does gold loan affect cibil score

Yes, a gold loan does affect your CIBIL score. Since gold loans are a form of secured credit, your repayment history is reported to credit bureaus like CIBIL.

• Timely repayment of your gold loan can positively impact your score by building a good credit history and improving your credit mix.
• Conversely, missing payments, delays, or defaulting on the loan will be reported to credit bureaus and can severely damage your CIBIL score.
• Managing the gold loan responsibly is a way to demonstrate financial discipline and boost your creditworthiness.