You can give collateral or remain on the forum and contribute on the forum for around 3 months and you will be eligible for a no collateral loan.
I don't want to say anything related to your feedback but at present situation it's impossible for you to get a no collateral loan.
I will totally disagree with that part because we have seen even higher ranks than that defaulting on a loan given to them and encouraging the bolded part signifies that the newbie can stay for three months and collect loan even without valid collateral. 3 months on the forum will at most get you Member rank which I feel is not enough to qualify for a collateral free loan.
I didn't mean that a newbie after staying on the forum for 3 months and asking for a no collateral loan will get a loan of whatever amount he's asking for.
What I meant was that he will get a no collateral loan but depending on his activity on this forum.