Since it is becoming more and more common for people to take out a loan online, we could ask if bank loans have become obsolete? Oh no. You can still do it the good old-fashioned way and do it through a bank like Bank of America, Washington Mutual or Chase. Banks like these are big and have branches in most major urban areas, so you will not in danger of getting ripped off by one of them. Moreover, they have a professional reputation and will not give your information to others. It is safe to take a bank loan.

But, one thing to keep in mind is that, just because they are a big bank, that does not guarantee that they have the best interest rates and loan terms. The best way to go about getting a loan from one of these banks is to get your finances together so you know what your needs are, and shop around until you find what's right for you. But, what should you look for in a lender?

Since you are dealing with a physical bank, where you must deal with people, a key thing to consider is service. Are the loan officers and bank employees polite and professional? Are they friendly? Are they available and willing to answer your questions and work with you individually? You will be dealing with them for a long time, so you should make sure the service is good and that it's easy to communicate with them.

Another important thing to look at is interest rates.

· Which is better: a fixed rate or a non-fixed rate? Usually, a fixed rate loan will come with a higher interest rate. However, a non-fixed interest rate will probably be cheaper if it doesn't have a ceiling.

· Make sure, if it's a non-fixed rate loan, to read the fine print. See if it is likely that the interest rate will go up during the course of the loan, and if so, how much. Shop around and see which loans will most likely stay low.