Before you sign on the dotted line for a personal loan, it can help to consider the following steps.
Compare Interest Rates
When shopping around and comparing personal loan offers, among the first things to assess are interest rates.
Personal loan interest rates depend on the lender and your credit profile. Generally, borrowers with good credit scores qualify for the lowest interest rates. Interest rates are typically expressed as an annual percentage rate (APR), which includes both the loan rate and any fees associated with it.
Even a small difference in loan rates can significantly affect the total amount you repay. So look for loans with low interest rates and compare the APR to see the total sum you could be…
