Best Personal Loans in Enterprise, NV: Top Lenders & Best Picks for You

Ask Yourself the Important Questions

Personal loans have many advantages, but before applying for one, you should figure out if you can pay it back without breaking your budget. At a minimum, you should ask yourself the following questions:

• Approximately how much do I need? Borrowing just the right amount of money can help you avoid paying too much in interest or taking out a second loan. In the long run, precision pays off, so take the time upfront to accurately estimate your loan needs.
• What is my credit score? Your credit score impacts the loan amounts and rates available to you. Knowing your credit score will allow you to narrow down your search for lenders and help you get a better idea of the loan package you’ll receive. If you have a low credit score and aren’t in urgent need of funds, consider improving it first to receive the best rates.
• Can I afford the monthly payment? Making a higher monthly payment means you’ll pay less in interest over the life of your loan. However, it’s important to ensure that your monthly payment doesn’t prevent you from making other living expenses.
• What is my existing debt? If you have existing debt and don’t intend to use your personal loan to consolidate it, you may want to consider alternative funding sources.

Do Your Research

Lenders vary in terms of their interest rates, loan amounts and repayment terms. To find the best rate for your financial situation and needs, you should compare multiple lenders for their loan products, customer service ratings and available discounts.

MoneyGeek’s recommendations provide an excellent starting point, but it's not a substitute for your own research. Our guide and suggestions are based on generic borrower profiles, rather than your specific needs. Only you can choose the best insurer.

Wait

After you’ve researched different lenders, you should wait a few days before submitting your application. During this time, you should see if your chosen lender offers a prequalification option. This will allow you to check the rates available to you, without impacting your credit score.

Getting a personal loan is a big decision that could affect your finances for years, so it's important to weigh all of your options carefully before selecting a lender.

Read the Fine Print

To avoid any surprise costs, it’s important to read the fine print of your loan agreement. This includes fees like those for early repayment, late payment and loan origination that can add up over the life of your loan. If you have any questions about the terms of your loan, you should contact your lender for clarification.

Apply

Once you’ve completed the previous steps, you should gather the necessary paperwork and begin the personal loan application process. Most lenders require proof of income, residence and identification.

Some lenders operate entirely online, whereas others also have physical locations. Depending on your lender, you may be able to complete the application online, over the phone or in person.