South Indian Bank Launches A Fully Digital Personal Loan Platform

Kochi, 27 Feb 2025: In a move to make personal financing faster and more accessible, South Indian Bank (SIB) has launched “SIB QUICKPL”, an in-house Digital Personal Loan platform designed exclusively for new customers. The innovative platform enables both salaried and self-employed individuals with good credit profiles to avail unsecured personal loans through a fully digital, paperless process in just 10 minutes, and the money gets credited to a Savings account with any bank in India. 

South Indian Bank has been offering Pre-approved personal loans to its existing customers through digital channels, which could be availed in less than a minute, since 2019. This time, SIB has leveraged the digital infrastructure of the country to develop a seamless platform to serve the customers’ needs. With “SIB QUICKPL”, securing a personal loan is now as simple as a few clicks. Customers can visit SIB website and log in to the portal to apply for and avail the loan in as quick as 10 minutes. The entire process is fully digital and paperless, with no requirement for document uploads, as it leverages the Account Aggregator framework and integrates directly with the Income Tax portal for seamless verification.

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Explaining more about the initiative, Mr. Sanchay Sinha, CGM & Head – Retail Assets said, “SIB QUICKPL reflects our vision of blending trust with technology. While our customers have always trusted our service levels, through the platform, we are offering seamless financial solutions to new customers. We are confident that the initiative will provide people with the financial power to fulfil their dreams and aspirations. The platform is yet another milestone in our journey of digital transformation as we endeavour to offer quick, transparent, and customer-friendly financing options tailored to the modern Indian’s dynamic lifestyle.”

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About South Indian Bank:

South Indian Bank is a Kerala-based private-sector Bank with a nationwide presence. The Bank’s shares are listed on The Stock Exchange Mumbai (BSE) and The National Stock Exchange of India Ltd., Mumbai (NSE). [South Indian Bank has 950 branches, 5 Ultra Small Branches / Satellite Branches, 1154 ATMs, and 126 CRMs across India and a representative office in Dubai, UAE.

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