What country are you in now for you to talk like that so many people here in our country are losing their job and their business and there's no bank here that will give us loans,, it's actually the opposite on what's happening in many countries.
You must be dreaming no banks will give you a loan and forget it, that bank is not existing, banks are profit driven company the moment they gave you a loan the interest will start to generate you can never default a loan on a bank.
If you have a decent enough collateral, then the banks will give you a loan. The interest rates may be high (and may go up even higher as inflation is expected to rise in the coming years).
Collateral seems to be more the back up of the banks of their client. And trust me they are monitoring us each by each, they scroll to our life feeds. Banks will care about our background than what we wear when we go to banks, they will smile at you when they see you got a mansion that costs $1 million even if you look like a bum with teared shirt. Loan at your own risk, or don't loan at all.
On the other hand, if you don't have a good collateral, and in case you are unemployed currently, then there is hardly any chance of getting a loan sanctioned by the bank officials.
Loan is granted when the banks sees a potential that you can pay them and it will be defined by your statements, as we all say the collateral. Personally I don't want to get a loan with collateral, like a property, or a car, coz obviously you can't take the half of the car just to pay them, so they will just get it to you as a payment, in short it will be over paid. Don't do collateral!