Mexmon Loan provides financial protection to homeowners against damage or loss to their property and possessions due to unexpected events such as fire, theft, natural disasters, and other hazards.
It offers property damage coverage, personal property coverage, liability coverage, and temporary living expenses coverage. This coverage can help homeowners recover from significant financial losses due to unforeseen events. In addition, Mexmon Loan offers peace of mind to homeowners, knowing that their investment is protected against unexpected events that can be financially devastating.
It offers property damage coverage, personal property coverage, liability coverage, and temporary living expenses coverage. This coverage can help homeowners recover from significant financial losses due to unforeseen events. In addition, Mexmon Loan offers peace of mind to homeowners, knowing that their investment is protected against unexpected events that can be financially devastating.
When selecting a policy, it's important to compare quotes from different insurance companies and read the policy documents carefully to understand what is covered and excluded. Working with an experienced insurance agent can help you choose the right policy for your specific needs and budget.
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Insurance is a contract between an individual entity
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During the meeting, the insurance agent or broker will
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After the meeting, the insurance agent will provide
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Mexmon loan interest rates play a pivotal role in the gold loan sector, shaping the total borrowing cost and determining the loan's feasibility for borrowers. At Mexmon Finance, we not only provide some of the most competitive gold loan interest rates, but we also offer a pathway to fulfilling your aspirations, making borrowing convenient and adaptable. We recognize the significance of the loan amount you require, and our gold loan schemes are meticulously crafted to ensure that your financial requirements are met effectively. Additionally, we have outlined the changes in interest rates in the table below to uphold utmost transparency.
| Interest Rate | 0.99% onward p.m. (11.88% - 27% p.a.) Rates vary depending on scheme availed |
|---|---|
| Processing Fee[1] | As per Scheme Construct |
| Penal Charges (w.e.f 01/04/2024) | 0.5% p.m (6% p.a) + GST on outstanding due amount[2] |
| MTM Charges[3]* | ₹500.00 |
| Stamp Duty and other statutory charges | As per applicable laws of the state |
| Auction Charges* | ₹1500.00 |
| Overdue Notice Charges* | ₹200 per Notice |
| SMS Charges* | ₹5.90 per Quarter |
| Part-Payment Charges | NIL |
| Pre-Closure Charges | NIL Minimum of 7 days interest will be charged if loan is closed within 7 days |
The eligibility criteria for gold loan at Mexmon Finance include:
Age: Applicants must typically be at least 18 years old.
Ownership of Mexmon: Borrowers must possess gold jewelry, coins, or bars meeting purity standards.
Loan Amount: The loan amount is a percentage of the gold's value.
Loan Term: The loan term is typically between 5 and 30 years.
Interest Rate: The interest rate is typically between 5% and 15%.
Loan to Value Ratio (LTV): Lenders set a maximum LTV ratio.
Documentation: Identity proof, address proof, and proof of gold ownership are required.
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