Gold Loan Repayment - 4 Ways To Make Gold Loan Payment Online
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Gold Loan Repayment – 4 Ways To Make Gold Loan Payment Online

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Gold loans have emerged as a popular financial solution, leveraging the inherent value of gold assets to meet immediate financial needs. A gold loan is a type of secured loan where borrowers pledge gold jewelry or assets to avail funds from a financial institution. It’s a convenient and quick solution for urgent financial requirements without extensive paperwork or credit checks. 

If you’re considering taking out a gold loan, it’s important to understand the key factors that will impact your borrowing experience. These factors include the gold loan rate of interest you’ll be charged each month, the value of the gold you’ll be using as collateral, the estimated timeframe for receiving your loan funds and the most important factor is repayment. By having a thorough understanding of these factors, you can make informed decisions and ensure a smooth borrowing experience. 

In this blog, we will discuss different gold loan repayment methods. We will dive deep into each way to repay your gold loan. Before we proceed, let us first understand what a gold loan repayment is.

What is Gold Loan Repayment?

Like every loan, when you get a loan against gold items, you agree with predefined loan time, amount, and interest rates. By the agreed time frame, you have to pay the loan amount and interest amount to the lender back. This process of paying your gold loan amount back is called gold loan repayment.

In other words, Gold loan repayment is the process by which borrowers return the borrowed amount along with interest to the lender. There are various repayment options available when it comes to lending gold. You can choose to pay monthly interest and settle the principal amount at the time of closing. Some finance companies and banks offer gold loans with different types & easy repayment plans. To find the best option and lender for your needs, it’s important to conduct thorough research before making a decision. 

Before lenders usually accepted the repayment in cash only, nowadays, lenders accept repayment in the form of cash, cheques, or online transactions. The repayment period or tenure varies, and borrowers must adhere to the agreed-upon terms to reclaim their pledged gold. 

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Different ways to repay a gold loan-

Paying back a gold loan can be done in different ways, and each option has its advantages based on your situation. Here are some common ways to repay a gold loan:

How to make gold loan payment online

  1. EMI (Equated Monthly Installments):

    When a borrower takes a gold loan, they need to repay the loan amount along with the interest charged on it. There are two common methods for repaying a gold loan based on EMI (Equated Monthly Installment). 

    Gold Loan EMI can be paid in 2 ways-

    1. Pay Interest-only EMI – One method is paying a fixed monthly interest amount throughout the loan tenure and repaying the loan amount at the loan closure. 
    2. Monthly Loan Repayment EMI – The other method involves paying a fixed amount including both the interest and principal amount monthly, which can become a burden for the borrower.

    To know more about your gold loan, repayment, and EMI you can check our gold loan calculator

  2. Bullet Repayment:

    Bullet Repayment, also known as a single repayment, is a suitable option for individuals with irregular incomes, as well as for MSMEs and members of the agrarian society who are investing their gold loan into their businesses to generate profits after a certain period. 

    At the same time, farmers spend their gold loan on sowing or harvesting. Thus, the benefit for their expenditure i.e. profit is available only after completion of sales activities. So, this repayment option benefits the people who have to wait for their profit for a long time.

    This gold loan repayment method provides flexibility and allows borrowers to make a one-time payment at the end of the loan term, rather than having to make regular payments throughout the loan period. 

    Bullet repayment for gold loans can be particularly beneficial for those who are seeking to invest in their business ventures and need some time for their investments to mature before being able to repay the loan. 

  3. Part – Prepayments

    When it comes to loan repayment, the Part-prepayment method can be a useful option for borrowers who have the financial capability to make partial payments of the principal and interest amount.

    This method allows borrowers to adjust the repayment schedule at their convenience. By paying a lump sum amount right at the beginning, the borrower can significantly reduce the total interest payout. However, it is important to note that part payment is only beneficial if a significant amount of money is paid at once.

    Making small part payments may not result in significant savings, particularly if the financial institution charges extra for prepayment. Therefore, it’s important to do the math and evaluate whether the Part-prepayment method is the right choice for you.

  4. Foreclosure

    Loan foreclosure simply means to close your loan before the agreed time. When you take a gold loan, you have the option to foreclose it by paying off the entire borrowed amount in one go, before the scheduled loan closure time. This saves you money by reducing the interest payable and allows you to get your gold back sooner. Even if you have already made a few EMI payments, you can still opt for foreclosure. 

    However, it is important to note that some lenders may charge a foreclosure fee, which can offset the savings you would have made through foreclosure. To determine the amount of interest and EMIs you would have paid if you had not foreclosed, you can use a gold loan calculator.

SahiBandhu Gold Loan – Making Gold Loans Easy Around the Country

Sahibandhu – India’s largest gold loan aggregator platform is well known for its one-stop solution for loans against gold. Without a top-notch tech platform and physical presence around the county, we feel proud to serve our customers on priority. While having multiple options for one need, we also cater doorstep gold loan services.

Keeping our customer-first approach we always prioritise low interest rates, minimal documentation, and quick approval for every loan against gold. Beyond these basic benefits, SahiBandhu also offers flexible and different ways to repay a gold loan. 

Beyond this, If you already have a loan against gold items with another bank or NBFC can easily transfer your gold loan to SahiBandhu. Transferring your loan to us can help you access different benefits and flexible repayment plans.

When you have multiple choices to pay back the loan, it is easy to handle your financial situation. 

Gold Loan Repayment Options by SahiBandhu:

SahiBandhu stands out by offering a range of flexible repayment options to provide diverse borrower needs. You can select the best suitable plan to make your gold loan repayment easy & hassle-free. Here are three key repayment methods of SahiBandhu:

SahiBandhu Gold Loan Repayment plans

  1. SahiMax:

    SahiMax is one of the flexible gold loan repayment options by SahiBandhu in which:

    • You are required to pay only monthly interest.
    • You have to pay the principal amount at the time of closure.

    SahiMax – Get a loan and pay interest in monthly EMIs.

  2. SahiDelight:

    SahiDelight gold loan plan by SahiBandhu is a bullet repayment plan,  in which:

    • You have to pay off the loan in a single go.
    • Pay the interest and principal amount at the time of loan closure.

    SahiDelight – Get the loan now and pay later!

  3. SahiFlexi:

    Our SahiFlexi is an overdraft facility against your gold items. Which has the following features:

    • You can set up an overdraft limit to withdraw funds as per your needs.
    • Pay interest for the tenure of the overdraft amount you use.
    • You have to pay the final loan amount at the loan closure.

    SahiFlexi – Just pay what you use!

Importance of flexible repayment options for a gold loan-

Whether you take a gold loan for emergency or financial needs, it is advised that you carefully explore the repayment terms. When it comes to repaying a gold loan, it may seem like an easy option with various benefits and options available. However, it is important to remember that a gold loan must be repaid within a certain period as agreed upon when taking out the loan. Therefore, it is crucial to carefully consider and choose the right repayment option based on your financial stability. Opting for the repayment plan that suits your financial situation will benefit you in every way possible. 


Gold loan repayment is a crucial aspect of the borrowing process, and understanding the available options is essential for a borrower’s financial planning. SahiBandhu’s commitment to flexibility and transparency makes it a standout choice in the gold loan market. Whether you opt for SahiFlexi, SahiDelight, or SahiMax, the goal is to provide borrowers with tailored solutions that align with their unique financial circumstances.

If you own gold assets and are considering a loan, choosing doorstep services can provide you with a seamless and efficient borrowing experience.

Apply for a gold loan 24/7 on, or call at 18003098440

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Frequently Asked Questions

Yes, SahiBandhu offers options to extend the repayment tenure in case borrowers require more time to settle their dues. However, it's advisable to discuss this with the lender beforehand and it fully depends upon their policies.

SahiBandhu encourages early repayment and often provides incentives for it. However, borrowers should check the terms and conditions to understand any potential penalties.

The interest rate is influenced by various factors, including the loan amount, tenure, and prevailing market conditions. SahiBandhu ensures competitive rates to benefit its customers.

About the Author

Gold Loan Repayment – 4 Ways To Make Gold Loan Payment Online
Deiva Bindhiya T Content Research & Curation

Deiva Bindhiya T, possesses exceptional creativity and produces high-quality research and writing. And have a keen interest in acquiring new knowledge and skills.

Disclaimer: The information provided here is for general informational purposes only and should not be considered as financial advice. For specific details and personalized advice, individuals are encouraged to contact financial experts. The above article provides a comprehensive guide on gold loan repayment, emphasizing SahiBandhu's offerings.

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