However, with limited knowledge of financial products, he is not sure of how to go about it. Tarun is not alone. Many people like Tarun find it difficult to comprehend financial products in terms of features, benefits, eligibility requirements, and needed documents. If you too are in the same spot, then this article is for you. Here is a step-by-step guide to obtaining an unsecured personal loan. But before we get going, let us first understand what an unsecured personal loan is.