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.

Kissan Vikas Patra

The future liability for which Kisan Vikas Patra can be accepted as security is determined as follows: 1. In case the Kissan Vikas Patra is offered as security before the expiry of 30 months after the issue of the same, the certificate will be accepted for a future liability not exceeding 75% of the value…

Bank Guarantee

Government Securities and Bank Guarantee can be accepted as valid security. The Bank Guarantee should cover an amount equal to one instalment more than the future liability. Also it should be valid for a period not less than three months after the termination of the liability.

L.I.C. Policy

LIC Policies, the surrender value of which, are equal to the future liability of the loan/chitty can be accepted as security. The LIC policy accepted as security in such cases can be in the name of applicant/subscriber or in the name of spouse or in the name of any other person. In such cases the…

Personal Security

Personal security is accepted for future liability upto Rs.12-lakhs. Employees of Central/ State/ Quasi-Government Departments/ Undertakings, employees of Government / Aided schools/ Plus two schools, colleges and employees of Nationalised/ Scheduled Banks and certain Co-operative institutions are generally accepted (Conditions apply) as sureties by the Company for its various schemes. 1. SALARY AND MINIMUM SALARY…