The most important thing to look for is the fee structure. Generally, you can compare fees by looking at the lender’s APR, not the interest rate. The APR includes most fees that a lender may charge. If you only look at the interest rate, you’re not getting the full picture.

You should also consider the monthly payment to see if you can actually afford it. Getting a low interest rate sounds like a great idea until you find out that you have to pay back $5,000 in one year. It might be better to choose a longer loan term and pay a higher interest rate than to choose a loan with a payment you’re uncomfortable with.