Catholic Syrian Bank Personal Loan Interest Rates
The floating rate of interest offered by Catholic Syrian bank on the personal loan is 18.25%. The reason for floating interest rate is that the interest rate depends upon the duration of the tenure of loan against the fixed interest rate which is constant throughout the loan tenure. In case of salaried individuals, the bank gives 10 times the monthly salary in the form of the utmost loan amount for the borrower. Also, the bank needs one person as the guarantor who is already an employee in the same organization for 5 years and also should guarantee maximum 2 people.
Table comprising Catholic Syrian bank interest rates
|
Particulars |
Salaried |
|
Processing Fee |
Least amount of processing fee Up to Rs.25,000: NIL. |
|
Prepayment/Foreclosure Charges |
Not Applicable |
|
Lowest EMI |
Not Applicable |
|
Loan Tenure |
Maximum: 60 months |
|
Interest rate |
12.00% to 19.00% per annum |
|
Age |
None of the specifications |
|
Loan Amount |
Note: Total deductions towards loan repayment should not exceed 50% of gross salary. 10 times of gross monthly salary with regards to upper ceiling fixed time to time by the bank. |
Aspects that influence interest rates of Catholic Syrian Bank
- Income: This is one of the significant factors for setting up the interest rate. This is an obvious fact that if the bank will provide you the loan then the entity should be ensured that the borrower has the capability to repay the loan amount. There must be fixed source of income for regular payments.
- Age group: bank prefers to charge the younger applicants high rate of interest as they often are unhealthy and doesn’t possess the extreme quality of repaying the loan.
- Loan tenure: Suppose loan is applied for 2 and 5 years by applicants. The 2-year loan tenure will have a high-interest rate.
- The connection between bank and applicant: Lower interest rate will be given to the applicant who is a regular customer and has repaying capabilities.
Personal Loan Interest Rates by Banks
- Allahabad Bank Personal Loan Interest Rates
- Andhra Bank Personal Loan Interest Rates
- Axis Bank Personal Loan Interest Rates
- Bank of Baroda Personal Loan Interest Rates
- Bank of India Personal Loan Interest Rates
- Bank of Maharashtra Personal Loan Interest Rates
- Canara Bank Personal Loan Interest Rates
- Catholic Syrian Bank Personal Loan Interest Rates
- Central Bank of India Personal Loan Interest Rates
- Citibank Personal Loan Interest Rates
- City Union Bank Personal Loan Interest Rates
- Corporation Bank Personal Loan Interest Rates
- Dena Bank Personal Loan Interest Rates
- Deutsche Bank Personal Loan Interest Rates
- Federal Bank Personal Loan Interest Rates
- Fullerton Personal Loan Interest Rates
- HDFC Bank Personal Loan Interest Rates
- ICICI Bank Personal Loan Interest Rates
- IDBI Bank Personal Loan Interest Rates
- Indian Overseas Bank Personal Loan Interest Rates
- IndusInd Bank Personal Loan Interest Rates
- Karnataka Bank Personal Loan Interest Rates
- Karur Vysya Bank Personal Loan Interest Rates
- Kotak Bank Personal Loan Interest Rates
- Lakshmi Vilas Bank Personal Loan Interest Rates
- Nainital Bank Personal Loan Interest Rates
- Oriental Bank of Commerce Personal Loan Interest Rates
- Punjab and Sind Bank Personal Loan Interest Rates
- Punjab National Bank Personal Loan Interest Rates
- RBL Bank Personal Loan Interest Rates
- South Indian Bank Personal Loan Interest Rates
- Standard Chartered Bank Personal Loan Interest Rates
- State Bank of Hyderabad Personal Loan Interest Rates
- State Bank of India Personal Loan Interest Rates
- State Bank of Mysore Personal Loan Interest Rates
- State Bank of Patiala Personal Loan Interest Rates
- State Bank of Travancore Personal Loan Interest Rates
- Syndicate Bank Personal Loan Interest Rates
- Tamilnad Mercantile Bank Personal Loan Interest Rates
- Tata Capital Personal Loan Interest Rates
- UCO Bank Personal Loan Interest Rates
- Union Bank Personal Loan Interest Rates
- United Bank of India Personal Loan Interest Rates
- Vijaya Bank Personal Loan Interest Rates
- YES Bank Personal Loan Interest Rates