How to Get a Low-Interest Personal Loan. A low-interest personal loan is a type of collateral-free loan that the lender extends to the borrower at a lower interest rate than a standard personal loan. However, because of their lower interest rates, these loans generally will not exceed a few thousand dollars in value, except under very rare circumstances.

Apply For a Low-Interest Personal Loan
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Check your credit score. If it isn't perfect or near perfect, the chances that you'll get a low-interest personal loan are slim. The lenders that do offer low-interest personal loans are very discriminating about who they permit to borrow them as these loans are in high demand.
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Deal with a financial institution where you have a pre-existing business relationship. If you've been a customer at the same bank or credit union for years, have excellent credit and can prove a reliable, steady income stream, make an appointment with a loan officer to discuss a low-interest personal loan.
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Understand what a lender looks for in a low-interest personal loan candidate. In addition to outstanding credit, banks and credit unions prefer borrowers who have held their present jobs for a lengthy period of time, are in full and clear possession of valuable assets and boast a secure sources of income. You'll have to provide documentation to the lending institution to back up all of these claims.
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Keep in mind that there are no set guidelines as to who qualifies for a low-interest personal loan and who does not. Each institution's lending policy is individually set. In fact, many banks do not even offer low-interest personal loans or unsecured (collateral-free) loans of any kind.
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Apply for the loan if you qualify. If your application is not approved, look at the situation from the position of the lender. An unsecured loan, like a low-interest personal loan, is very difficult to recover if the borrower defaults, and a costly, time-consuming lawsuit is usually the only recourse open to the financial institution.
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Maintain your solid relationship with the lending institution by repaying your low-interest personal loan on time and in full without incident. This will help you greatly if you need to get another low-interest personal loan in the future.