There are many places to seek loan and each of them has its rules and terms and conditions. If you are eyeing the financial institutions like banks to obtain loan, there is no way you won't be needing collateral to obtain loans from them. But if you are aiming at cooperative societies, you may not need collateral. And now there are some loan sood that do not require you to have collateral before they give you loan. They only need some documents from you before they can grant your loan application.