There was a time when KSFE chits were low denomination schemes
suitable only for the people in the lower to middle income bracket. Almost all
people seeking large amounts of money used to go to banks or private lenders.
Over the last five years, KSFE has grown into a financial
super market, catering to the needs of people in all income groups. The results
have been encouraging. Many branches now start 1 lakh x 30 months chits.
What KSFE chitties offer that others do not
The lowest interest – that’s the speciality of this KSFE
chitty. When you take a loan in excess of 20 lakhs, the prevailing interest
rate is 12-20%, depending on the lender. That means you will have to shell out
a minimum of 2.5 to 4 lakhs as interest per year. For a period of 30 months,
you will have to pay something like 6.25-10 lakhs as interest.
When you avail prize money from this particular KSFE chitty, that is of 1
lakh x 30 months, you will get at least 21 lakhs. You will have to pay an
amount of on average Rs. 27 lakhs. That means you have to pay only 6 lakhs as
interest. That is the maximum amount, which in any case is lower than the
minimum amount offered by banks.
Better benefits
Usually, you can get an amount of 25 lakhs or more, if you
are prepared to wait for a few months. In that case, the amount of interest and
the effective interest rate will be much lower for KSFE chitties than for bank
loans or other forms of credit.
Come, join
Please let us know if you want to join 1 lakh x 30 months
chitty of KSFE Bhagyavarsha chitty scheme.
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