Securing a Personal Loan: A 7-Step Guide – Apply for the Loan
5. Apply for the Loan After selecting a lender, complete the formal loan application. You'll need to provide: Identification: A valid ID like a driver’s license or passport. Proof of Address: Utility bills or a lease agreement. Proof of Income: Pay stubs, bank statements, or tax returns. The lender will conduct a hard credit check, which may slightly impact your credit score. Depending on the lender, you might receive an immediate decision or have to wait a few days. Pro Tip: If…