Gold Loan Repayment Related Customer Care FAQs

Text size:
S M L
Letter spacing:

Select an area for your enquiry

Categories > Repayment Related

Is it possible to foreclose the Gold Loan earlier?

Yes, you can foreclose the Gold Loan earlier.

Are there any foreclosure charges on a Gold Loan?

We do charge a nominal foreclosure fee.

More information can be found in the fees and charges section: https://www.idfcfirst.bank.in/personal-banking/loans/gold-loan/fees-and-charges

What is the repayment period for a Gold Loan?

The repayment period of the Gold Loan is determined by the scheme chosen at the time of disbursement.

The maximum duration is 12 months if the Bullet and Monthly Interest Servicing Scheme is chosen. If an EMI option is chosen, the maximum tenure is 60 months.

What methods of repayment are available for the Gold Loan?

The Gold Loan can be repaid using the following methods: cash/internal fund transfer/NEFT/RTGS/cheque/Paytm.

What is the penalty for failing to repay the Gold Loan on time?

Late payment penalties will be imposed in accordance with the terms of the Gold Loan agreement.

More information can be found in the fees & charges section: https://www.idfcfirst.bank.in/personal-banking/loans/gold-loan/fees-and-charges

What happens at the end of the loan term if the outstanding principle cannot be repaid by me?

After the current loan term expires, the Gold Loan can be renewed. You must first pay off the previous loan's interest and fees before proceeding with the loan renewal. Bullet and Monthly Interest Servicing schemes are eligible for renewal.

Blogs

What you need to know about getting a personal loan with a 720 CIBIL score

Updated on 13 Nov 2025 | 5 mins read

Getting a personal loan with a 715 CIBIL score – Here’s what to expect

Updated on 13 Nov 2025 | 5 mins read

Getting a personal loan with a 713 CIBIL score: What you need to know

Updated on 13 Nov 2025 | 5 mins read

Struggling with EMIs? Choose a personal loan balance transfer for relief

Updated on 06 Nov 2025 | 5 mins read

How to avoid personal loan rejection as a freelancer by taking care of these 5 requirements

Updated on 06 Nov 2025 | 5 mins read

Raise your CIBIL Score from 500 to 750 and boost your Personal Loan eligibility

Updated on 03 Nov 2025 | 5 mins read

CIBIL Score 700 and above: Benefits when applying for a personal loan

Updated on 03 Nov 2025 | 5 mins read