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Get a personal loan with your Aadhaar card and enjoy quick approval with minimal paperwork.
Your Aadhaar card serves as a vital document when applying for a personal loan. Issued by the Unique Identification Authority of India (UIDAI), it allows lenders to verify your identity instantly through e-KYC, reducing the need for multiple documents. This makes the process quicker and more convenient for borrowers seeking immediate access to funds.
A personal loan on an Aadhaar card is a type of unsecured loan where the Aadhaar card acts as your primary proof of identity and address. Unlike traditional loans that require extensive paperwork, this loan leverages UIDAI-based verification to make approval faster and more efficient. You can apply online and receive funds directly in your account once eligibility is confirmed.
Many lenders now use the UIDAI’s biometric authentication and digital database to extend loans.
Here are some of the lenders offering personal loans with Aadhaar card as ID proof:
Lender Name |
Interest Rate |
Minimum Amount |
Maximum Amount |
Max Tenure |
Bajaj Finance Limited |
Starting at 10% p.a. |
₹40,000 |
₹55 Lakhs |
Up to 8 years |
Aditya Birla Capital |
Starting at 13.50% p.a. |
- |
₹7 Lakhs |
Up to 5 years |
Kotak Mahindra Bank |
Starting at 10.99% p.a. |
₹50,000 |
₹40 Lakhs |
Up to 6 years |
Finnable |
Starting at 15.95% p.a. |
₹20,000 |
₹10 Lakhs |
Up to 5 years |
Federal Bank |
Starting at 12.75% |
₹50,000 |
₹5 Lakhs |
Up to 4 years |
L&T Finance |
Starting at 12% p.a. |
₹50,000 |
₹15 Lakhs |
Up to 4 years |
InCred |
Starting at 13.99% p.a. |
₹10,000 |
₹10 Lakhs |
Up to 5 years |
YES BANK |
Starting at 12.50% p.a. |
₹1 Lakh |
₹50 Lakhs |
Up to 6 years |
KreditBee |
Starting at 12% p.a. |
₹7,000 |
₹10 Lakhs |
Up to 5 years |
moneyview |
Starting at 1.33% p.m. |
₹30,000 |
₹10 Lakhs |
Up to 5 years |
Muthoot Finance |
Starting at 14.50% p.a. |
₹50,000 |
₹10 Lakhs |
Up to 5 years |
PaySense Partners |
Starting at 14% p.a. |
₹5,000 |
₹5 Lakhs |
Up to 5 years |
Piramal Finance |
Starting at 17.25% p.a. |
- |
₹6 Lakhs |
Up to 5 years |
Privo |
Starting at 9.99% p.a. |
₹2 Lakhs |
₹5 Lakhs |
Up to 5 years |
SMFG India Credit |
Starting at 12% p.a. |
₹50,000 |
₹25 Lakhs |
Up to 5 years |
Disclaimer: The above-mentioned information is subject to change as per changes in the financial institution’s policies.
In recent years, the introduction of Aadhaar-linked personal loans has made credit more accessible.
Here are the benefits you enjoy by getting a loan with your Aadhaar card:
Whether you need a low or high amount, personal loans with an Aadhaar card verification offer flexibility.
You can apply for the amount you need to finance various needs, such as education, medical bills, home improvements, etc.
When you get an instant personal loan with an Aadhaar card, you boost your chances of getting immediate access to funds.
Lenders can use the UIDAI number for quick processing and approval, meaning you won’t have to wait long for disbursal. This is ideal for urgent financial needs or emergencies..
Unlike secured loans that require collateral, Aadhaar card personal loans are collateral-free. This means you can borrow the funds without pledging any assets. This simplifies the process, as you do not need to risk your assets.
With varying loan tenures, such personal loans provide flexible repayment options. You can choose a plan that aligns with your budget and repay in manageable monthly instalments.
Online personal loans with Aadhaar cards generally come with attractive interest rates, making them more affordable. This ensures borrowing costs are kept low and helps you manage repayments more effectively without financial strain.
You typically need to meet the eligibility criteria for Aadhaar card-based personal loans. These include:
You need to be a resident of India to be eligible for a loan
You must be at least 21 years old
You must be working with a public/ private company or an MNC
You must have a stable income
You must have a high credit score
To apply for a personal loan using your Aadhaar card, you will need to submit some additional documents for verification.
Here is a list of commonly required documents:
| Document Type | Examples of Accepted Documents |
|---|---|
Identity Proof |
Passport, Voter ID, Driving Licence |
Address Proof |
Passport, Voter ID, Utility Bills (e.g., Electricity, Telephone) |
Income Proof |
Bank account statements for the last 3 months, Salary slips, Income tax returns |
KYC Documents |
PAN card, Passport, Voter ID, Driving Licence |
You can easily apply for a personal loan using your Aadhaar card through the Bajaj Markets website or app.
Here’s how you can apply:
Start by clicking on the ‘Apply Now’ button
Select your profession from the dropdown menu to specify your employment details
Provide your pin code and mobile number to help personalise the loan options for your location
Input the following details:
Name as per PAN card
PAN
Email ID
Gender
Date of birth
Enter the following employment-related information:
Employer/company name
Employer category (salaried or self-employed)
Net monthly salary
Salary credit mode (Cash or Bank)
After entering all the required details, click ‘Submit’ to move forward
Choose the most suitable loan tenure based on your preferences and repayment capacity
You will be redirected to the lender’s website for the final steps, including:
Aadhaar-based e-KYC for identity verification
Setting up an e-mandate for automatic EMI payments
Finalising loan disbursal to your bank account
|
Yes, you can apply for a loan using your Aadhaar card. This simplifies the process, as you don’t need to submit multiple documents as before.
To get an Aadhaar card loan, follow these simple steps:
Select the ‘Check Offers’ button
Enter your personal details
Input your preferred loan amount and repayment tenure
Submit the application form for further verification
A bank representative will contact you to inform you of your eligibility and verify your details.
The Aadhaar loan amount you can get depends on your income, loan tenure, and repayment capacity. The Aadhaar card is a supporting document that must be presented when seeking a loan.
You can get a personal loan of ₹10,000 using your Aadhaar card by submitting a scanned copy along with the application form. Once your identity is verified, the lender will credit the loan amount directly to your bank account.
Yes, you can get a loan with just an Aadhaar card to verify your identity and address. It is a 12-digit identification number for Indian citizens, which acts as a proof of your citizenship and helps you get loans with any NBFC or bank. However, you may also need to submit income documents to prove your eligibility.
Most financial institutions require you to have a credit score of 700 or above to qualify for a personal loan on an Aadhaar card.
The processing time for a personal loan on an Aadhaar card can vary depending on the lender. However, it is generally faster compared to traditional personal loans. Most institutions process it within a few minutes or hours.
While the Aadhaar card is widely used to simplify the personal loan application process, it may not always be mandatory for every loan type. Some lenders may accept alternative identity verification methods. However, Aadhaar greatly accelerates approval and reduces paperwork.
With an Aadhaar card, you can apply for various personal loans, including unsecured personal loans, education loans, medical loans, and others. Aadhaar is used to quickly verify your identity and address, making the process efficient.
Aadhaar is used for e-KYC (electronic Know Your Customer) verification, which helps lenders verify your identity and address quickly and securely. This reduces the need for physical documents, making the loan application process faster and more efficient.
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