Syndicate Bank Car Loan Interest Rates

Interest Rate 10.35% (Base Rate + 0.65%)
Maximum Loan Amount Maximum loan amount offered to a borrower is either:
  • 95% of the On-Road price of the car including Road Tax, Insurance, Road and Registration Charges. This also accounts for car accessories worth Rs. 10,000; OR
  • 3 times the Gross Annual Income, whichever is the lowest.
In case the borrower is a Corporate entity, then only 85% of On road price is offered as loan (if the value is above Rs.25 lakhs)
Minimum & Maximum Car Loan Tenure Minimum Tenure - 12 months Maximum Tenure - 84 Months (7 years)
Processing Fees/Charge
  • For a loan amount ranging from Rs. 25,000 to Rs. 2,00,000/-, the processing fee is Rs. 1.25 per thousand or a minimum amount of Rs. 125, whichever is the highest.
  • If the loan amount is above Rs. 2,00,000 then the processing fee will be Rs. 200 per lakh.
Documentation Charges For a loan amount below Rs. 2,00,000 - Nil For loan amount above Rs. 2,00,000 the documentation charge is Rs. 100 per lakh with a maximum amount capped at Rs. 1250.
EMI per Lakh Rs. 1678/-* (for a 7 year loan tenure at 10.35% interest)

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Praveen Chauhan

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Pradeep Kochhar

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Due Dates

  • Monthly GSTR 8 (Summary of Tax Collected at Source (TCS) and deposited by e-commerce operators) for Mar 2021

    Apr 10th ,2021
  • Monthly GSTR 7 (Summary of Tax Deducted at Source (TDS) and deposited) for Mar 2021

    Apr 10th ,2021
  • GSTR 1 for Mar 2021 (turnover more than INR. 1.50 Crore)

    Apr 11th ,2021
  • GSTR 6 (Details of ITC received and distributed by ISD) Monthly Filing Due Date for Mar 2021

    Apr 13th ,2021
  • Last date of depositing the fifth instalment of advance tax (if liable to pay any) for FY 2020-21 for individual and corporate taxpayers

    Apr 15th ,2021
  • GSTR 3B for Mar 2021 (Annual Turnover of more than Rs 5 Cr in Previous FY)

    Apr 20th ,2021