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What is the procedure for repaying a gold loan?

Check the loan agreement for the repayment schedule, including the due date and amount. The general process for repaying a gold loan is as follows:

Select Payment Method:

  • Online: Log in to the financial institution’s website or mobile app to make payments via net banking, debit/credit card, or other digital payment methods.
  • In-Person: Visit a branch of the financial institution to pay using cash, cheque, or debit/credit card.

You can also set up an auto-debit facility with your bank account to ensure timely payments.

Note: Repayment terms and conditions may vary by financial institution. It’s advisable to review your gold loan agreement for specific details or consult your financial institution for further clarification.