South Indian Bank Launches ‘SIB Gold Xpress’ Offering Loans Up to 90% of Gold Value.
Banking & Finance
In August 2025, South Indian Bank (SIB) unveiled its new gold loan product named ‘SIB Gold Xpress,’ aimed at providing customers with easy, quick, and flexible access to credit by leveraging the value of their gold assets. The scheme is structured to support both individuals and businesses.
- The ‘SIB Gold Xpress’ offers customers a Loan-to-Value (LTV) ratio of up to 90% of the gold’s assessed value, ensuring higher credit access compared to traditional gold loan products.
- The minimum loan amount is set at Rs. 25,000, while customers can avail themselves of a maximum of Rs. 25 lakhs under this scheme.
Main Point :- (i) The repayment tenure of ‘SIB Gold Xpress’ has been designed with customer convenience in mind, allowing borrowers to choose repayment schedules of up to three years. This longer repayment period provides greater financial flexibility for those balancing personal expenses or business commitments.
(ii) The product has been introduced with a primary focus on Micro, Small and Medium Enterprises (MSMEs), alongside non-MSMEs and small business operators. By offering secured gold-based credit, the initiative is expected to help entrepreneurs meet requirements such as working capital, expansion projects, and other business-related needs.
(iii) Additionally, ‘SIB Gold Xpress’ has also been structured to benefit individuals looking for credit support for personal ventures or financial emergencies. With its simple documentation process, quick disbursement, and higher LTV ratio, the product strengthens South Indian Bank’s commitment to providing customer-centric financial solutions.
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