How Do You Get An Unsecured Personal Loan?
An unsecured personal loan is a loan for which the lending financial institution does not demand that the borrower offer up any collateral. While you should be able to get a decent rate on an unsecured personal loan if you have a solid credit rating, interest rates are usually much higher than what you’ll find with a secured personal loan. Collect your pay stubs or monthly earnings statements, dating back at least 6 months and up to 1 year. Approach your regular bank or financial institution first to see if it offers unsecured personal loans as part of its lending program. You’re more likely to get good loan terms from a bank where you’re already a customer. Demonstrate that your income is stable when you go to meet with the lender. If you’re borrowing from an online or non-traditional institution and you won’t have a face-to-face meeting, ask your employer for a letter confirming your salary and job security. Shop around first to see what kind of terms are available through the variou
