Syndicate Bank Chennai

Banks 144 views

About Syndicate Bank 

Isn’t it amazing to note that people from different walks of life coming together to establish a bank? But that has how things panned out for Syndicate Bank, which you could see in your town. At a time when the country was seeing the martyrs laying down their lives for the country, there were three gentlemen who wanted to revolutionize the banking industry. Little did they know that the bank would go down as one of the most successful banks in India. Upendra Anantha Pai, an influential businessman, an engineer Vaman Kudva and a physician Dr. TMA Pai all combined together to form Canara Industrial and Banking Syndicate, which was the earlier name of Syndicate Bank. The bank was founded by these gentlemen in 1925. Three years later, the bank came up with Pigmy Deposit Scheme to mobilize small savings. But hardly the founders would have got the sniff of its grand success. The scheme is still ruling with the bank garnering a collection of ₹ 2 crores via the scheme. 

Be it the success of the scheme or its modus operandi, the government took note of the bank’s development and finally got it under its control in 1969, more than 4 decades after the bank was founded. After that, the bank’s growth started to move up all the time. And it is due to the distinct strategies, the bank has managed to create its own space across a myriad of banking verticals- retail, corporate, international, MSME, rural, etc. 

When it comes to the presence of the bank, it has a robust branch and ATM network, serving varied customer requirements. Both branches and ATMs of the bank are over 3000, exemplifying its massive reach in the country. The bank also maintains an operational presence in London, the UK. 

Chennai, the city of temples and beaches, is full of Syndicate Bank branches. The total branch count would be around 60-70 in the city. From the main street to Mylapore, the bank has covered the Chennai territory well. If you want to avail the banking services of Syndicate Bank in Chennai, the below table will help you reach to your nearest branch comfortably. 

Syndicate Bank Chennai Branches

Branch NameComplete AddressIFSCMICRContact Detail
Armenian Street69 Armenian Street, Chennai, Tamil NaduSYNB0006000600025003044-25223505, 25224101, 2522410
Perambur53/2 Patel Road Lane, Perambur, Chennai, Tamil Nadu-600011SYNB0006001600025012044-25511942 25512746
NandanamPB No.3359, Tamil Nadu Housing Board Building, 331 Anna Salai, Nandanam Chennai, Chennai, Tamil Nadu-600035SYNB0006004600025010044-24343226 24344384
Royapettah16 Masilamani Road, Balaji Nagar, Royapettah, Chennai, Tamil Nadu-600014SYNB0006005600025014
KodambakkamIst Floor Chitra Towers, 332/2 Arcot Road, Kodambakkam, Chennai, Tamil Nadu-600024SYNB0006007600025006044-24801032, 24802935
PurasawalkamSowdha Plaza, No.201, , Purasawalkam High Road, Purasawalkam, Chennai, Tamil Nadu-600007SYNB0006008600025013
Teynampet170 Eldams Road, Teynampet, Chennai, Tamil Nadu, 600018SYNB0006010600025017
Triplicane287 Dr. Natesan Road, Opposite To Ice House Police Station, Triplicane, Chennai, Tamil Nadu-600005SYNB0006011600025016
Mint StreetPB No.74, 479 Mint Street, Sowcarpet, Chennai, Tamil Nadu-600079SYNB0006012600025007044-25202973, 25202965
George TownAVC Plaza, 168 Govindappa Naicken Street, George Town, Chennai, Tamil Nadu-600001SYNB0006013600025005044-25369408, 25369831
Egmore16, Police Commissioner Off, Road, Egmore,Chennai, Tamil Nadu-600008SYNB0006014600025004044-28190334, 28192793
Mylapore245 Ramakrishna Mutt Road, Mylapore, Chennai,Tamil Nadu-600004SYNB0006015600025009044-24641769, 24643739
NungambakkamSatya Plaza, No 7, Thirumurthy Nagar, Main Road, Nungambakkam, Chennai, Tamil Nadu-600034SYNB0006018600025011044-28260806, 28270043
Arumbakkam364 Poonamalle High Road, Amminjikarai, Post Arumbakkam, Chennai, Tamil Nadu-600106SYNB0006021600025002044-23634590, 23634624
PeravallurPlot No 2/17, Balaram Reddy Street, Opposite TVK Nagar Bus Terminus, Peravallur, Chennai, Tamil Nadu-600082SYNB0006023600025020044-26713673
Chennai Overseas12, Smith Road, Off Mount Road, Chennai, Tamil Nadu-600002SYNB0006024600025024044-28520379, 28523099
Fort.St.GeorgeFort.St.George, Chennai, Tamil Nadu-600009SYNB0006025600025021044-25670363
Mylapore245 R K Mutt Road, Mylapore, Chennai, Tamil Nadu-600004SYNB0006026600025025044-24618154, 24935048
Anna NagarPlot No 1742 18Th Main Road, West Anna Nagar, Chennai, Tamil Nadu-600040SYNB0006028600025027044-26184104, 26182933

Products Offered by Syndicate Bank in Chennai 

Be it a personal loan to meet all your personal needs or a car loan to bring home the all new car, Syndicate Bank offers you a wide range of options to fulfill your financial needs in the city of Chennai. As any intelligent customer, you would want to know the offers in detail, right. To help you decide on opting Syndicate Bank for your financial goals, the details of various products are explained in a table below. Glance there to know the details.

Basic Details of Syndicate Bank Loans in Chennai

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 salary12.25% - 13.25%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 value8.50%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
9.15%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 Chennai

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

You May Also Read