Personal Loan Tips That Can Help You Get Approved

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Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more about our Editorial Guidelines and How We Make Money.
Personal Loan Tips: Finding the Right Lender
Personal Loan Tip 1: Compare the APRs
Personal Loan Tip 2: Compare Loan Fees
Personal Loan Tip 3: Compare Savings
Personal Loan Tip 4: Compare Terms & Conditions
Personal Loan Tip 5: Compare Payment Plans
Personal Loan Tips: Applying for a Loan
Personal Loan Tip 6: Know Your Credit Score
Personal Loan Tip 7: Provide Proof of Income
Personal Loan Tip 8: Be Prepared to Pay the Origination Fee
Personal Loan Tip 9: Be Prepared to Risk Collateral
Personal Loan Tip 10: Insure Your Loan
The Takeaway
Frequently Asked Questions
Photo credit: iStock/fizkes
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About the Author
Sulaiman Abdur-Rahman writes about personal loans, auto loans, student loans, and other personal finance topics for Lantern. He’s the recipient of more than 10 journalism awards and currently serves as a New Jersey Society of Professional Journalists board member. An alumnus of the Philadelphia-based Temple University, Abdur-Rahman is a strong advocate of the First Amendment and freedom of speech.
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