Hello friends, welcome to this page. If you have landed on this page seeking information on how to apply for a loan using your Aadhaar card, then you have come to exactly the right place. In this article, we will explain how you can obtain a loan using your Aadhaar card. In today’s times, almost everyone faces financial shortages, often necessitating the need to turn to a personal loan for support. However, obtaining a loan has become significantly easier today compared to the past. You can now apply for a loan from the comfort of your home with the help of just a few documents.
If you possess an Aadhaar card, you can apply for a loan with ease. In India, the Aadhaar card is one of the most vital documents; therefore, it is essential for everyone to have one. To learn how to apply for a loan using your Aadhaar card, please read the complete article below.
Documents Required
If you wish to obtain an online loan using your Aadhaar card, you will need certain essential documents:
- Passport size photo
- Aadhar card
- Pan card
- Mobile number
- Bank account passbook
Read Also:- Breaking News! Get the Cheapest Personal Loan in Just 5 Minutes Now
Eligibility for a Loan via Aadhaar Card
If you apply for a loan using your Aadhaar card, the government has established certain eligibility criteria. If you fulfill these criteria, you can obtain a loan easily; the eligibility requirements are listed below:
- The applicant must be a citizen of India.
- The applicant’s age must be between 21 and 60 years.
- The applicant’s minimum monthly salary must be ₹15,000.
- The applicant’s credit score must be 700 or higher.
- The applicant’s name must not appear on the defaulter list of any bank.
- The applicant’s mobile number must be linked to their Aadhaar card.
How to get a loan using an Aadhaar Card?
If you wish to apply for an online loan using your Aadhaar Card, you must follow the steps outlined below:
- First, you need to visit your bank’s official website.
- Next, click on the ‘Loans’ option.
- Now, click on the “Personal Loans” option.
- A personal loan registration form will now open before you.
- Enter your Aadhaar Card number into the form and click on the ‘Send OTP’ option.
- Subsequently, you will receive an OTP on your mobile number. Enter this OTP and click on the ‘Verify’ option.
- As soon as you click on the ‘Verify’ option, your Aadhaar Card will be successfully verified.
- Following this, you must fill in your personal information and submit the form.
- The bank will then proceed to verify your Aadhaar Card and other supporting documents.
- Once the verification process is complete, your loan will be approved.
- The loan amount will be transferred directly into your bank account.
Hi, I’m Ronak, a news writer covering the latest updates in automobiles, education, smartphones, and trending topics. I focus on delivering simple, clear, and timely news to keep readers informed about what’s happening around the world.