Sugama Security

Outstanding balance in Sugama account can be accepted as security for future liability in chitty/loan schemes. The deposit amount should at least cover the future liability. For the balance in Sugama Security account, interest @ 5.5% will be allowed. Monthly instalment can be adjusted from the account. The main advantage of the scheme is that…

Property Security

Property security inside the State of Kerala can be accepted as security, provided the title of the owner over the property is clear. The following documents will have to be presented while submitting property as security. Title Deeds and prior documents in original (for the past 13 years) Encumbrance certificate for the past 13 years…

NRI Deposits

The NRI, NRO, FCNR and NRNR deposits can be accepted as security to our various schemes, provided.

a) The deposit receipts are properly discharged and company’s lien noted on it.

b) The Bank, in which the deposit is kept, agrees to close it and make required payment to KSFE. even before maturity, on demand.