We have renovated our Pappanamcode branch, which illustrates our make over , fully centralised a/c and modern interiors…”
We have renovated our Adoor-II branch, which illustrates our make over , fully centralised a/c and modern interiors…”
A subscriber/loanee is allowed to offer one or more types of acceptable security at a time, in combination, subject to certain rules and regulations.
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…
Gold ornaments can be accepted as security towards future liablity in all schemes.
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…
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.
