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INTEREST RATES AT A GLANCE
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Scheme
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Rate of Interest
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| Chitty Loan | Duration of Chitty is above 50 months and up to 120 months: 11.25% (simple) and for defaulted accounts 13.5%. Duration of Chitty is 50 months or below 50 months 11.75% (simple) and for defaulted accounts 14%. |
| Chitty Prize Money Advance | 12.25% (simple) |
| Pass Book Loan | 10.75% (simple) and for defaulted accounts 13.25% (simple) |
| KSFE Housing Loan/ HMS | Rs.10 lakhs & below: 8.5% (yearly diminishing) Above Rs.10 lakhs 9.25% (yearly diminishing) ( Max. period 30 years or attainment of 70 years of age whichever is earlier) [up to the fixation of EMI- 13.25%(simple)] (Penal rate 18% on EMI) |
| KSFE Personal Loan |
11.00% yearly diminishing (for fully secured guarantee like Fixed Deposit, LIC, KSFE non prized chitty passbook, Gold ornaments, KVP, NSC and Bank Guarantee etc.)
11.5% yearly diminishing (for securities other than above mentioned) (Default Penal Int. 18% on EMI) |
| Customer / Vehicle Loan | Regular – 12.00% p.a.(simple) Defaulter – 14.00% (simple) |
| Gold Loan General (Loan Amount up to 80% of Market Value)(Renewal Facility Available up to 3 Years) |
Upto and including Rs.10,000/- 7.50% per annum (simple) Rs. 10001 to Rs.20,000/- 8.75% per annum (simple) Above Rs.20000/- and upto & including Rs.25,00,000/- 9.75% p.a. (simple)Default rate 3 months to 6 months = 0.75%, 6 months to 9 months = 1%, 9 months to 1 year = 1.25%, above 1 year =1.5%. Minimum Interest Rs.25/- for loans above Rs.5000/- |
| Gold Loan Janamithram (Loan Amount up to 90% of Market Value)(Loan Period 1 Year) |
5% Yearly Diminishing with EMI |
| Special Car Loan | 12.00% Monthly diminishing (Default Penal Int. 18% on EMI) |
| Fixed Deposit 1-year and above but not exceeding 3 years |
6.00% p.a. for FD from Public (6.75% p.a. for Senior Citizens) 6.25% p.a. for Chitty Prize Money deposits(6.75% p.a. for Senior Citizens) 6.75% p.a. for Prize Money deposits limited to future liability |
| Short Term Deposit | 30 days to 60 days 3.25% per annum 61 days to 90 days 4.25% per annum 91 days to 180 days 4.75% per annum 181 days to 364 days 5.50% per annum |
| Sugama Deposit |
5.50% on the minimum balance maintained in the
account between 6th and the last day of the any month. The interest will be credited twice in an year, on 30 September and 31 March. |
| Sugama Security Account | As in Sugama Deposit |
| Sugama Akshaya Over Draft | Regular – 13.00% (daily diminishing) on product basis Defaulter – 15.00% |
| Fixed Deposit Loan | 2% above the FD interest rate |
| Vidhyadhanam Loan Scheme | Regular – 12.25% (simple) for EWS category(Annual income of parent or guardian of students is <1 lakh/year)- 12% (of which Govt. will give a subsidy of 4%) |
| Tax Planning Loan Scheme | Regular – 13.00% simple Defaulter- 15.00% |
| Trade Finance | Regular – 13.00% p.a.(simple) Defaulter – 18% p.a. on EMI |
| Flexy Trade Loan | 13.00% (quarterly diminishing) on product basis |