There are various types of loans you can choose from depending on whether you qualify or not.
Understand different loan types
Understand different categories of loans such as personal loans, business loans, payday, overdrafts and pawn shop loans. Personal loans are unsecured loans and do not require collateral upfront. The downside is that you pay high-interest rates.
Other loans such as payday loans, mortgage as well as credit cards are personal loans as well. Personal loans are either secure or unsecure. The latter requires collateral whereas the former does not.
Remember, if for example you do not qualify for an unsecured loan the lender may offer a secured loan. Always be vigilant, with this type of loan since you lose your assets if you fail to repay the loan. Pick wisely!