An Aadhar card is issued by the government of India and is considered an essential document for completing financial services. The card shows your biometric data including your personal details, age, demographic, and serves as an important role for a smooth hassle-free financial journey. From getting a credit card to completing various banking services, and availing of a personal loan, an Aadhar card plays a crucial role. Loan on Aadhar card? Yes, you heard it right! Thinking about how to avail a loan on one single document? Well, instead of submitting multiple documents, providing an Aadhar card will fulfill the requirement of validating and verifying your details. All thanks to digitization and advanced technology that made it possible to get a loan without any documentation hassle. With the launch of the Aadhar card, you can apply for a loan online and get it sanctioned in just a few clicks.
Besides providing your details, the Aadhar card acts as an identification number and showcases the financial details of the borrower. Most of the banks, non-banking financial institutions, and lenders approve personal loans on Aadhar cards.
Eligibility Criteria for Availing Loan on Aadhar Card
Usually, loans are provided to those who meet the eligibility parameters of lenders. Depending on the lender, the criteria may vary. So, before proceeding, don’t forget to check the eligibility on the respective lender’s website. The basic eligibility includes –
- Your age should be over 21 years
- You need to be a citizen or resident of India
- You should be salaried or self-employed, having a proper source of income
Features of Instant Personal Loan on Aadhar Card
- At Buddy Loan, You can avail up to Rs. 15 lakh at an interest rate of 11.99%
- 100% digital seamless procedure
- No pre-payment or hidden charges
- Flexible repayment plan up to 5 years
- The customized loan amount and EMI
- Submit the Aadhar card and few basic documents for quick approval and disbursal
Wrapping Up!!
When you are in urgent need of cash, a personal loans on Aadhar card will help you out. Upload the Aadhar and other required documents like salary slips, bank statements, ITR, and wait for the approval. This is how easy it is to get a loan on an Aadhar card. Apply today and fulfill all your cash shortages without any complications!
