Updated as on 31.08.

2018

RETAIL & MSME LOANS - INTEREST RATE LINKED TO MCLR

I. RETAIL LOANS

1. HOUSING LOANS
Sl No Product Rate of interest
i SyndNivas
ii SyndKuteer
(Scheme For Economically Weaker Section (EWS) and
Low Income Group (LIG) Category) One year MCLR
iii Tie-Up arrangements with Army Group Insurance
Fund (AGIF), Army Welfare Housing Organisation
(AWHO), Air Force and Naval Housing Board (ANHB),
M/s Oil India Limited.
iv Housing loan CRE One year
(Third House onwards) MCLR+1.10%

HOUSING LOAN - TOP UP facilities

Sl No Product / Scheme Rate of interest
i SyndNivas Plus One year MCLR + 3.35%
ii SyndDelight One year MCLR+ 2.85 %

2. VEHICLE LOANS

Sl No SyndVahan Rate of interest

i Two Wheelers
a) General public One year MCLR + 2.10%
ii Four Wheelers
a) 4 Wheelers ( Salary credited at our
One year MCLR +0.50%
bank with minimum CIBIL Score 700)
b) 4 Wheelers One year MCLR+0.75%

3. EDUCATION LOANS
SYNDVIDYA :
Sl No Quantum of loan Rate of interest
i Upto Rs.4.00 lakhs One year MCLR + 1.60%
ii Above Rs.4.00 lakhs to Rs 7.50 lakhs One year MCLR + 1.85%
iii Above Rs.7.50 lakhs One year MCLR + 2.85%

Sl No Skill Loans Rate of interest

i Loans of Rs.5,000/- to Rs.150,000/-. One year MCLR+1.50%
 Updated as on 31.08.2018

Details of Concession on Education loans:

Sl No Name of Concessions in Target group Remarks
the interest
Scheme
1 0.50% on SC/ST Boy Over all concession
applicable rate student shall not exceed
0.75% on SC/ST Girl 1%.
applicable rate student
SyndVidya 1% on applicable All Borrowers of With tie up
& Skill loans rate Govt /PSUs/ arrangement
Blue Chip Cos. and/or irrevocable
undertaking letter
from employer is
provided
Maximum 1% concession for all the above criteria.
Repayment Interest Concession of 1% is eligible if the interest is
regularly serviced during the study period and
subsequent moratorium period.
With cumulative concessions the rate of interest shall not be less than one year
MCLR.

Sl No SyndSuper Vidya Rate of interest

i. If interest is serviced during moratorium One Year MCLR +
period 0.10%
ii. If interest is not serviced during moratorium One year MCLR +
period 1.10%
Sl No SyndVidya-Abroad Rate of interest
i Loans above Rs.20.00 lakhs to Rs.200.00 One year MCLR
+2.10%
lakhs
a. 1% interest concession shall be provided, if interest is serviced during the
study period and subsequent moratorium period prior to commencement of
repayment.

b. 1% concession in applicable rate is available to children of Employees of

Government Department / Public Sector Undertakings like Banks, LICs
etc.,/Corporations, Blue Chip Companies and including Children of our staff
members.

Note : Rate of interest after cumulative concessions mentioned above shall

not be less than MCLR.

4. SYNDSARAL LOANS
Sl No Product Rate of interest
i SyndSaral One year MCLR + 4.85 %
ii SyndSaral (Non Salaried ) OSL One year MCLR + 3.85%
iii Loans against NSC, KVP, IVP, SV of LIC One year MCLR + 1.85%
Policy, RBI Relief Bonds
 Updated as on 31.08.2018

iv SyndConnect One year MCLR + 3.60%

v SyndSenior One year MCLR + 3.60%

5.SYNDMORTGAGE – LOAN AGAINST MORTGAGE

Sl No Product Rate of interest

i SyndMortgage One year MCLR + 2.85%

6. SYNDRENT – FINANCING AGAINST RENT RECEIVABLES /LRD

Sl No Category Rate of interest
i. Accounts classified as CRE One year MCLR + 2.85%
ii. Accounts classified as Non CRE One year MCLR + 2.10%

7. SYNDSWARNA – NON AGRICULTURE

Sl No Product Rate of Interest
i SYNDSWARNA-Non Agriculture – Bullet
repayment
( Repayable within 12 months)
ii SYNDSWARNA-Non Agriculture – EMI facility One year MCLR +
( Repayable within 36 months) 1.60%
iii SYNDSWARNA-Non Agriculture – 6Month 1 day
(Repayable within 6 month 1 day)
Note: Gold loans shall be sanctioned other than Agriculture Gold Loans.

8. OTHER RETAIL LOAN PRODUCTS

PRODUCT Rate of interest

Sl No
i SyndVarshini One year MCLR + 2.10%
ii SyndSolar One year MCLR +0.10%
Iii SyndVisharanthi Fixed rate 12.25%
 Updated as on 31.08.2018

II. MSME LOANS

A) MUDRA SCHEME :
Up to Rs 1.00 lakh
MUDRA Loans (Working Capital & Term One year MCLR
Loans)
(including Up to and
Weavers MUDRA Above Rs 1.00 lakh to Above One
inclusive of One
Scheme) year
Rs.10.00 lakhs year
MCLR+1.00% MCLR+1.25%

B) MICRO & SMALL ENTERPRISES:(SYNDUDYOG,SYNDVYAPAR& OTHER

MSME)

Credit facilities Upto and inclusive of Above One year

One year
MCLR+0.50% MCLR+0.75%
Up to Rs 50000/-

Above Rs 50000/- up to Rs 10.00 MCLR+1.00% MCLR+1.25%

lakhs
Above Rs 10.00 lakhs & up to Rs 100.00 Above Rs 100.00
Credit lakhs lakhs
Rating
Up to and Above One Up to and Above One
inclusive of year inclusive of year
One year One year

SYND 1 MCLR+ 1.25% MCLR+ 1.50% MCLR+ 1.25% MCLR+ 1.50%

SYND 2 MCLR+ 1.25% MCLR+ 1.50% MCLR+ 1.50% MCLR+ 1.75%

SYND 3 MCLR+ 1.50% MCLR+ 1.75% MCLR+ 2.50% MCLR+ 2.75%

SYND 4 MCLR+ 1.50% MCLR+ 1.75% MCLR+ 2.50% MCLR+ 2.75%

SYND 5 MCLR+ 2.00% MCLR+ 2.25% MCLR+ 3.00% MCLR+ 3.25%

SYND 6 MCLR+ 2.00% MCLR+ 2.25% MCLR+ 3.00% MCLR+ 3.25%

SYND7 &
MCLR+ 2.50% MCLR+ 2.75% MCLR+ 3.50% MCLR+ 3.75%
Below
 Updated as on 31.08.2018

C) MEDIUM ENTERPRISES (IRRESPECTIVE OF EXPOSURE):

Rating Up to and inclusive of one Above one year

year
SYND 1 MCLR + 1.50% MCLR + 1.75%
SYND 2 MCLR + 2.00% MCLR + 2.25%
SYND 3 MCLR + 2.75% MCLR + 3.00%
SYND 4 MCLR + 3.00% MCLR + 3.25%
SYND 5 MCLR + 3.25% MCLR + 3.50%
SYND 6 MCLR + 3.50% MCLR + 3.75%
SYND7 & Below MCLR + 3.75% MCLR + 4.00%

D) OTHER MSME PRODUCTS:

Sl Product Quantum of loan Rate of interest
Up to Rs 100.00 lakhs MCLR + 1.25%
1 SyndDoctor
Above Rs 100.00 lakhs MCLR + 1.75%

Up to Rs 100.00 lakhs MCLR + 1.25%

2 SyndProfessional
Above Rs 100.00 lakhs MCLR + 1.75%

Up to Rs 100.00 lakhs MCLR + 1.25%

3 SyndContractor
Above Rs 100.00 lakhs MCLR + 1.75%

Syndicate General Credit Card Scheme (SGCC)

Up to & inclusive of
Credit facilities Above one year
one year
a) Upto Rs 50000/- MCLR+0.50 % MCLR+0.75%

b) Above Rs 50000/- and

MCLR+1.00 % MCLR+1.25%
upto Rs 10.00 lakhs

c) Above Rs 10.00 lakhs As applicable for Micro and Small Enterprises