SIB Rental Scheme

Specially Designed Financing Solution To Meet Your Personal And Business Needs

Leverage the potential of your future rental income with the SIB Rental Loan Scheme, a specially designed financing solution to meet your personal and business needs. Whether you are an individual, a business owner, or an organisation, this scheme helps you utilise your rental receivables to achieve your financial goals.

Why Choose SIB Rental Scheme?

South Indian Bank’s Rental Loan Scheme offers a unique opportunity to realise the value of your future rental income with ease and flexibility. With a strong legacy of trust and excellence, SIB provides high loan amounts of up to Rs. 10 Crores at competitive interest rates, making it an ideal solution for both personal and business needs. The scheme's flexible repayment options, aligned with your lease period, ensure that your cash flow remains stable.

Here are the key features of SIB Rental Loan Scheme :

High loan amount - Avail loans up to Rs. 10 Crores based on your rental agreements
Flexible repayment tenure - Choose repayment terms aligned with your lease period, up to a maximum of 7 years
Comprehensive security options - Secured against hypothecation of rent receivables and 100% collateral security
Leverage future income - Utilise your rental receivables for immediate personal or business needs
Convenient loan processing - Quick and straightforward approval process
Competitive interest rates - Tailored to ensure affordability and flexibility
Enhanced financial planning - Structured repayment aligned with your lease duration

Applicants must meet the following eligibility criteria to apply for the SIB Rental Loan Scheme

Criteria	Details
Eligible applicants	Individuals Partnership firms Private/public limited companies Trusts Societies
Tenant requirements	The tenant must be a reputable entity such as MNCs, banks, financial institutions, insurance companies, blue-chip companies, PSUs, or government departments.

Meeting these criteria ensures a seamless application and approval process.

Category	Details
Interest Rates	Check Interest Rates
Other Charges	Click here for Service Charges

Choosing an affordable interest rate helps align your repayments with your financial goals.

Prepare the following documents based on your category to ensure a smooth loan application.

Applicant Type	Required Documents
Salaried individuals	KYC documents (PAN card, Aadhaar card, and photographs) Latest 3 month's salary slips ITR for the past 2 years. 6 month's bank account statements Registered lease agreement
Business class	KYC documents (PAN card, Aadhaar card, and photographs) Recent financial statements. ITR for the past 2 years 6 month's bank account statements. Registered lease agreement Title deeds, possession certificate, and other property-related documents
Pensioners	KYC documents (PAN card, Aadhaar card, and photographs) Latest 3 month's pension statements ITR for the past 2 years. 6 month's bank account statements Registered lease agreement

Having the necessary documents ready in advance can expedite the approval process and prevent delays.

Online application
- APPLY NOW and our representative will contact you.

Offline application
- Visit the nearest South Indian Bank branch
- Consult with a relationship manager to understand your loan options
- Provide the necessary documents for verification
- Complete the application process and await approval