How to Get a Personal Loan in Phoenix, AZ

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Many Americans live paycheck to paycheck with no savings to speak of. Maybe this describes your situation. You work hard, but there just isn’t enough money left over after paying the bills. What happens if you have a medical emergency or your car breaks down? You need money to take care of the emergency right away.

A personal loan can provide the funds you need, and your payments will be spread out over several months so you don’t have to come up with it all at once. But how do you get a personal loan? Here is what it takes to get a personal loan in Phoenix, AZ.

Proof of Employment
Although it is possible to get a personal loan without a job, it is much easier if you are employed. Your lender will probably want to see your most recent pay stubs to verify your employment income. If you are self-employed, you may need to bring a copy of your most recent tax return.

Proof of Registration
Some lenders require you to have a car registered in your name in order to qualify. The car is not used for collateral – it just shows that you have transportation to get to your job. If you do not have a car, you will have a harder time qualifying for a personal loan.

How Much Can You Borrow?
The amount you can borrow depends on the lender. At Tio Rico, personal loans range from $100 to $1000. This is an amount that can be easily paid back, so you are not likely to fall behind on your payments. If you do have trouble making your payments on time, be sure to talk to the lender. They may be willing to work with you.

Where Should You Go for a Personal Loan in Phoenix, AZ?
Tio Rico is a family-owned business that has locations throughout the Phoenix area. Check out our personal loan FAQs for more information on getting a personal loan in Phoenix, AZ.