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.
10 Personal Loan Tips
1. Compare the APRs
2. Compare Loan Fees
3. Compare Savings
4. Compare Terms & Conditions
5. Compare Payment Plans
6. Know Your Credit Score
7. Provide Proof of Income
8. Be Prepared to Pay the Origination Fee
9. Be Prepared to Risk Collateral
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 served 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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