Homebuyers alert! Syndicate Bank home loans cut to lowest interest rates in banking sector

A massive offer has been announced for those looking to buy a house of their own. Syndicate Bank home loan interest rates are now starting as low as 8 per cent, which is 10 bps lower than the industry average! The industry average of home loans is 8.1 per cent. The competitive rates are for loan amounts of up to Rs 50 lakh. Syndicate Bank is offering a range of home loan products under its SYND Nivas product offerings that aim at meeting every customer’s requirement. The home loan amount will be as per the customer’s requirement. Its innovative products besides offering the lowest interest rates also offer flexibility in repayment of the loan as well as loan tenure.

Speaking on the latest Syndicate Bank home loan rates offered DS Bedi, General Manager — Retail at Syndicate Bank said, “Syndicate Bank has always tried to offer the most competitive products to its customers. The home loan is one of the most significant products and it is our honour to offer the industry’s best housing loan products and lowest interest rates to home seekers”.

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Syndicate Bank offers value-added and customized solutions for its home loan products. It offers loans for low- and middle-income group buyers also. However, for a homebuyer who wants to avail the Syndicate Bank home loan should first check out the eligibility criteria which is as follows:

1] Home loan applicant should be an Indian resident;
2] Home loan applicant should hold a voter ID/Aadhaar card/Indian passport.
3] PIOs (Persons of Indian Origin) can also avail Syndicate Bank home loan; and
4] HUF (Hindu Undivided Families) can apply for Syndicate Bank home loan.