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But with an online loan, you can apply from anywhere. If you are considering taking out a loan, it is important to carefully research your options and choose a lender that is reputable and transparent.
Avoid applying for new credit unnecessarily: Each time you apply for credit, it generates a "hard inquiry" on your credit report, which can slightly lower your credit score. Banks may also have more stringent eligibility requirements than other types of lenders, which could make it harder for some borrowers to qualify for a loan.
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