New Delhi, Nov. 25 -- South Indian Bank (SIB) has announced the launch of SIB Power CONSOL, a new loan offering. It is designed to help customers manage multiple debts more efficiently through a single EMI payment.

The product targets salaried customers, Self-Employed Professionals and Self-Employed Non-Professionals aged between 30 and 55. Its aim is to simplify repayment and reduce the financial burden of managing multiple loans at once.

SIB Power CONSOL allows customers to consolidate various debts, including home loans, car loans, education loans, personal loans and consumer durable loans, into a single loan. This new loan offers a lower interest rate and a unified EMI. By doing this, SIB acts as a Debt Counsellor, providing a clear...