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South Indian Bank Personal Loan

South Indian Bank offers personal loans starting at 12.60% p.a. onward for repayment tenures of up to 5 years for loan amounts of up to Rs 20 lakh. The bank offers SIB Personal Loans for both personal (education, medical, etc.) and business (working capital, debt consolidation, etc.) purposes to salaried, self employed professionals & non-professionals and NRIs.
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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 Fee6,500
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

Apply Now

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

Apply Now

Avail Personal Loan for
All Your Needs

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All Your Needs

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

Smooth & hassle-free loan approval experience

I want to express my gratitude for your exceptional support & guidance throughout my loan application process to Aman (EW17239). Your professionalism & clear communication made the journey smooth and manageable. I appreciate how you helped during loan approval & fast-tracked the documentation. It is rare to find someone so committed to their clients. I truly value the effort you put into ensuring a successful outcome. Thanks again for your invaluable help.

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Sanjay Kumar GuptaMar 30, 2026

Exceptional guidance throughout the process

I’d like to express my sincere appreciation for Mr. Aman Kumar (EW32023) for the excellent assistance provided. His professionalism & willingness to help made the experience smooth & pleasant. Aman Kumar demonstrated patience & clarity while addressing queries and ensured that everything was handled efficiently. Such dedication & customer-focused service truly deserve recognition. Please convey my thanks and appreciation to him for his outstanding support.

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Jyotirmoy SinghaMar 23, 2026

Very helpful and easy to reach

I really wants to appreciate Mohankumar Dhandapani for closing my loan requirement in such a short time and nice manner. He is very much approachable helped me based on my requirements. He explained me all the options in very short time even one option failed immediately helped me to get other options worked. Excellent job done by Mohankumar Dhandapani all the best keep you same way approachable you will get more customers. Thanks to Paisabazar too.

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Kirubagaran GanesanFeb 24, 2026

Reliable help when i needed it most

I am writing this email to express my sincere thanks for your excellent support and guidance on Paisabazaar. My experience was very smooth and satisfying because of your help. You explained everything clearly and made the whole process easy and comfortable for me. I truly appreciate your professionalism, patience, and quick response. I am very happy with the service and would definitely recommend to others because of the great support I received from you. Thank you once again

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DharmeshFeb 22, 2026

Committed support that made everything easy

I’d like to appreciate the Paisabazar team for the excellent loan service. I especially want to recognize one of your agents, Mr. Prince Kumar, for his outstanding support. For more than a month, he continuously followed up with me and assisted me. His commitment & professionalism made the experience smooth & hassle-free. I appreciate his efforts and dedication. Kindly acknowledge his performance and consider rewarding such a sincere employee.

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BhupendraFeb 18, 2026

My Trust in Paisabazaar has Increased

I would like to take a moment to share my sincere feedback regarding the support I received from your team. The executive who assisted me was extremely professional, polite, and knowledgeable. They patiently understood my concern, explained the process clearly, and guided me step by step toward the right solution. I truly appreciate the transparency, timely responses, and genuine effort shown to help me.

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Lalit MaviFeb 12, 2026

Best Place for Taking Loans

I contacted customer care with a few queries, and I am very satisfied with the support I received. The representative was polite, patient, and explained everything clearly. My questions were resolved properly, and the overall experience was smooth and helpful. Thank you for the excellent customer service

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Kokil BarnwalFeb 12, 2026

Easy loan approval with good guidance

Thank you for the support provided for getting personal loan approval. During this process I worked with Mr. Aman Bajpai (EW17239) who was co-ordinator for this entire process of Personal loan, I was incredibly impressed by his efficiency and problem-solving skills. He went out of their way to ensure all my questions were answered and that the disbursement timeline stayed on track. His coordination was really appreciable.

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Riyaj AtarFeb 9, 2026

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
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