South Indian Bank Personal Loan

⋆ Interest Rate 9.99% ⋆

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      Why us?

      Rates as low as 9.99%*
      Loans Up to 30 Lacs
      Same Day Disbursal
      Doorstep Service
      Unbiased Experts Advice

      South Indian Bank Personal Loan Key Features Jan 2021

      Eligibility Criteria Details
      Age 21 – 60 Years
      CIBIL score Minimum 710 or above
      South Indian Bank Personal Loan Interest Rate 9.99% per annum
      Lowest EMI per lakh Rs. 2543
      Tenure 12 to 60 months
      South Indian Bank Personal Loan Processing Fee 1% of the loan amount
      Prepayment Charges 2% – 4%
      Part Payment Charges 2% – 4%
      Minimum Loan Amount Rs. 1 Lakh
      Maximum Loan Amount Rs. 10 Lakh

      Each Feature Explained in Detail Below


      South Indian Bank Personal Loan Eligibility Criteria

      Eligibility criteria for a personal loan:

      CIBIL score 710 and Above
      Age 21 – 60 years
      Min Income Rs 25000/month
      Occupation Salaried/Self-employed

      South Indian Bank Personal Loan Fees and Other Charges

      South Indian Bank Personal Loan Interest Rate 9.99%  per annum
      South Indian Bank Personal Loan Processing Charges 1% to 2% 
      Prepayment Charges 2% (After 1 year)
      4% (Before 1 year)
      Stamp Duty As per state laws
      Cheque Bounce Charges As per bank terms
      Penal Interest 2% of the outstanding amount
      Floating Rate of Interest Available – Based on RBI Repo Rate

      South Indian Bank Personal Loan Documents Required

      Form Duly filled application form
      Proof of Identity Copy of:
      > Passport
      > Driving License
      > Aadhar Card
      > Voter ID Card
      Proof of Address Rent Agreement (Min. 1 year of stay)
      Utility Bills
      Passport (Proof of permanent residence)
      Ration card
      Proof of Income > ITR: Last two Assessment years
      > Salary Slip: Last 6 months
      > Bank Statement: Last 3 months

      South Indian Bank Personal Loan EMI Calculator

      EMI Calculator

      South Indian Bank Personal Loan Compared to Other Banks

      Bank Interest Rate Tenure Loan Amount & Proc Fee
      South Indian Bank 9.99%  12 to 60 months Up to Rs. 10 lakh / Up to 2% of the loan amount
      HDFC Bank 11.25% to 21.50% 12 to 60 months Up to Rs. 40 lakh / Up to 2.50% of the loan amount
      Bajaj Finserv Starting from 12.99% 12 to 60 months Up to Rs. 25 lakh / Up to 3.99% of the loan amount
      Axis Bank 15.75% to 24% 12 to 60 months Rs. 50,000 to Rs. 15 lakh / Up to 2% of the loan amount
      Citibank Starting from 10.99% 12 to 60 months Up to Rs. 30 lakh / Up to 3% of the loan amount
      ICICI Bank 11.50% to 19.25% 12 to 60 months Upto Rs. 20 lakh / Up to 2.25% of the loan amount

      Other Loan Products from South Indian Bank

      Gold Loan Car Loan Home Loan Business Loan
      TWL LAP Credit Card Education Loan

      Why should you apply for South Indian Bank Personal Loan with Dialabank?

      With Dialabank, you get a team of trustworthy financial experts who guide you in your search for a suitable loan product. We offer personalized assistance and a convenient application process to do away all your worries.

      How to Calculate EMIs for South Indian Bank Personal Loan

       

      You can easily calculate your EMIs using the below calculator. Just enter the following:

      1. Amount of the Loan
      2. Rate of Interest
      3. Tenure

      South Indian Bank Personal Loan Processing Time

      South Indian Bank has a personal loan application processing time of up to 72 hours. It is to make sure of your eligibility and to provide you with the best financial products.

      South Indian Bank Personal Loan Preclosure Charges

      You can foreclose your South Indian Bank personal loan anytime. When you close your loan within the first year a foreclosure fee of 4% is charged, after the first year, you will be charged with 2% foreclosure fee.

      South Indian Bank Personal Loan Overdraft Scheme 

      South Indian Bank Personal Loan Offers an Overdraft Scheme. With this, you are provided a loan amount as an overdraft facility. It works like a Credit Card, where you can spend your Personal Loan Amount as you want anytime anywhere. The overall loan amount will have a Credit/Loan Limit. In South Indian Bank Personal Loan Overdraft facility, the bank charges interest only on the amount you withdraw/utilize.

      Pre Calculated EMI for Personal Loan

      Rate
      5 Yrs
      4 Yrs
      3 Yrs
      10.50%
      2149
      2560
      3250
      11.00%
      2174
      2584
      3273
      11.50%
      2199
      2608
      3297
      12.00%
      2224
      2633
      3321
      12.50%
      2249
      2658
      3345
      13.00%
      2275
      2682
      3369
      13.50%
      2300
      2707
      3393
      14.00%
      2326
      2732
      3417
      14.50%
      2352
      2757
      3442
      15.00%
      2378
      2783
      3466

      Types of South Indian Bank Personal Loan

      South Indian Bank Marriage Loan

      Wedding and marriage is a special event in our life but also a costly one. Do away your financial worries by applying for a personal loan of up to Rs 10 Lakhs with South Indian Bank.

      South Indian Bank Personal Loan for Government Employees

      Employees of the public sector get additional benefits when applying for a personal loan. South Indian Bank has specially tailored offers for various government employees. You can even avail of a group personal loan and get up to Rs 25 Lakhs.

      South Indian Bank Doctor Loan

      Doctors with significant experience of practice can apply for a personal loan for their personal and professional needs. South Indian Bank provides special rates and offers for all the doctors and medical professionals.

      South Indian Bank Personal Loan for Pensioners

      Pensioners drawing their pensions from South Indian Bank can apply for personal loans under this scheme to meet theirs after retirement expenses and avail of discounted rates and easy repayment options.

      South Indian Bank Personal Loan Balance Transfer

      A personal loan balance transfer is a way to transfer your existing high-interest personal loan to another bank with relatively lower rates of interest. South Indian Bank helps you lower your EMI burden with better terms and rates.

      South Indian Bank Personal Loan Top Up

      You can apply for South Indian Bank personal loan top-up to meet any additional expenses that may come across. You get an additional amount, and your loan is reset based on new terms.

      South Indian Bank Personal Loan Overdraft Scheme

      South Indian Bank Personal Loan Offers an Overdraft Scheme. With this, you are provided a loan amount as an overdraft facility. It works like a Credit Card, where you can spend your Personal Loan Amount as you want anytime anywhere. The overall loan amount will have a Credit/Loan Limit. In South Indian Personal Loan Overdraft facility, the bank charges interest only on the amount you withdraw/utilize.

      South Indian Bank Personal Loan Status

      Your loan status can be checked by;

      • Visiting the bank branch in person.
      • Contacting the customer care number of the bank.

      How to Apply for South Indian Bank Personal Loan?

      You can apply offline as well as online for South Indian Bank Personal Loan, you just have to follow the steps given below:

      South Indian Bank Personal Loan

      1. Visit Dialabank
      2. Also, you can visit the South Indian Bank Personal Loan page on the Dialabank.
      3. After visiting the page, you can see whether you are eligible, you have documents, or which scheme is best for you.
      4. Register your details in a simple online form.
      5. Once you’re through it, you will get a call from us.
      6. We will provide you with further assistance.
      7. To know further, dial 9878981166

      FAQs About South Indian Bank Personal Loan 

      ✅ What is South Indian Bank personal loan?

      A personal loan is a product that would help you meet your financial needs. It also gives you great rates and simple terms for easy repayment.

      ✅ How does a South Indian Bank personal loan work?

      After the application form has been submitted for a personal loan, your documents along with your details will be verified. After the application gets approved, you will get the loan amount in your bank account.

      ✅ What is the South Indian Bank Personal Loan EMI?

      With South Indian Bank, you get a minimum EMI of Rs 2543 on per lakh of loan.

      ✅ How much credit score needed for South Indian Bank personal loan?

      A minimum credit score of 710 is required to be eligible to apply for a personal loan from South Indian Bank.

      ✅ What are the foreclosure terms for the South Indian Bank personal loan?

      You are allowed to foreclose your loan anytime. If you close it before the first year, you will be charged with a 4% foreclosure fee, after the first year is completed, the fee applicable is 2%.

      ✅ Is the PAN card mandatory to apply for a South Indian Bank personal loan?

      Yes, a PAN card is a necessary document when applying for a personal loan.

      ✅ How to apply for South Indian Bank Personal Loan?

      You can apply for a personal loan with South Indian Bank either by visiting the nearest branch of PNB or through a simple form submission with Dialabank. With us, you get the convenience to apply from anywhere and get quick online approval.

      ✅ What is the Interest Rate for South Indian Bank Personal Loan?

      South Indian Bank charges an interest rate from 9.99% per annum for their personal loan products.

      ✅ What is the minimum age for getting a Personal Loan from South Indian Bank?

      You should be at least 21 years old to apply for a personal loan with South Indian Bank.

      ✅ What is the maximum age for getting a Personal Loan from South Indian Bank?

      The maximum age for availing a personal loan from South Indian Bank is 60 years.

      ✅ What is the minimum loan amount for South Indian Bank Personal Loan?

      The minimum loan amount for South Indian Bank Personal Loan is Rs 1 lakh.  

      ✅ What are the documents required for South Indian Bank Personal Loan?

      You will need an Aadhaar card/Voter ID, PAN card, salary slips/ITR, and two recently clicked photographs that are required for a personal loan from South Indian Bank.

      ✅ What is the Processing Fee for South Indian Bank Personal Loan?

      South Indian Bank charges a processing fee of up to 1% of the loan amount plus GST for the personal loan.

      ✅ How to get South Indian Bank Personal Loan for Self Employed?

      South Indian Bank has special offers for self-employed borrowers to help them meet their financial needs. You will have to provide the ITR files of the last three years as your income proof.

      What relaxation scheme and moratorium South Indian Bank provides in relation to Personal Loan due to COVID 19?

      A 6 months moratorium advantage can be taken from South Indian Bank.

      ✅ What is the Maximum Loan Tenure for South Indian Bank Personal Loan?

      The maximum tenure period for a personal loan from South Indian Bank is 60 months.

      ✅ Do I have a preapproved offer for South Indian Bank Personal Loan?

      You can check for your pre-approved personal loan offers from South Indian Bank through Dialabank. All you have to do is fill the form, and we will check all the offers for you and get back to you to help you choose the best one. 

      ✅ How to calculate EMI for South Indian Bank Personal Loan?

      You can use the EMI calculator available at Dialabank’s website to calculate your personal loan EMIs from South Indian Bank.

      ✅ How to pay South Indian Bank Personal Loan EMI?

      Your personal loan EMIs from South Indian Bank are automatically deducted from your bank account on a monthly basis. You can also use the net-banking facility of PNB to pay for your personal loan.

      ✅ How to close South Indian Bank Personal Loan?

      You will have to first pay all the outstanding personal loan amount and then contact the South Indian Bank branch to receive your no dues certificate.

      ✅ How to check South Indian Bank Personal Loan Status?

      You will need the visit the South Indian Bank branch in-person to know the status of your personal loan. Alternatively, you can visit Dialabank and fill a simple form to let us do the hard work for you.

      ✅ How to close South Indian Bank Personal Loan Online?

      Closing of a personal loan from South Indian Bank involves the following steps:

      • Visit the net-banking page of the South Indian Bank.
      • Login using your details.
      • Pay for your personal loan and save the transaction receipt.

      ✅ How to pay South Indian Bank Personal Loan EMI Online?

      Your personal loan EMI can be paid using the net-banking services of the South Indian Bank. Dialabank lets you compare offers and deals from different banks to choose the best, low-EMI personal loan. All you have to do is fill a simple form, and we will do the rest for you.

      ✅ How to check Personal Loan Balance in South Indian Bank?

      To check the personal loan balance in South Indian Bank, you will need to contact the customer care number of South Indian Bank. If you are looking for low-interest personal loans, you can visit Dialabank and fill a simple form for Personal Loan Balance Transfer, and we will do the hard work for you.

      ✅ How to download South Indian Bank Personal Loan Statement?

      The personal loan statement of the South Indian Bank can be downloaded using the PNB mobile banking app. You can visit the online platform of Dialabank and fill a simple form to compare and know about all the offers that we have for you. 

      ✅ How to Top Up Personal Loan in South Indian Bank?

      If you need a top-up on your personal loan from South Indian Bank, you will have to visit the bank branch and contact the loan officer. You can also fill a simple form with Dialabank at Personal Loan Top Up and leave the rest to us

      ✅ What happens if I don’t pay my South Indian Bank Personal Loan EMIs?

      South Indian Bank may charge you with a penal interest if you fail to pay your personal loan EMIs. You can apply for a balance transfer using Dialabank to get low-interest personal loans that will not put a hole in your pocket.

      ✅ How to find the South Indian Bank Personal Loan account number?

      You will need to contact your South Indian Bank loan branch to know your personal loan account number. You may also fill out the form available at Dialabank and let us do all the work for you.

      ✅ What is the South Indian Bank Personal Loan closure procedure?

      • Just go to the bank with the documents.
      • Write a letter for pre-closure of the South Indian Bank Personal loan account.
      • Pay the pre-closure charges as per South Indian Bank Personal Loan.

      ✅ What is South Indian Bank Personal Loan preclosure charges?

      South Indian Bank  Personal Loan preclosure charges are Nil.

      ✅ What is the South Indian Bank Personal Loan overdraft scheme?

      For simplifying the process and providing you with a hassle-free service while processing an overdraft scheme at South Indian Bank Personal Loan is provided, it gives you an online way to get your own overdraft, also known as Smartdraft – Overdraft Against Salary. You do not need to visit bank branches and go through a boring process. Just log in to the South Indian Bank Personal Loan online banking portal and from there you can fill out a simple form and get an overdraft under your name.

      ✅ What is South Indian Bank Personal Loan maximum tenure?

      South Indian Bank Personal loan maximum tenure is 60 months.

      ✅ What is the South Indian Bank Personal Loan minimum tenure?

      South Indian Bank Personal Loan minimum tenure is 12 months.

      ✅ What is South Indian Bank Personal Loan customer care number?

      The customers get in touch with the bank via call on 9878981166.

       

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