The fastest way to apply for personal loans is to do it while you're online. You can go to your bank's website and after you've logged in you would be able to submit an application. However, it's a good idea to shop around first before you apply for personal loans. This could save you money because some financial institutions may be offering better deals than your bank. When shopping around for a low rate loan you have several options.

1. Apply for personal loans through loan comparison websites

There are many websites online that allow you to compare loans from various lenders then you choose the one that you like. When doing such comparisons, the APR is a good indicator of how expensive a loan deal is. You are better off with loans that have a low APR rate. However, make sure you read the small print because there may be other conditions to the offer that could make the deal more expensive for you.

2. Using a broker to apply for personal loans

A broker acts on your behalf to get you the best loan deal from the lender. Independent brokers will search the market for the best loan deal for you. This is one of the quickest ways of getting a loan because brokers usually have inside knowledge of which lenders have the best deals at the time.

3. Using your Bank or Building society to apply for personal loans

Many banks have branches across the country and you can just walk in and make an appointment to speak to your account manager. Alternatively, you can do it online using online banking facilities. This works best if you've already done some shopping around and you've decided that your bank is the best option. Depending on how well you manage your account, some banks will automatically pre-qualify you for certain products such as loans and credit cards. This makes the process of applying for a loan very easy.