Tag Archives: Catholic Syrian Bank home loan

Catholic Syrian Bank Home Loan, Interest Rate and EMI Calculator 2019

(Updated on 23.01.2019) Catholic Syrian Bank Home Loan January 2019 –  Get Instant Quick & Easy Approval on Catholic Syrian Bank Home. Loansninsurances.com provide a simple tool to calculate your Home Loan EMI on the basis of ✓Interest Rate ✓Loan Tenure ✓Processing Fee ✓Eligibility ✓Best Offers & more.

GET INSTANT HOME LOAN QUOTES ONLINE

Professional Details
Loan Amount
Occupation
Yearly Income
City
Disclaimer: We do not provide Home Loans but help you to connect with banks to get best deals.
All loans are on sole discretion on the respective banks

Catholic Syrian Bank Home Loan

Catholic Syrian Bank, with its headquarter at Thrissur, is one of the leading oldest banks in the Indian Banking system. The Bank has a strong presence in semi-urban and urban India and also rural India with a wide network of over 430 branches and above 240 ATMs across India. Catholic Syrian Bank home loan can be availed to purchase plots for construction of houses, construction /renovation/ repair/alteration/addition to house/flat and also to buy a fully constructed home. Catholic Syrian Home Loan is offered to every class of people, whether resident Indians or non resident Indians, at reasonable and affordable rates of interest, minimum processing fee, various Home Loan EMI options and much more.

Catholic Syrian Bank Home Loan Features

  • Maximum loan amount is 75 % of construction/purchase cost.

  • Provides an extensive range of home loan products like Home Purchase Loans, Home Construction Loans, Home Extension Loans, Home Improvement Loans and Plot Loans.

  • Robust service delivery model, i.e. door step services.

  • Facility of enhancement in loan amount in the event of escalations in cost.

  • Various repayment options.

  • Home Loans for the purpose of self-construction of a residential house property.

  • Minimum prepayment charges applicable.

Catholic Syrian Bank Home Loan Interest Rate

Interest Rate 8.80% p.a – 9.05% p.a 

Processing fee range

0.50% of the loan amount.

Loan Amount

75% of purchase or construction cost of the property

Tenure

15 years to 20 years

Catholic Syrian Bank Home Loan Eligibility Criteria

  • Home loan for Individuals or for group of individuals.

  • Non Residential Indians with permanent jobs or having established businesses with proper flow of income are eligible for home loan.

  • Borrowers should have regular monthly income.

  • Security can be provided in the form of mortgaged land and the proposed building to be financed.

  • Age: For Salaried Individual (Resident Indians): till superannuation and for others: 65 years

For Salaried Individual (Non-Resident Indians): till superannuation or max. 60 years and for others: 65 years.

  • Repayment holiday is available for a maximum period of 12 months.

Catholic Syrian Bank Home Loan Documents Required

For Resident Indian Salaried Individuals& Self-employed Individuals

  • Latest salary slip / certificate.

  • Latest IT Return / Form 16.

  • Latest 6 months bank statement.

  • Latest ITR with computation for the last 3 years & financials.

For Non-Resident Indian Salaried Individuals& Self-employed Individuals

  • Latest salary slip or certificate attested by Embassy / Employer along with operating international bank account through which the salary gets disbursed.

  • Employment Contract documents viz. Valid work Permit, Copy of Visa stamped on Passport with entry / exit seal, A brief profile of the employer.

  • Evidence of income (financials) duly attested by Sponsored.

  • Operating international bank account and NRE Bank account statement for the last six months.

  • A brief profile of the business.

Other Documents required

  • Title deed, prior deeds and connected village & revenue records.

  • Estimate, approved plan and building permit should be submitted for construction loan.

  • Sale agreement mandatory for property purchase loan.

Catholic Syrian Bank home loan EMI Calculator

Catholic Syrian  HOME LOAN EMI Calculator

Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Home loan emi within seconds.
Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
 
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

For a loan against the amount of Rs 10,00,000 for 10 years at the interest rate of 10.25 % p.a the lowest EMI is Rs.13,354/-.

Home Loan Amount ( Rs. )

Interest Rate

(% p.a.)

Loan Tenure

( years )

Monthly Installment (EMI)

Total Interest Amount

Total Amount (Principal + Interest)

10,00,000

10.25%

1

88,032

56,386

10,56,386

10,00,000

10.25%

2

46,260

1,10,250

11,10,250

10,00,000

10.25%

3

32,385

1,65,849

11,65,849

10,00,000

10.25%

4

25,483

2,23,175

12,23,175

10,00,000

10.25%

5

21,370

2,82,216

12,82,216

10,00,000

10.25%

6

18,652

3,42,955

13,42,955

10,00,000

10.25%

7

16,731

4,05,374

14,05,374

10,00,000

10.25%

8

15,307

4,69,450

14,69,450

10,00,000

10.25%

9

14,214

5,35,157

15,35,157

10,00,000

10.25%

10

13,354

6,02,468

16,02,468

Catholic Syrian Bank home loan Amortization Table

Year

Principal

Interest

Balance Amount

1

60,539

99,709

9,39,461

2

67,044

93,204

8,72,417

3

74,250

85,998

7,98,167

4

82,227

78,021

7,15,940

5

91,065

69,183

6,24,875

6

1,00,849

59,399

5,24,026

7

1,11,686

48,562

4,12,340

8

1,23,687

36,561

2,88,653

9

1,36,975

23,273

1,51,678

10

1,51,791

8,553

0

Catholic Syrian Bank Home Loan MCLR w.e.f. 01.05.2018

Loan Tenure

MCLR (%)

Overnight

8.60%

One month

8.70%

Three months

8.90%

Six months

9.00%

1 year

9.90%

Catholic Syrian Bank home loan Contact

For any query or information kindly contact the customer care representative of Catholic Syrian Bank on 1800-266-9090 at any hour of the day.