A personal loan can be applied to cover all kinds of financial needs. Earlier, the time taken for a personal loan process approval and verification was quite long and straining for the borrower. Both private and public sector banks demanded numerous documents to successfully apply for a personal loan. However, ever since the Aadhaar cards have been introduced, fewer documents are required, and the time for loan approval has gradually decreased.
Now, it is much easier to avail a personal loan on your Aadhaar card, as the loan process has become much simpler for bank employees to complete the verification process. With Aadhaar details provided by the borrower the documentation process can be done online also known as e-KYC. In the case of e-KYC, no physical documents are required by the borrower making it an ideal option to save time. Also, there are various banks that also provide instant loans if a scanned copy of the Aadhaar card is provided at the time of submission.
Having an Aadhaar Card makes availing a personal loan a lot easier. The following are the benefits of applying for Personal Loan with Aadhaar Card:
Aadhaar Card gives you easy access to numerous loans and other financial services. The loan applicants are asked to provide Know Your Customer (KYC) documents and Aadhaar Card is a solid proof of your citizenship and identity.
This single document acts as proof for multiple things like an individual’s citizenship, age, photo, address, and identity.
Aadhaar Card helps with e-KYC (online verification process)
You can avail Aadhaar Personal Loan at Finserv MARKETS and get instant approval on the basis of e-KYC.
The following are the eligibility criteria for personal loan that need to be fulfilled to qualify:
You need to be a resident of India to be eligible for a loan
The applicant must be between the ages of 23 and 58 years
The applicant must be working with a public/ private company or an MNC
The following are a list of documents required to get a Personal Loan on Aadhaar Card
Submit other KYC documents like Passport, PAN, Driving license, Voter’s ID
The bank account statements of the last 3 months
With the advent of Aadhaar Card and digitalization it has become easier to apply for a Personal Loan online. You are only required to show your Aadhaar Card as KYC proof. This single document is accepted by most of the banks and NBFCs nowadays as proof of identity, birth, address proof and citizenship.
The following are the steps to apply for a personal loan with Aadhaar.
Step 1: Visit bank’s or financial aggregator websites to check and compare personal loan offers online.
Step 2: Fill in all your personal details and the loan amount requirements.
Step 3: Submit your scanned Aadhaar Card and other documents online.
Step 4: Your application and along with the documents will go under a verification process.
Step 5: Once approved, the sanctioned loan amount will be credited to your bank account.
You can apply for a personal loan on your Aadhaar card online at Finserv MARKETS. The online personal loan application process is quite simple. Once the loan is approved the loan amount is disbursed into your account within 24 hours of approval. You can enjoy a higher loan amount with a Bajaj Finserv Aadhar personal loan and repay it over the flexible tenure. A personal loan helps you cover all kinds of financial obligations like paying for your higher education, wedding expenses, home renovation, medical emergency, and more. Bajaj Finserv Personal loan offers instant loan approval up to Rs. 30 lakhs. With flexible loan repayment tenors ranging between 12-60 months, you can plan a convenient repayment schedule.
Apply for an instant loan on an Aadhaar card at Finserv MARKETS and get the funds disbursed in your bank account within 24 hours of verification. Enjoy benefits like minimal documentation, easy eligibility criteria, and flexible repayment tenors on your loan. With a personal loan, you also get access to added services like a free Financial Health Check Report (FHCR) and customized insurance plans to help protect your loan liability.