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Personal loan

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SIB (South Indian Bank) is a private sector financial institution with its headquarters at Thrissur City in Kerala state. It is a private bank with almost 756 branches spread across more than 26 states and Union territories of India. It has 854 working ATM’s all over India.

SIB Personal Loan Interest Rates:

Loan Quantum Available Up Front Fee Repayment Period
Maximum of Rs 3 Lakhs 0.50% of Loan Amount Maximum of 48 months

Who are eligible for SIB Personal Loan?

For meeting, any of the personal need Personal Finance is the best solution to cater all of the necessary funds without any hassle.

  1. No security requirements.
  2. Easy documentation.
  3. Easy approval within 48 hours.
  4. A multipurpose loan.
  5. Affordable interest rates.
  6. Flexible loan terms and conditions.

Eligibility

Salaried, self employed people and self employed professionals are eligible for availing personal loan.

Salaried Individuals:

  1. Salary: Rs 18,000 Monthly.
  2. Minimum and Maximum Age: 21 and 60 Years.
  3. Work Experience: Overall 3 years and one year experience in current job.

*A person getting salary in cash is not eligible for availing Loan at affordable rates.

Self Employed Individuals:

  1. Min and Maximum Age: 25 and 65 years.
  2. An Annual ITR of 2.5 to 3 lakh is required.
  3. Residence: Office or Home should be owned.
  4. Business Stability: Your business should be running from last 3 years with continuous profit.
  5. Telephone / Mobile at office: Mandatory

Documentation


Salaried Individual Self Employed People
Latest 6 month bank statements Latest 6 month bank statements
Last 2 month salary slips Last 2 years Balance Sheet
Last 2 year Form 16 Last 2 Years ITR
Photocopy of Pan Card PAN Card photocopy
Residence & Address Proof Residence & Address Proof
2 passport size photographs 2 passport size photographs

Special Note: Soth Indian Bank does not provide Personal Loan to poor credit holders, however; one can fulfill their financial requirement with a Gold Loan easily.

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