New Delhi, April 17 -- A personal loan provides a convenient method of funding unexpected travel, house repairs, weddings, or doctor's bills. Through the provision of an easy online portal that connects borrowers with top Indian lenders, Livemint makes the loan application process simpler. A step-by-step guide on how to apply for one through Livemint will be covered here.

A personal loan is an unsecured loan without collateral that banks or other financial institutions provide. Borrowers can use the loan amount for any purpose without end-use restriction. Based on the lender's conditions, these loans have fixed interest rates and time intervals of repayment varying from a couple of months to a number of years.

Applying for a personal lo...