Gold Loan

Why has Kosamattam become the most secured gold loan company in Kerala?

May 09 2022

It is very much easy and convenient to get a gold loan from Kosamattam Finance by availing the facility of the gold loan at your home.

How does it work?

The whole process of securing a loan against gold ornaments is similar to other loan options. With all gold loan companies in Kerala, you are required to present your gold items to a bank with the necessary documents. Then the gold loan providers scrutinize the documents and confirm the approval of the loan as per the evaluations.

Since Kosamattam Finance is people’s friendly, we have developed an App, FinKo App, that is highly user friendly and offers its services like a gold loan at home at your fingertips. With the help of this app, you can just make a request for a gold loan at home and our team would reach out to you within no time to offer you the service of a gold loan at home.

Documents required for a gold loan

The common  documents include: 

  • Passport Size Photographs,
  • Identity evidence (PAN Card, Voter’s ID, Aadhar Card, etc.) and
  • Address document (Passport, Driver’s License, Electricity Bill, etc. ).

Who is eligible to get a gold loan?

Anyone who possesses gold can apply for a gold loan. Indian residents such as salaried professionals, businessmen, and homemakers can apply for the loan. A credit score is not at all a criterion for availing of a gold loan. Even though your credit score is low, you can get a gold loan if you own enough gold as security.

Tenure of a gold loan

Although lending institutions have different repayment periods, Kosamattam Finance Gold's loan tenure ranges from 3 to 24 months. Depending on your need, you can take longer terms or let you renew the loan to extend. Indeed, the tenure of a gold loan is much shorter than other types of loans. It is to be ensured that any default in repayment does not occur as it would result in loss of your gold.

Procedure for Gold loan repayment

Lenders determine how much you should repay for your loan. It includes both principal and interest. Normally, you will have to pay the interest each month and the principal amount at maturity. EMIs (Easy Monthly Installments) are a viable option through which you can make your repayment.

Benefits of Kosamattam Gold loan

Kosamattam Gold loan could be used to fulfill your immediate needs such as medical emergency, education, or other personal needs.

  • Hassle-free documentation and instant cash in minutes: Minimal documentation with instant money is our undeclared motto that is also supported by our FinKo App.
  • Expert Valuation with maximum amount: With an expert valuation of your gold, Kosamattam offers a maximum amount for your gold.
  • Flexibility in repayment mode: You can repay your installments online or via any branch of Kosamattam.
  • Gold loan interest rate is 7.11 Interest rate per annum: As gold acts as collateral, Gold loan service has a lower interest rate. 
  • Quick service: You can avail of a Kosamattam instant Gold loan from the comfort of your home.
  • Trust: Kosamattam has been in the field since 1850. So it could be trusted as one of the best gold loan providers in India.

Why do people seek out gold loans?

  • Since gold is regarded as collateral, it doesn't seek any other security for availing of gold loan service. For other loans like home and personal loans, you will have to furnish an income certificate, bank statements, etc before the gold loan finance companies in India.
  • Multipurpose is another benefit of a gold loan as it could be used for any purpose.
  • Asset value is higher in gold loans compared to others.
  • Flexibility in repayment is another attraction as it could be repaid in a variety of modes. Soon you repay your loan, and soon you can get your gold back.
  • Minimal documents are required for availing of a gold loan. So people feel they can rely on it in case of any emergency.
  • A credit score does not matter to get a gold loan. Even if your credit score is less, you can get a gold loan if you have any gold to stake.
  • Security of the gold is secured with the lender.


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