Can we pay gold loan monthly?

Yes, most lenders offer the option to repay gold loans through monthly instalments. These can be structured as:

• Equated Monthly Instalments (EMIs): Both principal and interest are paid in fixed monthly amounts.
• Interest-only payments: You pay only the interest each month, with the principal due at the end of the tenure.

Monthly repayment options provide discipline and help spread the repayment burden over the loan period. As per the latest RBI guidelines, the maximum tenure for gold loans, including those with monthly repayments, is capped at 12 months. Always confirm the available repayment options and choose the one that best suits your financial situation.