Online loans offer quick access to money during financial crunch. Payday loans are a popular short-term option, while personal loans offer larger amounts. Secured loans need collateral to be secured and have lower interest rates, while unsecured loans do not require collateral and higher interest rates. Creditworthiness is an essential aspect of loan approval and loan requirements are different for each lender. Interest rates are based on creditworthiness and the ability to repay. A well-planned and planned approach to monthly finances can help repay the loan on time.