Understand the personal loan process with this simple, step-by-step guide.

Taking out a personal loan can provide a flexible solution for covering the cost of personal purchases like a holiday, a home renovation project, or even an extravagant wedding. However, the flexibility of a personal loan also means that there can be a big difference in the terms offered by different personal loan lenders. Borrow too much, for instance, and you may struggle to repay the loan comfortably down the line.

To provide some context around the weeds of taking out a personal loan, this guide is designed to cover what you should do at each step of the application process to ensure that the loan you eventually apply for ticks all the boxes - from your borrowing needs to ideal terms, and repayments that fit your financial circumstances.