Syndicate Bank Jammu

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About Syndicate Bank

Syndicate Bank, a public sector banking unit with an extensive branch and ATM network, is just the partner you need to go strong in your financial journey. Founded in 1925, the bank has constantly moved up the ladder by developing a variety of products that match the varied consumer requirements. From retail banking to MSME banking, the bank has been constantly acquiring new customers and retaining the existing ones. 

The history of the bank is interesting as it was founded by three individuals from diverse fields. Upendra Anantha Pai, a businessman, Vaman Kudva, an engineer and Dr. TMA Pai, a physician, joined together to form Syndicate Bank, which was earlier called as Canara Industrial and Banking Syndicate. In 1928, the bank introduced a small saving mobilization scheme, Pigmy Deposit Scheme. The customers were allowed to deposit the money in the bank accounts through the help of collection agents who were visiting their homes to provide the same service. But the success of the scheme can’t be described in words as it is still continuing with an average daily collection of around ₹ 2 crores. 

On the technology front, the bank has always been keeping a close eye on. In its series of technological innovation, the bank launched Centralized Banking Solution (CBS) and thus managed to strike a perfect coordination between the branches and ATMs. 

The presence of the bank has kept on increasing with the time. Now it has more than 3,000 branches and ATMs across the country. Add over 50 regional offices, the bank has widened its base considerably. It also operates in London, one of the key financial hubs globally. 

If you want to avail the services from Syndicate Bank in Jammu, a place of mountains, you can do that as well. Check out the branches of Syndicate Bank in your city Jammu. 

Syndicate Bank Jammu Branches 

Branch NameComplete AddressIFSCMICRContact Detail
JammuSant Palace, Purani Mandi, Jammu, Jammu & Kashmir- 180001SYNB00076401800250020191-2573005, 2573005
Channi HimmatNo 323, Sector 4, Channi Himmat, Jammu, Jammu, Jammu And Kashmir-180015SYNB0007641180025003

Products Offered by Syndicate Bank in Jammu 

Looking for Loans from Syndicate Bank in Jammu? You can apply for varied loans such as personal loan, home loan, car loan, loan against property and much more. The loans are appropriately designed to suit your tastes and let you fulfill your dreams. Now what you need to do is to select the products that can help you at best. Given below is a table showing the details of various products. Check out those and find a product or more from the list.

Loan Details of Syndicate Bank in Jammu

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 You Need to Obtain Loans from Syndicate Bank in Jammu

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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