Frequently Asked Questions What is a loan? Ans. What types of loans are available? Ans. How do I apply for a loan? Ans. What documents do I need to apply for a loan? Ans. What factors do lenders consider when evaluating a loan application? Ans. How long does the loan approval process take? Ans. What is the difference between a fixed interest rate and a variable interest rate? Ans. What is the loan repayment term? Ans. What is the loan repayment schedule? Ans. What happens if I miss a loan payment? Ans. Can I pay off my loan early? Ans. Is there a penalty for prepaying a loan? Ans. How does my credit score affect my loan application? Ans. Can I get a loan with bad credit? Ans. What is the loan interest rate? Ans. How are loan interest rates determined? Ans. What are the fees associated with a loan? Ans. Can I use a loan for any purpose? Ans. What is the difference between a personal loan and a business loan? Ans. Are there any specific requirements for obtaining a business loan? Ans. Can I get a loan if I am self-employed? Ans. Can I get a loan if I am unemployed? Ans. How can I improve my chances of getting approved for a loan? Ans.