How to Apply for Personal Loan using Aadhaar Card
How to Apply for Personal Loan using Aadhaar Card
With the advent of the Aadhaar Card and digitalization, it has become easier to apply for a Personal Loan online. You are only required to show your Aadhaar Card as KYC proof, and this single document is accepted by most banks and NBFCs nowadays as proof of identity, birth, address proof and citizenship. The following are the steps to apply for a personal loan with Aadhaar Card.
Step 1: Visit bank’s or financial aggregator websites to check and compare personal loan offers online.
Step 2: Fill in your details and the loan amount requirements.
Step 3: Submit your scanned Aadhaar Card and other documents online.
Step 4: Your application and the documents will go under a verification process.
Step 5: Once approved, the sanctioned loan amount will be credited to your bank account.
Eligibility Criteria for Aadhaar Card loan
The following are the eligibility criteria for personal loans that need to be fulfilled to qualify:
You need to be a resident of India to be eligible for a loan.
The applicant must be between the ages of 23 and 58 years.
The applicant must be working with a public/ private company or an MNC.
Documents Required for Aadhaar Card Loan
The following are a list of documents required to get a Personal Loan on Aadhaar Card
Passport-size photographs
Submit other KYC documents like Passport, PAN, Driving license, Voter’s ID
The bank account statements of the last 3 months
Benefits of Applying for Aadhaar Card Loan
Having an Aadhaar Card makes availing of a personal loan a lot easier. The following are the benefits of applying for a Personal Loan with Aadhaar Card:
Aadhaar Card gives you easy access to numerous loans and other financial services. The loan applicants are asked to provide Know Your Customer (KYC) documents, and Aadhaar Card is solid proof of your citizenship and identity.
This single document proves multiple things like an individual’s citizenship, age, photo, address, and identity.
Aadhaar Card helps with e-KYC (online verification process).
You can avail of Aadhaar Personal Loan at Bajaj Markets and get instant approval based on e-KYC.
You can apply for a personal loan on your Aadhaar card online at Bajaj Markets. The online personal loan application process is quite simple. Once the loan is approved, the loan amount is disbursed into your account. You can enjoy a higher loan amount with a personal loan and repay it over the flexible tenure. A personal loan helps you cover all kinds of financial obligations like paying for your higher education, wedding expenses, home renovation, medical emergency, and more.
How to Get a ₹50000 Loan on an Aadhar Card?
Here’s how you can get a Rs. 50,000 personal loan through your Aadhar Card:
Navigate to the website of the loan provider or download an instant loan application.
Register using your email address and mobile number that is linked to your Aadhar card for your address and ID verification process.
Complete your KYC proof process by entering your 12-digit Aadhar card number and your PAN card details.
You may also be required to submit a scanned copy of your Aadhar card and other documents related to your income.
After the completion of your verification process, the sanctioned loan amount will be disbursed to your bank account.
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