How do I fill out a personal loan application?

To fill out a personal loan application, you have to give the lender some specific personal and financial information, such as your name, address, credit score, income and requested loan amount. You may be able to apply online, over the phone or at a branch. Each lender's application will be generally the same but will have a few nuances.

Steps to Fill Out a Personal Loan Application

1. Decide how you want to apply. Depending on the lender, you may be able to apply online, over the phone with a representative or in person at a branch. Not all lenders offer all three application options, though.
2. Collect the required information. Each lender requires certain information to prove you're eligible for a loan. In general, you'll need a government-issued ID, proof of income or assets, a permanent U.S. address, proof of employment, and your Social Security number.  
3. Fill out your personal information. The lender will need personal information such as your name and date of birth.
4. Fill out your financial information. The lender will also require some financial information, like your income or assets, and how much money you're requesting.
5. Submit the application. You can submit the application after making sure all your information is correct.
6. Wait for a decision and funding. If you apply online, you may get a decision almost instantly. However, if you apply by phone or in person, it may take a few days. You should receive your funds up to 7 business days after getting approved.

Some lenders allow you to pre-qualify for a personal loan and fill out the application right after getting a decision. When you pre-qualify, you'll be able to see your potential interest rates, which will help you compare your options. Being pre-qualified also means you have very high odds of actual approval.

To pre-qualify with multiple lenders at once, check out the free pre-qualification tool on WalletHub.