Syndicate Bank Business Loan

⋆ Interest Rate 9.99% ⋆

Check Special Offers During COVID-19

      I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.

      Why us?

      Rates as low as 9.99%*
      Loans Up to 30 Lacs
      Same Day Disbursal
      Doorstep Service
      Unbiased Experts Advice

      Syndicate Bank Business Loan Key Features

      Syndicate Bank offers Business loans starting at an interest rate of 12.65%. The rates vary by loan amount, occupation, and type of loan availed. 

      Interest Rate 12.65%
      Processing Fee 0.5%, Min Rs. 500
      Tenure From 12 months to 60 months
      Lowest EMI per lakh ₹ 2,257
      Loan Amount Min ₹ 50,000 and Max ₹ 5 Lakh
      Part Prepayment, Charges Nil prepayment charges
      Early Foreclosure, Charges Nil prepayment charges

      Interest Rate, Fees, and Charges (Self Emp Non-Professional)

      TABLE WILL APPEAR

      Interest Rate, Fees, and Charges (Self Employed Professional)

      TABLE WILL APPEAR

      Advantages of Syndicate Bank Business Loan

      • The schemes are involved in developing small scale organizations and enterprises
      • They also include producing goods and other material that fall under the same category of small enterprises
      • The loan amount depends on the requirement as per the project report/assessment
      • The repayment period of SyndUdyog and SyndVyapar loan is 7 years – 10 years
      • The following process helps in analyzing the organization and the strength of the goal to assign a reimbursement period

      Eligibility Criteria of Syndicate Bank Business Loan

      Bank have detailed criteria to determine the eligibility of a borrower for business loans. Some of the key criteria are:

      Eligibility Criteria Description
      Age 21 to 58 years
      Minimum Turnover ₹ 0
      Business Existence (in months) 0 months
      ITR (months) 0 months
      Loan Amount ₹ 50,000 to ₹ 5 Lakh
      Loan Tenure 60 months
      Owned House or Place of Work Not Required
      CIBIL Score 750 and above

      Syndicate Bank Business Loan Documents Required

      • Address proof of individual:  Voter’s ID Card, Bank statement, registry copy, rent agreement, utility bills
      • Identity proof of individual: Passport, Driving License, Aadhaar Card, Voter’s ID Card, PAN Card
      • Business existence proof: PAN, sales tax/ excise/ VAT/ service tax registration, Copy of partnership deed, Trade license, certificate of practice, registration certificate issued by RBI, SEBI
      • Copy of Income Tax PAN for 24 months
      • Bank statement of last 6 months

      Business Loan EMI Calculator for Syndicate Bank

      Get monthly EMI as low as Rs. 2,257 per lakh on Syndicate Bank business loan. Business loan EMI in Syndicate Bank depends upon loan annual turnover, gross receipts, number of years of ITR, loan amount, loan tenure and interest rate.

      Loan Amount 1 Year Loan 2 Year Loan 5 Year Loan
      ₹ 1 Lakh ₹ 8,915 ₹ 4,738 ₹ 2,257
      ₹ 5 Lakh ₹ 44,577 ₹ 23,689 ₹ 11,287
      ₹ 10 Lakh ₹ 89,153 ₹ 47,378 ₹ 22,574

      Compare with Business Loan from other Banks

      Bank
      Interest Rate 15.65% – 21.35% 12.65%
      Processing Fees Starting from 0.99%, Max 2.50% 0.5%
      Loan Amount ₹ 50,000 to ₹ 50 Lakh Min ₹ 50,000 and Max ₹ 5 Lakh
      Loan Tenure 12 to 48 Months From 12 months to 60 months
      Lowest EMI Per Lakh ₹ 2,816 per lakh ₹ 2,257
      Part Payment Charges Not Allowed Not Allowed
      Foreclosure Charges Allowed after 12 months at 2 – 4% NIL
      Borrower’s Age 21 to 65 Years 21 to 58 Years
      Minimum Years in Business Required 36 Months 0 Months
      Minimum Turnover Required ₹ 1 Cr ₹ 0

      Video: How to apply for Yes Bank Business Loan

      VIDEO WILL APPEAR

      Purpose of Business Loan from Syndicate Bank

      1. Expanding Operations

      Buying land or leasing a property to expand business operations when you feel that your business has grown large enough and scaling up at this moment is an opportunity that you do not wish to forgo, a business based on its growth projections can go for expanding operations more than once.

      2. Purchase Equipment

      Technology has become a key driver in the information age of business, and since technology comes with a pre-set expiry date, there is always a demand to purchase or upgrade existing equipment and technology. Buying/leasing/replacing new equipment that will help improve the production or operations of the organization, alternatively the equipment can also be leased, it is best to conduct a cost-profit analysis to determine whether to buy or lease. The advantage of buying equipment is that depreciation can be claimed each year apart from the first-year tax exemptions.

      3. Purchase of inventory

      Most often small businesses would require immediate capital for the purchase of inventory stock or raw material. There may arise a situation where the demand for your product may be very high in the market. Businesses may not have the funds to get the raw materials to meet the rise in demand. This problem can be solved when individuals and entrepreneurs take loans to buy the inventory needed for production.

      4. To increase working capital

      Many times, small businesses and entrepreneurs may not have enough working capitals to run their day-to-day activities. They will take short term loans to their own assets to earn enough revenues to meet their operational needs.

      5. Improve credit history

      If a business is looking to get a larger loan it is necessary for the company to have a good credit history. To make sure of this the individual or proprietors get short-term loans and pay them on time to improve their credit history. Consistent repayment of borrowings will lead to positive credit history.

      EMIs of Several Banks and NBFCs for Different Tenures

      Business loan EMI for ₹ 10 Lakh loan amount at lowest 12.65% interest rate offered by Syndicate Bank for different tenures

        1 Year 2 Year 5 Year
      Syndicate Bank EMI for loan amount of ₹ 10 Lakh at 12.65% ₹ 89,153 ₹ 47,378 ₹ 22,574
      Total amount you pay back to the bank including principal and interest ₹ 11,32,628 ₹ 12,82,847 ₹ 18,63,962
      Interest you have to pay over loan tenure ₹ 1,32,628 ₹ 2,82,847 ₹ 8,63,962

      Other Loan Products from Syndicate Bank

      TABLE WILL APPEAR

      Why should you apply for Syndicate Bank Business Loan at Dialabank

      • This is the best platform to apply and get all help and assistance to avail of these loans, which is for free.
      • It provides the best service in the country by evaluating the bank’s services, not by its reputation.
      • Dialabank’s assistance advantage is that it provides the least rate of interest on business loans in the market.
      • This service also provides documentation at the doorsteps. That means no bank visits.
      • Dialabank also assists with the least paperwork.
      • Dialabank has earned a reputation from the customers by helping them. The bank loans are provided directly from the banks, so there is no risk involved in the fraud.
      • Know more about Dialabank by visiting us online or by calling on 9878981166.

      How to calculate EMI for Syndicate Bank Business Loans?

      Loan Amount ₹ 5,00,000
      Interest Rate 15.00%
      Tenure(Months) 60
      Monthly Instalment (EMI) ₹ 11,895
      Total Interest Amount ₹ 2,13,698
      Total Amount (Principal + Interest) ₹ 7,13,698
      YEAR PRINCIPAL INTEREST BALANCE AMOUNT
      1 ₹ 72,596 ₹ 70,143 ₹ 4,27,403
      2 ₹ 84,266 ₹ 58,473 ₹ 3,43,137
      3 ₹ 97,812 ₹ 44,927 ₹ 2,45,324
      4 ₹ 1,13,536 ₹ 29,203 ₹ 1,31,788
      5 ₹ 1,31,934 ₹ 10,952 ₹ 0

      Benefits of Syndicate Bank Business Loans

      • You can prepay part of your loan anytime after paying 1 % prepayment charges
      • You can foreclose your entire Business loan anytime after paying 0 EMI’s at foreclosure charges – Nil prepayment charges
      • Syndicate Bank has over 3,383 branches in India where you can avail of service.

      Syndicate Bank Business Loan Processing Time

      Banks get on their decision of proving loans to applicants within 30 days of submitting a loan application. But some banks give instant loan offers, which can be approved within a few hours to 2-3 days.

      Syndicate Bank Business Loan Preclosure

      Business Loan Preclosure charges are NIL.

      Pre Calculated EMI Table for Syndicate Bank Business Loan

      Loan Amount 1 Year Loan 3 Year Loan 5 Year Loan
      ₹ 1 Lakh ₹ 8,951 ₹ 3,389 ₹ 2,296
      ₹ 5 Lakh ₹ 44,753 ₹ 16,943 ₹ 11,479
      ₹ 10 Lakh ₹ 89,505 ₹ 33,887 ₹ 22,958

      How to Apply for Syndicate Bank Business Loan Online?

      1. Visit Dialabank
      2. Go to the loan section and click on the Syndicate Bank business loan link.
      3. The applicant will be directed to all details of the business Loan where they can choose their preferred bank.
      4. For more information and free guidance, you may call on 9878981166.
      5. Fill a user-friendly online application form for Syndicate Bank Business Loan.

      Syndicate Bank Business Loan Status

      You can find the loan status by Calling +919878981166 or by visiting the Main Syndicate Bank Site.

      Dialabank Syndicate Bank Business Loan Customer Care Number

      Dialabank is the leading agent for availing Syndicate Bank Business Loan. You can apply online at Dialabank or give a call at +919878981166

      Dialabank helps you to find the best option of Banks and NBFCs by providing you with a detailed market comparison of different banks so that you can make the right choice.

      FAQs

      Can I reduce EMI on business loans?

      You can reduce your loan EMI if the bank offers part prepayment or full prepayment. Most banks allow prepayment after repayment of 6-12 EMI’s and some banks allow after 1 EMI only. So, you can easily opt for prepayment of the loan if you have a surplus amount and want to lower your burden of EMI during the loan tenure.

      How can I apply for a business loan?

      You can apply in several ways. You can directly visit the bank branch and meet the salesperson, contact a loan agent or apply online at any bank or NBFC’s website. You can also compare the business loan rate of all banks online at MyLoanCare and apply for loan. We can connect you to banks with the best loan offers at the lowest rate of return. We also assist you throughout the loan process and allow you to apply online for a loan without a long tedious process.

      What is the minimum and maximum tenure of a business loan?

      These are generally taken for a short period of time. Generally, the loan tenure is between 12 months to 60 months.

      Menu