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, everyone needs money immediately at some point of time, hence Aadhar card can prove to be very helpful to fulfill the money need. With the help of Aadhar card, you can get instant loan of up to Rs. 5 lakh without keeping anything collateral.
You will not even need to submit many documents to take a loan and you will get the loan easily. If you too are in urgent need of money, today’s article will explain the details so that you can easily take out a loan using your Aadhaar card and reap its benefits. However, you will need to read this article carefully until the end.
documents for aadhar card loan
If you want to take a loan using your Aadhaar card, you will have to apply online and follow the instructions. While applying online, you will need some important documents which are mentioned below and you must have them with you.
- Aadhar card
- Pan Card
- Bank account passbook
- Mobile Number
- address proof
- caste certificate
- income certificate
- passport size photo
Eligibility for Aadhar Card Loan
- The applicant taking loan using Aadhar card should be a citizen of India and the age of the applicant should be between 21 years to 60 years.
- The monthly salary of the applicant taking loan should be Rs 15 thousand or more and the CIBIL score should be 750 or more.
- Both employment and self-employment are eligible for this loan. The applicant should not be declared a defaulter by any bank.
- The Aadhaar card of the applicant taking loan through Aadhaar card should be active and the mobile number should be linked to the bank account.
How to take loan by Aadhar card 2025?
Friends, if you want to apply online for taking loan from your Aadhar card, then for this you will have to follow all the processes mentioned below step by step, which will be of this process –
- You will have to go to the official website of the bank from which you want to take a loan and open the Personal Loan section on the home page of the website and click on Apply.
- After that a form will open here in which you will have to fill important information correctly like your number, mobile number, Aadhar card, date of birth etc.
- After filling all the details correctly, you will have to upload the relevant document and after that you will have to click on the submit option.
- After that the bank/financial institution will verify your application and documents.
- If you are eligible for the loan, you will get approval and you will receive a message on your mobile. However, if you are not eligible, your loan application will be rejected.
Interest rate on loan through Aadhar card
This is a non-secured loan in which you do not need to pledge any property or guarantor, hence the interest rate of this loan is a little higher than other loan rates. The interest rate may vary from bank to bank/financial institution. Generally, the interest rate ranges from 145% to 195%, however, the interest rate also depends on the applicant’s CIBIL score, market situation, loan amount, loan tenure, loan repayment capacity.
conclusion –
Friends, in today’s article I have given you information about 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 while sitting at home and can also avail its benefits. Friends, if you all liked today’s article then please share this article.