Catholic Syrian Bank Business Loan – Eligibility and EMI Calculator

Business Loan

Catholic Syrian Bank issues long term funds to promote the SME units. It grants the loan for various purposes, be it the expansion of existing unit, product diversification, plant upgradation or any other such purpose. These  loans are primarily secured against the fixed assets purchased through loan and the suitable collateral is offered as secondary security. The bank decides the lending amount on the basis of applicant’s requirement, business model and the repayment capacity of the individual. The rate of interest too is affected by the factors mentioned. The repayment schedule is decided as per the estimated cashflow of the business. For more details read the information given below :

Catholic Syrian Bank Business Loan Details

ParticularsDetails
Interest RateCustomised
Loan AmountNot specified
TenureNot specified
Processing FeeAs per bank's norms

How To Apply

To apply for the business loan visit the nearest Catholic Syrian Bank branch or avail the advantage of online banking. You can even call the customer care to inquire and apply for the loan.

Catholic Syrian Bank Business Loan EMI Calculator

Avoid the manual EMI calculation by using the EMI calculator that is designed to help the customers struggling hard to know the installment amount. It makes the calculation effortless and speedy. The result is computed in a very less time. You just need to put the required values in the calculator ( loan amount, tenure and rate of interest) to know your EMI.

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For Example – A customer wants to avail a loan of Rs. 10,00,000 for the period of 3 years at the rate of interest ranging between 11.95% p.a – 12.20% p.a, then his calculated EMI will range from Rs. 33,190 – Rs. 33,310.

Table Showing EMI, Total Interest Amount, Total Repayment Amount

Loan Amount
(in Rs.)
Interest Rate
(p.a.)
Tenure
(in years)
EMI
(in Rs.)
Total Interest Amount
(in Rs.)
Total Repayment Amount (Principal + Interest)
(in Rs.)
10,00,00011.95% – 12.20%188,825 - 33,31065,905 - 1,99,15710,65,905 - 11,99,157
10,00,00011.95% – 12.20%247,050 - 47,1671,29,203 - 1,32,00611,29,203 - 11,32,006
10,00,00011.95% – 12.20%333,190 - 33,3101,94,856 - 1,99,15711,94,856 - 11,99,157

Amortization Table

YearPrincipal
(in Rs.)
Interest
(in Rs.)
Balance Amount (in Rs.)
12,93,786 – 2,94,5691,03,711 – 1,05,9347,05,431 – 7,06,214
23,31,704 – 3,31,763 66,517 - 68,0163,73,668 – 3,74,510
33,73,995 – 3,74,84524,626 - 25,210

Eligibility Criteria for Catholic Syrian Bank Business Loan

The enterprise covered under the following constitutions :

  • Individual
  • Proprietorship
  • Partnership Firm (registered or unregistered)
  • Private and Public Limited Companies

Documents Required

The candidates are required to submit the KYC and financial documents to avail the loan. Below is the list of documents required :

List Of KYC Documents :

KYC Documents
PAN Card
Driving License
Valid Passport
Voter ID Card
Job Card issued by NREGA
The letter issued by the Unique Identification Authority of India containing details of name, address and Aadhaar number

Financial Documents Required

CategoryList of Documents
Self-Employed Individuals / Sole ProprietorshipsLatest audited ITR and financials for the last 2 years. (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules.)
Bank statements from the borrower's main account/s for last 6 months and 3 months of all other bank accounts mentioned in the Balance Sheet
For Partnership FirmsLatest audited ITR and financials for the last 2 years. (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules.)
Bank statements from the main account/s for last 6 months and 3 months of all other bank accounts mentioned in the Balance Sheet
Partnership Deed and partnership authority letter for partnership firms
Memorandum and Articles of Association and Board Resolution from the company
For Public / Private Limited CompaniesLatest audited ITR and financials for the last 2 years. (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules)
Bank statements from the main account/s for last 6 months and 3 months of all other bank accounts mentioned in the Balance Sheet
Memorandum and Articles of Association and Board Resolution from the company
Certificate of Incorporation (COI) for companies
Latest shareholding patterns for Private Ltd. / Public Ltd. companies
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Features and Benefits of Catholic Syrian Bank Business Loan

Following are the features and benefits of availing a business loan from Catholic Syrian Bank :

  • Quick Processing
  • Minimum Formalities
  • Competitive rate of interest
  • Personal contact with officer/ representative at your convenience

Factors Affecting Business Loan Eligibility

  • Loan Repayment track
  • Credit Performance / Credit Bureau Update
  • Debt servicing ability of the customer
  • Business Vintage
  • Financial Ratios
  • Existing relationship

Catholic Syrian Bank Customer Care Number

To resolve your queries and doubts or to apply for the loan call on the customer care number. You can speak to the executives on the toll-free helpline number 1800-266-9090. The executives will solve the query in the best possible way.

Catholic Syrian Bank Branches

The bank has the wide network of branches and ATMs spread across the country. The branches can be located in the following states of the country :

  • Maharashtra
  • Delhi
  • Kerala
  • Karnataka
  • Uttar Pradesh
  • Chandigarh
  • Punjab
  • Tamil Nadu
  • West Bengal
  • Andhra Pradesh
  • Gujarat
  • Goa
  • Haryana
  • Rajasthan
  • Orissa