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How To Apply For A Personal Loan- What Do You Need? There is a large and ever increasing number of people in the country who apply for personal loans every year but it is interesting to note that a significant percentage of the applicants do not get the loans that they need. Contrary to what most people may have been led to believe, the rejections are not because the lenders do not want to give out money. In any case, the lenders make their money from the interest earned on loans and therefore it is in their best interest to give out as many loans as possible. This points to another reason that could be behind the rejections- wrong application procedure. The first thing you need to know before you even begin the loan application process is the documents required for personal loan application. Obviously, you will need to provide identification documents like passports, driving license or national ID. Since most personal loans are not granted without security, you will also need to provide the relevant documentations to support the security that you are setting up. These could be copies of title deeds if you have some real estate property that you are using as security of a copy of the vehicle logbook if you are using your car as security. The good news is that when you go to some of the best lenders in the country you do not really have to worry about understanding the loan application process or the documents required beforehand. This is because lenders like Mudra Home Loans will be more than happy to walk you through every step of the loan application process without even charging you any fees. Even if you do not have any properties to use as security, they will still be able to give you options like loans for salaried employees which will still allow you to access the loans.