Kosamattam Gold Loan 

Kosamattam Finance is a Non-Banking Finance Company (NBFC) which offers various financial products to its customers including gold loan.

You can avail a gold loan at interesting interest rates and flexible repayment tenure. In order to avail a gold loan, you will have to offer gold ornament or jewelry as security or collateral.

Features of availing a gold loan from Kosamattam Finance

Some of the features of availing a gold loan from Kosamattam Finance are given below:

• Minimum documentation process is required and instant cash in few minutes
• There will be an expert valuation of your gold so that you can avail the maximum loan amount
• You can visit any of the branch of Kosamattam Finance in order to repay your loan
• There are various modes of repayment available
• Schemes are custom made
• You will receive various reminders so that you can pay your EMIs on time

Eligibility criteria

Some of the eligibility criteria you will have to fulfil in order to avail a gold loan from Kosamattam Finance are given below:

• You must own a gold ornament
• You must be aged 18 years and above
• The gold ornament must be in the range 18 karats and 24 karats

Documents you will have to submit

The list of documents you will have to submit in order to avail a gold loan from Kosamattam Finance is given below:

• Proof of identity such as Aadhaar, PAN Card, Voter ID card, etc.
• Proof of address such as Aadhaar, utility bills, etc.

FAQs

1. What is the tenor of such loans?

There are different tenors for the gold loan you can avail from Kosamattam Finance. The tenor is decided by the lender and you have the option of choosing your repayment tenor.

2. Can I pay the interest in other branches of Kosamattam Finance?

Yes, you can pay the interest by visiting any of the branches of Kosamattam Finance after you have paid the required charges.

3. What is the maximum and minimum loan amount that I can avail from Kosamattam Finance?

The minimum loan amount that you can avail is Rs.500 while the maximum loan amount you can avail is Rs.50 lakh. In case you wish to avail a loan above Rs.50 lakh, then you will have to get an approval from Head Office Credit department.

4. What should be done if the customer has died?

The nominee will have to settle the amount payable in case the customer has died and collect the gold loan after submitting the required documents including the death certificate. In case there is no nominee, then the legal heir can collect the loan after the submission of the required documents.

5. How can I pay my loan?

You can pay your loan either online or offline. If you wish to pay the loan online, then all you have to do is visit the official website of Kosamattam Finance and click on ‘Gold Loan’ under ‘Services’. Click on ‘Online Payment’ and enter the AWB number. Check the details and the amount you will have to pay and choosing an appropriate mode of payment pay the amount.

You can also visit the nearest branch of Kosamattam Finance and carry the required documents along with you. A representative from the lender will help you with the process of repaying your loan.