About the Bank
South Indian Bank (SIB) initiated operations on 29th January 1929, as a private Limited Company under the companies Act of 1913. SIB is one of the oldest banks of South India headquartered at Thrissur. The Bank was established to meet the financial needs of a group of resourceful men who started working together at Thrissur. SIB was incorporated with the aim to provide an efficient, safe and service oriented repository of savings and to save the businessmen from the money lenders who charge high interest rates, by providing finance at reasonable interest rates.
South Indian Bank (SIB) is a private sector bank of India having 839 branches, 4 service branches, 42 extension counters and 1293 ATMs. The Bank has the third largest branch network among the Indian Private Sector Banks.
South Indian Bank car loan
South Indian Bank car loans are one of the best car loans in India, as it offers car loans at reasonable interest rates. Car loans offered by South Indian Bank are better known as Mobi Loan and can be availed for purchase of new car, second hand car and takeover of existing vehicle loans. Car loan provided by South Indian Bank come with transparent processing and no hidden charges. Car loans from South Indian Bank can be availed for purchasing a new or old vehicle for personal, agricultural or commercial use.
Further, South Indian Bank car loan caters to people from all employment segments and is offered to salaried, self-employed, agriculturists, NRI and pensioners. South Indian Bank plans come with a number of benefits like simple documentation, quick approval and car loan disbursals and competitive car loan interest rates.
Features of South Indian Bank car loan
Buying a car can be a huge investment for most of us and paying for it out of the pocket is not easy. Car loan makes buying your dream car an easy task. You can avail finance for the car you want to buy and repay the borrowed money with the accrued interest through the tenure of the loan. South Indian Bank offers both new and used car loan. South Indian Bank takes minimum time to disburse car loans, so that you can drive your dream machine as soon as possible.
Apply for a South Indian Bank car loan if you want to:
- Buy a new vehicle by availing a new car loan
- Buy a second hand vehicle by availing a used car loan
- Takeover or Balance Transfer of usual car loan
Car finance plans by South Indian Bank can be availed for the following vehicle types:
- Private
- Commercial or taxi vehicle
- Vehicles for Agriculture and allied purposes