I would also prefer to pay myself. Loans are always a bad thing, I think. I constantly have to remember that I still have something to pay off. And the interest rates are usually insane.
I believe that the interest you have to pay on the loan, plus the compound interest, is higher than what you save on taxes. I would also advise against taking out a loan.
Before you decide, you should definitely do the math. Connect all the data you have (interest rate on the loan and tax savings, etc.) with each other. Then you'll see anyway which option is better for you.
Oh God.. what do you do then if you are such a "math genius" like me??? -My math skills are close to zero ;) But I think I even know someone I could ask to do the calculations. I agree with Fliese. First calculate (or have it calculated), then decide.