I'm thinking of taking out a bank loan instead of borrowing money from my inlaws
Why would you rather take out a bank loan?
I hate them and don't want to be indebted to them.
It's better to borrow money from a bank. Borrowing money from relatives can be messy when they expect you to pay it back.
Exactly I'm on my way now.
Good, if something goes wrong you can also file bankruptcy against the bank debt.  Why do you need the loan if you don't mind me asking?