Personal Loans do not need any collateral nor do they need a guarantor. This is not true for other loans such as a Home Loan, which involve a high amount of paperwork. Even then, BankBazaar has Home Loans with paperless approval where you can get your Home Loan approved quickly. With a paperless approval process, you can upload your documents online. Here’s a post with more information about our paperless process - https://blog.bankbazaar.com/all-about-the-paperless-initiative/.