New Delhi, Dec. 19 -- Personal loans are among the easiest ways for borrowers to access funds. These loans can be approved within hours if the aspiring loan applicant meets the basic eligibility requirements.

The rapid approval of personal loans from reputable financial institutions primarily depends on the applicant's overall financial profile and their level of preparation before submitting the application.

Hence, if you plan to apply for a personal loan to meet essential requirements such as medical expenses, home renovation or foreign education, the following six factors can significantly improve your chances of a seamless approval.

Given that personal loans provide borrowers with quick liquidity, it is still essential to keep in m...