This is the best place to acquire a small loan especially if you have a good credit rating. It requires you to have a proof of income which will act as a security to the loan. The loan provided will usually have flexible terms regarding the repayment time as well as the interest rate charged. Banks have also evolved to attract more borrowers by shortening the process and time taken to process a loan. Furthermore, most banks have now eliminated the complex paperwork and even allow members to borrow online.