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What is the process for applying for a loan?
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The process for applying for a loan typically involves gathering the necessary financial documents, such as proof of income, bank statements, tax returns, etc., completing a loan application, and submitting it to the lender for review. You may also be required to provide a credit report. After the lender reviews your documents and determines your eligibility for a loan, you may be asked to attend an interview or submit additional information before the loan is approved. Once your application is approved, the lender will provide you with a loan agreement outlining the terms of the loan, including the interest rate, duration, and repayment schedule.