Can You Partially Repay a Gold Loan and Reclaim Some Jewellery
Can You Partially Repay a Gold Loan and Reclaim Some Jewellery
You Don't Have to Wait
You Don't Have to Wait
Reclaim part of your pledged gold without fully closing your entire gold loan account.
Reclaim part of your pledged gold without fully closing your entire gold loan account.
It lets borrowers retrieve specific jewellery pieces by repaying the proportionate outstanding loan amount.
It lets borrowers retrieve specific jewellery pieces by repaying the proportionate outstanding loan amount.
What Is the Part-Release Facility?
What Is the Part-Release Facility?
Always check your loan agreement first - part-release is subject to each lender's internal policy.
Always check your loan agreement first - part-release is subject to each lender's internal policy.
Not Every Lender Offers This
Not Every Lender Offers This
Pay the principal plus accrued interest linked only to the jewellery you want back.
Pay the principal plus accrued interest linked only to the jewellery you want back.
How Proportionate Repayment Works
How Proportionate Repayment Works
After partial release, the remaining gold must still cover outstanding dues within RBI's 75% LTV cap.
After partial release, the remaining gold must still cover outstanding dues within RBI's 75% LTV cap.
The LTV Ratio Must Stay Intact
The LTV Ratio Must Stay Intact
The remaining pledged jewellery continues to secure the outstanding balance on your active loan.
The remaining pledged jewellery continues to secure the outstanding balance on your active loan.
Your Loan Stays Active
Your Loan Stays Active
Some lenders charge a nominal fee, as low as ₹499, per part-release transaction initiated.
Some lenders charge a nominal fee, as low as ₹499, per part-release transaction initiated.
Watch Out for Part-Release Charges
Watch Out for Part-Release Charges
Partial principal repayment directly reduces the total interest payable on your remaining gold loan.
Partial principal repayment directly reduces the total interest payable on your remaining gold loan.
Your Interest Burden Drops Too
Your Interest Burden Drops Too
Use seasonal earnings or bonuses to reclaim jewellery without waiting for complete loan closure.
Use seasonal earnings or bonuses to reclaim jewellery without waiting for complete loan closure.
Perfect for Irregular Income Earners
Perfect for Irregular Income Earners
Visit your lender's branch, submit a written request along with valid KYC documents to begin.
Visit your lender's branch, submit a written request along with valid KYC documents to begin.
How to Start the Process
How to Start the Process
Disclaimer The information provided on this website is for general informational purposes only and should not be considered financial or legal advice. Please consult with a qualified financial advisor before making any decisions.