Aadhaar card loans : Loan up to Rs 50,000 will be available through Aadhaar card

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.

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