How to manage the repayment of gold loans

Managing the timely repayment of your Gold Loan from Home is an important aspect when getting the loan. Your CIBIL score has less significance during the approval process, but a diligent repayment can enhance your credit scores.

Gold Loan from Home is a popular funding option for any financial needs due to its ease of availability, simple eligibility criteria, flexible repayment options, and lower interest rates along with the ease and convenience of delivery at home. You can apply for a Gold Loan from Home from the comfort of your home. We are a SBU of Muthoot FinCorp, one of the leading NBFCs in India with a legacy of 135 years.

Click here to learn more about the step-by-step process to get a Gold Loan from Home.

To manage your loan repayment efficiently,

A lower interest rate can reduce your repayment. Thus the total interest paid at the end of the term. We offer the best in the industry interest rates for our Gold Loan from Home.

Repayment flexibility is one of the most attractive features of our Gold Loan from Home. We offer multiple repayment options to our customers. Based on your financial position, you can choose one of the schemes.

Opting for a shorter tenure can increase your loan instalments, but you will be able to close the loan faster. You can access our Gold Loan from Home calculator here to review the customised loan schemes and interest rates. The five ways of repaying your gold loans are given below.

1. Regular monthly payments Every month you will pay the interest and a component of the principal. Ideal for salaried individuals and has no pressure of repaying the total loan amount at the end of the term.

2. Partial payments This is a customer-centric approach as you pay the interest and principal components as and when you wish.

3. Pay interest first You can pay the interest upfront and the principal at the end of the term. No hassle of monthly payments till the end of the term.

4. Bullet repayment in Gold Loan from Home Bullet repayment is a method of payment in which the principal with the interest of the entire tenure is paid as a single shot. You don't have to follow any instalments until the end of the term. Since the principal and total interest are paid in one go, it is called a bullet payment.

Click here to learn more about the advantages of our Gold Loan from Home over regular gold loans.

In addition to these flexible repayment options, we insure your jewellery for an extra layer of security. We offer a 0% processing fee for our gold evaluation and collection services and maximum loan-to-value for your gold in the market without any hidden charges.

Enhance your CIBIL score by making timely payments with the help of our flexible repayment schemes. Head to the Muthoot FinCorp ONE app to book an appointment.

*T&C applies.

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