KSFE CVL Scheme helps you in acquiring white articles, vehicles etc., which you have always dreamed of owning
- Available for
The articles for which CVL is made available include all consumer durable articles including computers, motor vehicles -two & four wheelers, certain durable medical equipments for clinics, agricultural equipments / appliances etc.
- What is the maximum amount of advance?
The maximum amount of advance is Rs.30,00,000/- under this category.
- Security Acceptable
Types of security acceptable for chitty prize money are acceptable in the case of CVL also.
- Interest Rate
13.00% (simple) is the interest rate applicable and for defaulted accounts 15.00%(simple) .
The duration of the advance is between 12 months and 60 months.