Syndicate Bank Mumbai

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About Syndicate Bank 

Over 3,000 branches and ATMs is basically the identity of public lender Syndicate Bank, according to the most. But how the bank travelled along to reach this position may not be known to you, right! Actually, the bank was gifted to the Indian society by three individuals- Vaman Kudva, Upendra Anantha Pai and TMA Pai. Notwithstanding the different backgrounds, these three gentlemen were on the same page as far as establishing the bank was concerned. 1925 was the year when the efforts of these three came into ground. Yes, Syndicate Bank was born and so arose the curiosity of people towards the same. 

The excitement got to the new level when the bank had rolled out a unique service of picking the deposits of customers at their doorstep. The service was none other than Pigmy Deposit Scheme, which now counts among the successful programs the bank has rolled out in its 92-year old vigil. The bank receives a collection of nearly ₹ 2 crores on the back of this scheme. And looks like, the scheme is gonna continue forever. 

The result of the service along with the smooth functioning of the bank translated into the bank getting acquired by the Government of India in 1969. After this glorious moment, the bank never looked back as it moved on the path of continuing growth in various fields of banking serving a large number of customers. The bank has been exceptional in creating a huge bunch of clients in retail, corporate, NRI, rural and MSME categories. 

How does the bank manage such huge client base? Valid question, right! It’s due to the competent professionals and the key focus on introducing new technologies to impress upon the customers. The professionals of the bank are highly dedicated to the customer’s cause and provide appropriate suggestions to enable sound financial decisions. As far as technology is concerned, it has brought many including the Centralized Banking Solution (CBS) to strike a perfect co-ordination between the branches and ATMs. 

From a paid-up capital of ₹ 8,000 in 1925, the bank has grown its business into crores through advances and deposits. In the process, the bank has established over 3,000 branches and ATMs across India, a point stated at the start of the show. In addition, the bank has set up over 50 regional offices to take stock of the branch work across several regions of the country. The overseas operation is also taken care of with a branch in London, the UK. 

Mumbai, the ‘Mayanagri’ as we famously call, is a home to around 70-100 branches of Syndicate Bank. So all you ‘Mumbaikars’ wherever you are, there is a whole lot of information regarding the branches, their address, IFSC, MICR and others to catch upon the moment you get your eyes on the below table. 

Syndicate Bank Mumbai Branches

Branch NameComplete AddressIFSCMICRContact Detail
Mumbai Central Accounts OfficeLawrence & Mayo House, 2Nd Floor; 276 D N Road, Fort Mumbai, Mumbai, Brihan Mumbai, Maharashtra-400001SYNB0005003400025001022-22075943, 22071726, 22079996
MatungaGurudev Mansion Matunga Estate, K A S. Road, Matunga, Mumbai, Brihan Mumbai, Maharashtra-400019SYNB0005005400025028
Mulund543 Sagar Nivas, Netaji Subhash Road, Mulund West, Mumbai, Brihan Mumbai, Maharashtra-400080SYNB0005006400025030
Broach Street56, Ashok Chambers, 1St Floor, 56 Devaji Rajanshi Marg, Broach Street-Masjid (East), Mumbai, Brihan Mumbai, Maharashtra-400009SYNB0005007400025013022-23480079, 23480625, 23483866
KharKuky Villa , 4Th Road, Khar (West), Mumbai, Brihan Mumbai, Maharashtra-400052SYNB0005008400025020
Chembur82-B, Pokar Mansion, NG Acharya Marg, Chembur, Mumbai, Brihan Mumbai, Maharashtra-400071SYNB0005009400025009022-25215123, 25214496, 25212015
Andheri EastSangam Cinema Compound, 127, Andheri Kurla Road, J.B.Nagar, Andheri East, Mumbai, Brihan Mumbai, Maharashtra-400059SYNB0005011400025002022- 28320715, 28329537, 28327283
TardeoGold Coin A Plot No 1/407, P.T.M. Malaviya Road, Near Haji Ali, Tardeo, Mumbai, Brihan Mumbai, Maharashtra-400034SYNB0005012400025036
Lamington Road167, Navyug Nivas, Opp Minerva Cinema, Dr Dadasaheb Bhadkamkar Marg, Mumbai, Brihan Mumbai, Maharashtra-400007SYNB0005013400025022
Colaba4 & 5 Kartar Bhavan, Arthur Bunder Road, Colaba Cause Way, Colaba, Mumbai, Brihan Mumbai, Maharashtra-400005SYNB0005014400025010022-22838344, 22851903, 22830674
Kalbadevi1 Ganeshwadi, Zaveri Bazar, Kalbadevi, Mumbai, Brihan Mumbai, Maharashtra-400002SYNB0005015400025018
Malabar Hill12 J M Mahta Road, Shreepal Nagar, Malabar Hill, Mumbai, Brihan Mumbai, Maharashtra-400006SYNB0005016400025025
GoregaonSahyagiri, Plot No 3 & 4, Samant Estate, Goregaon East, Mumbai, Brihan Mumbai, Maharashtra-400063SYNB0005017400025016022-26864907, 26864904
Pali HillRukhsana Apartment, Plot No 11, Dr Ambedkar Road, Union Park, Pali Hill, Mumbai, Brihan Mumbai, Maharashtra-400052SYNB0005018400025005
International Business Branch2nd Floor, 10, Homji Street, Fort, Mumbai, Maharashtra-400023SYNB0005020400025077
Malad East22 A Shivam Building, Subhash Lane, Daftary Road, Malad East , Mumbai, Brihan Mumbai, Maharashtra-400097SYNB0005021400025024
Andheri West210/C, Vimal Apartments, C D Barfiwala Marg, Juhu Lane, Andheri West, Mumbai-400058SYNB0005022400025003022-26207208, 26207179
Vile ParleJal Palace, Shradhanand Road, Vile Parle East, Mumbai, Brihan Mumbai, Maharashtra-400057SYNB0005023400025038
Santacruz EastDr Dadhich House, Near Santacruz Railway Station, Santacruz East, Mumbai, Brihan Mumbai, Maharashtra-400055SYNB0005026400025035

Products Offered by Syndicate Bank in Mumbai 

Staying in Mumbai and in need of loans to meet your requirements? Choose from the above branches of the city. The loans available at these branches include a personal loan, car loan, home loan, loan against property, and much more. These loans are offered at attractive interest rates with flexible repayment tenure for you to feel comfortable with. So, without any delay, let’s get started with the details of these loans in a below table. 

Loan Details of Syndicate Bank in Mumbai

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 salary13.50%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 value

8.75%

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

9.40%

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 Required to Avail Loans from Syndicate Bank In Mumbai

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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