maybe many people are taking loans online or offline for various urgent reasons, but keep in mind that the habit of making loans will only get you entangled with what is called eternal debt and the possibility of getting addicted to making loans online or offline
So far, I only had to take out two loans in my life and I am still paying one back today. The whole experience of applying for a loan and paying interest on it for such a long time is not pleasant for me and I hope too never do it again. I got the loans from my local bank so I have no experience with taking out loans online, but I would expect it to go more quickly and easily. That could be a problem, if you get access to a loan too easy the chances of getting used to it is high and it might be difficult to stop again. The issue with loans is that some people take them out for unnecessary things and spend the money quickly. Getting used to living above your means is a dangerous situation, that is why borrowed money shouldn't be used for normal consumption each month. It's easy to get used to spending more money than we actually have and once our new habit of a more expensive lifestyle is formed, it will be hard to get rid of it again. The mother of a good friend of mine is using her overdraft almost every month, she buys new clothes every month and spend so much in bank and interest fees over the years. We tried many times to convince her to stop, but it’s an addiction by now. Don’t rely on other peoples money, better to first save and then buy the things we really need and want