In today’s era, money has become a very important thing. Money is necessary to fulfill the basic needs of every person. If you are going through some kind of financial problem and need money immediately, then you can get a loan through your Aadhar Card without any hassle. In this article we will tell you how you can take loan at home only with the help of Aadhar Card.
How much loan can one get from Aadhar Card?
Through Aadhar Card you can take a loan ranging from Rs 5 thousand to Rs 10 lakh. This depends on your eligibility and credit score. Banks and financial institutions approve your loan on the basis of your financial profile.
For what period can one get loan from Aadhar Card?
The repayment tenure of loans availed through Aadhar Card can range from 3 months to 60 months. This also depends on your eligibility and your loan amount.
How much interest will be charged on loan from Aadhar Card?
Before taking a loan, it is very important to know how much interest will be charged. Annual interest rates ranging from 10% to 22% can be charged on loans obtained through Aadhar Card. This interest rate is decided on the basis of your credit score and repayment capacity.
Who can take loan from Aadhar Card?
- Recruited Citizen: You must be a Recruited Citizen.
- Age Seema: Your age should be at least 18 years.
- Aadhar Card: You must have a valid Aadhar Card.
- Bank Account: You must have an active bank account.
- Source of Income: You should have some source of income, whether you are salaried or self-employed.
Documents required for loan from Aadhar Card
- Aadhar Card: To apply for the loan you only have to submit your Aadhar Card.
- Bank Account Details: The loan amount is transferred to your bank account, hence active bank account is required.
- Selfie: At the time of applying for the loan you have to upload a recent selfie.
Benefits of taking loan from Aadhar Card
- Less Documents: Loan can be availed only through Aadhar Card.
- Large Loan Amount: You can take a loan up to Rs 10 lakh.
- Home Loan: Loan can be obtained through online application without going anywhere.
- Instant Approval: Your loan is instantly approved and sent to your bank account.
- Paperless Process: The entire process is digital and there is no paperwork of any kind.
Method of applying loan through Aadhar Card
- Go to Google Play Store or Website: First of all you have to go to the website or app of any financial institution or NBFC.
- How to Verify Mobile Number: After entering the mobile number, OTP has to be verified.
- Personal Details: Enter Name, Birthday, Gender, and Marriage Status.
- Enter Income Details: Fill your monthly income and employment type.
- Address Enter: Your complete address and pin code in India.
- How to Upload Aadhar Card: Upload front and back photo of Aadhar Card.
- Enter Bank Account Details: Enter your bank account details to get the loan amount.
- How to Wait for Loan Approval: After your details are verified, the loan is approved and credited directly to your account.
Best Apps and Banks for Loan from Aadhar Card
- Bajaj Finserv
- CreditBee
- MoneyTap
- PaySense
- EarlySalary
- Indiabulls Dhani
- HDFC Bank Personal Loan
- ICICI Bank Instant Loan
- SBI Personal Loan
- Axis Bank Personal Loan
Pay attention to taking loan from Aadhar Card.
- Stay safe from loan scam: Take loan only from trusted and registered financial institutions.
- Understanding Interest Rates: Before taking a loan, understand its interest rate and processing fees.
- Making a Repayment Plan: Before taking the loan, analyze your repayment capacity so that the EMI does not become heavy.
- Terms & Conditions to be read: Before taking the loan, read the following terms and conditions carefully.
Taking loan from Aadhar Card has become a very easy and safe method in today’s time. Through this, one can get a home loan without any paperwork. If you need any kind of personal or emergency fund, then through Aadhar Card you can take loan without any worry. But keep in mind that loan is a responsibility, so take only as much loan as you can easily repay.
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