Pros of BANK Loan are as such: 

1) Very low or fixed interest rates (As low as 5%, or maybe lower) 

2) Predictable monthly payments 

3) Available for many users 

4) Professional banker relationship

Cons: 

1) Has a stringent and hassle process in loan application 

2) Longer waiting time for approval 

3) For employees, you will need to meet the basic wage requirement in order to be eligible for the loan. 

4) A lot of documents needed for verification and approval.

Pros of IN-HOUSE Loan: 

1) Does not requires much paperwork 

2) Higher chances of loan approval 

3) Convenient

Cons: 

1) Higher interest rate 

2) Shorter loan settlement period

I hope this helps (: