It purely depends on your eligibility and requirement. In the table below we have listed out some metrics across which we compared Manappuram gold loan vs Muthoot gold loan Parameters Manappuram Muthoot Gold Loan Interest Rate 12% to 29% 11.5% to 24% Processing Fee Rs 10 to be paid at the time of settlement Rs 50 with free registration for NACH Loan Amount Rs 1000 to Rs 1.5 crores Rs 1000 to Rs 8 lakhs Loan Tenure 1 day to 3 months 7 days to 36 months Lowest per Lac EMI Rs 3120 Rs 3100 Foreclosure Charges Nil Nil EMI scheme No Yes Bullet Payment Scheme Yes Yes Overdraft Scheme No Yes