Once you have settled on an arrangement that will work for both sides, you can then delve in to figuring out the specifics of the loan (i.e. interest rate you will be charged).
5) After finding out the details of what the $1000 personal loan would entail, tell the loan officer that you want to shop around a little before making your final decision. He/she will completely understand (or should anyway). Then, go to the 1-2 other recommended local banks on your list and do a loan comparison in order to make sure you’re receiving the most favorable terms.
Keep on eye out for Part 4 of this series, coming soon!