Aadhar Card Loan?: Nowadays, taking a loan to meet financial needs has become a common thing. People resort to taking loans even for small needs. If you also need ₹ 10,000 urgently, then getting a loan through Aadhar card can be a convenient option. This process is very simple and you do not need any complex documents.
What is Aadhar Card Loan?
Aadhar card loan is a loan in which only your Aadhar card is sufficient for your identity and address proof. This loan is easily available through banks, finance companies, and mobile
How to get a loan of ₹ 10,000 from Aadhar card?
- Digital Loan Applications : Nowadays there are many digital loan apps and platforms that provide loans on Aadhar card without much paperwork. All you need to do is follow the following steps:
- Download a loan app (like Paytm, Navi, KreditBee etc.)
- Register with your mobile number and Aadhaar card
- Complete the KYC process (Aadhaar card verification)
- Choose the loan amount you need and apply
- Banks and Non-Banking Financial Companies (NBFCs) : You can also get a loan against Aadhaar card through a bank or NBFC. Banks and NBFCs recognize Aadhaar card as an identity proof for short-term personal loans.
- Online application process : Some banks and financial institutions offer loan against Aadhaar card through online application. In this process, you have to fill the following information:
- Aadhaar card number
- PAN card number
- Bank account details
After KYC verification, a loan of ₹10,000 is transferred directly to your account.
Features of Aadhar Card Loan
- Quick processing: The loan application process is very fast, and the amount is disbursed to your account quickly.
- Less paperwork: You only need an Aadhar card and PAN card.
- No guarantor required: No guarantor is required for this loan.
- Suitable for small loans: For small loans like ₹10,000, this process is the simplest and most convenient.
- Online availability: Aadhar card loan service is available on several online platforms, allowing you to avail a loan from anywhere.
Eligibility
- The applicant must be 18 years of age or above.
- Must have a stable source of income.
- Aadhar card and PAN card are mandatory.
Documents Required
- Aadhaar Card: Proof of Identity and Address
- PAN Card: Proof of Income and Financial Transactions
- Bank Account Details: To credit the loan amount
- Interest Rate and Repayment
Interest rates on Aadhaar card loans usually range from 1.5% to 2.5% per month, depending on your loan provider. You should ensure that you understand the interest rate and terms thoroughly before availing the loan. The repayment period can range from 30 days to 90 days, depending on the terms offered by the loan provider.
Benefits of Aadhaar Card Loan
- Fast Disposal: The loan processing is fast and can be credited to your account within a few hours.
- Apply from Anywhere: You can apply online from your mobile phone and get the loan.
- No Complex Process: The process is simple, so anyone will not have any difficulty in understanding it.
Disadvantages of Aadhar Card Loan
- Interest rates can be high: Some finance companies may charge high interest rates, so you should get complete information beforehand.
- Small loan amount: This type of loan is mainly for small amounts, so it may not be suitable for large financial needs.
Aadhar card loan is an easy and quick way to meet small financial needs like ₹10,000. It is ideal for those who need money immediately and want to avoid heavy paperwork. However, read the terms and interest rates carefully before taking the loan so that you do not face any kind of financial problem in future.
With Aadhar card loan, you can easily solve your small financial problems, provided you choose the right loan provider.
Important Links
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