New Delhi, June 26 -- If you are a borrower seeking an instant personal loan of up to Rs.5 lakh then due to the technological advancements you can now enjoy faster and seamless approvals.

Still, these approvals are subject to you providing the essential documents and meeting the basic eligibility criteria as laid down by the lending institution. Several banks and NBFCs are now streamlining this process with minimal paperwork and quick digital disbursal.

Personal loans are unsecured credit provided by banks and other financial institutions to meet urgent needs such as medical bills, education, travel, or debt consolidation.

No collateral is required for personal loans and the disbursal of funds is quick if the required documents are pro...