How Does a Gold Loan Affect Your Credit Score?
- Posted: 20th November, 2024
- Updated: 20th November, 2024
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Availing a gold loan can positively impact your credit score if you make timely repayments. Since the loan is secured by gold, financial institutions may report your payment behaviour to credit bureaus. By consistently repaying your gold loan on schedule, you can improve your credit score over time.
Popular FAQs
- Can I use collateral other than the car itself?
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