SIB GST Power Business Loan
A South Indian Bank overdraft for GST registered MSMEs and agro processing units, with the limit worked out from GST returns and past accounts.
Last updated on
Not yet confirmed. The details on this page are based on South Indian Bank, SIB GST Power Business Loan (external site) (official website), South Indian Bank, investor presentation for Q3 FY26 (external site) (official website) and South Indian Bank blog, how personalised finance is empowering women entrepreneurs (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
- Overdraft of ₹10 lakh to ₹5 crore, sized on GST returns and the firm's financial record
- Interest only on the amount used, and you can repay and draw again within the limit
- Minimal documents and sanction in about a day, as GST returns, income tax returns and Udyam details are checked online
- Reviewed and renewed each year based on business performance
Who can apply
- Businesses that are already running.
- Open to businesses in manufacturing, trading, services and food processing.
- Micro, small and medium enterprises.
- The most on offer is ₹5 crore.
- Udyam registration is needed. It is free.
- MSME or agro processing unit that banks only with South Indian Bank
- At least 3 years in business, units with 2 to 3 years may need special approval
- Udyam and GST registration
- Net profit after tax in the latest accounts
- Needs collateral security
- Not open to non-GST units, contractors, construction companies or builders
How to apply
- Apply at a South Indian Bank branch or through the bank's MSME loan enquiry online
- Before the money is released, give a local body or other licence, a net worth statement of owners and guarantors, and a rent agreement if the premises are rented
In person, any South Indian Bank branch
In Kerala, any South Indian Bank branch
Documents to keep ready
- GST and Udyam certificates
- PAN and proof of the business entity
- Last year's financial statements with schedules
- One year of bank account statements as e-PDF
- Identity and address proof
- Property documents for valuation
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.