SIB Personal Loan

Instant Funds with Seamless Process

Life is uncertain and we may come across instant need of funds anytime. Personal Loan is an ideal choice in such situations. SIB Personal Loan ensures you have your required funds in on time with digital documentation and instant disbursal. More over, with our SIB Mirror+ app eligible customers can also apply for pre-approved personal loan and get funds directly in your account.

Flexible Loan Amounts: Borrow from as low as Rs. 1 lakh up to Rs. 30 lakhs, as per your requirement
Minimal documentation: Hassle-free process for both salaried and self-employed individuals
Attractive Interest Rates: Competitive interest rates tailored to customer profiles
Simple Eligibility Criteria: Easy-to-meet requirements for income, employment, and business vintage
Convenient Repayment Tenure: Flexible repayment period ranging from 12 to 60 months

Explore the essential personal loan eligibility requirements, including age, income, credit score, and employment conditions. With a few simple steps, you could be on your way to securing a personal loan online.

Criteria	Details
Age (Salaried)	Minimum: 21 years Maximum: 60 years or superannuation age
Age (Self-Employed)	Minimum: 21 years Maximum: 65 years
Loan Amount	Minimum: Rs. 1 lakh Maximum: Rs. 30 lakhs
Loan Tenure	Minimum: 12 months Maximum: 60 months
Credit Score	Minimum 740 required
Employment	Salaried: Minimum 3 months to 2 years based on the type of employer.
Requirements	Self-Employed: 3 years in business
Additional Criteria	Gross income ≥ Rs. 25,000/- month Co-applicant/guarantor required

We understand your valuable time hence we make the whole process seamless for you. For a smooth personal loan application process, keep the documents ready based on the category of application.

Category	Required Documents
Salaried individuals	Identity Proof Address Proof Passport Size Photo Latest 3 months’ pay slips Latest Form 16/ITR Latest 6 months’ bank statement showing salary credits
Self-employed – Business class	Identity Proof Address Proof Passport Size Photo Latest 2 years’ tax returns Valid Business Proof Latest 6 months’ bank statements
Self-employed professionals	Identity Proof Address Proof Passport Size Photo Latest 2 years’ tax returns Valid registration proof and professional certificate Latest 6 months’ bank statements
Non-resident Indians (NRIs)	Identity Proof Address Proof Passport Size Photo Valid Passport and Visa 12 months’ NRE account statement Latest 12 months’ NRE account statement/spouse domestic account statement reflecting NRE remittance/overseas bank statement

Gather your documents and apply for personal loan online today!

Category	Details
Interest Rates	Check Interest Rates
Other Charges	Click here for Service Charges

Use the EMI calculator and apply for personal loan today!

Calculator Here

New to South Indian Bank

You can apply for Personal Loan through South Indian Bank either through branches or via online.
Applying for a personal loan online is quick and easy with these seamless steps:

Online application - Fill out the form with personal and financial details
Document submission - Submit documents online or at the nearest branch
Verification - Bank verifies your eligibility and documents
Approval - Receive loan approval based on eligibility and requirements
Disbursal - Loan amount credited to your bank account

Existing SIB Customer

Existing bank customers enjoy pre-approved personal loans with exclusive offers.
Start your personal loan online application now and access funds in just a few easy steps!