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South Indian Bank Personal Loan

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HDFC Bank
10 Second Disbursal*100% Digital Process*Quick Disbursal
Max Loan Amt.Upto ₹25L
Rate of Interest9.99% - 12.5%
Tenure upto1-5 Years
Processing Fee₹ 6,500
ICICI Bank
100% Digital Process*Quick Disbursal
Max Loan Amt.Upto ₹25L
Rate of Interest11% - 13%
Tenure upto1-5 Years
Processing FeeUpto 2%
Axis Bank
Low Processing fee
Max Loan Amt.Upto ₹25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%

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How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

South Indian Bank Personal Loan Highlights

Interest Rate 12.85%-20.35% p.a.
12.60%-16.55% p.a. (fixed rate only)
Loan Amount Rs 1 lakh – Rs 20 lakh
Loan Tenure 1-5 years
Processing Fees Up to 2% of the loan amount

South Indian Bank Personal Loan Interest Rates

South Indian Bank personal loan interest rates start from 12.60% p.a. The bank offers personal loan interest rates based on the type of personal loan scheme:

Personal Loan Scheme Interest Rates (p.a.)
SIB Personal Loan 12.85%-20.35%
SIB Group Personal Loan (Fixed rate only) 12.60%-16.55%

South Indian Bank Personal Loan Processing Fees and Other Charges

Processing Fees

Particulars Charges
SIB Personal Loan Salaried Applicants: 1% of the loan amountSelf-employed applicants: 2% of the loan amount
SIB OneScore Personal Loan 1% of the loan amount
SIB Pre-approved Personal Loan 1.50% of the loan amount

SIB Personal Loan Fees & Charges

Particulars Charges
Pre-payment Charge 5%
Pre-closure Charges 5% after 6 months of account opening;
6% within 6 months of account opening
EMI/Cheque Bounce Charge Rs 750
Cheque/ECS Swap Charges Rs 500

Types of South Indian Bank Personal Loan

SIB Personal Loan

  • Purpose: Personal use (Education, Asset Purchase, Medical, Travel, Debt consolidation, etc); Business Use (Working capital, quasi-capital, Capex margin, Debt consolidation, etc).
  • Loan Amount: Rs 1 lakh to Rs 20 lakh
  • Tenure: 1 year to 5 years

SIB Pre-approved Personal Loan

  • Purpose: Any personal use (except for hoarding, speculation or activity restricted by GOI or State Governments or local bodies).
  • Loan Amount: Rs 50,000 to Rs 10 lakh
  • Tenure: Up to 4 years
  • Mode of Availing Loan: Online Mode through SIB Mirror Plus and SIBerNet

SIB OneScore Personal Loan

  • Purpose: Any personal use (except for speculation, hoarding or activity restricted by GOI or State Governments or local bodies).
  • Loan Amount: Rs 50,000 to Rs 5 lakh
  • Tenure: 6 months to 4 years
  • Mode of Availing Loan: Online Mode through OneScore app

SIB Quick PL

  • Purpose: SIB Quick PL allows prospective borrowers to digitally apply for a personal loan in 10 minutes. The loan amount is credited directly to a savings account with any bank.
  • Loan Amount: Rs 1 lakh to Rs 5 lakh
  • Tenure: 1 year to 4 years

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Eligibility for South Indian Bank Personal Loan

SIB Personal Loan

The following personal loan eligibility criteria must be kept in mind when applying for an SIB personal loan as an individual borrower:

  • Minimum Credit Score: 740
  • Gross income: Rs. 25,000 p.m. (without clubbing of income of co-borrower or guarantor)
  • Total employment shall be a minimum of 2 years with a minimum of 1 year in current employment
  • Business vintage: At least 3 years
  • Age:
    • Minimum – 21 years
    • Maximum – 60 years or superannuation age, whichever is earlier for salaried applicants; 65 years for self-employed applicants
  • For NRIs, a resident co-applicant or guarantor is required. For others, one co-applicant or guarantor from a close relative

SIB Pre-approved Personal Loan

Stated below are the personal loan eligibility criteria for an SIB pre-approved personal loan:

  • Minimum Age: 21 years
  • Maximum Age: 56 years for salaried applicants and 60 years for self-employed applicants

SIB OneScore Personal Loan

Stated below are the personal loan eligibility criteria for an SIB OneScore personal loan:

  • Minimum Age: 21 years
  • Maximum Age: 56 years at the time of personal loan sanction

SIB Quick PL

Below mentioned are the personal loan eligibility criteria for an SIB Quick PL:

  • Minimum Age: 21 years
  • Maximum Age: 56 years at the time of personal loan sanction
  • Both salaried and self-employed applicants are eligible

Documents Required for Loan Application

The following documents are required for all individuals applying for a personal loan from South Indian Bank:

For Salaried Applicants

  • Bank statement of last 6 months showing salary credits
  • Passport size photo
  • Proof of identity
  • Address proof
  • Recent ITR/Form 16
  • Salary slip of the last 3 months

For Self-employed Non-professionals – Business Class

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

For Self-employed professionals

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

For NRIs

  • NRE account statement for the last 12 months
  • Passport size photo
  • Proof of identity
  • Address proof
  • Valid passport & visa
  • NRE account or spouse domestic account statement of last 12 months reflecting NRE remittance or overseas bank statement

South Indian Bank Customer Care

You can contact South Indian Bank’s customer care via any of the following means given below:

  1. By Phone: You can call on the bank’s 24×7 toll-free number 1800-425-1809 or 1800-102-9408. NRI borrowers can call on (+91)484-2388-555 or (+91) 484 6689600
  2. Email: You can send an email to customercare@sib.co.in

Branch Visit: You can also visit the nearest South Indian Bank branch to get your queries resolved

How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Explore Our Personal Loan Lenders

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FAQs

You can check your South Indian Bank personal loan eligibility using Paisabazaar’s personal loan eligibility calculator.

The tenure to repay a South Indian Bank personal loan varies from 12 to 60 months.

Yes, you can opt for a South Indian Bank personal loan if you meet the eligibility criteria.

The maximum amount that you can avail of under the SIB Personal Loan scheme for individuals is Rs. 20 lakh.

Yes, South Indian Bank permits co-applicants as well.

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What our customers say

Apne higher education ke liye loan liya tha

Muhje higher education ke liye loan chahiye tha. Paisabazaar pe apply kiya. Got it at the right time. Quite helpful.

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Puja DanuJan 22, 2026

Sabse jada helpful log the yaha

Maine bht jagah try kiya tha personal loan ka, yaha try kiya toh helpful log mille. Har steps mai aram se samjhaya or usse muhje loan lene mai jda dikkat nhi aayi.

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Anuradha GuptaJan 21, 2026

Meri shaddi thi

Shadi mai bht kharche hote hai. Maine shaddi ke liye personal loan paisabazaar se liya tha. Process smooth tha or interest bhi sahi milla.

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Travel ke liye personal loan liya tha

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Easy personal loan available

Took personal loan. Good experience.

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Medical Emergency thi, loan jaldi mil gya

Muhje ek medical emergency ke liye personal loan lena padha. Paisabazaar pe bht jaldi or smooth process tha. time pe kaam agaya.

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Compare karke sahi rate mila

Loan offers jab comapre kiya toh pata chala konse loan lene se muhje sahi mai faida hoga. Isiliye Paisabazaar muhje best laga.

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Akrity PandeyJan 5, 2026

Personal loan fatfat mai mil gaya

Muhje paiso ki urgent need thi. Paisabazaar se loan jaldi or sahi rate pe mil gaya.

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Riya MehraJan 5, 2026

Loan from Paisabazaar was actually paperless

I always used to think that the paperless loan is a myth. But on Paisabazaar, I applied for the pre approved loan from IDFC Bank and all documentation was already done. I just filled the form, did kyc and my loan was approved and disbuursed one the same day.

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Tanmay BorkatakiDec 12, 2025

Best place for a small loan

I have take loan of 60-70000 three times from paisabazaar in 4 years and every time it has been a very good experience. They provide the loan without failure and have also helped me improve my cibil.

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Aridaman Singh ParhichaDec 11, 2025
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