SIB Ashirwad

Achieve Your Dream Home with SIB Ashirwad

SIB Ashirwad from South Indian Bank is your pathway to owning a home. Designed for various customer segments, including salaried individuals, self-employed professionals, agriculturists, and pensioners, SIB Ashirwad offers affordable housing loans with attractive interest rates and flexible repayment options. Whether you’re buying, building, or renovating, SIB Ashirwad ensures your dreams are within reach.

Key Features and Benefits

Affordable Loan

Loans starting at Rs.10 lakh and up to Rs.50 lakh.

Attractive Interest Rate

Competitive rates tailored to your financial needs.

Flexible Repayment Options

Up to 30 years of repayment tenure.

Digital Documentation

Hassle-free and paperless application process.

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Purpose of the loan

Purchase of a ready-to-occupy house or under-construction property
Purchase of land and construction of a house
Renovation, extension, or repair of an existing property
Reimbursement of expenses for property purchase or construction
Takeover of housing loans

Tenure

Salaried: Up to 30 years or retirement age, whichever is earlier
Self-Employed/Business Class: Up to 30 years or 70 years of age, whichever is earlier
Pensioners: Up to 20 years or 70 years of age, whichever is earlier

At South Indian Bank, we are committed to helping you turn your dream home into a reality. Apply now and take the first step towards owning your dream home.

Category	Details
Age	Minimum: 21 years (Salaried/SEP) / 24 years (SENP, Agriculturists) Maximum: 70 years at loan maturity
Employment status	Salaried, Self-employed, Agriculturists, or Pensioners
Income	Minimum Rs. 15,000/- month (Gross Income)

Pro tip:Use our Home Loan Eligibility Calculatorto check your eligibility. Check Now
Achieve your dream of owning a home today with SIB Ashirwad!

Category	Required Documents
Salaried Individuals	Salary Slips, Form 16, Bank Statements, KYC Documents
Self-Employed/Business	ITRs, Balance Sheets, Proof of Business, KYC Documents
Agriculturists	Tax Receipts, Land Records, KYC Documents
Pensioners	Pension Order, Bank Statements, KYC Documents

Category	Details
Interest Rates	Check Interest Rates
Additional Charges	Processing Charge 0.75% subject to Maximum of Rs. 20000.00 Administration Charges: Rs. 10000.00 EMI Bounce charge Rs. 750.00 + GST ECS/NACH swap charges Rs. 500.00 + GST Penal Interest: Financial default- 6% p.a. on the defaulted amount for the defaulted period Non- Financial Default- 4% p.a. on the defaulted amount for the defaulted period

Fill in your details here and we will help you
OR

Submit application - Visit your nearest South Indian Bank branch to fill out the application form
Verification and approval - Our team will review and approve your application
3Disbursement - Receive the loan amount to finance your home