Post PropertyFREE

South Indian Bank Home Loan

South Indian Bank offers home loans to all individuals who are planning to purchase a home or plot.
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  • India +91
  • United Arab Emirates +971
  • United Kingdom +44
  • Oman +968
  • Jamaica +1-876
  • Singapore +65
  • Philippines +63
  • Kuwait +965
  • Saudi Arabia +966
  • USA +1
  • Uganda +256
  • Spain +34
  • Australia +61
  • Sri Lanka +94
  • Nigeria +234
  • Japan +81
  • New Zealand +64
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    Highlights

    • Rate of interest
      9.85% - 11.8% p.a.
    • Tenure
      30 - 75 years
    • Processing fee
      0.50%
    • Loan amount
      Rs.2 lakh - Rs.15 crore
    • Prepayment Charges
      Nil
    • Foreclosure Charges
      Nil

    Are you eligible?

    You should meet the following criteria to apply for this loan:
    • Resident type: Indian
    • Applicant's age: 21 - 75 years

    Key features of South Indian Bank Home Loan

    • All Salaried Individuals, Self Employed Non Professional, Self Employed Professionals and Senior citizen / Pensioner can apply for South Indian Bank.
    • The processing fee of the South Indian Bank home loans is minimal.

    Tentative list of documents required for Home Loan

    Mandatory documents(To be submitted by all applicants)
    1. Identity Proof: Passport/Voters ID/Driving License/PAN Card/ Aadhar Card.
    2. Address Proof: Passport/Voters ID/Driving License/PAN Card/ Aadhar Card, Copy of VISA, Passport, Work Permit, ID Card (Applicable for NRI customers)
    3. Property Documents: Sale Agreement, Approved Plan, Latest Building Tax Receipt, Location Sketch Issued by Village Office/Revenue Office, Possession Certificate Issued by Village Office/Revenue Office, Latest Land Tax Receipt
    For salaried individuals
    Income Documents: Min 2 latest salary slips (min 6 pay slips in case monthly income is variable) / Latest Salary Certificate, Latest 2 Years ITR with Computation/ Form 16 for the last 2 Years, Minimum last 6 months bank statement with min 5 salary credits.
    For self-employed individuals
    Income Documents: Latest Two Year Personal ITRs supported by Computation of Income, Proof of Business, Last 6 months Bank account statement.

    Home Loan Calculator*

    All you need to know about your home loan

    • EMI Calculator
    • Loan Eligibility Calculator
    • Balance Transfer
    • Prepayment
    • Rate Change
    • Monthly Loan Repayment

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    • 5 yrs
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    • 30 yrs
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    Calculate Your EMI
    You are Eligible for EMI Amount
    ₹ 39,388
    Principal Amount
    ₹65,00,000
    Interest Amount
    ₹29,53,299
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    Disclaimer: The information available on this site has been gathered from publicly available sources and is accurate to the best of our knowledge. However, please be aware that the rates and other offers may vary based on your profile and may be subject to change without notice. Therefore, we advise you to verify the information before applying for any loan through this website. Magicbricks accepts no liability for any loss arising from the use of the information on this website. Refer T&C for the detail.
    (T&C link: https://property.magicbricks.com/terms/terms.html)

    **This service is available in select cities only.

    *These calculators are only for illustrative purposes. These figures may or may not be applicable to your particular situation. Magicbricks will not be responsible for any loss or liability arising from the use of these calculators.