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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Due Dates

  • Due date for deposit of tax deducted/collected for the month of September, 2021. However, all sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an Income-tax Challan

    Oct 07th ,2021
  • Due date for deposit of TDS for the period July 2021 to September 2021 when Assessing Officer has permitted quarterly deposit of TDS under section 192, 194A, 194D or 194H

    Oct 07th ,2021
  • GSTR-7 Summary of Tax Deducted at Source (TDS) and deposited under GST laws

    Oct 10th ,2021
  • GSTR-8 Summary of Tax Collected at Source (TCS) by e-commerce operators under GST laws

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

    Oct 11th ,2021
  • GSTR-6 Details of Input Tax Credit (ITC) received and distributed by an Input Service Distributor (ISD)

    Oct 13th ,2021