SIB Small Business Loan
A South Indian Bank loan of ₹10 to 50 lakh for self-employed business owners and professionals with at least 3 years in business.
Last updated on
Not yet confirmed. The details on this page are based on South Indian Bank, SIB Small Business Loan (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 ₹10 lakh to ₹50 lakh for businesses in any sector
- Taken as an overdraft, a term loan or a dropline overdraft, depending on cash flow
Who can apply
- Businesses that are already running.
- Open to businesses in manufacturing, trading and services.
- Micro and small enterprises.
- Age 21 or over.
- The most on offer is ₹50 lakh.
- Self-employed people such as manufacturers, traders, wholesalers, retailers and service providers, or professionals such as doctors, chartered accountants, engineers and architects
- At least 3 years of business experience
- At least 21 years old and no older than 65 when the loan ends
How to apply
- Apply at a South Indian Bank branch with the documents listed
In person, any South Indian Bank branch
In Kerala, any South Indian Bank branch
Documents to keep ready
- Audited or unaudited financial statements for 2 years
- GST returns for the last 12 months
- Income tax returns with computation for 2 years
- Current account statements for the last 12 months
- KYC of the borrower and guarantors
- Business registration and licences
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 Seen something out of date?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.