Saving money from your monthly income is often a good way to get enough cash together to buy things or do what you want. But saving isn't always the best way to buy things.

For example, you want to buy a car. You could save for years before you're able to pay for it. But by the time you have enough in the bank, the price may have gone up so much that you can no longer afford it. A loan will get you the car you want, when you want it.

Not all of us are good savers. Your tax demand arrives and you haven't saved enough to cover it. Your extra month's pay might help, but you were planning on using that for a holiday. A loan is the answer.

Emergencies happen. You're selling your home and buying a new one. But the sale of your old home is taking longer than you expected, tying up the money for your new home. A short-term bridging loan is the solution.

There are many other good reasons for taking out a loan. And there are many different kinds of loan for individual needs. The trick is to know which one is best for you.