Thinking About a Home Loan? Why Catholic Syrian Bank Could Be a Good
Choice:
A Bank with History : Catholic Syrian Bank Home Loan has been
around since 1920. They have built a reputation for putting customers first and being honest.
Reasonable Rates and Clear Fees : Catholic Syrian Bank
housing loan interest rate has some affordable rates, and they are upfront about their
fees which can make buying a home easier on your wallet.
Fast and Easy : They try to make the whole loan process simple
with easy paperwork, speedy approvals, and online tools to cut down on stress and waiting.
Wide Eligibility : Whether you are employed, self-employed, an
NRI, or applying with someone else (like a spouse), you're welcome to apply.
Local Feel, National Service : They are big in South and West
India, but with their online options they can help you wherever you are in the country.
Catholic Syrian Bank Home Loans
Standard Home Loan : Get a loan to buy, build, or fix your place.
This covers purchasing new or old houses, or even just renovating the home you have.
Plot + Construction Loan : Buy a plot of land and get money to
build on it, as long as you start building within the time they give you.
Improvement & Extension Loan : Need to fix a leaky roof or add a
new room? This loan is for home repairs and upgrades.
Balance Transfer : Move your home loan to Catholic Syrian Bank
for better rates and a smoother experience.
Top-Up Loan : Need extra cash for your current Catholic Syrian Bank home loan?
This one's for you.
Catholic Syrian Bank Home Loan Interest Rates
| Loan Amount / Category |
Interest Rate (p.a.) |
Tenure |
Processing Fee |
| Up to ₹75 lakh |
8.30% – 8.63% |
Up to 20 years |
0.50% of the loan amount |
| Above ₹75 lakh |
~8.80% – 9.69% |
Up to 20 years |
0.50% of the loan amount |
| All Loans (Women/Special Rates) |
Preferential as announced |
Up to 20 years |
0.50% of the loan amount |
Catholic Syrian Bank housing loan interest rate offers home loans
with floating interest rates starting at 8.30% per year for the best customers. The rate can go
up to 9.69% if you're borrowing a lot or are seen as a higher-risk borrower. You can pay it back
over 20 years if you live here, or up to 15 years if you are an NRI. There's a processing fee of
0.50% of the loan. The good news is that there are no charges if you want to pay off the loan
early!
Processing Fees & Home Loan Eligibility Criteria
There is a small fee for processing your loan, 0.50% of the loan, plus GST. There might be a
minimum or maximum amount.
To be eligible, this is what you need for Best home loan from Catholic Syrian Bank
Nationality : Both residents and non-Indian residents (NRIs) can
apply.
Who Can Apply:
Age: You need to be at least 21, and no older than 65 when the
loan ends.
Income :You will need a stable provable income, whether you are
employed or work for yourself.
Loan Margin :We can lend up to 75% of what the property costs.
Some people may need to chip in more upfront.
Time to repay : The residents can take up to 20 years, while NRIs
have up to 15 years.
Co-applicants : Your spouse or close family can apply with you
to help you get approved.
Credit Score : A good credit score could get you a better rate
and a bigger loan.
Required Documents for Catholic Syrian Bank Home Loan Application
To apply, you will need:
A completed application form with recent passport photos.
Proof of Identity : For the proof, you must have your Aadhaar,
PAN, Passport, Voter ID, or Driving License.
Address proof : The proof of address includes a utility bill,
Aadhaar, Passport, or bank statement.
Income Proof -
If you are salaried : Bring 3–6 months of salary slips, your Form
16, and a year's bank statement.
If you are self-employed : We need 3 years of IT returns, audited
financial statements, proof that your business is ongoing, and a year's bank statement.
Property documents : It includes the sale agreement, title deed,
approved building plan, a valuation report, and recent property tax receipts.
Photos : Passport-sized photos of both you and any co-applicants.
Processing Fee : A cheque covering the fee (amount depends on the
loan size).
If you are an NRI : It includes your work permit, visa copy,
passport copy, NRE/NRO account statement, an overseas credit report, and a Power of Attorney.