 TITLE: How to Get a Low Interest Personal Loan CONTENT: Other Factors That Could Impact Your Interest Rate\n--------------------------------------------------\nIf you're having trouble getting approved for a low interest loan, consider looking at different types of lenders known to offer loans at lower rates.\n*   **See if you can borrow from a credit union.** Credit unions are known for making lower-interest loans available to their members. Because credit unions are not-for-profit, they are able to offer loans with lower rates than their for-profit competitors, making them a good option if you qualify. Eligibility for credit union membership usually depends on your employer, industry or residence. To find out whether you are eligible for a credit union membership, check with your employer or any professional group you are a member of or call your local credit union to see if you qualify.\n*   **Check out online lenders.** Compared with brick-and-mortar banks, some online lenders are able to offer lower interest rates because they don't have to pay the overhead costs of having a physical location. In addition, online lenders can be convenient and quick, allowing people to apply and get approved for a loan without ever leaving home.\n*   **Consider a lending circle.** Lending circles offer alternatives to conventional borrowing and are based on private agreements you make with friends and family. These arrangements source the loan funds from your \"circle\"—or group of friends and family participating—and as you repay your loan, your investors recoup their contribution. These loans are also typically free of interest and fees, and give financial opportunities to people who otherwise might not have borrowing options. Some third-party companies, such as Mission Asset Fund, help to officiate lending circles and may be a good option if you are trying to use your lending circle debt to build your credit. Click here to get more information about Mission Asset Fund.\n> Find the best personal loans in Experian CreditMatch™. END