South Indian Bank Unveils 'SIB QUICKPL', a Fully Digital Personal Loan Platform.
Banking & Finance
On 24 February 2025, Thrissur (Kerala)-based private sector lender South Indian Bank Limited (SIB) launched "SIB QUICKPL," a fully digital personal loan platform designed exclusively for new customers.
- The innovative platform enables both salaried and self-employed individuals with good credit profiles to secure unsecured personal loans within just 10 minutes through a fully digital, paperless process, with the loan amount credited directly to a savings account in any bank across India.
Main Point :- (i) SIB QUICKPL is integrated with the Account Aggregator (AA) framework and the Income Tax portal for instant verification.
(ii) The platform eliminates the need for document uploads, ensuring that the approved loan amount is credited directly to the applicant’s savings account.
(iii) This platform offers a fast, transparent, and customer-centric financing solution, tailored to the evolving financial needs of modern Indians.
About South Indian Bank Limited (SIB)
MD & CEO : P.R. Seshadri
Headquarters : Thrissur, Kerala
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