Syndicate Bank Car Loan

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Buy your dream Car

Rates as low as 7.35%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

Syndicate Bank Car Loan Key Features

Syndicate Bank Car Loan Interest Rate 7.35% per annum
Min Loan Amount ₹ 100,000
Max Loan Amount
(Loan to Value)
Loan up to 85% of On Road Price
Loan Tenure 1 year to 7 years
Lowest EMI / Lac ₹ 1,596
Minimum Net Monthly Income ₹ 16,000
Minimum ITR for Self Employed ₹ 300,000
Age Criteria Salaried: 21 years to 60 years
Self Employed: 21 years to 65 years
Types of Cars For All New Passenger Cars, Multi Utility Vehicles (MUVs) and Sport Utility Vehicle (SUVs).
Processing Fee 0.40%
Foreclosure Charges No foreclosure charges
Basic Documentation ID Proof, Address Proof, Salary Slip, Bank Statement and Car Quotation

About Syndicate Bank Car Loan

Syndicate Bank is one of the major commercial banks in India. This bank got nationalized on 19 July 1969 by the Government of India.

Syndicate Bank offers Car Loans at affordable rate of interest to the customers for purchasing their dream car either new or second hand. It is an easily accessible loan for those who have a good credit/CIBIL score.

Advantages of Syndicate Bank Car Loan

Syndicate Bank Car Loan

Syndicate Bank Car Loan Eligibility

Salaried Individual
  • Age – 21-60 years of age
  • Net Monthly Income – should be minimum ₹ 16,000
  • Employment Duration – Minimum 1 year
  • Income Eligibility – Depends on Form 16 and Salary Slip
Self-Employed Individuals
  • Age – 21-65 years of age
  • Minimum ITR  – Rs. 4 lakh, Rs. 18 lakhs (for selected car models)
  • Employment Duration – Minimum 3 years
  • Income Eligibility – Depends on the latest Income Tax Returns
Self-Employed Non-Individuals (Company/Partnership)
  • Minimum ITR  – Rs. 4 lakh, Rs. 18 lakhs (for selected car models)
  • Employment Duration – Minimum 3 years
  • The applicant has to present IT returns and audited financials of 2 years with Calculated Income.
Priority Customers
  • Applicant should have a vintage of at least 6 months
  • Average Quarterly Balance – Minimum Rs.1 lakh for last 2 quarters
  • Maximum Loan Amount – 3 X Average Quarterly Balance of Last 2 quarters

Syndicate Bank Car Loan Interest Rate, Fees and Charges

Charges New Car Loan Used Car Loan
Interest Rate 7.35% p.a. 9.40% p.a.
Processing fee 0.40% 0.40%
Issuance of Duplicate Repayment Schedule Charges Rs.500 per instance Rs.500 per instance
Foreclosure Charges No foreclosure charges No foreclosure charges
Penal Interest 2% per month 2% per month
Part Payment charges 5% of the paid amount 5% of the paid amount
Cheque/Instrument Swap Charge Rs.500 per instance Rs.500 per instance
Documentation Charge Rs.500 per instance Rs.500 per instance
Issuance of Duplicate No Dues Certificate Charges Rs.500 per instance Rs.500 per instance
Registration Certification Collection Charge Rs.200 per instance Rs.200 per instance
Cheque Bounce/Instrument Return Charges Rs.500 per instance Rs.500 per instance
Issuance of Duplicate Statement Charges Rs.500 per instance Rs.500 per instance
Loan Cancellation/Re-booking Charges Rs.2,500 per instance Rs.2,500 per instance
Issuance of Credit Report Rs.50 per instance Rs.50 per instance

Syndicate Bank Car Loan Documents Required

Salaried Individual

Category Documents Required
Identity Proof

(Any 1)

Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Address Proof

(Any 1)

Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Date of Birth Proof

(Any 1)

Birth Certificate
Passport
Driving Licence
PAN
Signature Proof

(Any 1)

Passport
Bankers Verification
PAN
Income Proof Latest Form 16 and Salary Slips
Bank Statement Bank statement of last 3 months
Employment Continuity Proof Work Experience Certificate
ITR of Form 16
Salary Slip with Joining Date
Appointment Letter
Letter of Relieving

Self-Employed Individuals

Category Documents Required
Identity Proof (Any 1) Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Address Proof (Any 1) Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Date of Birth Proof (Any 1) Birth Certificate
Passport
Driving Licence
PAN
Signature Proof (Any 1) Passport
Bankers Verification
PAN
Income Proof Latest Form 16 and Salary Slips
Bank Statement Bank statement of last 3 months
Employment Continuity Proof Shop & Establishment Act Certificate
Current Account Statement
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Business Proof Current Account Statement
Telephone Bill
Electricity Bill
Shop & Establishment Act Certificate
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Registered Lease Document with other utility bills

Self-Employed Non-Individuals:

1. Partnership Firms/Societies

Category Documents Required
Identity Proof (Any 1) Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Address Proof (Any 1) Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Income Proof Audited Balance Sheet
P&L Account and ITR for the previous 2 years
Bank Statement Bank statement of last 3 months
Business Continuity Proof Shop & Establishment Act Certificate
Current Account Statement
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Additional documents Authority Letter/PAN cards

2. Private Limited/Limited Companies

Category Documents Required
Identity Proof Copy of Latest MOA
Copy of Incorporation
Copy of Latest AOA
Address Proof (Any 1)
Current Account Statement
Telephone Bill
Electricity Bill
Shop & Establishment Act Certificate
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Registered Lease Document with other utility bills
Income Proof Audited Balance Sheet
P&L Account and ITR for the previous 2 years
Bank Statement Bank statement of last 3 months
Business Continuity Proof Shop & Establishment Act Certificate
Current Account Statement
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Additional documents
List of Directors and Shareholding Partners
PAN Card
Board Resolution
Certificate of Commencement of Business for Ltd. Co.

Syndicate Bank Car Loan EMI Calculator

The candidate has the choice to know the EMI’s before availing a Car Loan. So, you can easily know through the link below:

Car Loan EMI Calculator

Syndicate Bank Car Loan Types

Syndicate Bank provides three types of car loans to its customers. You have the choice of choosing the offer which suits you. Syndicate bank offers the following types of Car Loans:

  1. New Car Loan –  Those who desire to purchase a new car, this scheme is for you. You can get a car loan from Syndicate Bank for a minimum of Rs. 1 lakh and a minimum tenure of 7 years.
  2. Used Car Loan – If you want to purchase a used car then you can choose this proposal which offers a minimum loan of Rs. 1 lakh and a minimum tenure of 5 years.
  3. Loan Against Car – You can select this scheme if you require urgent funds where you can keep your cars as security with the bank where you can get Rs. 10 lakh or up to 50% of your car’s price.

Syndicate Bank Car Loan Pre Calculated EMI

How to Apply for Syndicate Bank Car Loan?

  1. Visit Dialabank and fill a form.syndicate bank car loan
  2. Our Relationship Manager will call you and assist you throughout the process.
  3. You can compare various offers from banks and pick the one which suits your needs.
  4. You can easily apply for a Car Loan through Dialabank and enjoy best offers.

Syndicate Bank Car Loan for Top Selling Cars

Other Available Products from Syndicate Bank

Syndicate Bank Personal Loan Syndicate Bank Gold Loan Syndicate Bank Home Loan
Syndicate Bank Credit Card Syndicate Bank Two Wheeler Loan Syndicate Bank Education Loan

FAQs for Syndicate Bank Car Loan

✅ What is Syndicate Bank Car Loan?

Syndicate Bank Car Loan is a car loan offered to you for buying a car either new or old.

✅ How can I get Car Loan from Syndicate Bank?

You can get a car loan from Syndicate Bank by visiting the nearest branch of Syndicate Bank. You will get satisfaction to apply from anywhere.

✅How does Syndicate Car Loan work?

Syndicate Bank offers car loan at affordable interest rates. You can get a car loan easily and quickly. Syndicate Bank provides flexible loan tenure duration.

✅What is the Car Loan Interest Rate in Syndicate Bank?

The interest rate in Syndicate Bank for a car loan starts at 7.35%.

✅How to check Car Loan status in Syndicate Bank?

You must visit the Syndicate Bank branch to examine your car loan status. Also, you can use the net-banking services of Syndicate Bank.

✅How to calculate Car Loan interest in Syndicate Bank?

For the calculation of your car loan interest in Syndicate Bank, the following information is required:

  • Loan amount
  • Interest Rate
  • Loan tenure

You can calculate interest and EMI through EMI calculator available at Dialabank’s website.

✅What is the maximum loan amount I can avail on Car Loan from Syndicate Bank?

You can avail a maximum loan amount for a car loan from Syndicate Bank is up to 85% of On Road price.

✅What is the loan tenure of Syndicate Bank Car Loan?

The loan tenure period for a car loan from Syndicate Bank for up to 7 years.

✅Can I get 100% Car Loan from Syndicate Bank?

You can get loan up to 85% of On-Road Price for a car loan from Syndicate Bank. To avail a 100% Car loan, you must visit the online platform of Dialabank.

✅How much processing fee is applicable on Syndicate Bank Car Loan?

Syndicate Bank charged a processing fee is 0.40%.

✅What are the EMI options available on Syndicate Bank Car Loan?

Your car loan EMIs are automatically subtracted from your bank account. Also, you can pay your car loan EMI through the net banking facility of Syndicate Bank.

✅What are the charges for Prepayment in Syndicate Bank Car Loan?

No prepayment charges taken for availing a car loan in Syndicate Bank.

✅Can I get a top-up loan on my existing Syndicate Bank Car Loan?

Yes, you can get a top-up loan on your existing Syndicate Bank car loan. Also, get a top-up car loan by visiting the online platform of Dialabank.

✅Do I need to provide a guarantor to avail a car loan from Syndicate Bank?

Yes, you can avail a guarantor for getting a car loan from Syndicate Bank. It will increase your car loan eligibility.

✅How to get the Syndicate Bank Car Loan Statement?

For getting a car loan statement of Syndicate Bank you can use Syndicate Bank’s mobile banking app. Also, visit the nearby branch of Syndicate Bank.

✅How to pay Syndicate Bank Car Loan interest online?

You can pay your car loan interest through the net -banking services of Syndicate Bank. If you require a low-interest car loan, you must visit Dialabank online and fill a form there.

✅What if I can’t pay the interest on Syndicate Bank Car Loan for 3 months?

If you can’t pay the interest on Syndicate Bank Car Loan for 3 months, then it will be added to the outstanding loan amount and repayment charges will redraft.

✅How can I apply for EMI Moratorium on Syndicate Bank Car Loan?

You can apply for EMI Moratorium on Syndicate Bank through visiting the nearby branch of Syndicate Bank or you can submit a request through an email. Also, if you want relief for the balance duration, you must apply through Dialabank.

✅What is the number for Syndicate Bank Car Loan agent?

The number for Syndicate Bank Car Loan agent is 1800-225-092.

✅Can I close Syndicate Bank car loan online?

You can close your car loan from Syndicate Bank by using the net-banking page of Syndicate Bank. You have to log in with your details on the net -banking page and pay your car loan.

✅What is Syndicate Bank Car Loan Customer Care Number?

The customer care number of Syndicate Bank for car loan queries is 1800-425-0585.

✅How can I get NOC from Syndicate Bank for a car loan?

You can get a car loan NOC from Syndicate Bank when you paid your car loan amount.

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