Online loans are financial products that you can apply for and manage entirely through the internet. They are offered by various lenders, including banks, credit unions, and specialized online lending platforms. The process typically involves submitting an application online, receiving a decision quickly, and accessing funds directly into your bank account. Online loans come in various forms, such as personal loans, payday loans, or business loans, and often feature competitive interest rates and flexible terms. They provide convenience and speed, as you can apply from anywhere without visiting a physical branch. However, it's important to carefully review the terms, fees, and the lender's reputation before committing to ensure that you choose a reliable and suitable loan option for your needs.