ICL Fincorp’s Secured NCD Issue offers a unique opportunity to double your investment in 68 months with competitive interest rates of up to 12.50%.
Kochi: ICL Fincorp, a leading non-banking financial company (NBFC) in South India with over three decades of service excellence, has announced its Secured Redeemable Non-Convertible Debentures (NCDs) rated CRISIL BBB-STABLE. Subscriptions for the issue begin on January 8 and close on January 21, unless fully subscribed earlier.
The NCDs, with a face value of ₹1,000, offer investors a remarkable opportunity to double their investment over a tenure of 68 months. Additionally, the NCDs provide attractive interest rates for different terms:
- 12.50% for 60 months
- 12.00% for 36 months
- 11.50% for 24 months
- 11.00% for 13 months
ICL Fincorp offers four distinct schemes with a total of ten investment options. The minimum application amount is ₹10,000.
Investors can download the issue prospectus from the company’s official website, www.iclfincorp.com. According to CMD Adv. K.G. Anilkumar and Vice Chairperson & CEO Uma Anilkumar, the funds raised will be used to enhance the company’s gold loan services and introduce innovative financial offerings to customers.
Applications are available online, or investors can visit their nearest ICL Fincorp branch or contact the company through the helpline numbers: 1800 31 333 53, +91 85890 01187, +91 85890 20137, and +91 85890 20186.
Operating under the high standards set by the Reserve Bank of India, ICL Fincorp has branches across Kerala, Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Odisha, Maharashtra, and Gujarat. The company’s market position has strengthened further with its acquisition of Salem Erode Investments, a BSE-listed NBFC with over 92 years of service in Tamil Nadu.
ICL Fincorp also offers services in gold loans, hire purchase, investments, home insurance, health insurance, life insurance, and insurance guidance, reaffirming its commitment to comprehensive financial solutions.
