South Indian Bank Business Loan

Years

I accept Privacy Policy and Terms & Conditions. I appoint MyMoneyMantra as authorized representative to receive my credit information from Experian for the purpose of providing access to credit & targeted offers ('End Use Purpose') as defined in given Terms & Conditions.

Apply South Indian Bank Business Loan

About South Indian Bank Business Loan

South Indian Bank has the distinction of being one of the earliest banks in India, as it was conceived during the Swadeshi movement. A group of enterprising men established the bank in Thrissur, Kerala to provide safe banking facilities to people, including the business community who were suffering under the clutches of greedy moneylenders.�

Over a period, the bank grew in size to have several firsts to its credit. South Indian Bank was the first bank in the private sector in Kerala to become a scheduled bank. It was also the first private sector bank to open an Industrial Finance Branch in India. South Indian Bank places much emphasis on technology. It is the first Kerala-based bank to implement Core Banking System (CBS). Among the private sector banks in India, South Indian Bank has the third largest branch network under CBS.

South Indian Bank has a dominating presence in Kerala and the neighbouring state of Tamil Nadu. The bank has a pan India presence with more than 870 branches and 50 extension counters.

South Indian Bank offers various kinds of loans, such as Business Loans, home loans, car loans, personal loans, and education loans. Besides catering to the local clientele, South Indian Bank offers loan facilities to NRIs as well.��

Why Choose South Indian Bank Business Loan?

South Indian Bank was established with a primary aim of easing the worries of the business community. They offer an extensive range of Business Loans to cater to almost every industrial sector. The bank provides diverse facilities like cash credit, overdraft, working capital finance, long-term finance, supply chain finance, finance for commercial vehicles and mortgage loans for business.

South Indian Bank Business Loan - Features and Benefits

Different types of Business Loans are available for all businesses
Working capital finance offered in the form of cash credit, overdraft, bills discounting
Long-term financing facilities for business expansion and procurement of fixed assets
Collateral-free Business Loans up to a maximum of 1 Crore
Convenient repayment period ranging between 12 and 48 months depending on the working capital cycle of the business entity.
Attractive rates of interest on Business Loans
Transparency in the Business Loan approval process
Relaxed eligibility norms and documentation procedures
Reasonable charges
Pre-closure of loan facility available subject to specific conditions
Mortgage loans for business purposes are also available
Loans for purchase of commercial vehicles
Supply chain finance facility
Non-fund based finance

South Indian Bank Business Loan Interest Rates

With effect from 01 April 2016, South Indian Bank has shifted to the Marginal Cost of Funds Based Lending Rates (MCLR) methodology.

The bank's MCLas on 20 June 2019 are as follows:

Tenor	MCLR
Overnight	8.60%
One-Month	8.65%
Three-Month	8.80%
Six-Month	9.05%
One-Year	9.50%

Accounts sanctioned before 01 April 2016 can continue with the Base Rate or the Benchmark Prime Lending Rate as applicable.

The Base Rate of the South Indian Bank is 10%. The BPLR of the bank is 15%.

The rate of interest differs from one product to the other. The interest rate depends on other factors, such as the credit rating of the business entity. Here are the rates of interest applicable to schematic finances related to the business sector.

Loan Product	Rate of Interest
SIB Vyapar Rating AAA and AA	11.20%
SIB Vyapar Rating A	11.70%
SIB Vyapar Rating BBB	12.20%
SIB Vyapar Rating below BBB/Unrated	12.70%
SIB Mobiloan - Commercial	12.40% to 13.90%
SIB Loan against Property for Business	10.75% to 12%
OD against Property for Business	11.50%
SIB Pharma Plus Rating SIB A/White 3	10.80%
SIB Pharma Plus Rating BBB/Grey 1/Unrated	11.30%
SIB BB Pharma Plus Rating BB/Grey 2 and below	12.30%
SIB Mini Rental Scheme	12%
SIB Business Loan - Income Programme	13.70% to 15.70%
SIB Business Loan - Non-Income Programme	15.70% to 17.70%
SME Composite Loan	11.50% to 14 %
Trader's Overdraft	11.75% to 13%

All overdue accounts falling in the Special Mention Accounts (SMA) category attract additional interest.

Overdue period	Category	Additional Interest
31 to 60 days	SMA 1	Existing rate + 0.50%
61 to 90 days	SMA 2	Existing rate + 1 %

South Indian Bank Business Loans - Types and Eligibility Norms

South Indian Bank offers the following Business Loan facilities:

Business Banking
Working Capital Finance	Business Loan
Long Term Finance	Mortgage Loan for Business
Non-Fund Based Finance	SIB Commercial Vehicle Loan
Supply Chain Finance

Personal Banking

Loans for Purchase of Commercial Property

SIB Pharma Plus

SIB Rental Loans

Here's the detailed description of all the business financing products with their features and eligibility criteria:

Business Loan

Purpose	To meet all business requirements including working capital needs and long-term asset financing for business expansion
Target	Manufacturers, wholesalers, traders Self-employed individuals Self-employed professionals
Age Criteria	The minimum age at the time of application for the loan should be 21 years The maximum age at the maturity of loan should not exceed 65 years
Amount of Loan	Minimum Amount - 5 Lakhs Maximum Amount - 1 Crore
Repayment Tenure	Minimum tenure - 12 months Maximum tenure - 48 months
Rate of Interest	Attractive interest rates
Eligibility	Minimum credit score of 650
Features	Discounts available in ROI for excellent CIBIL scores Commercial CIBIL report should be satisfactory
Processing Fees	Up to 2% of the sanctioned amount
Pre-Closure charges	Pre-closure of loan - 3% of the outstanding loan amount Part payment of loan - 3% of excess amount other than EMI and additional charges

Working Capital Finance

Type of Finance	Overdraft Facilities
Purpose	Meet working capital requirements
Type of Account	Overdraft account where the borrower can withdraw up to the sanctioned limit. It is a running-type account where the borrower can remit business proceeds.
Target Group	Traders, individuals, and industrial concerns
Security	It can be unsecured, partially secured, or fully secured by mortgage of property and hypothecation of securities available to the bank
Type of Finance	Cash Credit Facilities
Purpose	Meet working capital and urgent business requirements
Type of Account	Similar to the overdraft account where the Projected Annual Turnover decides the amount of finance
Target Group	Traders, proprietorship concerns, partnership firms, private limited companies
Security	The primary security is hypothecation of goods/produce Collateral security - case to case basis
Loan Product	SIB Vyapar
Purpose	Working Capital requirements
Type of Account	CC/OD limit for a maximum of 12 months subject to renewal thereafter
Amount of Finance	Minimum - 5 Lakhs Maximum - 5 Crores
Target Group	Same as that of CC/OD
Security	Hypothecation of goods with a margin of 25% Assignment of book debts with a margin of 40%
Collateral	Liquid security such as FD, NSC, KVP, LIC Policy and PO deposits equal to a minimum of 100% of the loan amount Equitable Mortgage of the unencumbered property up to 150% for loans up to 20 Lakhs and 110% for loans above 20 Lakhs
Type of Finance	Bill Purchase or Bill Discounting
Purpose	Post Sale limit to meet working capital requirements
Type of Account	Purchase of clean documentary bills of exchange where immediate credit is offered after deducting the margin and handling charges Discounting of Usance bills of exchange after deduction of margin, interest for the usance period, and handling charges Discounting of outstation cheques after deducting a commission
Loan Product	SIB GST Business Loan
Target Group	MSME Units with a minimum existence of 3 years and filing GST returns for the last 12 months
Stability of office/residence	12 months at current office premises This condition does not apply if the MSME owns the office
Purpose	Meet Working Capital requirements
Amount of Loan	Minimum - 5 Lakhs Maximum - 1 Crore
Type of Facility	Cash Credit
Primary Security	Hypothecation of stocks and book debts
Collateral	Minimum equal to the loan amount Third party security not allowed
Rate of Interest	Present applicable rate - 10% to 12% depending on internal ratings
Assessment of finance	25% of sales turnover as per GST statement
CIBIL Checks	Satisfactory CIBIL report
Takeover of accounts	Allowed
Validity	One year subject to renewal thereafter
Processing Fee	0.40% of the approved limit
Loan Product	MSME Star
Target Group	MSME borrowers with a satisfactory record in credit bureaus/RBI defaulters list/SAL list by ECGC
Eligibility	Satisfy all the following criteria 3 years business vintage 24-month banking vintage Positive Projected Annual Turnover for 2 years Positive Tangible Net Worth for 3 years Minimum Br BB and FR 1 to FR 2 rating
Type of Loan	Cash Credit Facility Term Loan Non-fund based facilities such as Bank Guarantee or Letter of Credit
Purpose of Loan	Meet working capital requirements Purchase fixed assets for expansion of business
Amount of Loan	Minimum - 10 Lakhs Maximum - 10 Crores
Primary Security	Hypothecation of stocks and book debts for WC limit Hypothecation of fixed/moveable assets for TL Hypothecation of Goods purchased under LC/BG
Collateral	Manufacturing units - Minimum 75% Trading and Service Sector - Minimum 100%
Rate of Interest	Applicable rate of interest ranging from 10% to 12% depending on internal ratings
Processing Fees	Cash Credit - 0.25% Term Loan - 0.50% Non-fund based - 0.25%
Type of Finance	Long-term Loan
Type of Loan	Disbursement is in a lump sum and repayable in EMIs
Purpose	Meet business requirements like acquiring assets, upgrading capacity, and expand business or for a specific project
Repayment Tenure	Depending on your working capital cycle Flexible options like regular repayment or balloon payments

Supply Chain Finance

Facility	Vendor Finance
Purpose	Finance direct vendors of corporate
Conditions for operations	Execution of Memorandum of Understanding (MOU) between the corporate entity and the bank
Mode of Finance	The vendors identified by the corporate body alone are eligible for this finance facility
Nature of Facility	Vendor Finance
Limit per vendor	Minimum Limit - 10 Lakhs Maximum Limit - 20 Crores
Assessment	As per Bank rules and policies
Primary Security	Invoices/Bills accepted by the corporate entity
Documents	Product Specific documents
Rate of Interest	Applicable rates - 9.30% to 10.80% depending on internal ratings
Processing Fees	0.10% for each vendor
Software Support	Dedicated software support to both corporate and vendor with a user interface
Vendor Selection	Bank's decision
Repayment	Bullet payment or part payment depending on the cash flow of borrower subject to settling of all dues within the stipulated period
Type of Finance	Dealer Finance
Purpose	Finance direct dealers of the corporate entity
Conditions	Execution of MOU between the corporate and the bank
Mode of Finance	Dealers identified as eligible for finance by the corporate entity
Nature of Facility	Dealer Finance
Limits per dealer	Minimum - 10 Lakhs Maximum - 20 Crores
Assessment	Bank's discretion
Primary Security	Hypothecation of stock/goods purchased through bank finance
Documents	Product Specific
Rate of Interest	Range of 9.30% to 10.80% based on internal ratings of the dealer
Software Support	Available
Dealer selection	Bank's discretion
Repayment	Bullet payment or part payment depending on cash flow subject to clearing each bill within the stipulated period
Type of Finance	Corporate Bill Discounting
Target Group	Corporate entities engaged in manufacturing, retail chain, EPC, e-Commerce and trade of imported/domestic consumer/industrial goods and machinery Minimum annual turnover of 500 Crores and an external rating of A or above
Additional Conditions	No instance of cheque returned due to lack of funds No instance of SMA 1 or 2 classification in the last 12 months
Purpose	Finance to corporate for purchase from vendors pertaining to eligible industries Working capital requirement
Amount of Loan	Minimum - 1 Crore Maximum - 50 Crores
Period of finance	Maximum of 90 days
Primary Security	Accepted invoices and delivery challans Accepted B/E or demand bills
Collateral	No collateral for entities with external ratings A and above For others - Property worth 50% of the loan
Rate of Interest	9.05% to 10.30% depending on internal ratings
Documents	Product Specific
Processing Fee	0.25% of the approved limit
Other conditions	Satisfactory credit record

Mortgage Loan for Business

Purpose	To meet business related expenses
Loan variants	Overdraft Drop Line Overdraft Term Loan
Features	Attractive rates of interest starting from 9.50% Wide range of properties accepted as mortgage
Amount of Loan	Minimum - 5 Lakhs Maximum - 15 Crores
Loan tenure	Overdraft - 36 months subject to renewal thereafter DL Overdraft and Term Loan - Minimum tenure is 36 months and a maximum of 180 months
Types of property	Residential property Commercial buildings Residential plot, commercial and industrial plot LTV ratio should range between 40% to 70% depending on internal assessment and type of property offered
Conditions	Agricultural property, schools, hospitals, hostels, farmhouses, auctioned property or disputed property not acceptable
Processing Fee	Up to 1.50%
Documents	KYC documents and property documents along with income proof for 3 years

SIB Commercial/Agricultural Vehicle Loan

Purpose	Purchase new commercial/agricultural vehicle Purchase used vehicle not more than four years old Reimbursement of new vehicles within 3 months of purchase
Target Customers	Individuals, proprietorship concerns, partnership firms, company, trust, LLP, society
Age	Minimum age - 21 years Maximum age - 65 years
Amount of Loan	Minimum amount - 1 Lakh Maximum amount�- Depends on LTV ratio
Repayment tenure	Minimum tenure�- 12 months Maximum repayment period between 48 months for old and 84 months for new vehicles
Rate of Interest	Starting from 12.40%
Margin on Loan	New vehicles - 10% to 20% Old vehicles - 25%
Credit rating	Minimum CIBIL score of 650
Processing fee	1.50% with minimum 5,000
Prepayment charges	Up to 12 months - 2% of the prepaid amount Above 12 months - 1%
Other features	Two years of business experience is necessary Loan To Value ratio should be up to 80% for new vehicles and 75% for old vehicles Attractive interest rates On-road price financing Co-applicants allowed Three months moratorium CGTMSE Cover available if the loan is up to 10 Lakhs

SIB Pharma Plus

Purpose	To meet business-related working capital expenses
Target Customers	Pharmaceutical dealers, stockists, distributors handling Ayurvedic, Allopathic, or Homoeopathic drugs on wholesale or retail basis
Eligibility	Minimum 3 years of business continuity in Pharma distribution Profit making entity for 2 years
Nature of Limit	Cash Credit Open Loan Letter of Credit Bank Guarantee
Loan Amount	Minimum - 25 Lakhs Maximum amount - 15 Crores
Appraisal	Bank's internal appraisal formats
Rates of Interest	Attractive rates depending on the credit rating of the Pharma unit
Charges	Competitive rates
Collateral	Less than 5 years experience - 75% of the loan amount More than 5 years experience - 50% of the loan amount
Processing Fees	0.20% of the loan amount
Repayment tenure	12 months limit subject to renewal
Pre-closure Charges	Own funds - 2% of the approved limit Balance takeover - 3% of approved limits
Penal Interest	2% for the defaulted amount for the concerned period

SIB - Mini Rental Scheme

Purpose	To meet any business or personal purpose
Target Customers	Any customer having rental income from property
Eligibility	The borrower should necessarily be the owner of the property let out
Nature of advance	Financing against future rent receivables
Repayment tenure	Maximum of 84 months
Amount of Loan	Minimum amount - 1 Lakh Maximum amount - 1 Crore
Eligible Loan amount	Maximum of 40 times monthly rent with 75% of rent covering EMI
Margin	Nil
Primary Security	Hypothecation of rent receivables
Collateral	100% in the form of property from where there is generation of rental income Other property also accepted NSC, Gold, FDs, LIC policies
Rate of Interest	Attractive rates
Upfront fee	1% of the loan amount
Penal Interest	2% for default amount for the default period

Loans for Purchase of Commercial Property

Purpose	Purchase commercial building or property for own use or letting out
Type of property	Ready built commercial building Under construction commercial building Reimbursement of purchase already made
Target	Both residents and Non-resident Indians
Age	Minimum age is 21 years Maximum - 65 years
Loan Amount	Minimum 25 Lakhs with a maximum of 15 Crores
Repayment tenure	144 months
LTV Ratio	Up to 75%
Interest Rate	Start from 11.50%
Credit rating	Minimum CIBIL score of 600
Features	Under construction buildings - 6 months holiday period with borrower servicing interest during the period Readymade building - Age of building not more than 20 years Date of commencement of construction should not be more than 3 years old in the case of purchase of under construction buildings
Processing Fee	1% of loan with a minimum of 10,000
Pre-closure Charges	2% of the outstanding amount

Apart from Business Loans, South Indian Bank offers non-fund based facilities to eligible customers.

Inland Letter of Credit
Bank Guarantees
Combination of fund-based and non-fund based limits

Documents Required South Indian Bank Business Loan

KYC Documents
Individuals	PAN Card, Aadhaar Card, and Photographs
Proprietorship	KYC documents of proprietor and co-applicants Shop Establishment Certificate/Local body license/GST registration PAN Card
Partnership	KYC of partners Partnership deed and registration details PAN Card of firm Business address proof
Companies	KYC of directors Memorandum of Association and Articles of Association Shareholding pattern
Trust/Society	KYC of trustees KYC of the trust/society Trust deed/Society bye-laws
Income Documents
Individuals	ITR for minimum two years along with computation sheet Salary Slips/Pension statements/recent financials as the case may be Account Statement for a minimum of six months
Proprietorship/ Partnership/ Companies/ Trust/Societies	Three years IT returns with audit reports Six months bank account statement
Additional Documents
Takeover of loan	Sanction letter of existing facility along with a loan account statement
Property Documents
Title deeds of the property, possession certificate and tax paid receipts In the case of agricultural property - Proof of agricultural land holdings
Other Documents
SIB Commercial Vehicle Loan	Invoice of vehicle NRO should furnish passport and visa copy 12 months bank statement

�Besides the above general documents, the following products require the submission of additional documents.

Vendor Finance for Corporate / Dealer finance for corporate
Documents from Corporate entities	Audited financials of the corporate entity Expression of Interest List of vendors/dealers with complete details that the corporate body would like the bank to finance
Documents from Vendors	KYC documents Copy of Agreement/Contract/Purchase Order between the corporate and the vendor Financial statements of the vendor company Bank statement for a minimum of 12 months Estimated B/S and P/L account for the current year
Corporate Bill Discounting
Documents from Corporate/Principal	Last three years audited financials and unaudited quarterly results Current year's estimated B/S and P/L statement Projections for the following year All KYC documents Statement of A/c for 12 months List of approved vendors whose bills the corporate wishes the bank to discount
SIB GST Business Loan
�	Application in the prescribed format Individual net-worth statements GSTR Statement for the last 12 months Copies of title deeds, encumbrance certificates, tax paid receipts Bank account statement for a minimum of 12 months for taking over accounts Necessary license copies KYC documents of the firm and individuals connected with it
MSME Star Business Loan
�	Prescribed application form Necessary KYC documents Income documents GST returns for 12 months Udyog Aadhar Number, if any Statement of account of all accounts of the unit Details of EMIs of all loans reflecting in the A/c statement Property documents KYC and Income documents of co-applicants/guarantors Registration documents as required by law

Why Apply for South Indian Bank Business Loan on MyMoneyMantra?

Applying for South Indian Bank Business Loans on the MyMoneyMantra entitles the applicants to the following benefits:

Get an opportunity to compare the Business Loan products of different banks on a single screen
Our customer service executives can help you with the compilation of loan documents and submitting the same to the bank.
Avail the benefits of using our Loan EMI Calculator to arrive at the appropriate EMI. It also helps in determining your eligibility.
Get all the information regarding South Indian Bank Business Loan on a single platform
Our services are available free of cost to our clients

How to Apply for South Indian Bank Business Loan on MyMoneyMantra?

MyMoneyMantra makes it easy for you to apply for South Indian Bank Business Loans.

Access our website and select the Business Loan option, it is given under the tab of Loans
Fill in the details asked for by the system
Furnishing your mobile number is necessary for confirmation purposes
We send you an OTP on the registered mobile number
Enter the OTP details at the requisite place and gain access to compare the best Business Loans on offer in the industry on a single screen.
Our customer service executives will make it easy for you by explaining the loan application procedure.
Complete the documentation formalities and proceed to apply for your South Indian Bank Business Loan.
We will assist you in submitting the documents to the South Indian Bank

Other Products by South Indian Bank

South Indian Bank offers an array of Business Loans. Besides, they have loan products for almost every activity. Here are some of the other loan products on offer.�

Personal Loans - for all personal uses
Home Loans - to purchase homes or construct houses
Car Loans - to buy cars
Gold Loans - to meet all kinds of personal and business exigencies
Education Loans - for education in India and abroad
Property Loans - for personal and commercial uses
SIB Decor - for interior decoration
SIB Travel Delight - To fund travel expenses

Non-resident Indians can also avail personal loans, home loans, car loans, property loans, education loans, and SIB Decor.

Apart from loans and deposits, South Indian Bank is active on mutual funds and insurance businesses.

How to Calculate South Indian Bank Business Loan EMI?

You can also use the MyMoneyMantra EMI Calculator to calculate EMI for South Indian Bank Business Loan. The procedure is easy and instant.

Enter the loan amount, rate of interest, and tenure and click on the Calculate button to calculate the EMI within no time.

The online tool comes at free of cost for you. You can use the same calculator innumerable times to calculate EMI for any loan.

Charges for South Indian Bank Business Loans

Processing Fees
Business Loans	Up to 2% of the loan amount
SIB GST Business Loan	0.40% of the loan amount
MSME Star Loan	CCOL Facility - 0.25% of limit sanctioned Term Loan - 0.50% of the sanctioned amount Non-fund-based - 0.25% of the limit
Vendor Finance	0.10% for vendors and NIL for corporate
Dealer Finance	0.20% for dealers and NIL for corporate
Corporate Bill Discounting	0.25% of the limit sanctioned
Mortgage Loan for Business	Up to 1.50% of the loan amount
SIB Commercial Vehicle Loan	1.50% with a minimum of 5,000
SIB Pharma Plus	0.20% of the loan amount
SIB Mini Rental Scheme	Upfront Fee of 1% of the loan amount
Pre-Closure Charges
Business Loan	3% of the outstanding loan amount on the day of pre-closure
Mortgage Loan for Business	2% of Outstanding balance/DP for using own funds 3% of DP/outstanding balance for balance takeover accounts
SIB Commercial Vehicle Loan	Up to 12 months - 2% of the prepaid amount Above 12 months - 1% of the prepaid amount
SIB Pharma Plus	Closed through own funds - 2% of the sanctioned amount Closed by takeover - 3% of the sanctioned amount
Other Charges
Mortgage Loan for Business	Commitment charges - 0.025% of the unutilized portion above 1 Crore
SIB Pharma Plus	Penal Interest - 2% p.a. for the defaulted amount for the default period
SIB Mini Rental	Penal Interest - 2% p.a. for the default amount

South Indian Bank Business Loan - Customer Care

Customers can contact South Indian Bank with their feedback and grievances at the following phone numbers and email address:

Toll-Free Number: 1800-425-1809 or 1800-102-9408

Landline Number: 0487-2420020, 0487-2420488

Email id: customercare@sib.co.in

Corporate Office: South Indian Bank Ltd, Head Office, TB Road, Mission Quarters, Thrissur 680001, Kerala, India.

South Indian Bank Business Loan - FAQs

How do I pay the South Indian Bank Business Loan EMI?

South Indian Bank offers various methods for servicing your loan EMIs. If you have a current account with the bank, you can set up a standing instruction to the bank to debit your account with the EMI amount on the due date. In this way, you do not miss out on the repayment. Submitting PDCs or ECS mandates are alternative methods of paying your EMIs. You can also transfer funds online to your loan account. Paying cash into your loan account is a common way of repaying your EMIs. However, you might incur cash handling charges if the amount is high.

Are there any benefits to existing SIB customers in the pricing of loans?

Yes, SIB Prime Platinum and SIB Platinum customers get discounts on the applicable interest rates for retail loans. Besides, they get 25% to 50% waiver on processing fees in addition to other concessions.

What is the turnaround period for a South Indian Bank Business Loan?

The turnaround period for SIB Business Loans differs depending on the sanctioning authority.

Branch Level: The turnaround period is 7 days after receipt of all documents in order
Regional Office Level: The period is 10 days after clarifying all queries
Head Office Level: The time frame for disposal of a Business Loan at HO level is 15 days after receiving the final clarifications.
Management Committee: You can expect a decision on your loan proposal within 30 days if it goes to the Managing Committee of the Board of Directors.

Does South Indian Bank Ltd offer loans under CGTMSE guarantee cover?

Yes, South Indian Bank Ltd offers loans under CGTMSE guarantee cover, as the bank is a member lending institution authorised by CGTMSE. The SIB Commercial Vehicle Loan product provides cover under CGTMSE for loans under 10 Lakhs.

Can NRIs get loans from South Indian Bank Ltd?

Yes, NRIs can avail home loans, personal loans, car loans, property loans, education loans, and loans for interior decoration from SIB. They cannot avail Business Loans in India from SIB.

Does South Indian Bank offer any branch banking?

Yes, South Indian Bank Ltd has all its branches and extension counters under CBS. It offers 'Any Branch Banking' facility to its customers.

Does South Indian Bank have any office outside India?

South Indian Bank has a representative office in Dubai to cater to the Indian Diaspora in the UAE. It provides customers with banking, financial, and investment consultation services. The bank facilitates easy transfer of money from the UAE to India.

How do you contact MyMoneyMantra for availing loan from South Indian Bank?

MyMoneyMantra provides excellent facilities to its clients by helping them to apply for Business Loans and other loans from more than 90 banks and NBFCs. You can contact us in three ways.

Call us on 1800-104-4404 to speak to one of our customer service executives. We help you with understanding the loan application process.
Drop an email to contactus@mymoneymantra.com to enable our customer service executives to get back in touch with you.
Access our website and apply for the South Indian Bank Business Loan through us after comparing the loan offers from various banks.

Can I foreclose my Business Loan with SIB?

Yes, you can foreclose your South Indian Bank Business Loan subject to paying the necessary foreclosure charges.

What type of non-fund-based facilities does the South Indian Bank offer to its clients?

South Indian Bank offers inland LC and Bank Guarantee facilities to its customers. Some of the products provide composite fund-based and non-fund-based facilities.

Latest News - South Indian Bank

South Indian Bank plans to raise a debt of 500 Crores

South Indian Bank Ltd has approved a proposal to raise funds in Indian or foreign currency up to 500 Crores by issuing debt securities including non-convertible debentures in the domestic/overseas market on a private placement basis.

Reserve Bank of India fines South Indian Bank an amount of 10 Lakhs

Due to a failure to honour its bank guarantee commitments, Reserve Bank of India or RBI has slapped a fine of 10 Lakhs following references from a private party and a Government department.

South Indian Bank has posted a stand-alone net interest income of 499.36 Crores for the year ended March 2019.

South Indian Bank has witnessed a growth of 1.45% from 492.20 Crores in March 2018 to post a net interest income of 499.36 Crores for March 2019. However, the quarterly net profit of the bank saw a decline from 114.10 Crores in March 2018 to 70.51 Crores in March 2019. �

South Indian Bank Business Loan

About South Indian Bank Business Loan

Why Choose South Indian Bank Business Loan?

South Indian Bank Business Loan - Features and Benefits

South Indian Bank Business Loan Interest Rates

South Indian Bank Business Loans - Types and Eligibility Norms

Business Loan

Working Capital Finance

Supply Chain Finance

Mortgage Loan for Business

SIB Commercial/Agricultural Vehicle Loan

SIB Pharma Plus

SIB - Mini Rental Scheme

Loans for Purchase of Commercial Property

Documents Required South Indian Bank Business Loan

Why Apply for South Indian Bank Business Loan on MyMoneyMantra?

How to Apply for South Indian Bank Business Loan on MyMoneyMantra?

Other Products by South Indian Bank

How to Calculate South Indian Bank Business Loan EMI?

Charges for South Indian Bank Business Loans

South Indian Bank Business Loan - Customer Care

South Indian Bank Business Loan - FAQs

How do I pay the South Indian Bank Business Loan EMI?

Are there any benefits to existing SIB customers in the pricing of loans?

What is the turnaround period for a South Indian Bank Business Loan?

Does South Indian Bank Ltd offer loans under CGTMSE guarantee cover?

Can NRIs get loans from South Indian Bank Ltd?

Does South Indian Bank offer any branch banking?

Does South Indian Bank have any office outside India?

How do you contact MyMoneyMantra for availing loan from South Indian Bank?

Can I foreclose my Business Loan with SIB?

What type of non-fund-based facilities does the South Indian Bank offer to its clients?

Latest News - South Indian Bank

South Indian Bank plans to raise a debt of 500 Crores

Reserve Bank of India fines South Indian Bank an amount of 10 Lakhs

South Indian Bank has posted a stand-alone net interest income of 499.36 Crores for the year ended March 2019.

Recent Articles

OTP is sent to your mobile number

Terms of Use and Privacy Policy

What data is collected from you automatically?

Data which we collect from you:

Why we collect the information?

We will send information about you to other companies or people when:

DND

Privacy Policy Changes