Personal Loan with Aadhaar Card Only – Quick Apply

The need for funds can arise suddenly without notice and can create situations such as medical expenses or sudden travel bookings. To gather funds for such situations, individuals need a fast solution to cover emergency expenses.

Thanks to the high demand of individuals for their financial needs to be met in a short time, there are many financial institutions available for providing funds, and due to technological innovation, these financial institutions offer their services in digital form and simplified KYC norms, which makes acquiring funds an objective much easier than before.

One of the easiest ways of collecting funds is a Personal Loan With Aadhaar Card only, it is a very famous and emerging way of raising funds for individuals, where there is no excessive number of documents needed.

There are many banks, NBFCs, and other financial institutions that offer Personal Loans with Aadhaar Card Only, where the purpose of Aadhaar card usage is as both identity and address proof.

What is a Personal Loan With Aadhaar Card Only?

1. Benefit: Personal Loan With Aadhaar Card Only is a financial product offered by many financial institutions due to the high demand for individuals. Through this product, individuals can obtain funds without undergoing a lengthy documentation process by using their Aadhaar card as a verification document.

2. Why Only Adhaar Card: Because aadhaar card is linked with individuals biometric and demographic information, by using that lender or funds provider can easily verify the individuals identity on at online without need of any other documents, through that using aadhar card as document it eliminate the need of multiple documents which need before like voter id, pan card, utility bills etc.

3. Where it can be used: A personal loan with an Aadhaar card can be taken for any personal reason, such as medical expenses, home renovation, tuition fees, educational expenses, travel expenses, or a wedding ceremony.

Provider of Personal Loan With Aadhaar Card Only

Lender Name	Amount Range	Interest Rate	Repayment Duration
HDFC Bank	₹50,000 to ₹40 Lakh	10.50% onwards	12 to 60 months
ICICI Bank	₹50,000 to ₹25 Lakh	11% onwards	12 to 60 months
Bajaj Finserv	₹30,000 to ₹25 Lakh	12% onwards	12 to 84 months
Axis Bank	₹50,000 to ₹15 Lakh	11% onwards	12 to 60 months
Tata Capital	₹40,000 to ₹25 Lakh	11.25% onwards	12 to 72 months

Guide Blogs : Online Loan Scam Alert – How to Identify & Avoid Fraud

Eligibility Criteria for Personal Loan With Aadhaar Card Only

✅ You have to be at least 21 years old and no older than 60 years old

✅ Employment Type: Salary persons, self-employed individuals, business owners

✅ A minimum income requirement of 20k to 25k per month is required 

✅ Credit Score: 700 or above is preferred

✅ Work Stability: At least 1 year of work experience for a salaried person, 2 years of business continuity for self-employed individuals

Document Required

• Aadhaar card for primary KYC proof

• Many financial regulations require PAN cards.

• Copy of your last three to six month’s bank statement.
  
• Salary slips are typically available at least 2 to 3 months after the salary period.

• Income proof of self-employed individuals is ITR or business financials.

Conclusion

A Personal Loan With Aadhaar Card Only is an emerging way of applying for a personal loan due to the minimum documents needed if there is an Aadhaar card, fast processing, digital convenience, which helps to get funds to the people in a short time. These are reasons that attract people, especially those who need funds ina short time.

But remember, a Personal Loan With Aadhaar Card only helps in getting a small amount loan; for a large amount loan, income proof, or some other document will also be needed.

Frequently Asked Questions