SIB Ashirwad

Achieve Your Dream Home with SIB Ashirwad

SIB Ashirwad from South Indian Bank is your pathway to owning a home. Designed for various customer segments, including salaried individuals, self-employed professionals, agriculturists, and pensioners, SIB Ashirwad offers affordable housing loans with attractive interest rates and flexible repayment options. Whether you’re buying, building, or renovating, SIB Ashirwad ensures your dreams are within reach.

Purpose of the loan

Purchase of a ready-to-occupy house or under-construction property.
Purchase of land and construction of a house.
Renovation, extension, or repair of an existing property.
Reimbursement of expenses for property purchase or construction.
Takeover of housing loans.

Tenure

Salaried: Up to 30 years or retirement age, whichever is earlier.
Self-Employed/Business Class: Up to 30 years or 70 years of age, whichever is earlier.
Pensioners: Up to 20 years or 70 years of age, whichever is earlier.

At South Indian Bank, we are committed to helping you turn your dream home into a reality. Apply now and take the first step towards owning your dream home.

Category	Details
Age	Minimum: 21 years (Salaried/SEP) / 24 years (SENP, Agriculturists) Maximum: 70 years at loan maturity
Employment status	Salaried, Self-employed, Agriculturists, or Pensioners
Income	Minimum Rs 15,000/month (Gross Income)

Pro tip: Use our Home Loan Eligibility Calculator to check your eligibility. Check Now
Achieve your dream of owning a home today with SIB Ashirwad!

Apply Now or Visit Your Nearest Branch

Category	Required Documents
Salaried Individuals	Salary Slips, Form 16, Bank Statements, KYC Documents.
Self-Employed/Business	ITRs, Balance Sheets, Proof of Business, KYC Documents.
Agriculturists	Tax Receipts, Land Records, KYC Documents.
Pensioners	Pension Order, Bank Statements, KYC Documents.

Category

Details

Interest Rates

Check Interest Rates

Additional Charges

Processing Charge 0.75% subject to Maximum of Rs 20000.00
Administration Charges: Rs 10000.00
EMI Bounce charge Rs.750.00 + GST
ECS/NACH swap charges Rs.500.00 + GST
Penal charges: As per extant guidelines

Click here for Service Charges

Fill in your details here and we will help you
OR

Submit application - Visit your nearest South Indian Bank branch to fill out the application form.
Verification and approval - Our team will review and approve your application.
3Disbursement - Receive the loan amount to finance your home décor.