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Attractive and Competitive Interest Rates
Seamless application procedure
Up to 60 months/5 years
100% digital documentation process
Exclusive discount on processing fees and interest rates for priority banking members
Looking for a quick and secured personal loan? Look no further. With SIB’s digital documentation procedure, get instant loan approval without delay. Be it for medical emergencies, higher education, or weddings your funds are at your fingertips.
SIB offers Personal Loan interest rates starting from as low as 9.99% (T&C applied)
Plan long term and stay stress-free with upto 5 years of tenure on Personal Loan plans
Quick disbursal
Our experienced professionals are available to answer all your queries regarding the personal loan process
Existing clients can easily avail pre-approved Personal Loan through our SIB Mirror+ app or through our website
Get a Personal Loan in a few clicks with our easy application process
Our team is committed to providing exceptional customer service throughout the loan process
Qualify quickly and easily for your SIB personal loan. Our streamlined online application process requires minimal documentation. Check your eligibility in just minutes and see if an SIB personal loan is right for you.
The minimum age needs to be 21 years old. The maximum age can be 60 years or superannuation age (whichever is earlier) for salaried employees and 65 years old for self employed.
The minimum tenure for Personal Loan has to be 12 months, and the maximum tenure can be up to 60 months.
The minimum income should be Rs.25,000 p.m gross income (without clubbing the income of the co-borrower/ guarantor).
The minimum loan application amount is Rs 1 lakhs, and the maximum is up to Rs 20 lakhs.
The minimum credit score should be 740.
Personal Loans can be availed for personal use and business use.
Note: Terms and conditions apply. Please refer to the loan agreement and relevant documentation for complete details.
Identity proof
Address proof
Passport size photo
Latest 3 months pay slips
Latest form 16/ITR
Latest 6 months bank statement showing Salary Credits
Latest 2 years Tax returns
Valid business Proof
Latest 6 months bank statements
Valid registration proof and professional certificate
Valid passport and VISA
12 months NRE account statement
12 months NRE account statement/ spouse domestic account statement reflecting NRE remittance/ overseas bank statement
Applying for a personal loan through South Indian Bank is quick and hassle free. If you are an existing client of South Indian Bank you can avail Pre-approved SIB Personal Loan through SIB Mirror+ app/SIBerNet or apply for Personal Loan through our SIB Website or by visiting the nearest branch.
If you are a new client, then you can open an account with South Indian Bank through online Video KYC for hassle free loan disbursal through digital documentation.
The lowest rate of interest for a personal loan can vary widely between banks, depending on factors like your credit score, income, the loan amount, and the tenure. At South Indian Bank, the interest rate for personal loans starts from 12.91%.
For applying for a personal loan at South Indian Bank, the required documents include identity proof, address proof, a passport-size photo, last three months' pay slip, latest Form 16/ Latest 2 year ITR and latest 6 month bank statement with salary credits.
Business owners must also provide valid business proof.
These documents ensure verification of identity, income, and stability, facilitating a smooth personal loan application process.
Our existing clients can check their eligibility and apply for Pre-approved PL through our mobile banking app or internet banking platform. We also offer Instant PL for our non customers as Quick PL. Any person can complete the full digital onboarding journey and get approval for PL ranging from 1 Lakh to 10 Lakh.