When looking for the kind of bank loan for your needs, you should stop thinking about what type of lender you are looking for. Some options may be your local bank, finance companies and lenders online. Start by searching your local bank. Some local lenders may be willing to offer its customers low-rate loans debt consolidation simply because doing business with them. Other local lenders may require a high value collateral to secure a low interest loan. Rates may vary from lender to lender to obtain as many events as possible. Finance companies may be able to offer lower fares because they have less overhead and making loans to people like these every day. Once again, to apply for low rate debt consolidation loans, interest rates vary, so you get an appointment first.