Hello friends, I welcome you all in today’s article. Friends, I will give you information about how to take loan using Aadhar card. Friends, everyone needs more money immediately at some point of time, hence Aadhar card can prove to be very helpful in fulfilling the money need. With the help of your Aadhar card, you can take an instant loan of Rs. 50,000 without mortgaging anything.
You will not even need to submit many documents to take a loan and you will get the loan easily. If you also need money immediately then in today’s article we will tell you how you can take a loan from your Aadhar card. But for this you will have to read this article carefully till the end. 
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 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 for aadhar card loan
- aadhar card
- pan card
- Voter ID
- Driving License
- address proof
- Salary slip of last 3 months
- Bank statement for last 6 months
- Passport size photo
How to take loan through Aadhar card?
- To take a loan through Aadhar card, first of all you will have to go to the official website of the bank from which you want to take the loan.
- You will have to open the personal loan option on the home page of the official website and click on the apply option.
- After that a form will open here in which you will have to fill important information correctly like your name, date of birth, income, Email Id, Aadhar Card number.
- After filling in all the information, the related documents will have to be uploaded and after that you will have to click on submit option.
- After that you will have to choose the loan amount and duration and after that you will have to click on the submit option.
- The bank/financial institution will verify your application and documents. If you are eligible for a loan, you will get the approval and you will receive a message on your mobile.
- However, if you are not eligible then your loan application will be rejected.
Benefits of taking loan through Aadhar card
- Instant loan ranging from Rs 10,000 to Rs 5 lakh can be obtained through Aadhar card. The process of applying for a loan is very simple and easy.
- The loan amount is transferred to your bank account within 24 hours. You do not need to pledge any of your assets to avail the loan.
- Like any other loan, there is no need to submit extra documents.
- There is a time limit of up to 8 years to repay the loan amount.
- There is no need to pay any hidden charges for the loan. The instant loan gets approved.
- If your credit score is good then you can get loan at low interest rate.
Interest rate on loan through Aadhar card
This is a non-secure loan in which you do not need to keep any asset as collateral nor do you need any guarantor. Hence the interest rate of this loan is slightly higher than other loan rates. The interest rate can be different in different banks/financial institutions. In this, the interest rate generally ranges from 14% to 19% per annum. However, the interest rate also depends on the applicant’s CIBIL score, market condition, loan amount, loan tenure, ability to repay the loan amount.
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 personal 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.