South Indian Bank Personal Loan

• Flexibility: Personal loans can be used for various purposes, including medical expenses, home renovations, education costs, or travel.
• No collateral required: You do not require collateral in order to apply for a personal loan. However you may get higher interest rates as compared to other loans available in the market.
• Competitive interest rates: South Indian Bank generally offers competitive rates on their personal loans. Hence, you can compare easily and then decide on the loan which suits your budget the best.
• Convenient application process: The application process for a South Indian Bank personal loan is simple, quick and can often be completed online or in-person at a branch.

General Eligibility Criteria

• Minimum credit score: 740


• Gross income: Rs. 25,000 per month (without combining income of co-borrower or guarantor)


• Employment: Minimum 2 years of total employment, with at least 1 year in the current employment


• Business vintage: At least 3 years (for business owners)


• NRI applicants: A resident co-applicant or guarantor is required

Eligibility Criteria for SIB Pre-Approved Personal Loans

• Minimum age: 21 years


• Maximum age: 56 years for salaried applicants and 60 years for self-employed applicants

Eligibility Criteria for SIB OneScore Personal Loans

• Minimum age: 21 years


• Maximum age: 56 years at the time of loan sanction

South Indian Bank Personal Loan Document Required

For Salaried Applicants

• Bank statement of the last 6 months showing salary credits
• Passport-sized photograph
• Proof of identity
• Address proof
• Recent Income Tax Return (ITR) or Form 16
• Salary slip of the last 3 months

For Self-employed Non-professionals (Business Class)

• Bank statement of the last 6 months
• Passport-sized photograph
• Proof of identity
• Address proof
• Recent tax returns for the last 2 years
• Valid business proof

For Self-employed Professionals

• Proof of identity
• Passport-sized photograph
• Valid professional certificate and registration proof
• Address proof
• Recent tax returns for the last 2 years
• Bank statement of the last 6 months

For Non-Resident Indians (NRIs)

• NRE account statement for the last 12 months
• Passport-sized photograph
• Proof of identity
• Address proof
• Valid passport and visa
• NRE account or spouse's domestic account statement of the last 12 months reflecting NRE remittance or overseas bank statement