Hello friends, I welcome you all in today’s article. Friends, we will give you information about how to take loan using Aadhar card. Friends, nowadays taking loan has become much easier than before and a major reason for this is Aadhar card. Reserve Bank of India and various financial institutions have made Aadhar card an important part of the loan process. Now you can easily take loan without any security just through your Aadhar card. In today’s article, we will tell you all the details about this so that you can easily take a loan using your Aadhar card and avail its benefits. For this, you will have to read this article carefully till the end. 
What is Aadhar Card?
Aadhar card is an important document which was implemented by the Indian government in 2009. It is a common man’s identity, therefore the government is providing loan facility only on Aadhar card. Any common citizen can take loan using his Aadhar card and PAN card within 24 hours. There is less interest rate on taking loan using Aadhar card. Mainly, this facility has been started by the government for the poor and economically weak citizens of the country who need money immediately in some emergency.
What does it mean to take a loan using an Aadhar card?
Aadhar card is a unique identification card issued by the Indian government which contains your biometric and demographic information. Now many banks and NBFCS (Non-Banking Financial Companies) offer personal loans through Aadhar card. This means that if you have a valid Aadhar card then you can easily apply for a loan.
Documents required to avail loan through Aadhar Card
To get online loan from Aadhar card, you need some important documents, so it is necessary for you to have the following documents:-
- Aadhar card
- pan card
- Bank account statement
- mobile number
- Address proof
- income certificate
- Two passport size photographs
Benefits of Aadhar Card Loan
- You do not need to go to the bank to take a loan using the Aadhar card. You can apply online using your mobile or laptop.
- Some important documents are required to take a loan from Aadhar card. This is all done online due to which the loan gets approved and transferred quickly.
- Many financial institutions offer low interest rate on loans through Aadhar card.
- You get easy and flexible EMI option for repayment.
How much interest will be charged on taking loan through Aadhar card?
At present, not much loan is given through Aadhar card. Any citizen can get a maximum loan of Rs. 50,000. If we talk about the interest rate of the loan, then it is given immediately, the interest rate of which is also a little higher. If you want to take a loan through Aadhar card, then you will have to pay interest rate up to 12%. The most important thing is that it depends on your credit score. If your credit score is very good then you will have to pay very less interest and if your CIBIL score is bad then you may have to pay interest up to 15%.
How to take loan from card?
- To take a loan from Aadhar card, you will have to go to the official website of the bank.
- You can also apply for a personal loan using the bank’s mobile app. After that you will receive an OTP, which you will have to enter.
- After that you will get the option of Personal Loan and after that you will have to enter the loan amount and other important information.
- After that, you may also be asked for PAN card details, you will have to fill this also.
- All the information will be cross checked by the bank. After doing this, if your loan is approved, your loan will be transferred to your bank account.
conclusion –
Friends, in today’s article I have given you information that how to take loan using Aadhar card. I have told you about its complete online application process in detail so that you can easily take loan using your Aadhar card by applying online while sitting at home and can also avail its benefits. Friends, if you all liked today’s article then please do share this article.