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01
Legacy of 95 years

Expertise and experience that makes banking easy for you since 1929

02
SIB Mirror+
Our secure mobile application with 100+ banking utilities
03
Award Winning Service
  • UiPath Automation Excellence Awards, 2020
  • Banking Frontiers Finnoviti Awards, 2021
  • ASSOCHAM National e-Summit & Awards for Digital Financial Services in Banking

Our
Services

Banking brought to your fingertips,
no matter where you are.

It's easy to open a Savings Account with us through Video KYC

Move the scale to calculate

Calculating EMI...

Loan EMI / Month

62,836

Fulfilling your
dreams is now easier.

Bank with us.
Anytime, anywhere

948
Branches
18
Regional Offices
1154
ATM
1
Digital Banking Unit
Trust meets Tech
since 1929
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Frequently Asked Questions
  • Flexible Tenure up to 7 years
  • Zero Pre-payment/Pre-closure Charge*
  • Pre-approved Car Loans for SIB Customers

Click here for EMI Calculator. “EMI/Rate displayed is an indicative only. The actual rate may vary”

  • Minimum Bureau Score of 740 and -1 to 5 without credit history for Applicant/ Co-applicant
  • Minimum 2 years of total employment with minimum 1 year in current employment
  • Minimum 3 years of business experience
  • Financing on-road price which includes Registration, Extended warranty and Insurance
  • Income of co-applicant can be considered for eligibility
  • SIB does not charge any processing fee for Gold Loan.
  • A retail customer can avail Gold Loan from Rs.5000 up to Rs.10 Crores.
  • CIBIL score will not be checked for the pawner. A Gold Loan is secured in nature, which implies that is protected by collateral.
  • Yes, the loan amount can be disbursed in cash. The maximum loan amount you can avail in cash is up to Rs.2 lakhs.
  • Gold ornaments are safe in a strong room equipped with the appropriate safety protocols.
  • Gold Loan repayment refers to repaying the loan amount along with all the interest due and any other charges levied. The customer can choose to pay it on maturity or opt for foreclosure of the Loan
  • Any resident individual of 18 years and above having valid Aadhaar & PAN can open Savings Account.(Existing SIB customers please use the branch channel for account opening.)
  •     The account opened through Video KYC is a full-fledged KYC-complied account and does not require visit to our branch at any point during the account opening process.
  • Resident Indian individual with 18 years of age or older having a valid PAN and Aadhaar in originals.
  • Kindly keep a blank white paper, a blue/black pen handy and ensure the area is well-lit with sufficient light and a stable network connection.
  •  The minimum balance to be maintained in the account depends on the type of account opened through Video KYC.
  • Of course. We have a Home Loan scheme for retired senior citizens (selected categories). The eligible group is senior citizens drawing monthly pension. The benefit of income tax rules can be utilised by availing loan under this scheme.
  • Proof of Residence
  • Proof of Income and net worth of borrower and co-applicant/s
  • Voters ID/ Passport/ Driving License/ PAN
  • Encumbrance Certificate of last 13 years
  • Latest Tax Paid Receipt
  • Possession Certificate in respect of property
  • Bank Account Statement of the last 6 months
  • Two passport size photographs each of borrower and co-applicant
  • Plan and estimate certified by a qualified engineer
  • Plan approval and sanction for construction from local bodies
  • In the case of NRIs, copy of employment contract, salary certificate/pay slip, current work permit, relevant pages of passport, name and full address of the employer/ sponsor abroad ,address and contact phone number of a close relative in India
  • Purchase of ready to occupy/ repurchase of flat/ house aged up to 20 years
  • Purchase of land and construction of house (In cases where plot is purchased and construction is undertaken at a later stage, declaration to be obtained from the borrower that he intends to construct a house on the said plot with the help of bank finance)
  • Purchase of flats or villas under construction in housing projects approved by the Bank.
  • Additions to the house/flat (Since estimate/plan/permit is available and equivalent to new construction, no restriction on loan amount)
  • Alteration/repair/reconstruction to the house/flat
  • Reimbursement of expenses incurred within two years for flats (reimbursement should not be beyond one year from the date of handing over, in case of ready to occupy flat/villa) / villa under construction, and purchase of ready to occupy flat/ villas
  • Takeover of Housing Loans
  •   Yes, you can avail loans for flats under construction wherein the project may be approved by the Bank.
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