Even with the recent sub prime crisis, many banks are promoting some very aggressive loan programs and seem to be just too eager to lend us money. But you have to remember that what’s good for your bank is not always good for you.

The hunt for the best loans depends on your financial situation as well as your monetary requirements. For instance the option of easy personal loans offered by many banks, often without any collateral can be very helpful if you don’t have the proper resources for a secured loan. But on the other hand, secured loans can sometimes be the better choice even if your bank doesn’t is willing to offer you an unsecured loan since the interest rates on secured loans are typically lower than unsecured loans. Do what’s good for you, not for your bank.