The city of Kollam, famous all over India for its cashews and coir manufacturing, is the fourth largest city in the state of Kerala.
The city is loved by tourists who visit here to go further to the backwaters of Kerala. The Kollam port has been a hub of trading and economic activity since ancient times.
Although Kollam is one of the least populated cities in India, the Economic Intelligence Unit ranked it as the tenth fastest-growing city in the world between 2015 and 2020.
Kollam has several outlets to buy and sell gold. Read on to know more about today gold rate in Kollam, the 916 gold rate in Kollam today, and the 22ct gold price today Kollam.
Today gold rate in Kollam
Gold is popular in Kollam and the people of Kollam love buying and wearing gold ornaments. Due to this, gold is bought and sold a lot in Kollam, irrespective of its price.
The gold rate in the city of Kollam is almost the same as in other parts of the country. The gold prices anywhere in the country are affected by the gold prices in the international gold markets.
How to Use Gold for Quick Cash in Kollam
The pandemic has put a financial strain on every pocket. While some people are grappling with irregular salaries and unstable jobs, others are struggling to bring their businesses back on track after the nationwide lockdowns.
Getting lives back on track requires significant cash inflows. The most sensible way to arrange for additional cash support is to take a debt. Some forms of debt like personal loans and credit card loans come at high-interest rates and lengthy loan processing.
A quick, hassle-free, and transparent debt generation form is a loan against gold. People in Kollam are prudently taking gold loans against the gold valuables lying idle at their homes or in the bank lockers.
Gold loans are a hundred percent safe with reputed lenders like Muthoot FinCorp. You do not have to worry about the gold your pledge as collateral as Muthoot FinCorp keeps your gold ornaments safe in high-security vaults under constant surveillance.
Eligibility Criteria for Muthoot FinCorp Gold Loans in Kollam
Muthoot FinCorp is sensitive towards the customers and offers gold loans at easy-to-meet eligibility criteria. The eligibility criteria for a Muthoot FinCorp gold loan are as follows:
- The age of the loan applicant should be between 18 and 65.
- The loan applicant should be an Indian resident.
- The gold pledged as collateral by the customer should have a purity between 18 and 24 karats.
Documents Required for Muthoot FinCorp Gold Loans in Kollam
Gold loans are available for minimum documentation. Since gold loans require very few documents, the loan application process is hassle-free for the customer. Customers do not need to run from pillar to post to arrange for documents to get a gold loan from Muthoot FinCorp.
For a Muthoot FinCorp loan against gold, customers need to submit only their ID and Address proof as documents.
How to Apply for a Muthoot FinCorp Gold Loan in Kollam
Customers in Kollam can apply for a gold loan online or offline in the city of Kollam.
Muthoot FinCorp has several branches in the city of Kollam. Customers can locate their nearest Muthoot FinCorp branch in Kollam on the company’s website.
To find the nearest Muthoot FinCorp branch in Kollam, click here.
To apply online, visit the company’s website, fill out the online loan application form, and check the gold loan scheme that matches your requirements.
To apply offline, visit the nearest Muthoot FinCorp branch, and a company executive will guide you through the loan process