Mumbai (Maharashtra) [India], January 4 (ANI/PNN): A personal loan is unsecured and can fulfill one's financial requirements in no time. Although availing of the loan is quick and easy today, knowing the personal loan eligibility beforehand will carry weight in the future process. With everything else being digitized, there's quite an evident advancement in availing of a Personal Loan. The feature that sets the process apart from the rest is- quick approval and disbursal. The other unique trait of these loans is that they can be used for any purpose without requiring any explanation. To begin with, a personal loan, as the name suggests, is an unsecured loan that prioritizes your privacy; you don't have to state your reasons while applying for these loans. Also, the demand for collateral is struck out. Over the years, you were availing of a personal loan from banks alone. Step up to the "minutes to loan" approach with just a click. Yes, e-loans/ paperless loans are