South Indian Bank Personal Loan

Last Updated : March 21, 2025, 5:02 p.m.

Are you in need of urgent funds to fulfill your various personal needs? If yes, you must be looking for a reliable lender to give you this loan amount instantly to fund your daily needs. However, keeping this thing in mind, South Indian Bank brings to you its best product i.e. personal loan. Yes, be it home renovation, buying a new car, or going abroad, with the help of a South Indian Bank Personal Loan, all your personal needs can easily be fulfilled.

Read this article below to know more about Personal Loan offered by South Indian Bank.

South Indian Bank Personal Loan Details

This table shows you the personal loan interest rate details and all the other information -

Type Of South Indian Bank Personal Loan

South Indian Bank Quick Personal Loan

In today’s fast-paced world, financial needs can arise anytime—whether for a vacation, medical emergency, home renovation, or debt consolidation. South Indian Bank Quick PL offers a seamless, paperless process, enabling borrowers to apply digitally and receive funds within 10 minutes—no long queues, no paperwork, and no delays.

Key Features of South Indian Bank Quick Personal Loan

• Instant Approval & Disbursal: 100% digital process with quick fund transfer to your savings account.
• Flexible Repayment: Choose a tenure from 12 to 48 months to fit your budget.
• Competitive Interest Rates: Attractive rates based on your credit profile.
• 24/7 Accessibility: Apply anytime from your smartphone or laptop.
• No Collateral Required: Unsecured loan with no asset pledge.
• Transparent Charges: No hidden fees, know exactly what you pay.
• Credit Score Boost: Timely EMIs can enhance your credit score.

How to Apply For South Indian Bank Quick Personal Loan?

• Check Eligibility: Fill out a quick online form for instant eligibility confirmation.

• V-KYC: Complete Video KYC for instant account activation.

• Mandate Setup: Set up auto-debit for hassle-free EMI payments.

• Approval & Disbursal: Bank verifies details, approves the loan, and credits the amount directly to your account.

• Repayment: Pay EMIs on schedule with timely reminders.

Eligibility

• Salaried Professionals: Ideal for weddings, travel, or unexpected expenses.
• Self-Employed Individuals: Manage business cash flow or personal financial needs with ease.

South Indian Bank Personal Loan Eligibility Criteria

Here is the eligibility criteria list for South Indian Bank Personal Loan -

Purpose:

• Personal Use – Education, Medical, Travel, Asset Purchase, Debt Consolidation, etc.
• Business Use – As working capital, capital expenditure margin, quasi-equity, and debt refinancing.

More Eligibility Criteria:

• Income Requirement: Rs.25,000 per month (Gross) without clubbing co-borrower/guarantor income.
• Credit Score: Minimum 740
• Employment Norms: Minimum 2 years of total employment, with at least 1 year in the current job.
• Business Vintage: Minimum 3 years.
• Co-applicant/Guarantor: One close relative is required. For NRIs, a resident co-applicant/guarantor is mandatory.

Age Eligibility:

• Minimum: 21 years
• Maximum: 60 years or superannuation age (whichever is earlier) for salaried, 65 years for self-employed.

Non-Resident Indians (NRIs)

• SENP (Self-Employed Non-Professionals) – Manufacturers, Traders, Wholesalers, Retailers, Service Providers.
• SEP (Self-Employed Professionals) – Doctors, CAs, CSs, ICWAs, Architects, Engineers.

Target Customers

• Salaried – Employees of Government, PSU, MNC, Listed Companies, and Reputed Public & Private Limited Companies.

Documentation Required for South Indian Bank Personal Loan

The list of documents are here that are required while applying for the South Indian Bank personal loan according to the job profile -

Calculate South Indian Bank Personal Loan EMI Monthly

Now, when it comes to knowing your loan EMIs, it is a very quick and easy process. Yes, with the help of an EMI Calculator, things will become easier for you as this device does the work for you. It gives you the results instantly and lets you know your EMIs in a hassle-free manner. You just need to enter your loan amount loan, rate of interest, and tenure of South Indian Bank Personal Loan.

Example -

Suppose Arjun Sharma, a Vice President of a leading MNC is interested in availing a loan of Rs.10,00,000 from South Indian Bank for 4 years at an interest rate of 12.91% p.a. And assume up to 14.10% p.a. The table will show you the monthly EMIs of tenure from 1 year to 4 years.

Fees/Charges of South Indian Bank Personal Loan

Here are the additional fees/charges applicable on the personal loan apart from the South Indian Bank Personal Loan interest rate -

Features & Benefits of South Indian Bank Personal Loan

Some of the benefits of availing South Indian Bank Personal Loan are given below -

• Attractive Interest Rates: Get a loan at competitive and affordable interest rates.
• Quick Disbursal: The loan amount is credited to your account in minimal time.
• Hassle-Free Digital Documentation: Simple online process with minimal paperwork.
• Flexible Repayment Tenure: Choose a repayment period of up to 5 years.
• Instant Loan for Pre-Approved Customers: No documentation is required for eligible customers.

Summarising!

South Indian Bank Personal Loan is a convenient and flexible financial solution for salaried professionals, self-employed individuals, and NRIs. With attractive interest rates starting from 12.91% p.a., loan amounts up to Rs.20 lakhs and repayment tenure of 12 to 60 months, it caters to various personal and business needs like education, medical emergencies, travel, home renovation, and debt consolidation. The SIB Quick PL offers instant approval and disbursal within 10 minutes, thanks to its 100% digital and paperless process. Whether you're a salaried employee or a business owner, South Indian Bank Personal Loan is a fast, reliable, and accessible financial solution.