A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • KSFE Home Loan

    You can avail KSFE Home Loan to purchase land for constructing a house, to renovate your existing house, and to purchase a constructed house or flat. KSFE home loan interest rates ranging between 9.00% p.a. and 9.75% p.a. (yearly diminishing). Loans of up to 75 lakh can be availed under this scheme.

    KSFE Home Loan Details

    Some of the details about the KSFE or Kerala State Financial Enterprise Limited (KSFE) Home Loan has been given below:

    Interest Rate
    • Up to Rs.10 lakh – 9.00% p.a. (yearly diminishing)
    • Above Rs.10 lakh to Rs.75 lakh – 9.75% p.a. (diminishing)
    Maximum Repayment Tenure 30 years or till you attain 70 years of age, whichever is earlier
    Maximum Loan Amount Limited to an amount such that the corresponding EMI is not more than 45% of the monthly income
    Penal Rate 18% p.a. on EMI

    Let’s Compare: Home Loan Interest Rate all Banks

    KSFE Home Loan Features

    • The loan availed can be used for purchasing house plots, constructing a house, renovating your existing house, and for purchasing an already-built flat/house.
    • The repayment of the principal amount and the interest must be made within 30 years or until you attain 70 years of age, whichever is earlier.
    • If you wish to purchase a plot, the loan will be restricted to 75% of the plot’s documented value. In the case of house construction and outright purchase of flat/plot, the loan will be restricted to 75% of the estimated cost and plot/house’s documented value, respectively.

    KSFE Home Loan EMI Calculator to Know Your EMI

    Before you avail a KSFE home loan, it is a good idea to calculate how much amount you need to pay as equated monthly instalments (EMIs) towards its repayment. Calculating the EMI on your home loan helps you to assess if you can afford to repay the loan while also helping you in planning your monthly budget better.

    To calculate the EMI on your home loan, you will just need to enter the loan amount, tenure, and the interest rate on the EMI Calculator tool available on the BankBazaar website. Once you enter these details, the EMI amount will be calculated and displayed to you, along with the total interest and total amount payable.

    KSFE Home Loan Eligibility Criteria

    The below-mentioned individuals are eligible to avail a home loan from KSFE:

    • Salaried individuals
    • Indians and Non-Resident Indians (NRIs)
    • Businessmen who are liable to pay tax
    • Professionals such as doctors, lawyers, chartered accountants (CAs), engineers, etc.
    • People who earn rental income

    Documentation Required for Applying KSFE Home Loan

    To avail a home loan from KSFE, you may be required to furnish the below-given documents:

    Application Form Filled and duly signed
    Identity Proof Aadhar Card/Passport/Driving License/PAN Card
    Address Proof Passport/Aadhar Card/Voter’s ID/Driving License
    Bank Statements Last 6 months’ bank statements
    Income Proof Form 16 or Income Tax Returns
    Other Documents Self-employed professionals and non-professionals – Proof of business existence, audited balance sheet, profit and loss account, etc.


    1. Is KSFE a bank or non-banking financial company?

      KSFE is a non-banking financial company (NBFC) backed by the Government of Kerala and is one of the companies in Kerala to make the most profit for the state. KSFE is headquartered in Thrissur, Kerala.

    2. What will happen if I fail to pay the EMIs on my KSFE home loan?

      If you do not make your EMI payments on time, you will be liable to pay 18% of the EMI amount as a penalty. Failure to make EMI payments on time will also affect your credit score negatively and hamper your chances of securing a loan in the future.

    3. Whom do I contact if I have any grievances regarding the KSFE home loan?

      For any concerns related to KSFE home loan, you can register on the KSFE’s web portal and submit an enquiry/complaints/grievance. Once you do that, it will be forwarded to the relevant department for immediate investigation. You can also visit the nearest branch/regional office/head office of KSFE to get resolution for your issues related to KSFE home loan.

    4. What does yearly diminishing interest rate mean?

      A yearly diminishing interest rate means that the interest rate will be calculated on the reduced principal at the end of every year. This means that the principal is reduced every month when you pay the EMIs and the interest rate on the original amount is computed for 12 months, post which the repayments towards the principal will be considered.

    5. I am a Non-Resident Indian. Can I get a home loan from KSFE?

      Yes. The home loan from KSFE can be availed by NRIs provided they meet the other eligibility criteria set by KSFE.


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