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South Indian Bank Personal Loan

(Updated on 08.05.2019) South Indian Bank Personal Loan – Get lowest Interest Rate from South Indian Bank. Check & Apply Your Personal Loan Eligibility, Amount, Documents & Fee.


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Disclaimer: We do not provide Personal Loans but help you to connect with banks to get best deals.
All loans are on sole discretion on the respective banks

South Indian Bank Personal loan

South Indian Bank Personal loan is the unparalleled Personal Loan skillfully designed for needy borrowers to offer loans at attractive & competitive interest rates. SIB personal loan can be availed by both salaried and self-employed individuals For meeting personal / family finance / household articles/ white goods / electronic / computer equipment, peripherals/ expenses for medical treatment / inland or foreign leisure travel / inland or foreign business travel / travel abroad on employment contract, etc. SIB Personal Loan Eligibility Calculator is the best tool to know your Personal loan Eligibility and is the most feasible way to get your personal loan approved within a few hours.

South Indian Bank Home Loan with its extensive features and competitive interest rates helps every individual to build/buy/renovate/expand flat/house.

Rise in profit for the South Indian Bank – Private sector South Indian Bank reported a 6.7 percent rise in net profit at Rs 101.47 crore for the quarter ended June 2017 on a tepid increase in core income. The bank had registered a net profit of Rs 95.06 crore during the corresponding April-June quarter of 2016-17.(Sources: Money Control)

South Indian Bank Personal loan Interest Rate

Interest Rate 11.65%
Processing fee range 0.50% of loan amount
Loan Amount Max. Rs. 10 lakhs
Tenure 48 months

South Indian Bank Personal loan EMI Calculator

South Indian Bank of Commerce Personal Loan EMI Calculator

Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Home loan emi within seconds.
Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

South Indian Bank (SIB) Personal loan Eligibility

  • Individuals permanently employed in reputed companies/ firms / organisations / Govt. Service.

  • Practising / employed Doctors – having professional Medical Degree.

  • Business men.

  • Other categories having sufficient income /IT Return.

  • NRIs

  • Group Loans to permanent employees of GOI (Government of India) and State Government, PSUs, Blue Chip companies and reputed institutions, etc.

South Indian Bank Personal Loan Documents Required

  • Duly filled in Application Form with 3 passport size photograph.

  • Applicant(s), Co-applicant(s) and Guarantor(s) assets & liabilities statement.

  • Proof of Identity: PAN card/Voter’s ID/Passport/Driving License.

  • Proof of Residence: Recent Telephone Bill/Electricity Bill/Property Tax Receipt/ Passport/Voter’s ID

  • Proof of Business Address for Businessmen & Industrialists

  • Proof of Employment for salaried class.

  • Proof of other income like rent, interest on investment, if any.

  • 3 years Bank Account statements

  • Form 16/Income Tax / Wealth Tax (if applicable) Returns for the past 3 years

  • Other documents are also need to be submitted as per Bank’s requirements.

South Indian Bank Personal Loan Prepayments

  • If closed from own sources after 2 years : Nil

  • If closed from own sources before 2 years : 1 % of prepaid amount.

South Indian Bank Personal Loan FAQ

Can I foreclose or prepay my loan?
Yes, you can prepay the entire loan outstanding anytime after paying 6 installments. Prepayment charges as applicable would be levied on the outstanding loan amount. No part prepayment is allowed.

What is the procedure to prepay my Personal Loan?
For prepayment of your Personal Loan account, please visit our nearest South Indian Bank branch. We request you to carry with you the following documents to complete the process:
1. Request Letter signed by the loan applicant
2. PAN Card (if the mode of payment is cash and the amount is more than Rs.50,000)
3. Payment can be made through cash, cheque or demand draft.

Do I have to pay any additional charges?
A processing fee of 0.50%  depending on the company you are employed in and location of the loan will be levied. This fee will be deducted from the disbursal amount payable to you.

Do you offer Balance Transfer facility in Personal Loan?
We offer Balance Transfer Facility if you have paid 12 EMI. Please contact your nearest branch or our call center for further details.

What is the loan amount that can be sanctioned?
Based on your kind of business and your relationship with South Indian Bank, the final loan amount is decided.

What are the loan tenure options?
The loan can be repaid over a period of 12 to 60 months

What security/collateral do I have to provide for Loan?
No security, collateral or guarantors are required for obtaining Personal Loans.