3 mo.
 2.90
 2.90  6 mo.
 3.15
 3.15  12 mo.
 3.40
 3.65  24 mo.
 4.55
 4.80  36 mo.
 5.10
 5.30  48 mo.
 5.25
 5.50  60 mo.
 6.00
 6.25 Click here for more rates

Home >> FAQs

Frequently Asked Questions

 
FIXED DEPOSIT

What is the minimum amount of deposit that is accepted?
The minimum amount that can be deposited is Rs10,000.

Is the interest rate fixed or variable?
The interest rate remains fixed throughout the whole term of the deposit.

Is there any penalty if I want to withdraw my deposit before term?
In case of early withdrawal of your deposit, the interest rate will be re-calculated at the prevailing savings rate or the rate which was applicable for the time period from which the deposit was placed until it is cancelled, whichever is the lower

 

LEASING

What is a Lease?
A lease is a legal contract between the owner (Lessor), and the lessee (Customer) allowing the lessee to use a specific asset in consideration of rental payments over a pre-determined period of time while the lessor retains legal ownership of the asset.

Type of Lease
Finance Lease - A Finance Lease is an agreement stipulating that the lessee has to pay regular instalments to the lessor over a pre-determined time period. It allows the lessee to make full use of the asset and disclose the assets in its books. The lessee has the option to acquire the vehicle at the end of the lease period by paying the residual value.

How to apply for a lease?
Applications can be made by printing the attached documents relevant to you (i.e individual or corporate). Once you have completed the application form, it must be duly signed and returned with all the relevant documents.

Please ensure that you have submitted all the relevant documents to enable us to proceed rapidly with your application.

Do I need a security?
The leased asset is our 'security'.

What is the maximum amount I can get?
We can finance up to 100% of the Ex-VAT cost of the asset depending on your repayment capacity and the risk related to the asset financed.

What are your interest rates?
The interest rate is determined by the asset financed, risk related to the asset, your credit history, stability and ability to service the loan.

Once you have submitted your application, we can assess it and provide you before you are committed to proceeding with the loan.

Can I settle the loan early?
Yes. You can repay your loan early.

If you want to settle your loan, you must repay the whole amount due. You must contact us to calculate the exact amount due as you pay interest up to the day you settle your account. There are other charges involved if you wish an early settlement. Consult your lease agreement for further details.

 
SICOM UNIT TRUST

How do I invest in the Fund?
You may invest by buying units in the Fund.

How does it work?
Your investment is managed for you and spread across a wide range of equity (local and overseas) shares, loans, debentures, government stocks/bonds as well as through cash / short term/ money market instruments.

What is the investment policy of the Fund?
The overall objective of the Fund is to maximize returns whilst acting prudently at all times and diversifying its portfolio with a long- term view.

Can I redeem my units?
You can redeem your units by returning the certificate and fill in a redemption form. Relevant requests forms are available at SICOM Financial Services Ltd or can be downloaded from here.

What is the price of a unit?
The price of a unit for SICOM General Fund and SICOM Overseas Diversified Fund is calculated on a weekly basis. Click on the respective links to see the latest pricing.