South Indian Bank (SIB) Ashirwad Housing Loan

You can apply for the South Indian Bank (SIB) Ashirwad Housing Loan on Bajaj Markets to manage your housing-related expenses with ease. With this loan, you can get up to ₹50 Lakhs, with interest rates starting from 9.50% p.a. You also get a flexible repayment tenure of up to 30 years.

The interest rates for this home loan are as follows:

Disclaimer - The mentioned details are subject to change at the lender’s discretion.

Below are some of the additional charges applicable to this home loan:

Disclaimer - The mentioned details are subject to change at the lender’s discretion

Before you apply, make sure you meet the following eligibility conditions:

• Age

You must be at least 21 years old if salaried, or 24 years old if self-employed. The maximum age at the time of loan maturity should not exceed 70 years.

• Nationality

You must be a citizen of India.

• CIBIL Score:

A credit score of 700 or above is preferred. A score of 680 may be considered if your repayment history is clean, with no delays or defaults.

• Work Experience
  

  • If salaried, you should have a minimum of 2 years of work experience

  • If self-employed or running a business, a minimum of 3 years is expected (A 1-year relaxation may be given based on other factors)

Note: If you do not have formal business proof, a verification (CPV) of your business by the branch head or an approved third-party agency can be accepted. However, this may result in a slightly higher interest rate.

• Income Requirement

You must earn a minimum of ₹15,000 per month (gross income), supported by a salary slip or ITR.

• Collateral Requirement

A residential property can be pledged as collateral for the loan

• Guarantor / Co-applicant Requirement
  

  • If you're married, your spouse must be a co-applicant or guarantor

  • If unmarried, a close relative or a loan protection insurance policy can be accepted
    

• Credit Behaviour

There should be no Days Past Due (DPD) in your credit repayment record for the last 6 months.

You can apply for the SIB Ashirwad Home Loan easily through Bajaj Markets by following these simple steps:

1. Click on the ‘Apply Now’ button on this page

2. Fill in your basic details in the online form

3. Select SIB Ashirwad from the list of available lenders

4. Choose your preferred loan amount and repayment tenure

5. Submit your application

Once you complete the form, a representative will get in touch with you to guide you through the next steps.