Gold loans have become one of the most preferred ways to borrow money for urgent financial needs. Many banks and NBFCs also provide doorstep gold loans with less paperwork. Read on to know more.

With the current trend in digital transactions in different sectors, companies are now pushed to transform their online presence to meet the growing financial demands of customers. The process also involves NBFCs that provide gold loans that go a step ahead by offering doorstep gold loan solutions. With doorstep gold loan services, financial companies like Muthoot Finance provide gold loans at the confines of your home. They ensure that their customers are provided gold loans at the comfort of their homes. So, with the gold loan, people do not have to step out at all, as everything from document checks to loan transfers will take place in the comfort of their homes. Here is everything to know about doorstep gold loans.

Doorstep Gold Loan – How to Apply

Applying for a gold loan at home is quite simple. All you need is to visit the official website of the loan provider and schedule an appointment by following a few simple steps.

Step 1

First of all, you should check the bank or NBFC’s website or download the app to learn more about the doorstep gold loan and book an appointment.

Step 2

A designated executive from the financial institute will come to visit your home to make you understand the correct scheme for you. Then, you will have to get your gold evaluated in the presence of the loan expert.

Step 3

In the next step, the executive checks the documentation and eligibility criteria for the loan at-home scheme and verifies the same.

Step 4

After completing all the formalities, the executive will transfer the loan amount to the customer’s bank account.

The customers will receive a safe return of the deposited gold articles once they repay the whole loan amount, including the principal amount and interest.

Benefits of Doorstep Gold Loan

Safety of Gold

The doorstep gold loan ensures the safety of your gold articles. The authorized bank executive collects the gold, takes it safely to the bank, and keeps it in a safe vault reinforced with world-class 7-layer security systems. So, with this gold loan solution, you do not have to worry about the safety aspect of the gold articles.

Quick Loan Disbursal

One of the key benefits of the gold loan at home is that it assures easy and quick disbursal of the amount within a few minutes. All leading loan providers offer a range of loan disbursement options, such as instant cash, direct online credit, etc. So, borrowers can choose their preferred way according to their needs.

Excellent Customer Service

In this digital era, getting a doorstep gold loan is simple. Once you visit the bank, the executive will reach your home within a few minutes to evaluate the gold and disburse the loan. Also, the proximity of bank branches and online services make doorstep gold loans an ideal choice for your need for funds.

So, there is assured safety and efficiency in the new-age gold loan platforms such as Muthoot Finance Doorstep gold loan services. With the right loan service, you will also get flexible and easy repayment methods available for your gold loan.