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The repayment tenure of a gold loan depends on factors like the loan amount, interest rate, purpose of the loan, specific lender policies, and the borrower's repayment capacity.

Usually, gold loans have a minimum repayment tenure starting from 7 days. The maximum repayment tenure can go up to 5 years. Borrowers can choose the tenure based on their liquidity needs and ability to repay comfortably. 

Long-term vs Short-term Gold Loan Tenure

The key points of difference between a long-term gold loan repayment tenure and a short-term gold loan repayment tenure are as follows: 

Point of Difference

Short-Term Gold Loan Tenure

Long-Term Gold Loan Tenure


Typically ranges from 7 days to 24 months

Extends beyond 24 months

Repayment Period

Aids in quicker debt resolution due to the shorter period 

Allows more manageable EMIs due to the extended period 

EMI Amount

May result in higher EMIs

May result in lower EMIs 

Risk Tolerance

Suits individuals who prefer swift debt resolution and lower overall interest costs. 

Suits individuals comfortable with long-term financial commitments 

Factors to Consider When Choosing a Gold Loan Tenure

Consider the following factors before you choose your ideal gold loan repayment tenure:

1. Affordability:

Assess your monthly income against expenses, ensuring that the chosen home loan tenure results in manageable EMIs.

2. Interest Rates:

It is important to be aware of the prevailing  gold loan interest rates as they impact loan repayment. Longer tenure can translate to higher interest rates, while shorter tenure can come with lower interest rates.

3. Financial Goals:

Align your loan tenure with your overarching financial objectives. Ensure that it complements your long-term plans without impeding other financial aspirations. 

4. Income Stability:

Evaluate the stability of your income. Individuals with a steady income stream may lean towards a longer tenure, as they might find it easier to pay timely EMIs. Conversely, those with variable incomes might favour a shorter repayment period. 

5. Loan Amount:

Larger sums may necessitate longer tenures for feasible repayment, whereas smaller loans could be settled more promptly. Hence, this impacts your overall interest costs. 

Tips to Choose the Suitable Gold Loan Tenure

  • Evaluate your financial capacity to determine a loan tenure that aligns with your ability to repay. This ensures that your EMIs are comfortably manageable. 

  • Reflect on the purpose and urgency of the loan. Urgent needs may favour shorter tenures, while long-term goals can be supported by extended tenures. 

  • Understand how interest rates may differ for various tenures. Determine a balance between affordable EMIs and minimising the overall interest burden. 

  • Contemplate your future financial outlook. Choose a tenure that accommodates potential changes in income or expenses to prevent financial strain. 

  • Use online tools like the gold loan EMI calculator on Bajaj Markets to compute and compare monthly payments for different tenures.

Gold Loan Tenure Offered by Leading Financial Institutions

Gold Loan Providers

Maximum Loan Tenure

IIFL Finance

2 Years

Muthoot Finance

3 Years

Bajaj Finserv

1 Year


1 Year


1 Year

Muthoot FinCorp ONE

1 Year

Disclaimer: The aforementioned details are subject to change at the lender's discretion. 

Gold loans offer a viable solution in case of immediate financial assistance. By submitting gold articles as collateral, you can quickly obtain funds with minimal disbursal time. Furthermore, you can choose repayment tenure as per your financial situation. Apply for a gold loan on Bajaj Markets and get urgent funds at moderate interest rates and flexible repayment tenures.


The information and suggestions provided by BFDL hereinabove is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial advice or endorsement of any sort. 

The information including interest rates or fees, loan amount and other charges with regard to any product, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks or NBFCs. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any application or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.

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FAQs on Gold Loan Tenure

Can I get a gold loan for 5 years?

Yes, the maximum tenure for a gold loan ranges up to 5 years depending on the conditions specified by the lender.

Can I extend the tenure of my gold loan?

Some banks and non-banking financial companies offer extensions on the loan tenures. Contact your financial institution for more information.

Can I close my gold loan early?

It is usually allowed to close a gold loan early without any prepayment charges. You can contact the bank or financial institution for further information.

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