KSFE

• Car Loan: This type of loan can be availed by salaried persons/ self-employed professionals/ businessmen/ Income tax assessee for buying a new car. In case of salaried people, their net monthly pay should exceed Rs 10,000 and for others, an average annual income should be more than Rs 2 lakh for the last three years.  The minimum period of loan is 6 months and maximum up to 60 months. The interest rate payable for loans up to 35 months is at 12% per month and if the loan period exceeds 35 months it is 14%.
• Consumer/ Vehicle Loan (CVL): CVL Scheme helps you in acquiring consumer durable articles including computers, motor vehicles-two & four wheelers, durable medical equipment for clinics, agricultural equipment/appliances, etc. The maximum amount of loan one can avail is Rs 15,00,000 with 13% simple interest rate for minimum 12 months up to 60 months.
• Gold Loan: KSFE gold loan scheme is intended to provide short term loans on the security of gold ornaments. The maximum loan amount one can avail in this scheme is Rs 25 lakh with minimum interest rate 8.50% and maximum 10.50%.
• Kanakadhara Loan: One can avail this loan scheme to purchase gold ornaments for marriage purposes. The borrower can purchase BIS 916 hallmarked gold ornaments from jewelers who are approved by the company.
• Haritham Loan Scheme: This loan scheme is for getting installation of solar panels, biogas plants, solar water heaters as well as for the purchase of energy saving household durables such as fridge, washing machine having 3 star rating and above.
• Personal Loan: The customers can take a maximum Rs 25 lakh personal loan for duration up to 60 months.
• Home Loan: KSFE Home loan is available for purchasing land for housing, renovation of house and for the outright purchase of house/flat. The maximum one can avail is Rs 1 crore at 9.75% interest rate which needs to repayable within a period of 30 years or applicant’s attainment of 70 years of age, whichever is earlier.
• Sugama (Akshaya) Overdraft Scheme: The main aim of this scheme is to provide an overdraft facility to government employees, employees of public sector undertakings and aided schools/colleges up to sum of Rs 50,000 on the basis of their own salary certificate. In case of employed couples, overdraft up to Rs 5 lakh can be availed. The loanee needs to open a savings account with KSFE and can deposit/withdraw any amount as in the case of a normal account. The interest rate will be charged at 13% only for the specific number of days and amount overdrawn.

Deposit scheme offered by KSFE is given below:

Fixed Deposits: One can make fixed deposits in KSFE and the interest rate of deposits from the public is 7% per annum, for senior citizens it is 7% and for chitty price money deposit it is 7.5%