Aadhaar card loans | Aadhaar card loans are a type of personal loan where your Aadhaar card acts as one of the primary documents for verification. These loans are quick and hassle-free, requiring minimal documentation. Financial institutions offer Aadhaar card loans to address urgent financial needs such as medical emergencies, education, or home renovation.
Aadhaar card loans Overview
Feature | Details |
---|---|
Loan Type | Personal Loan |
Document Required | Aadhaar Card |
Loan Amount Range | ₹10,000 to ₹2,00,000 |
Interest Rate | 10% to 24% |
Loan Tenure | 12 to 60 months |
Processing Time | 24 to 48 hours |
Application Mode | Online/Offline |
Eligibility | Indian residents above 18 years |
Aadhaar card loans Purpose
Aadhaar card loans aim to provide quick financial assistance for:
- Medical emergencies.
- Education fees.
- Debt consolidation.
- Home renovations.
- Travel expenses.
Aadhaar card loans Benefits
Minimal Documentation: Aadhaar card suffices for identity and address proof.
Quick Disbursal: Loans are processed within 24-48 hours.
Flexible Tenure: Repayment periods range from 12 to 60 months.
No Collateral Required: These loans are unsecured.
Online Application: Convenient digital application process.
Aadhaar card loans Eligibility
- Applicant must be an Indian resident.
- Age should be between 18 and 60 years.
- Stable source of income (salaried or self-employed).
- Valid Aadhaar card linked to the mobile number.
Aadhaar card loans Documents Required
- Aadhaar card (mandatory).
- PAN card.
- Passport-sized photograph.
- Income proof (salary slips or bank statements).
- Address proof (if not updated in Aadhaar).
Aadhaar card loans Loan Interest Rates
Aadhaar card loans | The interest rate for Aadhaar card loans typically ranges from 10% to 24%, depending on the applicant’s credit score, income, and loan amount. | Aadhaar card loans
Aadhaar card loans How to Apply
1. Online Application:
- Visit the lender’s website or mobile app.
- Fill out the application form with personal and financial details.
- Upload the necessary documents.
- Submit the application.
2. Offline Application:
- Visit the nearest branch of the lender.
- Fill out the loan application form.
- Submit the form along with the required documents.
Application Status
- After applying, you can track your application status online using the reference number provided.
- For offline applications, contact the lender’s branch or helpline.
Registration
- Create an account on the lender’s portal.
- Provide your Aadhaar-linked mobile number and email ID.
- Set up login credentials for future access.
Login
- Visit the lender’s website or app.
- Enter your registered mobile number and password.
- Access your loan account dashboard to view details.
Aadhaar card loans FAQ
1. Can I get a loan using only my Aadhaar card?
- Yes, but additional documents like PAN card and income proof may also be required.
2. What is the maximum loan amount I can get?
- You can typically avail up to ₹2,00,000, depending on eligibility.
3. Is there any collateral required?
- No, Aadhaar card loans are unsecured and do not require collateral.
4. How long does it take for the loan to get approved?
- Approval usually takes 24 to 48 hours if all documents are in order.
5. Can I apply for an Aadhaar card loan offline?
- Yes, you can apply by visiting the lender’s branch with the necessary documents.