Pravasi Bandhu Chitty

നമ്മുടെ സ്വന്തം KSFE

പ്രവാസികള്‍ നാടിന്‍റെ നന്മ അവര്‍കായി KSFE യുടെ

 പുതിയ സംരംഭം 

പ്രവാസി ബന്ധു ചിട്ടികള്‍ 


പ്രിയ പ്രവാസി മലയാളികളെ നിങ്ങളുടെ നിക്ഷേബങ്ങള്‍ ഭദ്ര മാകുവാന്‍  നിങ്ങളുടെ ആഗ്രഹങ്ങള്‍ സഭലീകരികുവാന്‍  ഉടന്‍  നിങ്ങള്‍ പ്രവാസി ബന്ധു ചിട്ടിയില്‍ അംഗമാകൂ 

A Pravasi Bandhu Chitty Subscriber can avail of an OD facility of up to Rs. 1 lakh or 70% of sala, whichever is less. In case of chitties with tenure of 100 months the loan amount will be up to 30% of sala or Rs. 1 lakh, whichever is less, for the first 10 months. The interest rate is 13.5% simple. If the chitty instalment is remitted every month promptly, this will be reduced to 12.5%. The OD availed, along with interest thereon (if not remitted monthly) will be set off from the prize money, at the time of payment of the same. Thus after the prize money is adjusted towards the loan account no interest remittance will be required.

P B C Marriage loan scheme

This loan will be available for meeting the expenses towards the marriage of the subscriber himself/herself or the marriage of near relatives. The subscriber will be eligible for an advance up to 70% of the sala (50% of the sala for the first 10 instalments) or Rs. 5 lakhs, whichever is less. The rate of interest is 13.5% simple and will be reduced to 12.5% if the chitty instalment is remitted every month promptly. When the subscriber becomes eligible for the payment of prize money, the same will be set off against the principal and interest due to be remitted and after this the subscriber will be relieved of all the loan (principal & interest) remittances. This loan facility will be available for subscribers enrolling in Pravasi Bandhu Chitties with duration of 40 to 60 months. All the securities applicable to Chitty and NCL will be accepted for covering the future liability of Chitty at the time of availing of the loan.

P B C Car Loan

Subscribers who are in need of a loan facility for purchase of a car before getting the Chitty prized, can avail of this loan facility. The maximum advance that can be availed is 85% of the on-road cost of the vehicle or 70% of the sala, whichever is less. 50% of the value of the vehicle will be adjusted towards the future liability of the Chitty concerned at the time of availing of the loan and only security to cover the remaining liability need be brought in by the subscriber. The rate of interest is 13.5% simple and will be reduced to 12.5% if the chitty instalment is remitted every month promptly. When the subscriber becomes eligible for the payment of prize money, the same will be set off against the principal and interest due to be remitted and after this the subscriber will be relieved of all the loan (principal & interest) remittances. This loan facility will be available for subscribers enrolling in Pravasi Bandhu Chitties with duration of 40 to 60 months. All the securities applicable to Chitty and NCL will be accepted for covering the future liability of Chitty at the time of availing of the loan.

P B C HOUSING LOAN

Subscribers who are in need of a loan facility for outright purchase of a plot with a house/construction of a house before getting the Chitty prized, can avail of this loan facility. The maximum advance that can be availed is 85% of the document value of plot with house to be purchased/estimate for the construction of the house or 70% of the sala, whichever is less. 50% of the document value of plot with house to be purchased/estimate for the construction of the house will be adjusted towards the future liability of the Chitty concerned at the time of availing of the loan and only security to cover the remaining liability need be brought in by the subscriber. The rate of interest is 13.5% simple and will be reduced to 12.5% if the chitty instalment is remitted every month promptly. When the subscriber becomes eligible for the payment of prize money, the same will be set off against the principal and interest due to be remitted and after this the subscriber will be relieved of all the loan (principal & interest) remittances. This loan facility will be available for subscribers enrolling in Pravasi Bandhu Chitties with duration of 40 to 60 months. All the securities applicable to Chitty and NCL will be accepted for covering the future liability of Chitty at the time of availing of the loan.

Subscribers who wish to avail of Income Tax Benefits for the Housing Finance, will be extended a suitable EMI structure with a provision for premature closure of the loan with a bullet payment on prizing of the Chitty.