A home loan does not come cheap even though the interest rate might be lower than that of a gold loan. When it comes to a home loan, you take a larger amount as a loan, and the repayment period can generally run into decades. You end up paying lots more in interest. Whereas a gold loan comes with a shorter tenure. It is cheaper than a personal loan. Also, the purpose of a gold loan is different than that of a home loan. It’s like comparing oranges to apples.