South Indian Bank Personal Loan

Age

• 21 Years to 60 years or superannuation age, whichever is earlier (Salaried),65 years (Self Employed)

CIBIL Score

• A CIBIL score of 730 or above is generally considered good for approving a personal loan.

Required Documents

• For Salaried - Identity Proof ,Address Proof,Passport Size Photo,Latest 3 months pay slips,Latest Form 16/ITR and Latest 6 months Bank statement showing Salary Credits
• Business Class – Self Employed Non Professionals - Identity Proof,Address Proof,Passport Size Photo,Latest 2 years Tax returns,Valid Business Proof and Latest 6 months Bank statements
• Self Employed Professionals - Identity Proof,Address Proof,Passport Size Photo,Latest 2 years Tax returns,Valid registration proof and professional certificate and Latest 6 months Bank Statements
• Non Resident Indians - Identity Proof,Address Proof,Passport Size Photo,Valid Passport and VISA,12 months NRE account statement and 12 months NRE account statement/spouse domestic account statement reflecting NRE remittance/overseas bank statement

Nature of Employment

• Salaried (Employees of Government, PSU, MNC, Listed companies and reputed
• Public and Private limited companies only)
• SENP (Self Employed Non-Professional) Manufacturers, Traders, Wholesalers, Retailers, Service Providers
• SEP (Self Employed Professionals) Doctors, CA, CS, ICWA, Architects, Engineers.
• Non Resident Indian

Minimum Monthly Income

• Rs. 25,000 p.m. (without clubbing of income of co-borrower or guarantor)

Loan Processing Charges

• 1% of loan amount for salaried and 2% of loan amount for self employed

Minimum Work Experience

• Minimum 2 years of total employment with minimum 1 year in current employment
• Business Vintage: Minimum 3 years

Features

• Tenure 12 months to Up to 60 months