South Indian Bank, established in 1929, has grown into a prominent private sector bank in India, renowned for its customer-centric approach and innovative banking solutions. The bank offers a comprehensive suite of loan products designed to cater to the diverse financial needs of its customers.

Personal Loans

South Indian Bank provides personal loans to salaried individuals, self-employed professionals, and NRIs. Key details include:

 • Minimum Income Requirements: Gross monthly income of ₹25,000 (without clubbing of income of co-borrower/guarantor). 

 • Loan Amount: ₹1 lakh to ₹10 lakh. 

 • Loan Tenure: 1 to 5 years. 

 • Age Limits: 21 to 60 years for salaried individuals; up to 65 years for self-employed individuals. 

 • Minimum CIBIL Score: 740. 

Home Loans

South Indian Bank offers various home loan schemes to assist customers in purchasing or constructing their dream homes.

 • Minimum Income Requirements: Varies based on loan amount and applicant profile.

 • Types of Home Loans: Regular Home Loans, NRI Home Loans, and Home Improvement Loans.

 • Loan Amount: Based on applicant’s repayment capacity and property value.

 • Loan Tenure: Up to 30 years or until the borrower attains 75 years of age, whichever is earlier. 

 • Age Limits: 21 to 75 years. 

 • Minimum CIBIL Score: 730. 

Mortgage Loans

South Indian Bank provides mortgage loans against property for personal or business needs.

 • Minimum Income Requirements: Subject to bank’s assessment.

 • Loan Amount: Determined based on property value and repayment capacity.

 • Loan Tenure: Flexible tenures as per bank’s policies.

 • Age Limits: Typically between 21 to 65 years.

 • Minimum CIBIL Score: Generally 730 and above.

New Car Loans

South Indian Bank offers car loans with attractive interest rates and quick approvals.

 • Minimum Income Requirements: Varies based on applicant’s profile.

 • Loan Amount: Up to 100% of the on-road price of the car.

 • Loan Tenure: Up to 7 years.

 • Age Limits: 21 to 65 years.

 • Minimum CIBIL Score: 740; scores between 700 to 739 without any blemishes are also considered. 

Used Car Loans

Not applicable, as South Indian Bank currently does not offer loans for used cars.

Business Loans

South Indian Bank supports businesses through various loan schemes, including MSME loans, working capital finance, and term loans.

 • Types of Business Loan Schemes: MSME Loans, Working Capital Finance, Term Loans.

 • Minimum Income Requirements: Subject to bank’s assessment.

 • Loan Amount: Based on business requirements and repayment capacity.

 • Loan Tenure: Flexible tenures as per business needs.

 • Age Limits: Typically between 21 to 65 years.

 • Minimum CIBIL Score: Generally 730 and above.

Educational Loans

South Indian Bank offers educational loans to students pursuing higher education in India and abroad.

 • Minimum Income Requirements: No specific requirement; co-applicant’s income considered.

 • Loan Amount: Up to ₹10 lakh for studies in India and up to ₹20 lakh for studies abroad.

 • Loan Tenure: Up to 15 years.

 • Age Limits: No specific age limit; subject to bank’s discretion.

 • Minimum CIBIL Score: Generally 730 and above.

How DMS Can Assist in Obtaining Loans from South Indian Bank

At DMS, we specialize in simplifying the loan application process for our clients. Here’s how we can assist you in securing a loan from South Indian Bank:

 • Personalized Consultation: We assess your financial needs and recommend the most suitable loan products.

 • Documentation Assistance: Our team helps you compile and organize all necessary documents, ensuring a smooth application process.

 • Application Submission: We submit your application to South Indian Bank on your behalf, ensuring all requirements are met.

 • Follow-up and Support: We provide continuous support and follow up with the bank to expedite the approval process.

With DMS, you can navigate the loan application process with ease and confidence, securing the financial support you need from South Indian Bank.