Hello friends, I welcome you all to today’s article. Friends, we will give you information about how to take loan through Aadhar card. Friends, in this era of inflation, sometimes we need a loan to fulfill our needs and this happens with every person, the richer a person is, the more loan he has, but it has become very difficult for the poor and economically weak citizens to get a loan these days. Nowadays, any bank or company thinks many times before giving a loan to a common man. If you need a loan and want to use your Aadhaar card, today’s article will explain it in detail. You’ll need to read this article carefully to the end.
Eligibility for loan through Aadhar card
- The applicant applying for loan through Aadhar card must be an Indian citizen.
- The age of the applicant taking loan through Aadhar card should be between 21 years to 60 years.
- Aadhar Card, PAN Card, Salary Slip, Bank Statement or Income Certificate | Must have an active bank account.
- The applicant applying for the loan must have a credit score of 650 or higher and must have a stable income source.
- The minimum income criteria set by the app will have to be met and the mobile number must be linked to the Aadhaar card.
How to take loan using Aadhar card?
If you want to apply online for a loan using your Aadhaar card, then you will have to follow the below mentioned process step by step, which will be of this format –
- To take a loan using Aadhar card, first of all you will have to download and install the loan app from the Play Store of your smartphone.
- After installation, you will have to open this app in your smartphone and register by entering your personal details.
- After installation, you will have to open this app in your smartphone and register by entering your personal details.
- Now you have to upload your identity and address proof like Aadhar card, PAN card, driving license etc.
- After that you will have to choose the loan amount and repayment period as per your requirement.
- All the information will have to be submitted to apply for the loan.
- Now your application will be processed and if everything is found correct then the loan will be approved.
- Once the loan is approved, the loan amount will be transferred to your bank account.
Interest rate for taking loan through Aadhar card
Currently, not much loan is given through Aadhar card. Any citizen can take a loan of maximum Rs. 50,000. If we talk about the interest rate of the loan, then it is given as instant loan whose interest rate is also a little higher. If you want to take a loan through Aadhar card, then you will have to pay interest rate up to 12%. This depends on your credit score.
conclusion –
Friends, in today’s article, we have given you information about how to take a loan using Aadhar card. We have explained its complete online application process in detail so that you can easily take a loan with the help of your Aadhar card sitting at your home and can also get its benefits. Friends, if you all liked today’s article, then please share this article.