When we suddenly need money, the first thing that comes to mind is personal loan Comes to mind. But do you know that now Aadhar card With the help of loan up to Rs 2 lakh, it has become not only easy but also fast and convenient?
Aadhar cardwhich is proof of identity and address, has now become useful for obtaining loans also. This process is completely digital and there is less hassle of documentation.
Benefits of taking loan from Aadhar card
1. Easy Documentation:
- Not many documents are required for loan.
- Only Aadhaar card confirms identity and address.
- This reduces paper work.
2. Digital Process:
- Application and loan approval is completely online.
- After loan approval, the amount is directly transferred to your bank account.
3. Faster Processing:
- Due to digital application, the loan gets approved quickly.
- Money is available immediately when needed.
4. Loan without guarantee:
- this loan unsecured It happens.
- You do not need to mortgage any property.
5. Accessible to all:
- People with limited documents or irregular income can also apply for this loan.
Who can take loan on Aadhar card?
1. Age Limit:
- your age 21 to 60 years Should be between.
- You must be an Indian citizen.
2. Credit Score:
- Yours Credit score 650 or higher Should be.
- Having a better credit score makes it easier to get a loan and the interest rate is lower.
3. Income:
- your monthly income ₹15,000 to ₹25,000 Should be between.
- This loan is for both salaried and self-employed.
4. Aadhaar Card:
- Yours Aadhaar Card Linked to Mobile Number Should be.
- Aadhar card Active Should be.
5. Employment:
- Both salaried employees and businessmen can apply for the loan.
necessary documents
You will need the following documents to apply for the loan:
- Aadhar card: For proof of identity and address.
- PAN card: For identification and income tax purposes.
- Bank statement: last 3-6 months Bank account statement of.
- Income Proof:
- Salary slip for salaried individuals.
- For self-employed Income Tax Return (ITR),
How to apply for loan?
1. Apply Online:
- Go to the website of the loan granting bank or NBFC.
- Download their mobile app.
2. Check Eligibility:
- available on website Eligibility Calculator Use.
- Evaluate your eligibility.
3. Upload Documents:
- Upload documents like Aadhar Card, PAN Card, and Income Proof.
- Make sure that your Aadhar card is linked to your mobile number.
4. Loan Approval:
- After submitting the documents, the loan approval process will start.
- after approval 24-48 hours The amount will be transferred to your account within.
Keep these things in mind before taking a loan
1. Choose a trusted bank:
- Take loan only from a trusted bank or NBFC (Non-Banking Financial Company).
2. Compare Interest Rates:
- The interest rate on personal loan depends on your credit score, income and credit history.
- Compare interest rates from different lenders before taking a loan.
3. Processing Fee:
- Get information about loan processing fees and other charges.
- Get this information in advance to avoid unexpected expenses.
4. Management of EMI:
- Assess your paying capacity.
- Make sure you can pay the EMI on time.
5. Take care of credit score:
- repay your loan on time credit score Can make it better.
- Late payments can have a negative impact on your credit score.
Why is it convenient to take loan on Aadhar card?
The process of taking loan with the help of Aadhar card is simple and fast. It is also beneficial for those who lack financial documents. Using Aadhaar Card:
- Saves your time.
- Loan is approved quickly.
- The hassle of providing proof of identity and address is reduced.
