Most lenders have an online presence and as such will allow online applications; typically you’ll need to click through from the relevant website and fill in the application form, with everything being handled electronically.
You’ll need to check that your potential lender accepts joint applications and, if so, complete the application process with two sets of details rather than one.
You’ll need to compare personal loan rates to find the best option available, though not everyone will have access to the advertised rate – this only has to be offered to 51% of applicants, and will always be reserved for those with the best credit ratings.
You can still apply for a loan with bad credit, though your options will be more limited and you can expect to pay higher interest rates, and in some instances you may be asked to provide a guarantor. Alternatively, homeowners may like to consider a secured loan, which can offer lower rates to borrowers with poor credit as they’re using their home as collateral.
Government-backed student loans must be applied for through official sources, however students seeking additional access to credit can often enjoy interest-free overdrafts on their student bank account.
Applying for a business loan can be more complex than for personal loans, with lenders expecting to see detailed business plans and evidence of profitability (either actual or potential). See how to go about it on our dedicated business loans page.
Disclaimer: This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.