If you ask any Indian consumer, what is the best way to increase the chances of getting a loan from the bank? The maximum will say that by submitting your jewelry, house, or property as collateral or by having a prosperous relative/ friend as your guarantor for the loan. But it is no longer so. You can get a loan without submitting security or collateral from a bank or a financial institution. Most consumers are not aware of unsecured loans such as personal loans that require no collateral and also have low-interest rates. Learn how to get best interest rates on personal loan.