A recent Economic Times report highlights how choosing the right gold loan repayment method can significantly reduce the overall cost for borrowers. While gold loans are widely used for their quick disbursal and lower interest rates, repayment structure plays a major role in how much interest a customer finally pays.
The article explains three common gold loan repayment options—regular EMI, bullet repayment, and overdraft-style repayment. EMI-based repayment suits borrowers with steady monthly income, as both principal and interest are paid in fixed instalments. Bullet repayment allows customers to pay interest periodically or at maturity, with the principal settled at the end, making it useful for short-term needs. The overdraft method offers higher flexibility, as interest is charged only on the amount utilised, helping disciplined borrowers lower interest outgo.
The report advises borrowers to assess cash flow, income stability, and loan tenure before choosing a repayment plan. Paying interest on time and reducing principal early can also bring down the total cost.
For institutions like Indel Money, transparent repayment options and customer awareness are essential to responsible lending. The article reinforces that informed repayment choices help borrowers manage gold loans better while protecting their pledged assets.
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In a recent interaction with Outlook India, Indel Money Executive Director and CEO Umesh Mohanan highlighted the growing importance of gold as a reliable collateral driving India’s next phase of inclusive credit growth. He explained that gold-backed lending is becoming a key financial tool, especially for individuals and small businesses that face challenges in accessing traditional credit systems.
Gold loans are gaining relevance due to their speed, simplicity, and lower dependency on credit history. Mohanan noted that in India, where households hold large quantities of gold, a significant portion remains underutilised. By bringing this idle asset into the formal financial system, lenders can improve liquidity and expand access to credit in both urban and rural markets.
He emphasised that gold loans are particularly beneficial for MSMEs and individuals in smaller towns, where access to formal banking services is limited. The secured nature of gold lending reduces risk for lenders while enabling faster disbursal for borrowers. This makes gold loans an efficient solution during economic uncertainty and tight credit conditions.
As a regulated NBFC, Indel Money is also playing a key role in moving borrowers away from informal lending practices towards a more transparent and customer-first approach.
With gold evolving from a traditional asset into a strategic financial tool, Indel Money stands at the forefront of enabling inclusive and sustainable economic progress.
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In an interview with People Manager, Anoop C. Nair, Head of Human Resources at Indel Money, shared how flexibility in NBFCs must go beyond remote work and become a structured, fair, and governance-driven strategy. He explained that in a regulated gold-loan business, people policies must balance RBI compliance, customer trust, and local cultural realities.
According to Nair, flexibility does not mean relaxed controls. At Indel Money, the core values—ethics, compliance, and customer dignity—remain uniform across India, while the implementation adapts to regional needs. The company follows a “standardise the why and what, localise the how” approach, supported by regional councils and policy audits to maintain accountability.
He highlighted micro-flexibility practices such as rotating Saturdays off, role swaps within clusters, work-from-home options for eligible roles, Recharge Leave, and Family Leave. These initiatives are designed to improve retention in a branch-led NBFC environment.
Nair also emphasised that AI should handle routine administrative tasks, allowing managers to focus on mentoring and customer trust. He stressed that employee feedback is treated as a direct decision-making input, ensuring inclusive policy updates across geographies.
The interview outlines how flexible, measurable, and skills-driven HR practices are strengthening engagement, compliance, and long-term workforce resilience at Indel Money.
