Dealer Finance

Strengthen Your Dealership Network with South Indian Bank

South Indian Bank’s Dealer Finance Program provides a seamless financing solution for businesses looking to optimise their dealership operations, enhance liquidity, and support dealer relationships. Designed for corporates and their direct dealer networks, this facility offers structured financial support, hassle-free processing, and flexible repayment options to ensure smooth business operations without disruptions.

Key Features and Benefits

Comprehensive Financing Support

Flexible Loan Limits

Secured and Transparent Transactions

Competitive Interest Rates

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Comprehensive Financing Support – Specifically tailored for direct dealers identified by corporates and approved by the bank.

Flexible Loan Limits – Finance amounts ranging from Rs. 0.10 Crores to Rs. 20.00 Crores, catering to diverse business requirements.
Secured and Transparent Transactions – Primary security involves hypothecation of stocks or goods procured out of bank finance.
Competitive Interest Rates – Cost-effective funding based on the dealer’s financial strength and creditworthiness.
Flexible Repayment Options – Structured repayment plans, including bullet repayments or part payments aligned with dealer cash flow.
Dedicated Software Support - Software support with user interface provided to Corporate & Dealer

Criteria	Requirement
Corporate MoU	Dealer finance is available only for corporates with a Memorandum of Understanding (MoU) with the bank.
Dealer Assessment	Dealers must meet South Indian Bank’s credit assessment criteria.
Dealership Status	Dealers must hold valid dealership licenses and contracts for the supply of goods.
Primary Security	Hypothecation of Stock/ Goods procured out of bank finance. (In case of dealer having Multiple Banking Arrangements, Pari-Passu charge to be created to the extent of Bank's finance. Specific charge also may be considered if the goods financed by the Bank can be separately identifiable from the dealer's common inventory and free from any common charge)

Document Type	Required Documents
For Corporates (Principals):	Expression of Interest from the corporate. Yearly audited financials. Periodic dealer list with contact details.
For Dealers:	Complete KYC documents. Copy of dealership license issued by the company. Past two years’ balance sheet and profit/loss statement (previous year provisional, if audit is not completed). Past 12 months’ bank statements. Estimated financial projections for the current year and ensuring year.

Category

Details

Interest Rates

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Additional Charges

1% for each Dealer, No processing charge for Corporate

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Online Application:
Enter your details here and our representative will connect with you.

Offline Application:
Visit Your Nearest Branch – Bring the required documents and discuss your needs with our loan officer. Branch locator

Complete the Application Process – Submit the necessary paperwork for verification.
Approval & Disbursal – Once approved, funds are made available quickly.

Visit your nearest branch or contact our experts to explore the best financing options suitable to your business.

Frequently Asked Questions

To get answers to the frequently asked queries

This facility is available to dealers identified and approved by corporates with an existing MoU with South Indian Bank.

Financing ranges from Rs. 0.10 Crores to Rs. 20.00 Crores, depending on eligibility and business requirements.

The primary security includes hypothecation of stocks or goods procured out of bank finance. No additional collateral is required.

Yes, dealers with multiple banking arrangements can avail of this facility, provided Pari-Passu charges are created to secure the bank's financing.

Flexible repayment options, including bullet repayments or part payments aligned with dealer cash flow.