New Delhi, Nov. 21 -- Applying for a new personal loan has become smoother and mostly digital across leading lending institutions of the country. Still, many aspiring applicants fail to furnish the requested details properly, which results in errors, delays and sometimes rejections of personal loan applications.

Here is a simple yet important guide to help aspiring personal loan applicants fill out their applications correctly in easy steps:

Before you start, focus on ensuring all the required basic paperwork is ready. Most of the lending institutions will request you to submit the following documents:

Having all these documents handy speeds up the borrowing process and helps avoid multiple follow-ups or glitches.

You should be clear ...