To apply for a signature loan, you can either apply in person, at a bank or financing institution, or online, making it easier to compare loan terms and rates.
You must complete the application form and submit qualifying documents, including proof of income. You need to provide your employer information and show pay stubs, W-2s, tax return forms, or even bank statements.
The underwriting process is usually quick since a final decision can be made automatically.
It’s important to realize that any product advertised as a signature loan, unsecured loan, or personal loan with no credit check is not truly a signature loan. It is most likely a cash advance, title loan, or payday loan with very high fees and interest rates — and it should be avoided.