Tips to Get the Best Personal Loan
Now that you know your options, follow these tips to get the best interest rate on your personal loan:
- Compare the APR (Annual Percentage Rate) not just the advertised interest rate
- Negotiate with your existing bank - long-term customers often get better terms
- Consider secured loans if you have collateral for lower rates
- Check for origination fees or hidden charges before signing
- Keep monthly payments under 30% of your income to maintain financial health
Remember: the best loan is one you can afford without compromising your finances. Use our calculator as many times as needed to find the ideal option!