Syndicate Bank Education Loan in Hyderabad City

Syndicate Bank Education Loan Interest Rates in Hyderabad (20 Sep 2024)

Interest Rates8.60% to 11.35%
Loan Amounta) For studies in India, maximum Rs. 10 Lakhs.
b) For studies abroad, maximum Rs. 20 Lakhs.
Loan TenureIn 10 to 15 years after the Holiday | Moratorium Period
RepaymentRepayment Holiday| Moratorium: Course Period + 1 year or 6 months after getting job, whichever is earlier.
The loan to be repaid in 10 - 15 years after commencement of the repayment.
Processing Fee0.15% to 0.50% of loan amount
GuarantorRequired, if loan amount exceeds Rs 4 lakhs
Co-applicantMust, can be parents, sibling or spouse
CollateralRequired, if loan amount exceeds Rs 7.50 lakhs

Syndicate Bank Education Loan Branches in Hyderabad

Branch AddressIFSCMICR
Plot No 1, Sy No 7879, Mamidipally, Nizamabad Dist, Armoor, Andhra Pradesh, 503224, IndiaSYNB0003538503025202
D No37 74 1, Plot No E 76, Survey No 218 1 3, Near Bawarchi Hotl, Neredmet X Roads, Dist Secunderabad Telangana India -500056SYNB0003439NA
Dno 6 2 983 Ist Floor Diamond Towers Main Road Khairatabad Hyderabad Andhra Pradesh 500004SYNB0003438NA
Survey No 371 Main Road Nallagandla Telangana Hyderabad Andhra Pradesh 500019SYNB0003435NA
131 132 Kphb Colony Phase Vi Malaysian Township Area Telangana Hyderabad Andhra Pradesh 500072SYNB0003434NA
Near Chirec Public School Main Road Kondapur Hyderabad Andhra Pradesh 500084SYNB0003433NA
Syndicate Bank, A S Rao Nagar Branch H No 1 1 262 87, Srinivasa Nagar A S Rao Nagar, Kapra Secunderabad Telangana India 500062SYNB0003432NA
Balaji Nagar Colony H No B-32/4-238 Mohan Rao Colony Jawahar Nagar Balaji Nagar Shameerpet Mandal R R Telangana India 500078SYNB0003431NA
No 1188 To 92, Netaji Road, Badepally Village, Mehaboobnagar Dist, Jadcherla, Andhra Pradesh, 509301, IndiaSYNB0003421509025682
H No 8 1 61, 62, 62 By 1 And 62 By 6 Survey No 91 By P Old Bowenpally Hyderabad Ap 500011SYNB0003316NA
No 4 2 10, Plot No 1 Bhagyalatha Bus Stop Hayatnagar Hyderabad Andhra Pradesh 501506 IndiaSYNB0003315NA
8 5 140by105 Opp Shivarampal Police Stn Durgangr Clny Mailreddypally Rajendra Ngr Cir Hyd Ap 500005SYNB0003114NA
Grd Floor, Archies Raibow Bldg, Plot No 5 Survey No 30, Plr No 180, Upparapalli Main Road, Attapur, HydSYNB0003112500025050
Main Road, Opp Ratnadeep, Miyapur, Hyderabad, Andhra Pradesh, 500072SYNB0003111500025088
D No 359, Near Panchat Off, Rajendra Nagar, Rangareddy, Manchirevula, Ap, 500089SYNB0003097500025084
A 1 A Electronic Complexecil Cross Road, Kushaiguda Hyderabad 500062SYNB0003096500025080
No 4237 By 383940, Bsnl Bhavan Road, Ward No 24, Opp Surya Gas, Vikarabad, Andhra Pradesh, 501101, IndiaSYNB0003095501025002
Ground Floor, Sirinagar Chitra Layout, Ntr Nagar L B Nagar Po Hyderabad 500074SYNB0003087500025069
Sri Tirumalas Subhas, First Floor, Kthaguda X Roads, Serilingampally Mandal, Hyderabad 500084SYNB0003086500025073
Plot No 57 Survey 201, Phase I Vanasthalipuram, Ranga Reddy District, Hyderabad, Andhra Pradesh, 500070SYNB0003073500025085
Grd Flr, Blk No 1, Sy No 26 By A 28a, Karmanghat, Jillellaguda, Saroornagar, Hyderabad, Ap, 500060SYNB0003072500025089
Door No A 30 Ap Industrial Estate, Shankar Towers, Balanagar, Hyderabad 500037SYNB0003069500025070
Sardar Patel Road, Near Shopper Stop, Begumpet, Hyderabad 500016SYNB0003068500025068
Opp Erram Manzil Somajiguda Hyderabad Andhra Pradesh 500 082SYNB0003067500025996
Assest Recovery Management Br Shamshergunj HyderabadSYNB0003065500025998
6 2 915, Ii Floor, West Block, Hmwsandsb Building, Khairatabad, Hyderabad 500004SYNB0003053500025994
6 3 915, Ii Floor, West Block, Hmwsandsb Building, Khairatabad, Hyderabad 500004SYNB0003040500025995
Ro 6 3 653 Pioneer House, Opp Erra Manzil, Somajiguda, HyderabadSYNB0003037500025999
Door No 5 2 1071, Ist Flr, Nizam Shahi Rd, Hyderabad, ApSYNB0003026500025001
1st Floor, Varalaxmi Complex, M G Road, Secunderabad 500 003SYNB0003001500025993
H No-4-1-13/1, Nacharam Main Road, Opp Heritage Super Market, China Market Shed, Nacharam, Hyderabad, Telangana India 500076SYNB0003436NA

Overview: Syndicate Bank Education Loan in Hyderabad

Syndicate Bank is one of the largest Banks in India. It offers various products & services to its millions of satisfied customers. It has its presence across all major and important cities in India.

Syndicate Bank provides variety of Education Loan schemes in Hyderabad at very competitive & affordable interest rates. It extends Education Loan comprising great features like flexible tenures, simple processing and quick personalised service. You have got a facility to browse through many Education Loans offered by Hyderabad and choose the one that suits your requirement.

Why to choose Syndicate Bank Education Loan in Hyderabad?

Eligible Courses for Syndicate Bank Education Loan in Hyderabad

For studies in India:

  1. Approved courses leading to graduate|post graduate degree and P G diplomas conducted by recognized colleges|universities recognized by UGC|Govt.| AICTE| AIBMS| ICMR etc.
  2. Courses like I.C.W.A., C.A., C.F.A., etc.
  3. Courses conducted by IIMs, IITs, IISc, XLRI, NIFT, NIDetc.
  4. Approved courses offered in India by reputed foreign universities.
  5. Regular Degree|Diploma courses like Aeronautical, pilot training, shipping, degree|diploma in nursing or any other discipline.approved by Director General of Civil Aviation|Shipping|Indian Nursing Council or any other regulatory body as the case may be, if the course is pursued in India.
  6. Approved by Head Office and included in approved educational institutions list.
  1. Graduation: For job-oriented professional|technical courses offered by reputed universities. (Diploma|Certification courses are not permissible)
  2. Post Graduation: Courses like MCA, MBA, MS etc.
  3. Courses conducted by CIMA-London, CPA in USA etc.
  4. Degree | Diploma: Courses like Aeronautical, Pilot training, and Shipping etc. provided these are recognized by competent regulatory bodies in India| abroad for the purpose of employment in India and abroad.

How to Apply for Syndicate Bank Education Loan in Hyderabad

You can apply in any of the following 2 ways:

Method (1) Apply online through the website of Axis Bank by filling up the application form for education loan, mentioning personal & other required details and by uploading the necessary documents.

Method (2) Visit Axis Bank branch along with required documents/ education certificates, meet the concerned person and complete the education loan application formalities there.

The parent(s), sibling, spouse or legal guardian will be treated as a co-applicant on the loan and his/ her role would be like that of the primary debtor. Third party guarantee and/or collateral security may be asked for big ticket education loans. The bank will check the eligibility and verify the documents submitted by you. If the bank finds the form is complete in all respect and find you eligible then the loan will be disbursed in full or in suitable instalments taking into account the requirement of funds and/or fee schedule as assessed by the Bank directly to the educational institution or vendor of books or equipment or instruments.

Eligibility Criteria: Syndicate Bank Education Loan in Hyderabad

Documents Required: Syndicate Bank Education Loan in Hyderabad

For salaried individuals

  1. Duly filled up and signed education loan application form along with photographs
  2. KYC (Know Your Customer)documents
  3. Proof of identity: Passport, Voter ID card, Driving license, PAN card, Aadhar Card, Government department ID card
  4. Latest salary slip showing all deductions or Form 16 along with recent salary certificate
  5. Proof of residence: Bank account statement, Latest electricity bill, Latest mobile/telephone bill, Latest credit card statement, Existing house lease agreement
  6. Bank Statement or Bank Pass Book of having entries of last 6 months
  7. Guarantor Form, Copy of admission letter or the Institute along with Fees schedule (Optional)
  8. Mark sheets/pass certificates of S.S.C., H.S.C, Degree courses (Optional)
  9. Detailed break-up of the costs of the course (Optional)

For all individuals except salaried

  1. Duly filled up and signed education loan application form along with photographs
  2. KYC (Know Your Customer)documents
  3. IT returns of the last 2 years and computation of income of last 2 years certified by a Chartered Accountant
  4. Proof of identity: Passport, Voter ID card, Driving license, PAN card, Aadhar Card, Government department ID card
  5. Proof of residence: Bank account statement, Latest electricity bill, Latest mobile/telephone bill, Latest credit card statement, Existing house lease agreement
  6. Bank Statement or Bank Pass Book of having entries of last 6 months
  7. Guarantor Form, Copy of admission letter or the Institute along with Fees schedule (Optional)
  8. Mark sheets/pass certificates of S.S.C., H.S.C, Degree courses (Optional)
  9. Detailed break-up of the costs of the course (Optional)

Syndicate Bank Education Loan in Hyderabad FAQ

  1. What does an EMI mean? EMI or Equated Monthly Instalment is a fixed amount paid by you to the bank on a specific date every month. The EMI's are fixed when you borrow money from the bank as a loan. EMI's are used to pay both interest and principal amount of a loan in a way that over a specific number of years, the loan amount is repaid to the bank along with interest.
  2. How can I apply for Education Loan in Hyderabad? First compare the Education loan interest rates offered by various banks. Select the bank and type of Education loan from various available options in Hyderabad city. You can collect Education loan application form from nearest branch of selected bank or simply download it from bank's website and submit it yourself along with the supporting documents and the processing fee cheque at any branch that is convenient to you. Alternatively you have the option to make an online application from anywhere in the world by clicking on 'Education Loan' on bank's website and also know your Education Loan eligibility instantly.
  3. Can I pre-pay my Education loan? Is there any penalty? Yes. You can pre-pay your Education loan with a nominal pre-payment penalty.
  4. How is the educational loan disbursed? Approved Educational Loan of an applicant will be disbursed in full or in suitable instalments to the educational institution or vendor of books or other instruments taking into consideration of the requirement of funds and/or fee schedule which will be assessed by the bank directly.
  5. What is the meaning of PLR? PLR stands for Prime Lending Rate. It is least lending interest rate at which credit is provided to primary borrowers.
  6. Is this PLR constant or fluctuating? PLR is subject to change along with change in policy rates by the RBI.
  7. What is moratorium period in education loan? Moratorium period means the sum total of the study period and grace period.
  8. Why is the guarantor required? A guarantor under an education loan is required because if the applicant defaults in repayment of the loan due to any reason, the banks recover the same from the guarantor.
  9. Who is eligible to be a guarantor to an education loan? Any credit worthy individual satisfactory to the lending bank regarding the loan repayment is eligible to become a guarantor for education loan.
  10. Can Student's friend become a co-applicant? Student's friend cannot become the co-applicant.
  11. What are the different types of collateral that can be offered under education loan? There are 2 different types of collateral that can be offered under education loan which are following:
    1. Moveable Collateral - Fixed Deposit
    2. Immoveable Collateral - House, Bungalow, Flat, Shop, Non-Agricultural Land.