Is gold loan transferable?

Gold loans are generally not transferable between lenders during the tenure of the loan. Once you have pledged your gold with a lender, it remains in their custody until the loan is fully repaid. If you wish to switch to another lender for better terms, you must first repay the existing loan in full, retrieve your gold, and then pledge it with the new lender for a fresh loan. Some lenders may offer a balance transfer facility, but this typically involves the new lender settling your outstanding dues directly with the original lender and taking possession of the pledged gold. The process may involve additional charges, fresh documentation, and a new valuation of the gold. Always verify the procedures and costs involved before opting for a transfer.