Aadhar Card Personal Loan Apply
Hello friends, I welcome you all to today’s article. Friends, we will give you information about how to take loan using Aadhar card. Friends, in daily life a common man faces shortage of money. That is why he takes the help of personal loan. In today’s time, taking loan is not as difficult as it was before. Now you can take loan sitting at home with the help of just a few documents. If you have Aadhar card then you can easily take loan. Aadhar card is an important document in India, that is why almost all citizens have it. If you also want to take a loan using your Aadhaar card, today’s article will explain it in detail. To do so, you’ll need to read this article to the end.
Eligibility for loan through Aadhar card
To take a loan using your Aadhaar card, you must fulfill the eligibility criteria set by the bank/financial institution. Only then will you be eligible to take a loan using your Aadhaar card.
- The applicant seeking loan through Aadhar card should be a citizen of India and his age should be between 21 years to 60 years.
- The applicant’s Aadhaar card should be active and should be linked to the mobile number and bank account.
- The applicant’s CIBIL score must be 750 or higher. Both employment and self-employment are eligible for this loan.
- The monthly salary of the applicant taking loan through Aadhar card should be Rs 15 thousand or more.
- The applicant should not be declared a defaulter by any bank and the applicant should have a stable source of income.
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 procedures step by step, which are as follows –
- To take a loan using Aadhar card, first of all you will have to visit the official website of the bank from which you want to take the loan.
- On the home page of the website, you have to open the Personal Loan section and click on the Apply option.
- After that a form will open here in which you will have to fill your personal information like name, date of birth, email etc., income, Aadhar card, mobile number etc. correctly.
- After filling all the details, you have to upload the relevant documents and then click on the submit option.
- Now you have to select the loan amount and tenure and after that you have to click on the submit option.
- After that the bank/financial institution will verify your application and documents.
- If you are not eligible for the loan, you will get approval and you will receive a message on your mobile phone.
- However, if you are not eligible then your loan application will be rejected.
Aadhar Card Loan Interest Rate
This is an unsecured loan in which you do not need to pledge any property or require any guarantor. Hence, the interest rate on this loan is slightly higher than other loan rates. The interest rate may vary from bank to bank/financial institution. The interest rate generally ranges from 14% p.a. to 19% p.a. However, the interest rate also depends on the applicant’s CIBIL score, market conditions, loan amount, loan tenure and loan repayment capacity.
conclusion –
Friends, in today’s article, you have been informed about how to take a loan using Aadhaar card. We have explained its complete online application process in detail so that you can easily take a loan using your Aadhaar card while sitting at home and can also avail its benefits. Friends, if you all liked this article of today, then do share this article.