Archive · 25 Nov 2025
South Indian Bank Launches SIB Power CONSOL
South Indian Bank has introduced a new loan called SIB Power CONSOL.
This loan helps people who have multiple debts, like home loans, car loans, and personal loans, by combining them into one loan.
This makes it easier to pay back because you only have to make one payment each month.
The bank will use your property as security for the loan.
You can borrow between ₹10 lakh and ₹3 crores, and you have up to 15 years to pay it back.
The bank will also pay off your old debts directly.
There's no fee to process this loan, and the interest rates are lower, which makes it a good deal for people who want to manage their money better.
South Indian Bank launched SIB Power CONSOL, a debt consolidation loan.
The loan targets salaried individuals, self-employed professionals, and non-professionals aged 30 to 55.
It consolidates multiple debts into a single loan with a lower interest rate and unified EMI.
Customers can borrow up to 75% of their property value, with loan amounts ranging from ₹10 lakh to ₹3 crores.
Repayment terms are up to 15 years for consolidated loans and up to 30 years for home loan balance transfers.
- Who
- South Indian Bank (SIB)
- What
- Launched SIB Power CONSOL, a debt consolidation loan
- When
- Not specified
- Where
- India
- Why
- To help customers manage multiple debts more efficiently through a single EMI payment
- Loan Type
- Debt Consolidation
- Target Age Group
- 30 to 55
- Loan Range
- ₹10 lakh to ₹3 crores
- Repayment Terms
- Up to 15 years for consolidated loans, up to 30 years for home loan balance transfers
- Property Mortgage
- Up to 75% of property value
- Processing Fee
- Zero