Freedom online Gold loans (FOGL) are 100% online gold loans which are designed with those customers in mind who require instant loans from the comfort of their home and do not wish to visit any branch for getting the loan amount or for making closure or interest Payment.
No, you cannot specifically choose a scheme. The scheme is dependent on the loan amount and will be automatically selected as per your requirement.
Yes, as you make an enhancement, your loan amount will increase by the amount of enhancement made. Enhancement amount will also be dependent on the Loan to value ratio at the time of enhancement of loan.
A formal request needs to be done from our web-site showing your intend for applying for FOGL. Go to any of our branch and get your gold ornaments appraised and pledged. Meet the KYC requirements. That’s it. You are all set to go.
Applicable charges are available separately in our FOGL section under charges for FOGL
You can make the payments via our payment gateway. The amount will be credited instantly to your account.
Usually, the amount will be credited instantly to your account but there are factors which are beyond our control.
The amount you can borrow depends on Loan to value ration that is being implemented by the company on the date of advance.
Yes, This is a onetime process only.
Because you are completing your loan request online, it will typically depend on the time it takes for kosamattam Finance to transfer the amount to your bank account via NEFT or RTGS. On working hours on all working days it will range from 30 min to 6 hours only. We also transfer the amount via IMPS, which is usually immediate. But external factors beyond our control also exists.
Yes, You have the freedom to make any payment in anyway you like be it online or directly in our branch counters.