Sometimes, life throws unexpected challenges our way, and we find ourselves in urgent need of money without knowing where to turn. Whether it’s a medical emergency, educational expenses, or any other financial hurdle, securing funds quickly can become essential. If you find yourself in such a predicament and are feeling the pressure of financial constraints, there’s no need to panic. Many people might not realize that you can easily obtain a personal loan of up to Rs 2 lakh using your Aadhaar Card.

 

What is the loan scheme on Aadhaar card?

 

Aadhaar, the unique identification card provided by the Government of India, has evolved beyond just serving as proof of identity and address. It can now be a gateway to obtaining a personal loan. By leveraging your Aadhaar Card, you can access funds to address your immediate financial needs. This loan option is particularly advantageous for those facing urgent monetary situations.

 

How to get a loan on Aadhaar card?

 

Getting a loan using your Aadhaar has become quite straightforward. You won’t have to navigate through a complicated process. Instead, you can follow a few simple steps to secure your loan.

 

1. Pick the right platform: Start by choosing a bank, NBFC (non-banking financial company), or a digital loan app that allows you to take a loan using your Aadhaar card.

Apply online: Head over to the website or app of your chosen platform to fill out the application. Make sure to include your personal info and the amount you want to borrow.

 

Enter your Aadhaar number: As part of the application, you’ll need to provide your Aadhaar number. This helps in verifying your identity and address.

 

Upload additional documents: Sometimes, the lender might ask for extra documents like your PAN card, salary slips, or bank statements to assess your income and credit history.

 

Loan approval and disbursal: After your documents are checked, your loan will be approved, and the funds will be transferred straight to your bank account.

 

Who can get a loan on Aadhaar?

 

– Must be an Indian citizen.

– Applicants should be between 21 and 60 years old.

– A stable source of income is required.

– A good credit score is necessary.