Yes, you can pay only the interest amount and pay the principal amount (loan amount) at the end of the loan tenure if you take a gold loan from a bank in India. But repayment options can vary from lender to lender, so it is always best to check with the bank you are borrowing from as to what their repayment options for their gold loan are and pick what is best suited for you. 

Gold loans are very commonly applied for by many individuals as gold is an easily available asset in most Indian households. So, most banks provide a variety of repayment options to help the customer repay his/her gold loan as best suited for them at their convenience. 

Some of the repayment options are:

1. Bullet repayment:

In this type of repayment, you can pay both the interest amount and the principal amount at the end of the loan duration. This means that one does not need to pay any EMI throughout the duration of the loan and can repay it in one shot like a bullet at the end of the tenure. Though interest is calculated for every month, it requires to be repaid only the end of the loan tenure along with the loan amount. 

2. Paying of interest alone:

In this type of repayment, you can pay the interest amount as EMI every month and repay the loan amount at the end of the loan duration. This is beneficial for customers as they do not need to worry about repaying the principal amount during the tenure of the loan and only need to make payments towards the monthly interest that is generated on the loan. 

3. Regular EMI payments: 

In this type of repayment, the EMI includes repayment of the interest amount and the principal loan amount. This is catered to salaried individuals who get a regular month on month income. Here, there is a monthly out flow of money towards repaying the interest along with the principal amount throughout the entire duration of the loan. 

So, one can choose what repayment option is best suited for their gold loan based on income, employment and other factors. 

To apply for a gold loan, click here.