Taking a loan can give you access to the funds you need in a hassle-free manner. This is a great solution if you don’t want to borrow from friends and relatives. You can use a mortgage loan to buy a house, which allows you to use the house as collateral. Similarly, a car loan enables you to buy a car which you can’t afford. Business loans are a useful tool to help you achieve your business goals. You can even take a loan just to improve your credit rating.