SIB Small Business Loan

Discover new business opportunities with South Indian Bank’s Small Business Loan, designed to provide flexible financing solutions for micro, small, and medium enterprises (MSMEs). Whether you need funds for expansion, working capital, or modernization, this loan offers hassle-free processing, competitive rates, and customised repayment options to meet your business goals.

Key Features and Benefits

Flexible loan amount up to Rs. 50 lakh for your growing business needs

Range of Product Options to choose from Overdraft, Term Loan, or Dropline Overdraft

Flexible tenure up to 36 months for Overdraft and 60 months for Term Loan

Quick Processing ensures seamless disbursal of the loan amount

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SIB Small Business Loan

Why Choose South Indian Bank?

The SIB Small Business Loan is designed to provide flexible financing that cater to your various business needs. You can avail business loan from Rs.10 lakh to Rs.50 lakh, supporting businesses across sectors. Borrowers can choose from multiple financing options such as Overdraft, Term Loan, or Dropline Overdraft that meets the operational cash flow and other requirements.

Here is the eligibility criteria for the SIB Small Business Loan:

Criteria	Details
Eligible Customers	Self-Employed Non-Professionals (SENP): Manufacturers, traders, wholesalers, retailers, and service providers Self-Employed Professionals (SEP): Doctors, Chartered Accountants, Engineers, Architects, and others
Business Vintage/ Work Experience	Minimum 3 years of business experience
Age Limit	Minimum: 21 years, Maximum: 65 years (at loan maturity)

Category	Details
Financial Documents	2 years of audited/unaudited financial statements Last 12 months’ GST returns 2 years of ITR with computation sheets
Bank Statements	Last 12 month's Current Account statement
KYC Documents	For both borrower and guarantors
Proof of Business & Licenses	Proof of business registration and operational licenses
Additional Documents	Any further documentation requested by the bank

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

Online Application:

Enter you details here
A Relationship Manager will connect with you for further guidance.

Offline Application:

Visit your nearest South Indian Bank branch.
Consult with a Relationship Manager to explore loan options.
Submit your documents for verification and await approval.

QUESTIONS & ANSWERS

Frequently Asked Questions

Get answers to your queries

Yes, a Term Loan facility is also available, offering structured repayments up to 60 months alongside the Overdraft option.

The loan amount ranges from Rs. 10 lakh to Rs. 50 lakh.

Up to 36 months for Overdraft and 60 months for Term Loan or Dropline Overdraft.

Both Self-Employed Professionals (e.g., doctors, chartered accountants) and Self-Employed Non- Professionals (e.g., manufacturers, traders) are eligible.

Your business must have been operational for at least 3 years.