. 1,584 – Rs. 1,725
ICICI Bank Car Loan 8.82% – 12.75% Rs. 1,600 – Rs. 1,806
Union Bank Car Loan 8.85% – 11.85% Rs. 1,601 – Rs. 1,757
SBI Car Loan 8.65% – 9.70% Rs. 1,609 – Rs. 1,645