Can You Make Partial Repayment Towards Your Gold Loan?

Gold loans are a very popular instrument of financial aid in times of distress. These gold loans are offered by various government and private key players like SBI, Manappuram, Muthoot, and many more. Here are all the details regarding the partial repayment of your gold loan.

The answer to the most asked question, “can you make partial repayment of golf loan?” is YES! When it comes to major providers like Muthoot gold loan, you can easily do your partial Muthoot gold loan online payment along with your monthly EMIs. The next month’s interest rate will be recalculated according to the rest of the amount left in your gold loan. You can either visit the nearest branch or make your partial gold loan repayment online. 

• Through Muthoot WebPay 

You can do your Muthoot gold loan online payment via Muthoot WebPay. Once you enter your username and login credential, the amount due will be displayed. You can select your mode of payment to proceed with the process. Additionally, you can also repay the partial loan amount. 

• Through Muthoot app 

Download the Muthoot app from the play store and enter your login credentials. Choose Quick Pay, and enter your gold loan number and customer ID to proceed with the Muthoot gold loan online payment. You can also add the partial loan amount along with the monthly dues and initiate the payment together. Once the payment is done, you’ll receive the confirmation via mail. 

You can also make your partial gold loan repayment by visiting your nearest Muthoot Finance office.