What you need to know
At maturity you can renew by paying the interest due; the lender revalues the gold at the current price and may give a top-up if prices rose. RBI rules allow renewal only if the loan is standard (not overdue) and within LTV after revaluation.
How renewal works
- Pay interestClear all interest and charges due.
- RevaluationGold revalued at today’s benchmark price.
- New sanctionFresh loan period; top-up possible within LTV cap.
- DocumentsNew KFS and loan agreement.
Frequently asked questions
Is renewal automatic?
No, you must request it and clear dues; unpaid loans move towards auction.
For information and comparison only. Loan terms, rates and rules change — confirm with the lender and read the Key Facts Statement before borrowing.