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What is the tenure in case of Gold loan?

By IndianMoney , 1 year ago

Gold loans are short term loans and the period of the gold loan is usually 3-12 months. The repayment period of the gold loan cannot exceed two and a half years, and the borrower must repay the loan within 30 months (or 36 months, based on the bank). Some banks provide an option to renew the loan to extend the tenure.

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