In order to stand a better chance of your small loan being approved, it would be advisable to carry out an online research first. Competitors may be offering different loans at varying terms and conditions. Seek information on the kind of a loan you would be interested in and the terms you are most comfortable with. In some cases where you may be going for a specific type of a loan like for a car or a mortgage, there is always a deal that will work out better for you. You might get offers in your mail but it is important that you go further and compare the different options on a fair ground. Ask questions After getting a good loan package that works for you, go ahead and make direct contact with the bank. This can either be through a phone call or a physical visit. It is important that you get information upfront on the requirements that will make you eligible for a loan. You can even book an appointment to seek clarification. Know the limitations that might work against you With ‘limitations’ we mean elements like credit history and score. Nowadays, lenders are relying more and more on the credit history of the borrower in making their ultimate decisions. Before going to the bank, you should obtain your credit history in time and review it for any mistakes there may be. If your report contains mistakes, you may end up with a lower credit score. Create a checklist for all the required documents A checklist should fully reflect the information obtained. It is important that you present all the information and documents required during loan application. The collection of the same should be done in advance as loans may be denied due to incomplete submissions. Have the right expectations regarding the process Normally, you are supposed to discuss with bank officers the time frames within which to expect an answer or a follow up. Be sure to understand the review process concerning your application.