Most agriculture loans have a fixed tenure, and a fixed monthly installment consisting of both principal as well as the interest component, which often inflates the EMI amount. Whereas, with gold loans, the borrower is liable to pay interest on a monthly basis, and can make bullet payments towards the interest component as and when they have the bandwidth for repayment. Thus, gold loans offer a higher flexibility when it comes to repayment.
Which loan offers a borrower-friendly repayment option - Gold loans or agriculture loans? Print
Created by: Deepak Abbot
Modified on: Fri, 23 May, 2025 at 6:27 PM
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