South Indian Bank Mortgage Loan

A Loan Against Property from South Indian Bank to meet your financial needs

Take the first step towards a stress-free life

South Indian Bank Mortgage Loan

This loan helps borrowers get access to funds by mortgaging their residential or commercial property, residential / commercial / industrial plot located in prime locations and so on to the bank to meet their urgent financial needs such as wedding expenses, travel expenses, medical exigencies, higher education and so on. This loan can also be repurposed into a consolidation loan to pay off high-interest debts

Features of South Indian Bank Loan Against Property

Why this Loan?

  • The South Indian Bank Mortgage Loan is meant for borrowers who want to avail financial assistance by mortgaging their property to the bank to meet their urgent financial needs other than for capital market, business, trading or speculative purposes
  • This loan can also be availed to consolidate debts
  • The bank offers special concession to salaried employees of government organisations

Loan Amount

  • The loan amount to be sanctioned under this loan scheme is Rs. 3 crore. The loan to value percentage ranges from 40% to 70% depending on the type of property and internal assessment


  • As of October 2020, the interest rate applicable to this loan may range from 9.45% to 10.70%


  • This loan must be repaid within 15 years subject to a maximum age of 60 years for salaried borrowers and 70 years for self-employed borrowers at the time of loan maturity, whichever is earlier

Margin Money (Borrower’s Contribution to Total Cost)

  • As of October 2020, this information is not mentioned on the bank’s website. We suggest calling the bank’s customer care number to get more details

Security Needed

  • The bank asks for the first charge of equitable/registered mortgage of property to secure this loan

Processing Charges

  • The bank charges 1.50% of the loan amount for processing the loan

Documents Needed for Individuals (Salaried and Self-employed)

  • Loan Application Form duly filled and signed by the applicant and co-applicant, if any
  • Two Passport Size Photographs of applicant and co-applicant
  • Personal ID Proof: Aadhaar Card, PAN Card, Passport or Driving License. PAN Card / PAN Card Issuing Letter is must
  • Signature Proof: PAN Card, Banker’s Verification, Driving License or Passport
  • Residential Address Proof (Any One): Aadhaar Card, Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
  • Income/Banking Proof for Salaried Professionals: Last 3 months’ salary slip, Form 16 or income tax returns
  • Income/Banking Proof for Self-employed Professionals/Non Professionals: Computation of income of last 2 years, Balance Sheet, Profit and Loss Account, Registration Certificate, GST Return, Income Tax Challan / Form 26AS / TDS Certificate, IT Assessment, etc.
  • Property related documents

Reference Facts

  • South Indian Bank Website:
  • Headquarters: Thrissur, Kerala
  • Call Centre Toll-free Number: 1800 425 1809, 1800 102 9408