The personal loan interest rate in Syndicate Bank starts at 11.95% p.a. Syndicate Bank, which merged with Canara Bank on April 1, 2020, offers personal loans under various schemes with interest rates starting from 11.75% per annum. These loans are available to both salaried and self-employed individuals. Let me share more details about it below.
What is the Syndicate Bank Personal Loan Interest?
Usually, the Canara Bank offers personal loans at rates of interest ranging from RLLR+1.40% to RLLR+6.40%. It offers different personal loan schemes, each with its own interest rates:
SyndConnect: Interest rates range from 12.00% to 12.30% per annum.
SyndSenior: Interest rates range from 11.95% to 12.15% per annum.
These rates are applicable to both salaried and self-employed individuals. The maximum loan amount offered is up to Rs 20 lakh, and the loan tenure can extend up to 72 months, depending on the scheme and eligibility.
To know the syndicate personal loan interest rate, I would suggest you better contact your branch manager. I hope you found this helpful.
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Hi, Being a recent borrower of a personal loan from Canara Bank, I can say that on 1 April 2020, the Syndicate Bank was merged into Canara Bank. This implies that if you are looking for a personal loan interest rate in Syndicate bank, it means you\'ll be actually exploring the Canara Bank\'s personal loan rates. I have shared the rates here with you for your reference.
How Much is the Syndicate Bank Personal Loan Interest Rate?
As I availed of a pre approved personal loan, I have shared the rate of interest in the below-given table:
Loan Product | RLLR | FRP | Credit Risk Premium over RLLR | Effective Rate of Interest under RLLR |
Pre-Approved Personal Loan (PAPL) | 9.00 | 0.75 | 2.70 | 12.45 |
Now, there are several other personal loan products offered by the Canara bank. So to get an estimate on these rates you can check the official website of
Canara Bank. I hope this helps!
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What is Personal Loan Interest Rate in Syndicate Bank?
Tulsi
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9 months
2025-02-26T20:01:31+00:00 2025-02-26T20:01:32+00:00Comment
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