Chitty Loan
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  Interest Rates at a glance
 W e l c o m e   t o   K S F E ...........Govt. of Kerala Owned Miscellaneous Non-Banking Company

Chitty Loan

What is Chitty Loan For?

Chitty Loan is a bridge between your actual   financial need and the delay in chitty getting prized in your favour

When am I eligible for a chitty loan?

If you are a non-prized subscriber in a chitty and remitted 10% of the total number of instalments promptly, you are eligible for an advance up to 50% of the total chitty amount or sala (gross subscription to be remitted per month multiplied by the number of instalments in the Chitty).

What is the maximum amount of advance?

The maximum amount of advance is Rs.75,00,000/- under this category.

How are the Principal and the interest of the Chitty   loan settled?

The principal of the advance is settled by adjustment from the Chitty prize money and the interest has to be remitted every month.

What is the interest rate?

The interest rate of the advance is 13.00% (simple) and for defaulted accounts 15.00%.

To avail this facility, please check our branch list and get in touch with the branch
which is most convenient for you.

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