Loan Against Future Lease Rentals to consolidate your debts from SIB

Unleash the power of your rented out property to consolidate your loans

South Indian Bank SIB Mini Rental Scheme

This loan helps property owners who have rented out their residential, commercial or industrial property to reputable establishments to get financial assistance to meet their personal needs. This loan can be used to meet expenses for overseas travel, higher education, wedding and medical exigencies as well as for debt consolidation.

Features of South Indian Bank Future Lease Rentals Scheme

Why this Loan?

  • The South Indian Bank SIB Mini Rental Scheme is designed to help borrowers who have rented out their property to government units, semi-government units, public sector undertakings, financial institutions, reputed corporations, multinational companies, etc. to get funds to meet their personal needs
  • Borrowers can also avail this scheme to pay off their high-interest credit card debts and loans, thereby consolidating their debts

Loan Amount

  • The maximum loan amount sanctioned under this loan is 40 times of monthly rent or 75% of monthly rent covering the EMI, capped at Rs. 1 crore


  • As of October 2020, the interest rate applicable to this loan is 10.50% to 10.75%


  • This loan must be repaid within 7 years

Security Needed

  • The bank asks for the assignment of future rent receivables in favour of the bank to secure this loan

Margin Money (Borrowers Contribution to Total Cost)

  • The bank charges up to 25% as margin for this loan

Processing Charges

  • The bank charges 1.00% of the loan amount for processing the loan

Documents Needed

  • 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
  • Property-related documents
  • Bank statement for the last 12 months to which rentals are credited

Reference Facts

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