To avoid surprises, first understand the requirements of lenders and what you should expect when applying.
First decide how much you can borrow or if the amount that you request is reasonable, the lender might ask you how you intend to use the proceeds of the loan.
A $100,000 personal loan is most likely to be approved for those with great credit (720 and higher). The lender will likely offer the lowest interest to you.
Lenders want to see proof that your income is sufficient for loan repayments.
Proof of identity is required to prove that you are the person you claim to be. Your driver's licence, state-issued-ID, military ID or passport will suffice in most cases.
A utility bill, an insurance statement, a mortgage statement, a lease agreement, bank statement, or voter registration card will be required to prove your address.
A traditional bank or credit union can provide a personal loan of $100,000. Online lenders are also an option. Online lenders are often more flexible in lending criteria, offer loan options, and have a quick application process.
Most importantly, take a look at your budget to determine if you can comfortably afford to make the monthly loan payments or if you should apply for a smaller loan.
Some great streams of getting loan with low interest rate are LightStream and SoFi.