Big change coming in gold loans? Soon, you may be able to repay in EMIs – Times of India
Currently, gold loan providers offer bullet repayment options. (AI image) Gold Loan EMIs: Following RBI‘s identification of gaps in gold loan disbursements by banks and lending institutions, the sector is looking to start monthly amortisation schemes. The regulated bodies may require borrowers to start interest and principal payments through EMIs immediately upon loan approval. Additionally,…