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If you decided to apply for a personal loan, here’s what to do to apply:

1. Check your credit score. Since most of the lenders look at your credit history, you should make sure everything is correct on your credit reports. Then check your credit score simply to know where you stand and what loan amount and rates you may expect.

2. Compare lenders. Different lenders may offer different terms. Plus, check the interest rates: look for fixed interest rates as they won’t change as you repay your loan. Then look at the repayment terms to make sure you will be able to handle the payments.

3. Provide necessary information. When you choose the offer, you will need to provide some personal information. Some lenders may also ask you to send them a copy of some documents like proof of your income, driver license and your SSN.

4. Wait for decision. Most lenders are able to respond within minutes and if you accept the offer, you can receive the money in a couple of business days.