Hands down, gold loan. A gold loan is a secured loan in which your gold is kept as security with the lender. It has lower interest rates than that of a personal loan and requires minimal documentation. Disbursal is also speedy if you are found eligible and your application is approved. A personal loan, on the other hand, has a much higher rate of interest since it is an unsecured loan. It is one of the costliest consumer loans in the market. Processing also takes more time as compared to a gold loan.