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South Indian Bank Unveils 'SIB QUICKPL', a Fully Digital Personal Loan Platform.

Banking & Finance | Dated: 26 Feb 2025

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.

🎯 Key Highlights:

  • - 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.

💡 Other Important Facts:

  • (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.

📚 Test Your Knowledge:

Which private sector bank recently launched 'SIB QUICKPL', a fully digital personal loan platform?

Correct Answer: South Indian Bank

🚀 Quick Recap:

About South Indian Bank Limited (SIB)

  • MD & CEO : P.R. Seshadri
  • Headquarters : Thrissur, Kerala