Purpose

KSFE CVL Scheme helps you in acquiring Consumer durables, Household equipments,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  are acceptable in the case of CVL also.

Interest Rate

12.00% (simple) is the interest rate applicable and for defaulted accounts 14.00%(simple) .

Duration

The duration of the advance is between 12 months and 60 months. 

The duration of the advance is 36 months for electronic items