To get a loan, you must select the right loan type, check your credit score, and gather financial documents such as tax returns and pay stubs. Next, submit a formal application with a bank, credit union, or online lender who will evaluate your financial history. Lenders review your income, existing debt, and credit history to determine if you qualify and to set your interest rate. Once approved, you sign the agreement, and the funds are deposited directly into your bank account.