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Kerala Financial Corporation (KFC)

Kerala Financial Corporation (KFC) incorporated under the State Financial Corporations Act of 1931, is a trend setter and path breaker in the field of industrial finance to service sector projects. It plays a major role in the development and industrialisation of Kerala by extending financial assistance to suit the requirementsof the enterpreneurs.

Financial Assistance to small and Medium Enterprises(SME) sector

1) Coverage:

Term Loan only will be considered under this scheme.

2) Purpose:

Creation of Fixed Assets for SME Sector (Manufacturing, Hospitals, Tourism etc.)

3) Minimum Contribution:

Minimum Promoter’s Contribution should be 33.33% to maintain a DER of 2:1.

4) Security for the Loan:

Industrial property will be primary security of the loan. Collateral Security should be mortgaged as per existing rules of the Corporation. Relaxation in collateral security can be considered by EC/Board in deserving cases.

5) Mode of Disbursement:

The loan will be disbursed in installments according to the requirements after verification/valuation of assets created.

6) Repayment Period:

The loan shall be repaid within a maximum period of 10 years.

Scheme will not be applicable to Schemes like Short Term Loans. WCTI., RFL and Civil Contractors loan and other special schemes etc.

8) Credit Rating:

Credit Rating of the Customer has to be done and shall obtain high score as per the evaluation.