The traditional method of securing a $3,000 loan is to submit a loan application at your local bank. Most $3,000 loans will likely be used to finance education, vehicle purchases, or other expenses. Loans that are used for miscellaneous expenses are referred to as "personal loans." Personal loans generally have higher interest rates than other types of loans, since they are not backed by the government, like educational loans, or secured by collateral, in the case of a vehicle loan.

Step 1

Check your credit report. Before applying for a loan, applicants should request a copy of their credit report to assess their financial health. This gives potential applicants the ability to clean up a poor record or clarify any discrepancies that may exist. Applicants who have past due debts should promptly pay any amounts necessary to make their accounts current, since overdrawn accounts and past due bills may greatly hinder an applicant's ability to secure a loan or receive a reasonable interest rate. Applicants can request a free copy of their credit report from one of the three national credit reporting agencies through the website Annual Credit Report. See the "Resources" section for a link to the site.

Step 2

Select a bank to service your loan. Applicants should consider the interest rates and terms of the loan offered by a variety of banks before making a final decision. Applicants should start their research at their local bank or a bank at which they have established a credit history through a checking, savings, business or retirement account. Having an established relationship with a bank may help an applicant to secure more favorable interest rates and loan terms, since the bank has access to the applicant's banking history and habits.

Step 3

Apply for a $3,000 personal loan. Applicants can request an application at their local bank branch. In some cases, applicants may be able to complete a loan application online, if the bank provides an online application. The application will require the applicant to provide information about himself, such as his full name, address, date of birth, Social Security number, annual income and the amount and purpose of the loan requested. Most $3,000 loans will either be used for the purpose of a vehicle, educational expenses or "personal" expenses. It is important to state the intended purpose of the loan. Car loans, for example, may have better interest rates than personal loans since the loan can be attached to collateral, i.e. the car. Submit your completed loan application to your bank's representative. You will receive notice of your loan status once the bank processes your application.