South Indian Bank launches personal loan platform ‘SIB QUICKPL’ – CNBC TV18

South Indian Bank launches personal loan platform ‘SIB QUICKPL’ – CNBC TV18

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South Indian Bank has introduced SIB QUICKPL, a fully digital personal loan platform designed for new customers. The platform enables salaried and self-employed individuals with strong credit profiles to secure unsecured personal loans through a paperless process in 10 minutes.

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The loan amount is credited directly to a savings account with any bank in India.

The bank has been offering pre-approved personal loans to its existing customers through digital channels since 2019, with disbursal in under a minute.

The platform eliminates the need for document uploads by integrating with the Account Aggregator framework and Income Tax portal for verification, the lender said.

Customers can apply for loans through the SIB QUICKPL portal at https://pl.southindianbank.com/quickpl/.

Sanchay Sinha, CGM & Head – Retail Assets, South Indian Bank, said: “We believe this initiative will empower individuals by offering quick, transparent, and customer-friendly financing options tailored to their dynamic lifestyles.”

South Indian Bank is a Kerala-based private sector bank. It operates 950 branches, 1,154 ATMs, and 126 CRMs across India, with a representative office in Dubai, UAE.

The bank’s shares are listed on BSE and NSE.

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