Top 10 Mistakes to Avoid When Applying for a Personal Loan

Applying for a personal loan may seem simple, but even small mistakes can lead to high interest rates, rejections, or long-term financial stress. This blog outlines the top 10 mistakes people make—like ignoring their credit score, applying to too many lenders at once, borrowing more than needed, and overlooking fees in the fine print. It also offers actionable tips on how to avoid these pitfalls by planning repayments, choosing the right loan type, and submitting accurate information.