When one wants to take on a loan, they can do so from multiple banks. There are also comparison websites that allow you to see various loan offers from each bank. Most of them use the annual percentage rate (APR) and the value of the down payment (10%, 15%, etc) as their main comparison criteria, but what about other characteristics of the loan offers?
What should one look for when selecting a loan offer from one bank or another? Should you just go for the bank that has the smallest APR? Go for the one that requires a minimum down payment? What are some good criteria to look at when selecting one loan or another?