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  #2  
16th December 2015, 10:35 AM
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Re: South Indian Bank Business Loan

Hii Guys , I want to Get Business Loan from South Indian Bank for it Will you please give me general information for same ?
  #3  
16th December 2015, 10:38 AM
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Join Date: Apr 2013
Re: South Indian Bank Business Loan

Friend for your Help ,Here I am Sharing South Indian Bank Business Personal Loan Scheme Details :

Maximum Quantum of loan

Maximum Rs. 3.00 lacs subject to the following :

Salaried Persons :

15 times of the monthly net salary excluding the proposed loan deductions subject to a maximum of Rs.3.00 lacs

Persons engaged in business/profession and filing IT Returns :Equal to the annual income declared as per the latest IT Return (without considering capital gains) subject to a maximum of Rs.3.00 lacs.

Persons travelling abroad on employment contract : 75% of total expenses / 5 times of monthly salary whichever is lower as per contract terms subject to a maximum loan of Rs. 3.00 lacs.

Mode of Disbursement

By credit to the SB/CD account of the borrower

In the case of NRIs, by credit to NRO account only .

Upfront fee
One-time upfront fee 0.50% of the loan amount

Repayment period :
Maximum 48 months(EMIs). In the case of group loans, single monthly payment covering the total monthly instalments of all members of the group to be obtained from the institution.

SIB Personal Business Loan Application Form






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