How to take Personal Loan using Aadhar Card

How to take Personal Loan using Aadhar Card: In today's time, Aadhar card is a very important document for us because without it we cannot take advantage of any scheme and subsidy. Even if we need a loan, it is very important for us to have an Aadhar card for that too. You can take a personal loan with the help of your Aadhar card. But now the question is, Aadhar Card Se Loan Kaise Le?

It is very easy to take a loan from Aadhar card. You will find many banks and loan institutions that can give you loan on Aadhar card. But let me tell you that loan approval also depends on other factors apart from Aadhar card. If you are thinking of taking a loan from Aadhar card then read this article till the end. Because in this article, I will tell you what is Aadhar card loan, how to take loan from Aadhar card and how much loan is available on Aadhar.

What is Aadhar Card Loan

Nowadays loan has become a necessity for everyone because the needs of people have increased. You too might want to take a loan to fulfill any of your needs. But many people think that just like a loan can be obtained from a credit card, similarly a loan can also be obtained from an Aadhar card. But, the reality is that there is no such bank or loan institution that can give you a loan only on Aadhar card.

Aadhar card is such an important document with the help of which we can take a loan by telling our identity. But for a loan, you have to fulfill many other conditions apart from Aadhar card. Therefore, be careful of misleading words like "Aadhar card loan", "loan on Aadhar card" or "personal loan on Aadhar card".

How to take loan from Aadhar card (Aadhar Card Se Loan Kaise Le)

As I told you that Aadhar card is a document used as an identity card. With the help of this document, you can tell your identity to a bank or loan institution and then get a loan by fulfilling their conditions. You can use the Aadhaar card to verify your identity or to avail the benefits of any government scheme and subsidy.

By the way, let me tell you that you can take a personal loan with the help of Aadhaar card in just a few minutes with the help of online apps, but these apps also check your CIBIL score. If your CIBIL score, your income and your documents are complete, then you can take a loan with the help of your Aadhaar card. Nowadays many banks and loan institutions give loans on the basis of your CIBIL score and identity.

Eligibility to take loan from Aadhar card

The eligibility to take loan from Aadhar card is as follows:

• The candidate must be a citizen of India.
• The minimum age of the candidate to take loan from Aadhar card must be 21 to 60 years.
• The monthly income of the candidate must be more than Rs 15000.
• The loan applicant must be in some job or business.
• The civil credit score of the candidate must be good to apply for the loan.
• The candidate must have an active bank account to apply for the loan.

Benefits of taking loan from Aadhar card

The following are the benefits of taking loan from Aadhar card:

• The process of taking loan from Aadhar card is completed quickly.
• Fewer documents are required to take loan from Aadhar card.
• Loan can be taken from Aadhar card at a low interest rate.
• You can apply for loan according to your needs.
• You do not need to go anywhere to take loan from Aadhar card, you can easily do this process online sitting at home.
• Loan from Aadhar card gets approved easily.
• Taking a loan with an Aadhar card is safe and it also keeps your personal information safe.
• You can choose the loan repayment period as per your convenience.

Documents required to take loan from Aadhar card

If you want to take loan from Aadhar card then it is very important for you to have the following documents.

• Aadhar card
• PAN card
• Residence certificate
• Bank statement
• Income certificate
• Passport size photo
• Current mobile number
• Email ID
• Other required documents

Who can take loan with Aadhar card

Aadhar card is just an identity card, it alone is not enough to take a loan, meaning you will also need other documents to take a loan. Actually, Aadhar card is used to verify your identity when you take a loan. If you have all the documents asked by the bank or loan institution, then you can apply for a loan.

But keep in mind that to take a loan, you have to fulfill some necessary conditions of the bank, such as your minimum age, regular income, credit score, residence certificate, bank account book etc. If you are a salaried person, self-employed person, pensioner then you can get a loan. Apart from this, farmers and students get a special type of loan with the help of some government scheme.

Fees charged for taking loan from Aadhar card

The interest rate on applying for loan from Aadhar card is up to 36%. In this, EMI is determined according to your selected loan tenure. In this, the processing fee of the loan amount is up to 2.5 - 3.5%. Apart from this, other charges may also be applicable according to different loan applications.

Interest rate on taking loan from Aadhar card

If you also apply for loan from any bank or financial institution through Aadhar card, then the interest rate of the loan ranges from 12% to 36% per annum. Its interest rate can also be decided on the basis of the civil credit score of the loan applicant. In this, the interest rate can also be determined according to their terms and conditions in different loan applications.

How to apply for loan with Aadhar card?

To apply for loan with Aadhar card, the following steps have to be followed:

First of all, you have to install any of the loan applications mentioned above from Google Play Store in your mobile.

After this, you have to sign in by entering the mobile number linked to the Aadhar card in the application.

In the dashboard of the loan application, you have to click on the option of personal loan.

Now a new page will open on your screen in which you will be asked for the necessary information which has to be filled carefully.

The loan limit will be offered by the loan application as per your eligibility.

Select the loan amount as per your capacity and click on the Apply Now button.

The application form for personal loan will open on your screen in which all the required information has to be filled carefully.

After this, complete the KYC process by entering the details of the Aadhar card.

After this your application process will be completed successfully.

After the loan is approved, you will be informed on your mobile number or email ID.

After the loan is approved, the loan amount will be transferred to your bank account.

How much loan can be taken on Aadhar card

I have already told you that you cannot take a loan with the help of Aadhar card only. If you need a loan, then you have to fulfill the conditions given by the bank or loan institution. By the way, let me tell you that if you take a personal loan with the help of an online app, then you can take a loan in a few minutes with the help of Aadhar card and some other documents.

This type of application can give you a personal loan of Rs 10,000 to 2 lakh instantly. But keep in mind that the interest rates of such loans are also high. Here I have told you about some such loan giving apps with the help of which you can take a personal loan with the help of Aadhar card and your credit score.

Aadhar Card Loan Apps

If you want to take a personal loan, but you do not have any document other than Aadhar card, then you can take a loan with the help of online loan apps. For this, your credit score should be good, and you should also be a job holder, businessman or pensioner. Let me tell you about some such loan apps from which you can take a loan from Aadhar card in just a few minutes.

• PhonePe
• Navi Loan App
• SmartCoin App
• Paytm
• Google Pay
• Money View
• Kist Loan App
• Dhani Loan App
• Kredit Bee Loan App

FAQs – Aadhar Card Se Loan Kaise Le

Let me tell you about some FAQs related to taking loan on Aadhar card which we have been asked by people.

Q1. How do I get a loan of Rs 10,000 from Aadhar card?

Answer: Yes, you can get a loan of Rs 10,000 on Aadhaar card, but for this you will also have to submit some other important documents, such as PAN card, income certificate, residence certificate etc. You can take a loan of up to Rs 10,000 with the help of online loan apps, such as MoneyView, mPokket, KreditBee, MoneyTap, PaySense, Dhani, Cashe, Bajaj Finserv etc.

Q2. How to take personal loan on Aadhaar card?

Answer: Yes, you can take personal loan with Aadhaar card, but you will also have to provide other KYC documents. Apart from this, your credit score should be more than 650, only then you will be able to get a loan with Aadhaar card.

Q3. How to take a personal loan of Rs 50,000 with Aadhaar card?

Answer: If you need a personal loan of Rs 50,000, then you can take a loan with the help of a bank, NBFC institution or online lending platform. Provided you should have sufficient documents and your credit score should also be good. Let me tell you about some popular online lending platforms like MoneyView, CredMudra, IIFL Finance, Paisabazaar etc.

Q4. How to take personal loan without salary slip?

Answer: If you want to take a loan with Aadhar card, then it is mandatory for you to give your salary slip. You have to give 6 months statement of your bank, only then you will get the loan.

Q5. Can you take personal loan without Aadhar card?

Answer: Yes, you can take personal loan even without Aadhar card, but for this you have to give all the other documents asked by the bank or loan institution, such as your other identity card, residence certificate and income certificate etc. But if you submit Aadhar card then you do not need to submit so many documents, because all these documents are linked to your Aadhar card.