- 1). Research reputable lenders in your area and call around to ask about interest rates and fees associated with personal loans. Consider community banks and credit unions, if you are a member. Inquire about their loan approval criteria to be sure you fit their requirements prior to submitting an application. Remember that each time you apply for credit, an inquiry is placed on your credit report. Multiple inquires may cause you to look desperate in the eyes of lenders.
- 2). Apply for the loan in person if possible, giving the loan officer a face to remember instead of just an account number. When applying, be prepared to provide personal information such as your Social Security number, employer's name and address, monthly income, and other debts or monthly obligations that you owe. The lender will most likely make copies of your driver's license, Social Security card and pay stubs. Have all of this information with you to avoid a delay in your application.
- 3). Be honest with the loan officer for your need to obtain the loan. Explain in detail what the money will be used for, and, if possible, provide a time frame in which you believe you can pay it back. Offer to set up automatic monthly payments to ensure they will be paid in a timely manner.
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