Kosamattam Finance Gold Loan

Gold Loan at 1%* p.m.

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Kosamattam Finance Gold Loan Advantages

Kosamattam finance is the pioneer leader in the gold loan portfolio in India. Gold Loan is a very simple concept and in this type of loan, A customer pledges gold such as jewelry, ornaments etc. as security for taking the loan. This type of loan is useful if you are in need of money for immediate expenses. And also expect to be able to pay it back in the short term. It is cheaper and faster as compared to personal loan. The banker uses the gold as security against latent mortgage default by the customer. The loan that is against gold is a specific percentage of the value of the gold. The gold has been pledged and the loan is sanctioned after analysis of basic documents. The amount is then given to the customer in the form of cash, account transfer or demand draft.

  • Easy and Hassel -free Process
  • Approval in 30 minutes
  • Simple Documentation
  • Dedicated Assistance
  • Lowest Rate Of Interest

In rural areas Kosamattam Agriculture loan against gold is also available for agriculturist at very nominal rate of Interest of 7%-8%, proof of agricultural document needs to be provided

Kosamattam Finance Gold Loan Interest Rate

  • Generally gold loan is available at the interest rate of 10.0% to 14.5%
  • ROI for tenure less than 1 year is also available at 1%
  • Borrower will be given an option to pay only interest during the entire term and at the end of the tenure, you can pay complete borrowed amount in a single shot

Eligibility & Documents

Age: 21 years and above
Profession: Anybody with Steady source of income including: Bank’s Employees, Pensioners

Identity Proof (Passport Copy/ Voters ID card/ PAN Card/Aadhaar Card).
Address proof (Passport/ Electricity Bill/Telephone bill/ Aadhaar Card).
Signature proof ( Passport/ PAN Card/Banker’s verification/ cheque).
2 passport size photographs

Leading Gold Loan Providers
HDFC Gold Loan ICICI Gold Loan Muthoot Gold Loan Manappuram Gold Loan
Axis Bank Gold Loan SBI Gold Loan Yes Bank Gold Loan PNB Gold Loan