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.