--- title: How to Get a Loan from the Bank description: Learn how to approach a bank loan with confidence and strategy to secure the best terms and avoid common pitfalls. image: https://news.libertysavingsbank.com/hubfs/pexels-karolina-grabowska-4968636.jpg --- - [News & Insights](https://www.libertysavingsbank.com/news-insights/) - [ATM Locations](https://www.libertysavingsbank.com/atm-locations/) - [Financial Centers](https://www.libertysavingsbank.com/locations/) - [Careers](https://www.libertysavingsbank.com/careers/) - [Online & Mobile Banking](https://www.libertysavingsbank.com/help/getting-started/about-online-and-mobile-banking/) - [About Us](https://www.libertysavingsbank.com/about-liberty-savings/) - [Contact](https://value.libertysavingsbank.com/online-banking-consultation) - #### Banking - [Call the Freedomline at 800.436.6300](tel:8004366300) - [Freedomlineivr@Libertysavingsbank.com](mailto:Freedomlineivr@Libertysavingsbank.com) - [Schedule Branch Visit](https://value.libertysavingsbank.com/online-banking-consultation) #### Health Savings Accounts - [Call us at 844-424-2265](tel:8444242265) - [hsa@libertysavingsbank.com](mailto:hsa@libertysavingsbank.com) #### Existing Mortgage Loans - [Call us at 866-224-0131](tel:8662240131) - [customerservice@loanadministration.com](mailto:customerservice@loanadministration.com) - [libertysavingsbank.loanadministration.com ](http://ibertysavingsbank.loanadministration.com) - Search - Search [![Liberty Savings Bank](https://news.libertysavingsbank.com/hubfs/Liberty_Savings_Bank_June2019/Images/logo.png)](https://www.libertysavingsbank.com/) - Banking - Personal - [Overview](https://www.libertysavingsbank.com/banking/personal/) - [Checking](https://value.libertysavingsbank.com/personal-checking-accounts) - [Online/Mobile Banking](https://www.libertysavingsbank.com/help/getting-started/about-online-and-mobile-banking/) - [MMDA - Money Market Deposit Account - Personal](https://www.libertysavingsbank.com/banking/personal/mmda/) - [Savings Accounts](https://www.libertysavingsbank.com/banking/personal/savings-accounts/) - [Certificates of Deposit](https://www.libertysavingsbank.com/banking/personal/cds-2/) - [Credit Cards](https://www.libertysavingsbank.com/banking/personal/credit-cards/) - [Reward Yourself](https://www.libertysavingsbank.com/banking/personal/reward-yourself/) - Business - [Overview](https://www.libertysavingsbank.com/banking/business/) - [Checking](https://www.libertysavingsbank.com/banking/business/checking/) - [MMDA – Money Market Deposit Account – Business](https://www.libertysavingsbank.com/banking/business/mmda/) - [Visa Business Check Cards](https://www.libertysavingsbank.com/banking/business/visa-business-check-card-2/) - Nonprofit - [Overview](https://www.libertysavingsbank.com/banking/nonprofit/) - [Nonprofit Checking](https://www.libertysavingsbank.com/banking/nonprofit/nonprofit-checking/) - [MMDA – Money Market Deposit Account – Nonprofit](https://www.libertysavingsbank.com/banking/nonprofit/mmda/) - [Visa Business Check Cards for Nonprofits](https://www.libertysavingsbank.com/banking/nonprofit/business-check-card/) - Home Loans - Home Loan Options - [Overview](https://www.libertysavingsbank.com/mortgages/mortgage-loans-2/) - [Apply Now](https://lsbmtg.mymortgage-online.com/?loanapp&siteid=6096984036&workFlowId=61437) - [Buying a Home](https://www.libertysavingsbank.com/mortgages/mortgage-loans-2/buying-a-home/) - [Home Equity Line of Credit - HELOC](https://www.libertysavingsbank.com/mortgages/mortgage-loans-2/home-equity-line-of-credit_heloc/) - [Refinancing a Home](https://value.libertysavingsbank.com/compare-and-save) - [Fixed Rate Mortgage](https://www.libertysavingsbank.com/mortgages/mortgage-loans-2/fixed-rate-mortgage/) - [Adjustable Rate Mortgage](https://www.libertysavingsbank.com/mortgages/mortgage-loans-2/adjustable-rate-mortgage/) - [Jumbo Loans](https://www.libertysavingsbank.com/mortgages/mortgage-loans-2/jumbo-loans/) - [Mortgage Calculators](https://www.libertysavingsbank.com/mortgages/first-home-buyers-guide/mortgage-calculators/) - [Senior Living](https://value.libertysavingsbank.com/senior-living) - First Home Buyers Guide - [Overview](https://www.libertysavingsbank.com/mortgages/first-home-buyers-guide/) - [Glossary of Mortgage Terms](https://www.libertysavingsbank.com/mortgages/first-home-buyers-guide/glossary-of-mortgage-terms/) - [Financing Process](https://www.libertysavingsbank.com/mortgages/first-home-buyers-guide/financing-process/) - [What is Refinancing?](https://www.libertysavingsbank.com/mortgages/first-home-buyers-guide/purchasing-or-refinancing/) - [Frequently Asked Questions](https://www.libertysavingsbank.com/mortgages/first-home-buyers-guide/frequently-asked-questions/) - [Mortgage Calculators](https://www.libertysavingsbank.com/mortgages/first-home-buyers-guide/mortgage-calculators/) - [Home Loan Teams](https://www.libertysavingsbank.com/mortgages/mortgage-loan-officers/) - [Overview](http://libertysavingsbank.com/mortgages/mortgage-loan-officers/) - [Bradenton/Wildewood Home Loan Team](https://value.libertysavingsbank.com/wildewood-mortgage-team) - [Sarasota/Stickney Home Loan Team](https://value.libertysavingsbank.com/stickney-mortgage-team-1) - [Sarasota/Square South Home Loan Team](https://value.libertysavingsbank.com/square-south-mortgage-team) - [Lakewood Ranch/Home Loan Team](https://value.libertysavingsbank.com/lakewood-ranch-florida-mortgage-team) - [Venice/Home Loan Team](https://value.libertysavingsbank.com/jacaranda-mortgage-team-2) - [1098 Mortgage Interest Statement](https://www.libertysavingsbank.com/mortgages/1098-mortgage-interest-statement/) - [Personal Loans](https://value.libertysavingsbank.com/personal-loans-florida) - [Commercial/Business Loans](https://value.libertysavingsbank.com/commercial-business-lending) - Support - Getting Started - [About Online and Mobile Banking](https://www.libertysavingsbank.com/help/getting-started/about-online-and-mobile-banking/) - [Installing the Mobile Banking App](https://www.libertysavingsbank.com/help/getting-started/installing-the-mobile-banking-app/) - [Accessing the Online Banking Site](https://www.libertysavingsbank.com/help/getting-started/accessing-the-online-banking-site/) - [Logging In](https://www.libertysavingsbank.com/help/getting-started/logging-in-overview/logging-in-for-the-first-time/) - [Logging Out Overview](https://www.libertysavingsbank.com/help/getting-started/logging-off-overview/logging-off-voluntarily/) - The Homepage - [Using the Menu](https://www.libertysavingsbank.com/help/the-home-page/using-the-menu/) - [Viewing Accounts](https://www.libertysavingsbank.com/help/the-home-page/viewing-accounts/) - [Viewing the Sidebar](https://www.libertysavingsbank.com/help/the-home-page/viewing-the-sidebar/) - [Account Information on the Home Page](https://www.libertysavingsbank.com/help/the-home-page/account-information-on-the-home-page/) - [Account Details Overview](https://www.libertysavingsbank.com/help/the-home-page/account-details-overview/) - Online Activity - [Creating Custom Views in the Online Activity Center](https://www.libertysavingsbank.com/help/online-activity/creating-custom-views-in-the-activity-center/) - [Sorting Transactions in the Online Activity Center](https://www.libertysavingsbank.com/help/online-activity/sorting-transactions-in-the-activity-center/) - [Viewing Transaction Details in the Activity Center Overview](https://www.libertysavingsbank.com/help/online-activity/viewing-transaction-details-in-the-activity-center-overview/) - [Copying A Transaction](https://www.libertysavingsbank.com/help/online-activity/approving-transactions/) - [Sending a Message About a Transaction in the Activity Center](https://www.libertysavingsbank.com/help/online-activity/sending-a-message-about-a-transaction-in-the-activity-center/) - [Printing Transaction Details from the Activity Center](https://www.libertysavingsbank.com/help/online-activity/printing-transaction-details-from-the-activity-center/) - [Exporting by Transaction Type in the Activity Center](https://www.libertysavingsbank.com/help/online-activity/exporting-by-transaction-type-in-the-activity-center/) - Personal Banking - [Enrolling for Financial Tools](https://www.libertysavingsbank.com/help/personal-banking/enrolling-in-cpfm/) - [Classic Bill Pay](https://value.libertysavingsbank.com/libertycard-onfile-and-instapay) - [Depositing a Check on Your Mobile Device](https://www.libertysavingsbank.com/help/personal-banking/depositing-a-check-on-your-mobile-device/) - [Managing Manual Accounts](https://www.libertysavingsbank.com/help/personal-banking/managing-manual-accounts/) - [Financial Tools: Using PFM Widgets](https://www.libertysavingsbank.com/help/personal-banking/using-pfm-widgets/) - Business Banking - [Canceling Pending Transaction](https://www.libertysavingsbank.com/help/business-banking/canceling-pending-transaction/) - [Approving Transactions](https://www.libertysavingsbank.com/help/business-banking/approving-transactions/) - [Explainer Videos](https://www.libertysavingsbank.com/help/explainer-videos/) - Banking - Personal - [Overview](https://www.libertysavingsbank.com/banking/personal/) - [Checking](https://value.libertysavingsbank.com/personal-checking-accounts) - [Online/Mobile Banking](https://www.libertysavingsbank.com/help/getting-started/about-online-and-mobile-banking/) - [MMDA - Money Market Deposit Account - Personal](https://www.libertysavingsbank.com/banking/personal/mmda/) - [Savings Accounts](https://www.libertysavingsbank.com/banking/personal/savings-accounts/) - [Certificates of Deposit](https://www.libertysavingsbank.com/banking/personal/cds-2/) - [Credit Cards](https://www.libertysavingsbank.com/banking/personal/credit-cards/) - [Reward Yourself](https://www.libertysavingsbank.com/banking/personal/reward-yourself/) - Business - [Overview](https://www.libertysavingsbank.com/banking/business/) - [Checking](https://www.libertysavingsbank.com/banking/business/checking/) - [MMDA – Money Market Deposit Account – Business](https://www.libertysavingsbank.com/banking/business/mmda/) - [Visa Business Check Cards](https://www.libertysavingsbank.com/banking/business/visa-business-check-card-2/) - Nonprofit - [Overview](https://www.libertysavingsbank.com/banking/nonprofit/) - [Nonprofit Checking](https://www.libertysavingsbank.com/banking/nonprofit/nonprofit-checking/) - [MMDA – Money Market Deposit Account – Nonprofit](https://www.libertysavingsbank.com/banking/nonprofit/mmda/) - [Visa Business Check Cards for Nonprofits](https://www.libertysavingsbank.com/banking/nonprofit/business-check-card/) - Home Loans - Home Loan Options - [Overview](https://www.libertysavingsbank.com/mortgages/mortgage-loans-2/) - [Apply Now](https://lsbmtg.mymortgage-online.com/?loanapp&siteid=6096984036&workFlowId=61437) - [Buying a Home](https://www.libertysavingsbank.com/mortgages/mortgage-loans-2/buying-a-home/) - [Home Equity Line of Credit - HELOC](https://www.libertysavingsbank.com/mortgages/mortgage-loans-2/home-equity-line-of-credit_heloc/) - [Refinancing a Home](https://value.libertysavingsbank.com/compare-and-save) - [Fixed Rate Mortgage](https://www.libertysavingsbank.com/mortgages/mortgage-loans-2/fixed-rate-mortgage/) - [Adjustable Rate Mortgage](https://www.libertysavingsbank.com/mortgages/mortgage-loans-2/adjustable-rate-mortgage/) - [Jumbo Loans](https://www.libertysavingsbank.com/mortgages/mortgage-loans-2/jumbo-loans/) - [Mortgage Calculators](https://www.libertysavingsbank.com/mortgages/first-home-buyers-guide/mortgage-calculators/) - [Senior Living](https://value.libertysavingsbank.com/senior-living) - First Home Buyers Guide - [Overview](https://www.libertysavingsbank.com/mortgages/first-home-buyers-guide/) - [Glossary of Mortgage Terms](https://www.libertysavingsbank.com/mortgages/first-home-buyers-guide/glossary-of-mortgage-terms/) - [Financing Process](https://www.libertysavingsbank.com/mortgages/first-home-buyers-guide/financing-process/) - [What is Refinancing?](https://www.libertysavingsbank.com/mortgages/first-home-buyers-guide/purchasing-or-refinancing/) - [Frequently Asked Questions](https://www.libertysavingsbank.com/mortgages/first-home-buyers-guide/frequently-asked-questions/) - [Mortgage Calculators](https://www.libertysavingsbank.com/mortgages/first-home-buyers-guide/mortgage-calculators/) - [Home Loan Teams](https://www.libertysavingsbank.com/mortgages/mortgage-loan-officers/) - [Overview](http://libertysavingsbank.com/mortgages/mortgage-loan-officers/) - [Bradenton/Wildewood Home Loan Team](https://value.libertysavingsbank.com/wildewood-mortgage-team) - [Sarasota/Stickney Home Loan Team](https://value.libertysavingsbank.com/stickney-mortgage-team-1) - [Sarasota/Square South Home Loan Team](https://value.libertysavingsbank.com/square-south-mortgage-team) - [Lakewood Ranch/Home Loan Team](https://value.libertysavingsbank.com/lakewood-ranch-florida-mortgage-team) - [Venice/Home Loan Team](https://value.libertysavingsbank.com/jacaranda-mortgage-team-2) - [1098 Mortgage Interest Statement](https://www.libertysavingsbank.com/mortgages/1098-mortgage-interest-statement/) - [Personal Loans](https://value.libertysavingsbank.com/personal-loans-florida) - [Commercial/Business Loans](https://value.libertysavingsbank.com/commercial-business-lending) - Support - Getting Started - [About Online and Mobile Banking](https://www.libertysavingsbank.com/help/getting-started/about-online-and-mobile-banking/) - [Installing the Mobile Banking App](https://www.libertysavingsbank.com/help/getting-started/installing-the-mobile-banking-app/) - [Accessing the Online Banking Site](https://www.libertysavingsbank.com/help/getting-started/accessing-the-online-banking-site/) - [Logging In](https://www.libertysavingsbank.com/help/getting-started/logging-in-overview/logging-in-for-the-first-time/) - [Logging Out Overview](https://www.libertysavingsbank.com/help/getting-started/logging-off-overview/logging-off-voluntarily/) - The Homepage - [Using the Menu](https://www.libertysavingsbank.com/help/the-home-page/using-the-menu/) - [Viewing Accounts](https://www.libertysavingsbank.com/help/the-home-page/viewing-accounts/) - [Viewing the Sidebar](https://www.libertysavingsbank.com/help/the-home-page/viewing-the-sidebar/) - [Account Information on the Home Page](https://www.libertysavingsbank.com/help/the-home-page/account-information-on-the-home-page/) - [Account Details Overview](https://www.libertysavingsbank.com/help/the-home-page/account-details-overview/) - Online Activity - [Creating Custom Views in the Online Activity Center](https://www.libertysavingsbank.com/help/online-activity/creating-custom-views-in-the-activity-center/) - [Sorting Transactions in the Online Activity Center](https://www.libertysavingsbank.com/help/online-activity/sorting-transactions-in-the-activity-center/) - [Viewing Transaction Details in the Activity Center Overview](https://www.libertysavingsbank.com/help/online-activity/viewing-transaction-details-in-the-activity-center-overview/) - [Copying A Transaction](https://www.libertysavingsbank.com/help/online-activity/approving-transactions/) - [Sending a Message About a Transaction in the Activity Center](https://www.libertysavingsbank.com/help/online-activity/sending-a-message-about-a-transaction-in-the-activity-center/) - [Printing Transaction Details from the Activity Center](https://www.libertysavingsbank.com/help/online-activity/printing-transaction-details-from-the-activity-center/) - [Exporting by Transaction Type in the Activity Center](https://www.libertysavingsbank.com/help/online-activity/exporting-by-transaction-type-in-the-activity-center/) - Personal Banking - [Enrolling for Financial Tools](https://www.libertysavingsbank.com/help/personal-banking/enrolling-in-cpfm/) - [Classic Bill Pay](https://value.libertysavingsbank.com/libertycard-onfile-and-instapay) - [Depositing a Check on Your Mobile Device](https://www.libertysavingsbank.com/help/personal-banking/depositing-a-check-on-your-mobile-device/) - [Managing Manual Accounts](https://www.libertysavingsbank.com/help/personal-banking/managing-manual-accounts/) - [Financial Tools: Using PFM Widgets](https://www.libertysavingsbank.com/help/personal-banking/using-pfm-widgets/) - Business Banking - [Canceling Pending Transaction](https://www.libertysavingsbank.com/help/business-banking/canceling-pending-transaction/) - [Approving Transactions](https://www.libertysavingsbank.com/help/business-banking/approving-transactions/) - [Explainer Videos](https://www.libertysavingsbank.com/help/explainer-videos/) ![FDIC Logo](https://news.libertysavingsbank.com/hubfs/logo-fdic.svg) FDIC-Insured - Backed by the full faith and credit of the U.S. Government # News & Insights [Home](https://www.libertysavingsbank.com/) News & Insights ## How to Get a Loan from the Bank ![](https://news.libertysavingsbank.com/hubfs/pexels-karolina-grabowska-4968636.jpg) Here’s the reality: nearly 8 in 10 American adults will take out a loan in their lifetime—be it a mortgage, auto loan, personal loan, or something else entirely. That’s millions of people stepping into a financial contract that could make or break their future. And yet...most of us walk into the process completely unprepared. Related Page: [UNDERSTANDING LENDER REQUIREMENTS FOR PERSONAL LOANS](https://news.libertysavingsbank.com/blog/understanding-lender-requirements-for-personal-loans) I’ve seen it firsthand. People show up to their bank with high hopes and walk out confused, disappointed—or worse, rejected. Not because they didn’t qualify. But because they didn’t know how it worked. You're about to learn how to approach a loan like a pro: with confidence, strategy, and the kind of clarity that can save you thousands of dollars and hours of headaches. Let’s break it all down—step by step, with no fluff, no jargon, and no lectures. Just real talk from someone who’s seen both sides of the desk. ## Understanding Bank Loans: The Basics You Actually Need Let’s strip this down. A bank loan is money you borrow, agree to pay back over time (with interest), and commit to in writing. But not all loans—or banks—are created equal. ### Here’s what separates them: - **Secured vs. Unsecured** A secured loan uses something you own (like a car or house) as collateral. If you don’t pay? The bank can take it. An unsecured loan (like a personal loan or credit card) doesn’t use collateral—but it usually has higher interest rates. - **Fixed vs. Variable Rates** Fixed means your interest rate stays the same. Variable can go up or down with the market. Know what you’re signing up for. - **Term Length** Shorter terms mean higher monthly payments but less interest paid over time. Longer terms = lower payments but more interest in the end. - **Repayment Schedule**  Monthly is standard, but some loans (like HELOCs or balloon loans) work differently. Don’t assume—ask. Key takeaway: *Always understand what you're signing before you chase that “approved” stamp.*   ## Step 1: Define What You Really Need *(Not What Sounds Good)* Don’t start with the loan. Start with your why. ### Ask yourself: - What am I borrowing this money for? - How much do I really need? - Will this loan increase my long-term financial health—or just put a band-aid on a bigger problem? ### Examples: - If you're buying a car, look at total cost of ownership—not just sticker price. - If you’re consolidating debt, make sure the interest savings are worth it. - If you’re renovating your kitchen, ask: Will this increase my home’s value or just drain my wallet? Pro tip: *Only borrow what you need—and what you can comfortably pay back.*   ## Step 2: Check Your Credit—And Actually Understand It Your credit score is the gatekeeper. - **750 and up**? Banks will roll out the red carpet. - **650-749?** You’re solid, but expect more questions. - **Below 650?** You’ll need a strong case—or a cosigner. ### But credit isn’t just a number. Banks look deeper: - **Payment history** – Did you pay on time? - **Credit utilization** – Are you maxing out cards? - **Length of credit history** – How long have you been borrowing? - **Credit mix** – Do you have a healthy variety? - **New credit inquiries** – Too many can spook lenders. ### Where to check it? - Get your free report at[AnnualCreditReport.com](https://www.annualcreditreport.com/) - Use tools like Credit Karma or your bank’s app to monitor your score Fix any errors ASAP. One wrong account could tank your approval odds.   ## Step 3: Know Your Numbers *(Income, Debt, Ratios & More)* The bank wants proof that you can pay them back. Plain and simple. ### Key financial metrics they’ll check: - Gross monthly income - Monthly debt payments (credit cards, car loans, etc.) - Debt-to-Income Ratio (DTI) – ideally under 36%, max of 43% - Employment history - Assets (cash, investments, property) Tip: *Print out a clean, easy-to-read personal budget. It shows you're serious—and it helps you feel in control.*   ## Step 4: Choose the Right Type of Loan Here’s a cheat sheet: | Loan Type | Best For | Considerations | | --- | --- | --- | | [Personal Loan](https://value.libertysavingsbank.com/personal-loans-florida) | Medical bills, debt consolidation | Higher interest rates if unsecured | | Auto Loan | Buying a car | Vehicle is collateral | | [Mortgage](https://www.libertysavingsbank.com/mortgages/) | Buying a home | Complex, but best rates | | [Home Equity Loan/HELOC](https://www.libertysavingsbank.com/mortgages/mortgage-loans-2/home-equity-line-of-credit_heloc/) | Renovations, large expenses | Tied to your home’s value | | Business Loan | Starting or expanding a business | Requires solid business plan | Choose a loan that matches your goal—not just what’s easy to apply for.   ## Step 5: Shop the Right Banks *(Yes, They’re Very Different)* Not all banks play by the same rules. - Big banks offer convenience but can be strict. - Credit unions often have lower rates and more flexibility. - Community banks (like [Liberty Savings Bank](https://www.libertysavingsbank.com/)!) offer personalized service and may say yes when others say no. - Online lenders offer speed, but sometimes less transparency. ### Compare at least 3 offers. Look beyond the interest rate: - Are there origination fees? - Can you pay off early without penalty? - Is customer service responsive?   ## Step 6: Gather the Right Documents Banks love paperwork. Be ready with: - Government-issued ID - Recent pay stubs (last 30 days) - W-2s or tax returns (last 2 years) - Bank statements (last 2–3 months) - Proof of residence (utility bill, lease) - Credit report (they may pull this) If you're self-employed, bring profit & loss statements, 1099s, and maybe even a letter from your CPA. The more organized you are, the faster the approval.   ## Step 7: Submit Your Application the Smart Way When you’re ready, apply strategically: - Choose the loan officer or bank with the best fit. - Submit everything at once to avoid delays. - Be transparent. Hiding bad info only backfires. - If you're unsure, ask questions before you apply. Don’t shotgun your application to 10 lenders at once. Too many hard inquiries = lower credit score. Tip: *Ask if the bank offers “pre-qualification” or “pre-approval” with a soft credit pull.*   ## Step 8: Respond Quickly & Confidently Once your app is in, the bank might: - Ask for more documents - Call your employer - Schedule a property appraisal (for mortgages or secured loans) Be responsive. Every delay risks your rate, your approval—or both. If they ask for clarification, don’t panic. Just answer directly and provide documentation.   ## Step 9: Understand the Offer Before You Say Yes Here’s what to check: - **Interest Rate (APR)** – The true cost of borrowing - **Monthly Payment** – Does it fit your budget? - **Total Repayment Amount** – What’s the grand total? - **Fees** – Origination, late payment, prepayment, etc. - **Loan Term** – Are you committing for 3 years? 10? Ask yourself: *Is this loan helping me... or just costing me?* Don’t be afraid to negotiate. Sometimes you can shave off a point or waive a fee—especially with community banks.   ## Step 10: Close the Loan & Manage It Like a Boss You’re approved—congrats! But you’re not done. - Sign carefully. Read everything. - Set up automatic payments to avoid late fees. - Track your payoff progress. - Keep all loan documents in one place. - Make extra payments when you can. And above all? Communicate. If life hits hard and you can’t pay, call your lender before you miss a payment. Most will work with you—if you’re proactive.   ## What to Do If You’re Denied *(And How to Bounce Back)* Rejection stings. But it’s not the end. ### Here’s what to do: 1. Ask why you were denied. Banks must tell you. 2. Fix the issue. Maybe it’s a credit score, DTI, or income gap. 3. Explore alternatives: - Try a credit union or community bank 1. - Apply with a co-signer 1. - Look into secured loans 2. Build your profile: - Pay down debt 1. - Increase income 1. - Correct credit report errors Then reapply with confidence. ## Borrowing Powerfully, Not Passively Getting a loan from the bank isn’t just about filling out paperwork. It’s about knowing what you want, what you can afford, and how to present yourself in the best light possible. Whether you're buying your first car, consolidating debt, or finally launching that business you've dreamed of—this process can work for you. Not against you. Just follow the steps. Stay organized. Ask questions. And treat your loan like what it really is: a powerful financial tool that you control. [![Blog CTA](https://news.libertysavingsbank.com/hs-fs/hubfs/Blog%20CTA.png?width=600&height=200&name=Blog%20CTA.png)](https://value.libertysavingsbank.com/online-banking-consultation)   #### Subscribe to our blog *“*They are a hands-on company and have been there every step of the way.*”* **TOM – Local Sarasota Liberty Customer** ## *You can trust liberty* ## Liberty has hundreds of ★★★★★ reviews. Backed by the FDIC. Bauer recommended. [Find out More](https://www.libertysavingsbank.com/★★★★★-rating-by-bauer-financial/) [![Liberty Savings Bank](https://news.libertysavingsbank.com/hubfs/Liberty_Savings_Bank_June2019/Images/logo.png)](https://www.libertysavingsbank.com/) ### YOU CAN TRUST LIBERTY ![SRQ-generic-02](https://news.libertysavingsbank.com/hs-fs/hubfs/SRQ-generic-02.png?width=192&height=178&name=SRQ-generic-02.png)   ### Additional Links - [Testimonials](https://www.libertysavingsbank.com/testimonials/) - [Case Histories](https://www.libertysavingsbank.com/case-histories/) - [FAQs - Frequently Asked Questions](https://www.libertysavingsbank.com/faqs-frequently-asked-questions/) - [Pricing - Checking and Savings Accounts](https://www.libertysavingsbank.com/pricing-checking-and-savings-accounts/) - [Fraud and Security Awareness](https://www.libertysavingsbank.com/fraud-and-security-awareness/) - [Careers](https://recruiting.paylocity.com/recruiting/jobs/List/5189/Liberty-Savings-Bank-FSB) - [Terms and Conditions](https://www.libertysavingsbank.com/terms-and-conditions) - [Privacy Notice](https://www.libertysavingsbank.com/privacy-notice/) - [News & Insights](https://www.libertysavingsbank.com/news-insights/) - [ATM Locations](https://www.libertysavingsbank.com/atm-locations/) - [Existing Mortgage Loans](https://www.libertysavingsbank.com/existing-mortgage-loans/) - [2026 Personal Fee Schedule](https://www.libertysavingsbank.com/wp-content/uploads/2025/12/2026-Personal-Fee-Schedule.pdf) - [2026 Business Fee Schedule](https://www.libertysavingsbank.com/wp-content/uploads/2025/12/2026-Business-Fee-Schedule.pdf) - [★★★★★ Rating](https://www.libertysavingsbank.com/%e2%98%85%e2%98%85%e2%98%85%e2%98%85%e2%98%85-rating-by-bauer-financial/) - [Florida Personal Loans Guide](https://value.libertysavingsbank.com/florida-personal-loans-101) - [Bradenton Florida Guide](https://value.libertysavingsbank.com/bradenton-florida-guide) - [Sarasota Florida Guide](https://value.libertysavingsbank.com/sarasota-florida-guide) - [Venice Florida Guide](https://value.libertysavingsbank.com/venice-florida-guide) - [CRA Public Information](https://www.libertysavingsbank.com/wp-content/uploads/2025/07/CRA-Public-File-07.01.25.pdf) - [Ohio Homebuyer Plus](https://value.libertysavingsbank.com/ohio-homebuyer-plus-savings-account-waitlist) - [Helpful Disaster Relief Information](https://www.libertysavingsbank.com/helpful-disaster-relief-information/) ![footer housing icons](https://news.libertysavingsbank.com/hs-fs/hubfs/footer%20housing%20icons.png?width=163&name=footer%20housing%20icons.png) Optimized for ADA accessibility using W3CAG 2.0 guidelines. APY= Annual Percentage Yield Copyright © 2023, Liberty Savings Bank, F.S.B., Member FDIC, Equal Housing Lender, NMLS #408905, All Rights Reserved. ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Bill Rieger", "url" : "https://news.libertysavingsbank.com/blog/author/bill-rieger" }, "dateModified" : "2025-05-14T10:45:00.536Z", "datePublished" : "2025-05-14T10:45:00.000Z", "headline" : "How to Get a Loan from the Bank", "image" : [ "https://news.libertysavingsbank.com/hubfs/pexels-karolina-grabowska-4968636.jpg" ], "mainEntityOfPage" : { "@id" : "https://news.libertysavingsbank.com/blog/how-to-get-a-loan-from-the-bank", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "/hs/hsstatic/content_shared_assets/static-1.4091/img/vast.png" }, "name" : "Liberty Savings Bank" } } ```