What is the procedure for repaying a gold loan?
- Posted:20th November, 2024
- Updated:20th November, 2024
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.
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