New Delhi, Feb. 14 -- Personal loans are a popular way of borrowing temporary funds to pay for unexpected expenses. These loans offer instant disbursement and do not require collateral. Thus, even if you do not have an asset, you can apply for a personal loan and fulfill your financial needs.

If you need Rs.10 lakh and are thinking of borrowing a personal loan, you must know the documents and eligibility criteria for the same so that you can explore different options and get the best deal for yourself.

Note: The eligibility criteria may vary depending on your overall credit profile. Hence, for the latest updates visit your desired bank's website.

Nationality: You must be an Indian citizen.

Age requirement: Minimum 21 years at the time...