Things You'll Need:
- Bank account Employment Driver's license
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Step 1
Open a bank account. To qualify for a guaranteed personal loan, you'll need to acquire a bank account and maintain the account for at least 90 days. You can open a savings or checking account. Upon reviewing your loan application, lenders contact your bank to ensure the account is active and in good standing.
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Step 2
Find employment. Likewise, the average guaranteed personal loan lender requires steady employment. You'll also need to maintain the same employer for at least 90 days.
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Step 3
Gather financial documents. While guaranteed personal loans don't require credit checks, lenders take other factors into consideration, such as your ability to repay the loan. You'll need to bring copies of your most recent paycheck stub, a voided check or banking statement and a copy of your driver's license. If you're applying with an online lender, you'll need to fax this information.
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Step 4
Compare loan fees and terms. There are several available options with a guaranteed personal loan. Some lenders charge excessive fees, whereas others charge lower fees. The average loan fee is $10 to $20 for every $100 you borrow. Additionally, guaranteed personal loans feature varying terms. You can choose a 14-day, 30-day or 90-day loan term.
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Step 5
Complete an application. After comparing personal loan fees, select the lender with the lowest fees, and submit your loan application. Lenders generally offer immediate responses (within one hour). If approved, lenders automatically deposit the loan amount into your bank account. Funds are available by the next business day.
Comments
randy44 said
on 10/19/2009 good article,
just does not tell you where to find the lenders !
quick google search and i found
ebadcreditlenders.com got a $2000 loan over night with my realllyyyy bad credit