MCFL Loans

Mangal Credit & Fincorp Limited – Quick & Secure Gold Loans Mangal Credit & Fincorp Limited (MCFL) is a trusted NBFC providing fast, transparent, and customer-focused gold loan services across India. We offer secure loans against gold jewellery with clear terms, competitive interest rates, and flexible repayment options. Our digital-first approach ensures a simple application process, minimal documentation, and quick disbursement while maintaining complete transparency in loan pricing and charges. Key Features & Benefits: • Competitive Interest Rates starting from 12% per annum* • Loan Amount starting from ₹3,000 up to eligible limit • Minimum Repayment Period: 3 months • Maximum Repayment Period: 12 months • Maximum Annual Percentage Rate (APR): 30% per annum • Processing Fee: Up to 2% of the loan amount + applicable GST • Interest charged only on the outstanding principal • No hidden charges – full transparency Product Details: Loan Type: Gold Loan Tenure: 3 months to 12 months Interest Rate Range: 12% – 30% per annum Interest Frequency: Monthly / Half-Yearly (as per selected scheme) Principal Repayment: On or before maturity Representative Example (Illustrative Only): Loan Amount: ₹100,000 Loan Tenure: 12 months Interest Rate: 18% per annum Processing Fee: 1% + GST Processing Fee (1%) = ₹1,000 GST (18%) = ₹180 Total Processing Charges = ₹1,180 Annual Interest @18% = ₹18,000 Net Disbursed Amount = ₹98,820 Total Amount Payable at Maturity = ₹118,000 (Principal ₹100,000 + Interest ₹18,000) This example is for illustration purposes only. Actual rates, charges, and eligibility may vary based on scheme selection, gold valuation, customer profile, and company policy. Eligibility: Any individual who is the lawful owner of the gold jewellery offered as security and who fulfills KYC requirements as per RBI guidelines. Documents Required: • Loan Application Form • KYC Documents (as per regulatory guidelines) • Gold Ownership Declaration • Pledge Slip • Demand Promissory Note • Key Fact Statement (KFS) • Any other documents as required by the company Loans are subject to verification and approval as per company policy. Penal charges may apply for delayed payments. Terms and conditions apply.