Need a Personal Loan With Lowest Interest Rate? Get Quick Loans Without Pledging a Collateral Get personal loan without collateral: Not having any assets for pledging a collateral puts you in a hard situation while trying to get a loan. Most lenders are not willing to take higher risks and give out a personal loan without any form of security. This is especially very true in the case of the banks. In such situations, if you are not able to get a loan, it is sensible to be aware of all the other choices that are at your reach. But do remember that just because you do not provide any form of security does not mean the banks will reject your loan application straight away. They do look into some other factors that could act as indication of a credit worthy borrower and a safe person to deal with. These factors include your income over the past few years and the job longevity. One of the most important factor that would decide whether you get a personal loan is the job longevity. Even if your credit score is bad, some lenders do take your job profile into account and give away the loan. Private lending institutions: If your credit history has been hit by a lot of things in the past, getting an unsecured loan from the banks will be next to impossible. At such times, you must keep in mind that there are other lending places where you can get a loan with pretty good interest rate. Of course, you cannot expect an interest rate that is very low but they will indeed be helpful during emergency situations. There are plenty of private lenders operating online. You just need to make sure that the one you pick has garnered good credibility.