FD Rate – at a glance (Cir No.35/2022 dtd: 30.03.22 w.e.f. 01.04.2022)
|
Sl No |
Scheme |
New rate of interest |
|
1 |
General FD |
5.75% |
|
2 |
Prize money deposit |
6.25% |
|
3 |
FD of senior citizen |
6.25% |
|
4 |
CSDT |
6.75% |
|
5 |
FD of KSFE employee |
6.25% |
|
6 |
FD of retired KSFE employee |
6.75% |
LOANS – Interest rates at a glance
*GOLD LOAN
|
Gold loan General (80% of market value)
|
Max.loan amount |
25 lakhs per individual per day |
Cir No.35/2022 dtd:30.03.22 w.e.f. 01.04.22
Min interest Rs.25 for loans above Rs.5000/-
|
||
|
Upto & including Rs.20000/- |
6.75% |
||||
|
Rs.20001 to Rs.30000 |
8.50% |
||||
|
Above Rs.30000 upto & including Rs.25 lakhs |
8.00% |
||||
|
Default Rate 3 months to 6 months |
8.25% |
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|
6 months to 9 months |
8.5% |
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|
9 months to 1 year |
8.75% |
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|
Above 1 year |
9% |
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|
Janamithram gold loan (90% of market value)period of 1 year & yearly diminishing with EMI |
Max.loan amount |
10 lakhs per day |
Cir No. 32/2020 dtd:29.05.20 , Cir.No. 90/2021 dtd:30.11.21 w.e.f. 01.12.21 |
||
|
Upto 1000,000/- |
4.90% |
||||
|
Default Rate After 1 yr |
12.00% |
||||
Ajayya Gold Loan (for Women) |
Max.loan amount |
25000 |
Cir No.05/2022 dtd:12.01.22, w.e.f. 14.01.22 to 31.03.22 |
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|
Upto 25000/- (Max. 1 Year)
|
5.00% |
||||
|
CHITTY LOAN (Max amount of loan 75 lakhs) |
Chitties 50 to 100 Months Default rate |
11.25% (simple) 13.50% |
Cir No.70/2021 dtd:30.07.21 w.e.f. 02.08.21 |
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|
Chitties 50 Moths Default rate |
11.75% (simple) 14.00% |
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|
PASSBOOK LOAN |
Default rate |
10.75% (simple) 13.25% |
Cir No.70/2021 dtd:30.07.21 w.e.f. 02.08.21 |
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|
KSFE PERSONAL LOAN (Max amount of loan 25 lakhs) |
Fully Secured Default rate |
11.00% yearly diminishing 18.00% |
Cir No.70/2021 dtd:30.07.21 w.e.f. 02.08.21 |
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|
Others Default rate |
11.50% yearly diminishing 18.00% |
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|
KSFE HOUSING LOAN (Max amount of loan 1 crore) |
10 lakhs & below |
8.50%(yearly diminishing) |
Cir No.70/2021 dtd:30.07.21 w.e.f. 02.08.21 |
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|
Above 10 lakhs & upto 1 crore
|
9.25% ,, (max period 30 yrs or attainment of 70 yrs of age whichever is earlier) (upto the fixation of EMI-13.25%) |
||||
|
Default rate |
18.00% p.a. on EMI |
||||
|
Consumer Vehicle Loan (Max amount of loan 30 lakhs) |
Regular |
12.00% p.a. (simple) (max period of loan 60 m)
|
Cir No.70/2021 dtd:30.07.21 w.e.f. 02.08.21 |
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|
Default rate |
14.00% |
||||
|
Special Car Loan |
Upto 35 months |
12.00% (monthly diminishing) |
Cir No.70/2021 dtd:30.07.21 w.e.f. 02.08.21 |
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|
From 36 months to 60 months |
12.00% (monthly diminishing)
|
||||
|
Default rate |
1.5 % per month on EMI |
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|
Sugama Akshaya Overdraft |
Regular |
13.00% (daily diminishing) |
Cir. No. |
||
|
Default rate |
15.00% |
||||
|
Vidhyadhanam Loan Scheme |
Regular |
12.25% (simple) |
|
||
|
Tax Planning Loan Scheme |
Regular |
13.00% (simple) |
|
||
|
Default rate |
15.00% |
||||
|
KSFE Haritham Loan |
Regular |
12.75% p.a. simple |
|
||
|
Flexy Trade Loan |
On product basis |
13.00% (quarterly diminishing) |
|
||
|
Trade Finance |
Regular |
13.00% |
|
||
|
Default rate |
18.00% p.a. on EMI |
||||
|
Fixed Deposit Loan (FDL) |
Interest |
2.00% above the FD interest rate |
|
||
|
Advance Chitty Payment |
Interest |
12.25% |
Cir No.70/2021 dtd:30.07.21 w.e.f. 02.08.21 |
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LOANS – Processing Charges
|
Loans |
Processing Charges |
Circular |
| NHFS |
NHFS admn. & Proc. Charge to 0.5% of loan.
10-25 lakh:5000-12500, 25 to 50 Lakh:12500-15000 (wef 15/3/14) |
13/2014 |
| KPL |
0.1% of KPL amount with a minimum of 100/- and maximum of 500/-. |
24/2016 |
| CVL |
0.1% of Loan amount with a minimum of 100/- and maximum of 1000/- | |
| NCL |
0.1% of Loan amount with a minimum of 100/- and maximum of 200/- |
Gold Appraiser Fee .3% of loan amount.
Less 30, Max 300
Chitty: Less 30, Max 750
Checking gold packet by second appraiser: 1000+fare
Circular 51/2017
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