Best South Indian Bank Personal Loan Details 2022

South Indian Bank Personal Loan Details

Hello friends, today you will know about South Indian Bank Personal Loan in Hindi, for your information let us tell you that South Indian Bank provides personal loan with very low interest. If you want to take a personal loan, this post is for you

Through this post you will also know important information about South Indian Bank Se Personal Loan Kaise Le, South Indian Bank Personal Loan Apply Online, South Indian Bank Personal Loan Interest Rate, South Indian Bank Personal Loan Documents in detail about it all. will know.

Hello friends welcome to our post today, in this day and age only money is running if you don’t have money then you have nothing. Friends, without money you can neither live your life well nor fulfill your family obligations. No you can give good education to your children if you are doing small job then you can’t do all this at all you need money for this. Friends, today we will tell you about South Indian Bank which offers personal loan (South Indian Bank Personal Loan). This bank offers personal loans at very low interest rates so that you can meet all your needs by taking a loan

Today we will tell you through this post how to take a loan from South Indian Bank, how to take a personal loan from South Indian Bank, what documents will be required to take a personal loan from South Indian Bank, what is the eligibility of South Indian Bank. How much processing fee is charged by the bank for taking a personal loan from South Indian Bank, for taking a personal loan from South Indian Bank | How to Apply for Online and Offline Personal Loan from South Indian Bank

All these information will be given to you completely in this post below which will help you to a great extent and you can take personal loan very easily so now without delay let’s go to this post and know what is the process of taking loan. South Indian Bank.

Complete Details of South Indian Bank Personal Loan

Friends, South Indian Bank provides personal loans to its customers safely so that you can meet your needs. This bank offers very good loan amount with very less documents, and South Indian Bank also charges less interest on the loan amount than other banks. is Let us tell you that South Indian Bank Personal Loan provides you the loan amount as per your requirements keeping its customers information confidential, you don’t need to pledge any of your assets or anything to get a personal loan from South Indian Bank.

How much loan does South Indian Bank give on personal loan?

Friends, if you are taking a personal loan from this bank, you should know this completely, and before you take a personal loan from this bank, you should check it thoroughly. How much does South Indian Bank give you on personal loan? South Indian Bank Personal Loan offers you a minimum loan of ₹100000 and up to ₹1000000. So that you can fulfill your needs |

How much interest does South Indian Bank charge on personal loan amount? (South Indian Bank Personal Loan Interest Rate)

Friends, if you are planning to take a personal loan from South Indian Bank, you should first know how much interest South Indian Bank charges on the personal loan amount. So that you don’t have any problem in repaying the loan amount and paying interest on the loan amount now let’s talk about how much interest you will get on taking a personal loan from South Indian Bank, let me tell you how much interest you will get on taking a personal loan from South Indian Bank. From South Indian Bank you get a minimum interest of 10.50% and a maximum of 16.50%.

How long will the loan amount be repaid after taking a personal loan from South Indian Bank?

Friends, if you are taking a personal loan from South Indian Bank, you should first check how much time South Indian Bank gives to repay the personal loan amount. So that you can repay the loan amount easily Friends, on taking a personal loan from South Indian Bank, you get a minimum of 12 months and a maximum of 60 months to repay the loan amount.

How much is the processing fee for taking a personal loan from South Indian Bank? (How much is the processing fee for South Indian Bank personal loan)
If you are taking a personal loan from South Indian Bank in the name of friends, you should be fully aware that processing fee is charged on the loan amount while taking a personal loan from South Indian Bank. On taking a personal loan from this bank, the loan will charge you a processing fee of 1-2% of the loan amount.

Also Read: Types of Best Home Loans in India 2022-2023

What are the eligibility criteria for taking a personal loan from South Indian Bank?

• Applicant’s age should be between minimum 21 years and maximum 65 years
• Applicant’s civil score should be 740+
• To take a personal loan from South Indian Bank, the monthly income of the applicant should be at least 25000 rupees.
• That applicant should be a job seeker or a business person

What are the documents required to avail South Indian Bank Personal Loan?

The following documents will be required to take a personal loan from South Indian Bank

• ID Proof/Identity Proof – Passport, Driving License, Voter ID Card.
• Address Proof/Residence Certificate – Aadhaar Card, Ration Card, Original Residence Certificate (issued by Govt.)
• ITR (Income-tax) for last 2 years.
• Bank Account Statement (for last 3 months)
• Salary proof/salary slip (last 6 months)

How long does it take to get a personal loan approved by South Indian Bank?

It takes very little time to get a personal loan approved from many banks, but when you take a personal loan from South Indian Bank, you don’t have to wait long to get the loan approved. South Indian Bank Personal Loan approves loan within 70 hours.

Eligibility for South Indian Bank Personal Loan

The following personal loan eligibility criteria should be kept in mind while applying for a South Indian Bank personal loan as an individual borrower:

For SIB Personal Loan

• Minimum credit score: 740; -1 to 5 for applicants with no credit history
• Gross Income: Rs. 10,000 pm (without clubbing of income of co-borrower or guarantor) supported by ITR/Form 16/16A/Banking
• Total employment must be a minimum of 2 years with at least 1 year in current employment
• The percentage of net take-home pay decreases with increase in monthly income after taking into account all repayment obligations including proposed loans.
• 30% net take-home pay is required for monthly income above Rs.1 lakh
• The monthly average balance for one year calculated on the specified dates should be at least 1.25 times the proposed EMI
• For NRIs – Based on average monthly remittances to own non-resident account (NRE) account or any resident account of spouse in the last twelve months excluding bulk remittances
• Business vintage of at least 3 years
• 1 year in current residence if rented
• Stability is not required if owned or parental home
• For NRIs, one domestic co-applicant is required (earning/non-earning).

For SIB Group Personal Loans

• Minimum credit score: 740; -1 to 5 for applicants with no credit history
• Gross Income: Rs. 10,000 pm (without clubbing of income of co-borrower or guarantor) supported by ITR/Form 16/16A/Banking
• Total employment must be a minimum of 2 years with at least 1 year in current employment
• The percentage of net take-home pay decreases with the increase in monthly income after taking into account all repayment obligations, including proposed loans.
• 30% net take-home pay is required for monthly income above Rs.1 lakh
• Monthly average balance for one year calculated on specific dates should be at least 1.25 times the proposed EMI.
• Guarantee to deduct EMI from all employees availing personal loan from employer and remit to bank in single remittance within 5 days from date of salary disbursement.

1 year in current residence if rented

The undertaking should include in case of retirement, termination, death, resignation etc. of the employee, the employer shall directly pay the leave pay or leave cash benefits or any other ex-gratia payments or arrears to the employee. Bank to adjust the employee’s liabilities with the bank
Stability is not required if owned or parental home

Why take personal loan from South Indian Bank?

• The process of taking a personal loan from this bank is very easy
• South Indian Bank personal loan interest rate is very low
• On taking a loan from this bank, the loan amount is directly transferred to your account
• Fewer documents are required for availing a personal loan
• You can repay the loan amount in easy installments
• You also have no problem in fulfilling the terms and conditions made by the bank as they are very best
• The bank also gives you a tenure of 12 months to 60 months to repay the loan amount while taking a personal loan.
• The processing fee is also very low
• This bank does not charge any other charges

How to Apply Online for Personal Loan from South Indian Bank?

Friends, if you are taking a personal loan from South Indian Bank, you can apply for it both online and offline. This facility is very well provided by South Indian Bank to its customers so that the applicant can apply for the loan from his mobile phone at home.

Apply South Indian Bank Personal Loan Online –

• First of all you have to go to the official site of South Indian Bank
• You have to open it and sign up after which the home page will open in front of you
• It will ask all your information, after reading it carefully, upload and submit your documents
• After that you have to pay your loan amount and submit it. After submitting the form, your application is under review.

Your documents are thoroughly checked, if you are eligible for the loan then your loan is approved. And you are notified by the bank on your registered mobile number, the loan amount is transferred to your account.

How to Apply Offline for Personal Loan from South Indian Bank?

• Friends, if you want to apply offline for taking personal loan from South Indian Bank, first of all you should go to your nearest bank branch to take personal loan from South Indian Bank.
• After that, get information about the loan scheme from the South Indian Bank Manager
• After that, take an application form from the bank, fill the form properly
• After filling the form properly, attach all your documents and submit the application to the bank
• After submitting your application to the bank, your documents will be verified by the bank officials and if you also follow all the terms and conditions and are eligible to take the loan then your loan will be approved.
• A loan approval notice is given to you by the bank and the loan amount is transferred to your account.

This is how you can apply offline for a personal loan from South Indian Bank

• South Indian Bank Personal Loan Customer Care
• Friends, through today’s post, you have come to know how to apply for a personal loan from South Indian Bank. What is the personal loan amount for taking a personal loan from South Indian Bank? How much interest will be charged on taking a personal loan from South Indian
• You have taken all this information today through this post
• If you want to take personal loan, business loan, car loan, gold loan, bank loan, education loan from any bank then specify in the comment box. If you like our post then share with your friends we will help you thanks

South Indian Bank Customer Care

You can contact South Indian Bank Customer Care through any of the following channels:

By phone: You can call the bank’s 24×7 toll-free number 1800-425-1809 or 1800-102-9408. NRI borrowers can call (+91)484-2388-555.
Email: You can send an email to customercare@sib.co.in
Branch Visit: You can also visit the nearest South Indian Bank branch to resolve your queries

FAQs
Question 1. How can I check my South Indian Bank personal loan eligibility?

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

Q2. What is the repayment term range of South Indian Bank personal loan?

South Indian Bank personal loan repayment tenure ranges from 12 to 60 months.

Q3. I work in MNC. Can I get South Indian Bank Personal Loan?

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

Q4. What is the maximum loan I can get from South Indian Bank?

The maximum amount you can avail under SIB Personal Loan Scheme for Individuals is Rs. 10 lakhs. Whereas, SIB Group Personal Loan Rs. Offers loan amount up to 25 lakh per employee and Rs. 100 lakhs per employer.

Question 5. Is it possible to add my spouse as a co-applicant?

Yes, South Indian Bank allows co-applicants also.

Q6. Is it possible to apply for a personal loan from South Indian Bank if I already have a personal loan?

Yes, you can have a maximum of 3 outstanding unsecured loans (including proposed loans) with South Indian Bank at a time.

Personal Loan Eligibility – South Indian Bank
1. What is a Personal Loan Eligibility Calculator?

A. Personal Loan Eligibility Calculator is a feature or tool available on the bank’s website that enables the user to calculate the loan amount that can be availed by any individual or the EMI that is payable by the borrower. Loan in selected period. The inputs required to calculate such data are,

• Age of applicant
• Applicant’s current income
• Current expenditure of the applicant
• Applicant’s external liabilities/current liabilities (if any)
• Loan amount
• Tenure

Interest rate

2. What is the maximum eligible loan tenure for a personal loan from South Indian Bank?

A. The maximum eligible loan tenure for South Indian Bank personal loan based on the credit score of the applicant is 5 years for SIB Group Personal Loan and 4 years to 5 years in case of SIB Personal Loan.

3. What is the minimum eligible loan amount for a personal loan from South Indian Bank?

A. Minimum Eligible Loan Amount for Bank Personal Loan Rs. 1,00,000 for SIB Personal Loan and Rs. 50,000 for SIB Group Personal Loan.

4. Are applicants eligible for prepayment or partial repayment of personal loan from South Indian Bank?

A. Yes. Borrowers can prepay or partially repay a bank personal loan without any restrictions on paying the minimum number of EMIs. The charges for that are,

4% of principal balance if the loan is prepaid/partially repaid within 12 months
2% of the principal balance if the loan is prepaid/partly repaid after 12 months
5. Does South Indian Bank require applicants to provide any security or collateral for personal loans?

A.No. Banks do not require applicants to provide any security or collateral for their personal loans