As you prepare to apply for a personal loan, it’s important to understand what levers you can pull to decrease how much you pay over the life of the loan. Here are some strategies:
- Shop around.
- Get a co-signer.
- Sign up for an autopay discount.
- Avoid fees.
- Use collateral.
- Work with a credit union.
- Choose a shorter repayment period.
- Improve your credit score.
- Lower your debt-to-income ratio.