South Indian Bank Home Loan

Extensive paperwork usually makes the home loan application process quite tedious. But what if you could submit all your documents through a completely online process? Enjoy the convenience of digital documentation with home loans offered by South Indian Bank (SIB) on Bajaj Markets. With this loan, borrow up to ₹15 Crores at low interest rates starting from 8.50% p.a. Furthermore, repay the loan over a flexible tenure of up to 30 years. 

The South Indian Bank Home Loan interest rates and charges are as follows:

Here are the South Indian Bank Home Loan eligibility criteria you should know about:

• You should be an Indian resident

• Your gross monthly income must be over ₹50,000

• You should fall under the age bracket of 21 to 60 years

• You should have a minimum CIBIL Score of 730

• You must have a minimum work experience of 2 years

• You must have a minimum experience of 1 year at your current employment

Furthermore, you need to submit the following documents when applying for the loan:

• Identity Proof: Any one of the following

  • Passport

  • Voter ID

  • Driving licence

  • PAN card

  • Aadhaar card
    

• Address Proof: Any one of the following

  • Passport

  • Voter ID

  • Driving licence

  • Aadhaar card
    

• Income Proof: 

  • Latest salary certificate

  • Salary slips of the last 3 months

  • Copies of ITRs and the computation sheet of the last 2 years

  • Form No.16, parts A and B

  • Bank statements of the last 6 months
    

• Two passport-size photographs of each applicant

Follow these simple steps to apply for a South Indian Bank Home Loan online on Bajaj Markets:

• Click on the ‘CHECK OFFER’ option

• Enter your personal and professional details

• Choose ‘South Indian Bank’ from the list of lenders

• Provide your preferred loan amount and tenure

• Submit the application

After this, a representative will further guide you through the process.

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.