SIB CV Plus, commercial vehicle loan
A South Indian Bank loan for transporters, fleet owners and other businesses carrying goods or passengers to buy commercial vehicles.
Last updated on
Not yet confirmed. The details on this page are based on South Indian Bank, SIB CV Plus (external site) (official website) and South Indian Bank, commercial vehicle and construction equipment loans (external site) (official website), and we have not been able to confirm them against a current official page. Check with The South Indian Bank Limited before you rely on them.
- Status
- Open
- Run by
- The South Indian Bank Limited
What you get
- Loans of ₹1 lakh to ₹10 crore
- Repayment over up to 60 months
- Covers a new vehicle, refinance of a vehicle bought in the last 3 months, or takeover of a commercial vehicle loan from another lender
Who can apply
- Businesses that are already running.
- Age 21 or over.
- The most on offer is ₹10 crore.
- Individuals and businesses that carry goods or passengers
- At least 21 years old and no older than 65 when the loan ends
- At least 2 years in the current business and 2 years at the current address
- CIBIL score of 700 or more for individuals, or a CMR rating of 1 to 5 for businesses
How to apply
- Apply at a South Indian Bank branch
In person, any South Indian Bank branch
In Kerala, any South Indian Bank branch
Where we found this
An independent guide by The Company of Four, not a government website. Schemes change often, so check every detail on the official website before you apply. Links marked ↗ open external websites that we do not run, and we are not responsible for their content. Seen something out of date? Tell us and we will look into it.