Loans are many in the market. There are such form of credit in the market for every kind of purpose or reason that a person might have which may lead to the generation of a demand or need for more funds then the person actually has with them. The only reason a person can not need a loan is that they are living withing their means and making sure that they spend only in a planned and sytematic way. Thus the problems which can crop up due to various reasons usually never crop up for individuals like these.
There are plenty of loans in the market. There are plenty of cheap loans in the market as well. There are loans in the market which are meant for a specific purpose while there are other loans which do not have a fixed purpose. There are other forms of credit in the market as well and there are plenty of reasons which the bank or financial institutions which is lending or giving out these loans is willing to accept. The thins here is that the banks with such recessionary symptoms going on in the market the banks want to flood the market with credit. Through this method the people will be encouraged to spend more and this might lead to some kind of financial stimulus in the market.
Also the interest rates are actually much lower in the market then they were about 5 years back. But the interes rates are rising up agains and fore casted to rise up and keep rising to the normal leveles which they were at before the recession struck home. Thus this is a great time to get some cheap loans from the market. And with so many options in the market taking a loan can be as easy as taking pie in the market in the current situtaion.