<prompt> Human: I want to get a 1000-3000 dollar personal loan from a bank. I want the cheapest interest rate possible for me, low interest rate is a necessity and not an option. Im age 21, my credit score is at 720, but I have 20,000 in student loans, which Ill have to begin paying when I graduate in a full year. I got a part-time job last summer that pays 116 a week on average after taxes, or 5,200 a year. However, with the summer coming up, Ill have opportunities to work full time, so over the summer I can earn about 3,000. I live in the state of Massachusetts.These are my questions:Can someone go through with me my best options? I was thinking of signing up to a local credit union, or using my own bank TD bank where Ive been a client for about 5 years. Also, how do payments work? Ideally, I want to be looking at a timeframe of 6 months - 1 year. However, it would also be possible for me to pay in monthly installments of no more than 240. Also, lower rates are offered for a car loan - can I go to the bank and say I want a car loan, but really use the money for personal use? How would they verify and what would be the consequences, if any, for using the money differently than I represent?  <response>: Hehe. No you cant do a bait and switch on an auto loan. First, its illegal and loan origination fraud. Secondly, the bank owns the car you buy with your loan and requires a VIN number before issuing you the money.Now onto your options: A credit card. This is really your best option. This is exactly what credit cards are for. Talk to your bank or shop around and see if you can find a card with 0 APR for the first 12 months. That is your single best bet. Your second option is to get another private student loan. Student loans can be used for anything while you are a student. Not just tuition. You can use it for food, housing, or whatever you need the money for. A better question: Why do you need 1,000 - 3,000? This is a slippery slope. Learn to only spend money that you have. Save up through your job until you can afford what you want. 