Few big financial institutions offer unsecured personal loans; Citibank, Discover and Wells Fargo are some that do.A local community bank may have better rates, especially if you have an existing relationship.Options shrink and payments increase if you have no credit history or bad credit.
Once you’ve selected a lender that matches your needs, you’ll need to provide the following documents to formally apply for the loan: The lender will run a hard credit check that may briefly knock a few points off your credit scores.
Upon final approval, you’ll receive your funds according to the lender’s terms, typically within a week.
Visit online lenders or a personal finance site like Nerd Wallet to pre-qualify for a loan.
Many lenders perform a soft credit check during pre-qualification that doesn’t affect your credit score.
» MORE: Where to get a personal loan Before you choose a personal loan: See if you qualify for a 0% credit card.