Syndicate Bank, a popular public sector bank, offers Synd Nivas, a home loan for construction or acquisition of a new house. The loan under the scheme is also available for extending an existing house or buying furniture/fixtures for home improvement.
Sydicate Bank home loan provides flexibility in repayment options. The loan can be repaid in equated monthly instalments and the period of repayment can extend up to 25 years. Some elegible customers are also offered 18 months of repayment holiday. Loans taken for renovation of an existing home must be repaid within 5 to 7 years.
Sydicate Bank Housing Loan is available for self-employed people with minimum 5 years in business. Salaried people who have completed 5 years in service are also eligible for Synd Nivas. | 
