Doorstep Gold Loan: All You Need To Know

The recent pandemic has forced a major overhaul of our lifestyle, choices, and actions. Masking up, limited social interactions, and restricted movement became the new normal. This created the need for a more digitized approach. People started ordering everything from groceries to medicines online. This pushed companies to fine-tune their digital presence to meet the growing demand of customers. Not to be left behind, gold loan companies are making the process of a gold loan even more lucrative. With just a few easy steps, a doorstep gold loan is sanctioned after completing all the gold loan formalities at home. Doorstep gold loan literally means availing of a gold loan from the confines of your home. It is a step forward from the online gold loan facility. In an online gold loan, you can calculate your loan eligibility through online EMI and interest rate calculators and then submit your loan application. For the valuation of your gold and documentation, you had to visit a gold loan company branch. When you apply for a Gold Loan at Home scheme, you are not required to step out. From your home, you just have to apply online for a Gold Loan at Doorstep and schedule an appointment. A designated executive for the doorstep gold loan shall visit your home, value your gold articles, check your eligibility criteria and guide you through the documentation process. And within no time, the loan amount is credited to your bank account. A gold loan availed from home is no different than a regular offline or online gold loan; only the process differs. The interest rate, eligibility criteria, tenure of the gold loan, etc remains the same. The gold loan at your doorstep scheme is a boon for customers who are either pressed for time or are unable to visit a branch for some reason. A few clicks on the website or the app are all that is needed to get a gold loan right at your doorstep.

How to Apply for a Doorstep Gold loan?

To apply for a Gold Loan at Home service, all you need is a computer or a smartphone. Yes, it is that easy. Here are a few simple steps of the entire process.

Step 1: Visit the lender’s website or download the mobile application to book an appointment for a Gold Loan at Doorstep service.
Step 2: A designated doorstep gold loan executive will visit your home to apprise you of suitable schemes. He/ she will then carry out due diligence checks and value your gold in your presence.
Step 3: The executive guides you in completing the necessary documentation for the gold loan at home scheme.
Step 4: After completing all formalities, the executive will send a request for the loan to be disbursed to the customer’s bank account.
Step 5: The gold articles are safely transported from your home to the gold loan branch for safekeeping in a highly-secure vault.

One thing to note here is that some lenders have an upper cap on the Doorstep Gold Loan amount. Make sure to enquire about it beforehand.

Benefits of a Gold Loan at Home Service

The new-age fintech-enabled gold loan companies have taken their customer-friendly approach several notches higher. So, why should one opt for a gold loan at your doorstep service? The reasons are many.

Convenience: A doorstep gold loan does away with having to physically visit a branch to avail of a loan against gold. This is especially beneficial for those who want to save time travelling or are unable to visit for any reason.
Safety: A customer has to be extra careful and vigilant while carrying the gold valuables for an in-house valuation. In a doorstep gold loan scheme, the executive values your gold at home and carries it safely to the branch.
Trained Staff: The staff is properly trained on the process of apprising customers of doorstep gold loan features, gold valuation, gold transportation and safekeeping and loan disbursal, among others.

Why Should You Opt For Muthoot Finance Doorstep Gold Loan?

Muthoot Finance is the pioneer of gold loans in India. And the trust that its customers place has only gotten stronger. You can avail of a gold loan by visiting the nearest branch, applying for an online gold loan, or choosing its latest offering- the Doorstep Gold Loan. Muthoot’s gold loan at home scheme allows you to enjoy all the perks of a loan against gold, without even stepping out. This facility comes with a host of features and benefits such as-