SIB Rental Scheme

Leverage More Income From Rental

Leverage the potential of your future rental income with the SIB Rental Scheme, a specially designed financing solution to meet your personal and business needs. Whether you are an individual, a business owner, or an organisation, this scheme helps you utilise your rental receivables to achieve your financial goals. With attractive interest rates, flexible repayment terms, and a hassle-free application process, SIB Rental is your trusted partner for financing needs.

Key Features and Benefits

High loan amount

Flexible repayment tenure

Comprehensive security options

Attractive Interest rates

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Why Choose South Indian Bank?

South Indian Bank’s Rental Scheme offers a unique opportunity to reaise the value of your future rental income with ease and flexibility. With a strong legacy of trust and excellence, the bank provides high loan amounts of up to Rs. 10 Crores at competitive interest rates, making it an ideal solution for both personal and business needs. The scheme's flexible repayment options, aligned with your lease period, ensure that your cash flow remains stable. Additionally, the straightforward approval process and requirement for registered rental agreements with reputable tenants, such as MNCs and government institutions, make the SIB Rental Scheme a secure and reliable choice for financing.

Benefits of SIB Rental Loan

High loan amount - Avail loans up to Rs. 10.00 Crores based on your rental agreements.
Flexible repayment tenure - Choose repayment terms aligned with your lease period, up to a maximum of 7 years
Comprehensive security options - Secured against hypothecation of rent receivables and 100% collateral security
Leverage future income - Utilise your rental receivables for immediate personal or business needs
Convenient loan processing - Quick and straightforward approval process
Competitive interest rates - Tailored to ensure affordability and flexibility
Enhanced financial planning - Structured repayment aligned with your lease duration

Applicants must meet the following eligibility criteria to apply for the SIB Rental Scheme

Criteria	Details
Eligible applicants	Individuals Partnership firms Private/Public Limited Companies Trusts Societies
Tenant requirements	The tenant must be a reputable entity such as MNCs, banks, financial institutions, insurance companies, blue-chip companies, PSUs, or government departments.

Meeting these criteria ensures a seamless application and approval process.

SIB Rental Scheme is affordable to everyone. Check the below details to know more.

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

Prepare the following documents based on your category to ensure a smooth loan application.

Applicant Type	Required Documents
Salaried individuals	KYC documents (PAN card, Aadhaar card, and photographs) Latest 3 months' salary slips ITR for the past 2 years. 6 months' bank account statements Registered lease agreement
Business class	KYC documents (PAN card, Aadhaar card, and photographs) Recent financial statements ITR for the past 2 years 6 month's bank account statements Registered lease agreement Title deeds, possession certificate, and other property-related documents
Pensioners	KYC documents (PAN card, Aadhaar card, and photographs) Latest 3 month's pension statements ITR for the past 2 years 6 month's bank account statements Registered lease agreement