How to get personal loan on Aadhaar Card?
If you are looking to avail a personal loan online, you may come across various phrases like, ‘personal loan on Aadhar card’, ‘Aadhar card loan’, ‘small cash loan on Aadhar card’, ‘instant loan on Aadhar card’, ‘get loan on Aadhar card’, and more. It is important to note that merely having an Aadhar card will not get you a personal loan. Although having one will help you get a loan more quickly.
While availing a personal loan, any financial institution will require you to submit a particular set of documents. These documents form a part of the Know Your Customer process, commonly referred to as the KYC process. It is a mandatory exercise that an applicant has to undertake to help verify the identity of the individual.
Did you know having an Aadhar Card can help you get a personal loan?
At Finnable, you can avail a personal loan by furnishing the required documents like your Aadhar card, PAN card, and salary slips or bank statements that show salary deposits.
The process to avail a loan with an Aadhar card is quick and simple for those who wish to get a personal loan within a short time frame without the hassle of submitting too many documents.
Benefits of a personal loan with your Aadhar Card
There are various benefits of applying for a loan through your Aadhar card:
- Simple documentation: Getting a loan on an Aadhar Card means one document acts as proof of identity and address.
- High loan amount: We at Finnable, provide loans of up to Rs. 10 lakhs as a personal loan on Aadhar card.
- Quick approval and disbursal: Our process is quick and you can receive the loan amount within 6 hours of approval.
- 100% secure: Our process is fully secure.
- Flexible tenure: The tenures on loans availed through an Aadhar card can be up to 60 months.
Get an instant loan on Aadhar card with Finnable
The eligibility criteria to apply for a loan on an Aadhar card is similar to the eligibility of a personal loan. The applicant needs to be a citizen of India, between the age group of 21-60 years, and an Indian citizen.
At Finnable, applying for an instant loan on an Aadhar card is simple.
- You need to create your profile on Finnable by filling in the required personal information. You can do this either on our website or app.
- Upload your KYC documents which includes address and identity proof, PAN card and your salary details. An Aadhar card can act as an identity and address proof, thus reducing multiple paperwork.
- Select the product: Select the type of personal loan you require. You will also be required to enter the loan amount and tenure within which you wish to repay the loan. Once done, click on apply.
At Finnable, we aim to deliver quick personal loans to our customers. We have built products and processes to shorten disbursal time considerably. One of the key requirements for anyone availing a personal loan is the submission of KYC documents. This is when applying for a loan using your Aadhar card comes in handy. Being a document that can act both as identity proof and address proof, it reduces compliance requirements, thus making verification easier and the subsequent disbursal of the loan much faster.
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