Hello friends, I welcome you all to today’s article. Friends, we will give you information about how to take loan using Aadhar card. Friends, in daily life a common man faces shortage of money, that is why he takes the help of personal loan. Today, taking loan is not as difficult as before. You can take loan sitting at home with the help of just a few documents. If you have Aadhar card, then you can easily get a loan. Aadhar card is an important document in India, that is why almost all citizens have it.
To take a loan using your Aadhaar card, you need to go to the website and apply. After that, you can take your loan amount from the nearest Aadhaar card center. If you also want to take a loan using your Aadhaar card, then in today’s article, we will tell you all the details about it in detail so that you can easily take a loan using your Aadhaar card and avail its benefits. But for this, you will have to read this article carefully till the end.
How to take a loan from loan apps that provide Aadhar card loans?
If you want to take a loan from the Aadhar Card Loan App, then for this you will have to follow all the processes mentioned below step by step, which will be of this type –
- To take a loan using Aadhar card, first of all you will have to download and install the Loan App on your mobile phone.
- After installation, you will have to open this app and register by filling your personal information.
- After that you will have to setup your profile in which you will have to fill your name, pet, date of birth and any other necessary information.
- After that you will have to upload proof of your identity and address like Aadhar card, PAN card, driving license etc.
- You will need to select the loan amount and repayment period based on your needs. After filling in all the details correctly, you will need to submit the loan application.
- After that your application will be processed and if everything is found correct then the loan will be disbursed.
- Once the loan is approved, the loan amount will be transferred to your bank account. EMIs will be paid on time as per the chosen tenure.
A stable internet connection and all the necessary documents are required to complete this process. If you are using these loan apps and see some changes in the steps, then do not worry, you just have to read the instructions on the screen and submit the application so that you can get the loan easily.
Interest Rate on Aadhar Card Loan App
- Loan apps typically charge an annual interest rate of 10% to 36%. Some apps can charge even higher interest rates, such as 49%.
- A processing fee of 1% to 5% may be charged for processing the loan, which is deducted from the loan amount. Failure to make timely payments may result in a late payment charge of 2% to 4% per month.
- 18% GST is also applicable on processing fees and other charges.
- If you want to repay the loan before time, some apps charge foreclosure charges which can be 2% to 4% of the loan amount.
conclusion –
Friends, in today’s article, we have given you information about how to take a loan using Aadhar card. We have explained its complete online application process in detail so that you can easily take a loan with the help of your Aadhar card while sitting at home and can also get its benefits. Friends, if you all liked today’s article, then do share this article.