How to Get a Personal Loan Approved You may want to start a home business , or you may want to borrow for a vacation, or you might have some other use for the money. A personal loan -- usually unsecured -- can provide you with a little extra cash to help you meet your goals. Actually securing that personal loan can be a bit difficult, though. Here's a few ways on how to get your pers0nal loan approved. And if that doesn't work, we have offer some other options, too. Qualifying for a Personal Loan Through Your Bank or Credit Union It's becoming increasing difficult to qualify for a personal loan through your bank or credit union, especially if you want a larger amount. If you are a good customer, and have good credit, you can usually get what is called a signature loan for $3,000 to $5,000. Check with your bank or credit union to find out whether they offer these loans, and what the application process is. If you want a bigger loan, though, you will need to jump through some hoops. You will need to fill out a loan application, and you might even need to designate collateral. (Collateral is something of value that can be taken from you and sold to pay off the loan if you can't pay it back.) You will need to have a relatively high credit score (above 700 if you want to even be considered for an unsecured personal loan),