Syndicate Bank Chandigarh

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About Syndicate Bank 

Just as the country was wrestling against the British regime to gain the freedom, there were three gentlemen thinking something else i.e. to form a bank. It was due to their endeavours that Syndicate Bank, which you see today, was made a reality in 1925 in Udupi, the coastal part of Karnataka. And what’s interesting in the foundation of the bank is that their founders came from different fields altogether. Upendra Ananth Pai, a renowned businessman, a physician TMA Pai and an engineer Vaman Kudva were behind the formation of Canara Industrial and Banking Syndicate, the previous name of Syndicate Bank. 

Few years down the line, the bank officials would not have dreamt that a small saving mobilization plan could become a rage and will still remain existent. It was way back in 1925 when that plan was launched by the bank. The agents were visiting the residence of customers to pick up the money from them. The collected money was getting deposited in the bank. This magnanimous scheme captured the imagination of the masses like a duck takes to water. The scheme, titled Pigmy Deposit Scheme, still allows the bank to get customer deposits of ₹ 2 crores on a daily basis, demonstrating the mega success of the scheme. 

After 4 decades of operation as a private entity, the bank was nationalized in 1969. Since then, the bank has been achieving new growth levels and mastering the art of banking services. To improve the networking of the branches and ATMs, the bank has introduced Centralized Banking Solution (CBS), showcasing the increased focus of the bank to update its technology to stay ahead in an intensely competitive banking space. 

The bank eyes on developing customized products to suit the taste of varied consumers. As a result, it has been able to move well in the areas of retail, corporate, international, SME and rural banking verticals. The bank has developed different products of both deposits and loans to tap into the needs of customers across these verticals. 

As far as the bank’s network is concerned, it is impressive with the total number of branches and ATMs totaling to more than 3,000 in India. Be it the tier-I city to a less known town, the bank has spread its wings extensively in India’s geographical landscape. Also, the bank operates in London. 

Chandigarh, the capital city of both Punjab and Haryana, has 5-10 branches of Syndicate Bank. Looking for a complete address, IFSC, MICR code and other details of the branches in the city? Here’s the table below that can serve your purpose.

Syndicate Bank Chandigarh Branches

Branch NameComplete AddressIFSCMICRContact Detail
ChandigarhSCO 66-67 Sector 17 B, Bank Square, Chandigarh-160017SYNB00096501600250010172-2703328, 2702931
Chandigarh Sector 38Sco 174-175, Sector-38, Chandigarh-160014SYNB00096521600250040172-2692830
Sector 47Mount Carmel School, Sector 47, Chandigarh-160047SYNB00096531600250080172-2631456
Sector 36APunjab State Board Of, Technical Education, Sector 36A, Chandigarh- 160036SYNB00096541600250070172-2622762
Chandigarh Regional OfficeChandigarh Regional Office, Bank Square SCO 76-77, Sector 17 B, Chandigarh- 160 017, SYNB00096511600259990172-2728603, 2704417, 2703721, 2703689

Products Offered by Syndicate Bank in Chandigarh 

The bank has kept with itself a bouquet of loans and deposits to offer to the people living in Chandigarh. Based on what you aspire, the bank has a product to keep you interested all the time. If you are planning a trip to the UK, a customized personal loan offer is there for you to avail of. A car is something that can fill the void in your life, a car loan from the bank is what can serve the very purpose. A quick look at the table can let you understand about the products. 

Basic Loan Details of Syndicate Bank in Chandigarh

ProductsEligibilityLoan AmountInterest RateProcessing FeeTenure
Synd Saral (Personal Loan)Permanent employees working in state or central govt units, reputed private firms, teachers, pensioner, doctors, professionals, etc.Not more than annual gross salary12.40% - 13.65%0.5% of the loan amount with a minimum of ₹ 500 plus service tax, as applicableUpto 5 Years
Synd Nivas (Home Loan)Available to resident Indians, NRIs holding the Indian Passport, Person of Indian Origin, Hindu Undivided Families (HUFs)Upto 70%-90% of the property value8.75%0.125% of the loan amount
Minimum- ₹ 500
Maximum-₹5,000
Upto 30 Years
Synd Vahan (Car Loan)Minimum annual income should not be less than ₹2 lakhs.

Individuals, proprietors, partnership firms, agriculturists, trusts and few others are eligible to receive the loan.
Upto 95% of the on-road price or 3 times the gross annual income, whichever is lower for new cars.
Used car finance is limited to 10 lakhs or 70% of the valuation amount, whichever is lower
9.10%As applicable by the bankUpto 7 years for new cars

Upto 5 years for used cars
Synd Rent Residential or commercial property owners who have let out the property to government, reputed firms and even Syndicate Bank's premisesUpto 80% of the rent receivables, based on the unexpired lease period10.75%-11.25% p.a.As applicable by the bankUpto 10 Years
Synd Vidya Scheme (Education Loan)Students who have got the admission to a recognized institution either in India or abroadUpto ₹ 10 Lakhs in India
Upto ₹ 20 Lakhs Overseas
10.25%-11.50% p.a.NILUpto 15 Years
Synd Mortgage SchemeResidential or commercial property owners belonging to both salaried and non-salaried classesFor salaried-10 times of the net annual income
For non-salaried-10 times of last 3 years average gross annual income
11.50%-11.75% p.a.As applicable by the bankUpto 10 Years

Documents Sought by Syndicate Bank for Loans in Chandigarh

DocumentsSalaried Self-employed
Synd Saral (Personal Loan)Identity Proof- PAN Card/Voter ID/Aadhaar card/Passport
Residence Proof-Utility Bill/Aadhaar Card/Passport/Voter ID
Income Proof-Salary Slips for Last 3 Months, Form 16 for Last 2 Years, Last 6-month Bank Statement
Identity Proof- PAN Card/Voter ID/Aadhaar card/Passport
Residence Proof-Utility Bill/Aadhaar Card/Passport/Voter ID
Income Proof-Salary Slips for Last 3 Months, Form 16 for Last 2 Years, Last 6-month Bank Statement
Synd Nivas (Home Loan)Identity Proof- PAN Card/Voter ID/Aadhaar card/Passport
Residence Proof-Utility Bill/Aadhaar Card/Passport/Voter ID

Income Proof-Salary Slips for Last 3 Months, Form 16 for Last 2 Years, Last 6-month Bank Statement

Property Documents Showing Cost Estimate, Property Registration Copy
Identity Proof- PAN Card/Voter ID/Aadhaar card/Passport
Residence Proof-Utility Bill/Aadhaar Card/Passport/Voter ID
Income Proof-Salary Slips for Last 3 Months, Form 16 for Last 2 Years, Last 6-month Bank Statement
Property Documents Showing Cost Estimate, Property Registration Copy
Synd Vahan (Car Loan)Identity Proof- PAN Card/Voter ID/Aadhaar card/Passport
Residence Proof-Utility Bill/Aadhaar Card/Passport/Voter ID
Income Proof-Salary Slips for Last 3 Months, Form 16 for Last 2 Years, Last 6-month Bank Statement
Margin Copy, Car Registration Copy
Identity Proof- PAN Card/Voter ID/Aadhaar card/Passport
Residence Proof-Utility Bill/Aadhaar Card/Passport/Voter ID
Income Proof-Salary Slips for Last 3 Months, Form 16 for Last 2 Years, Last 6-month Bank Statement
Margin Copy, Car Registration Copy
Synd RentIdentity Proof- PAN Card/Voter ID/Aadhaar card/Passport
Residence Proof-Utility Bill/Aadhaar Card/Passport/Voter ID
Income Proof-Salary Slips for Last 3 Months, Form 16 for Last 2 Years, Last 6-month Bank Statement
Identity Proof- PAN Card/Voter ID/Aadhaar card/Passport
Residence Proof-Utility Bill/Aadhaar Card/Passport/Voter ID
Income Proof-Salary Slips for Last 3 Months, Form 16 for Last 2 Years, Last 6-month Bank Statement
Synd Mortgage SchemeIdentity Proof- PAN Card/Voter ID/Aadhaar card/Passport
Residence Proof-Utility Bill/Aadhaar Card/Passport/Voter ID
Income Proof-Salary Slips for Last 3 Months, Form 16 for Last 2 Years, Last 6-month Bank Statement
Documents of the property to be mortgaged
Identity Proof- PAN Card/Voter ID/Aadhaar card/Passport
Residence Proof-Utility Bill/Aadhaar Card/Passport/Voter ID
Income Proof-Salary Slips for Last 3 Months, Form 16 for Last 2 Years, Last 6-month Bank Statement

Documents of the property to be mortgaged

 

 

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