In my oponion, Bitcoin loans are too risky, because there are too many scammers online, and you don't want to be a victim from it. At this time, I think what you need to do is hold your coins and wait until price increase, to invest in something else later.
Bitcoin loans are both risky and not. If you made a loan for the purpose of converting it to cash and use it for families needs then it is okay. But if it will be used for investment especially hyip then its not worth it due to the risk. And lastly if you are planning to use it in gambling then it is the worst thing ever, since gamblingmay eat all your balance in just a short amount of time.