In today’s article, we will learn how to get a Rs 10000 loan on Aadhar Card. If you need money to meet your financial needs, you can avail of a personal loan from your Aadhar card ranging from Rs 10,000 to Rs 50,000, for which you do not need too many documents. No hidden charges, quick & simple process without extensive paperwork.
You can apply for an Aadhar Card loan of up to ₹50000 and get approved in less than 2 minutes! It offers customized EMI plans with affordable interest rates and long repayment tenure. Here we will tell you about the benefits and fees of a Rs 10000 loan on Aadhar Card.
10000 Loan on Aadhar Card Details
|Article Topic||10000 Loan on Aadhar Card|
|Interest Rate||Interest rates start from 1.33% per month (16% annually)|
|Loan Amount||Rs 5,000 to Rs 50,000|
|Processing Fee||Starting from 2% of the approved loan amount|
|Loan Tenure||Loan repayment tenure of up to 60 months|
|Process||100% paperless application process, Collateral-free loans|
Features & Benefits of a Rs 10000 Loan on Aadhar Card
There are many applications online that give you a 10000 Loan on Aadhar Card. Therefore, before applying for a loan on an NBFC loan app, you must know its features and benefits.
- Here the entire process of applying for a personal loan is 100% digital. You do not need to submit any documents manually.
- You can get an instant personal loan with an Aadhar card from Rs 10,000 to Rs 50,000 here.
- You are charged a processing fee starting at 2% of the sanctioned loan amount.
- The loan repayment tenure is up to 5 years depending on your loan amount.
- Your interest rate depends on your profile, credit history, and many more. Interest rates start from 16% per annum.
- After approval, the loan amount is transferred to your bank account within approximately 24 hours.
- Your personal information is kept secure as it is an RBI-registered loan app and follows RBI guidelines.
- Before availing of the loan, you can calculate your monthly installment using an EMI calculator, which you can access for free on the company’s website.
- Unlike conventional loans, Aadhar card loans do not require any collateral, making them an attractive option for those who do not have assets to secure the loan.
- Aadhar card loans are a quick and convenient way of getting funds, as they can often be processed and disbursed within a few hours or even days.
- Aadhar card loan generally requires minimal documentation, making the application process simple and hassle-free. Borrowers are required to provide only a few necessary documents, such as a copy of their Aadhar card and bank details, to apply for the loan.
Eligibility Criteria of 10000 Loan on Aadhar Card
To be eligible for a Rs 10000 loan on Aadhar Card, you generally need to fulfill the following criteria:
- Your age should be between 21 to 57 years.
- You must have a stable source of income and be employed or have a steady income stream. Rs 13500+ Income should be received in the bank.
- A good credit score is usually required to qualify for a loan. Minimum CIBIL Score 650+
- Must be an Indian citizen.
Must Read this: Loan Resouce App Review 2023: Check Features & Benefits
Documents Required for 10000 Loan on Aadhar Card
The following documents are typically required to apply for an Aadhar card loan:
- Aadhar Card: A copy of your Aadhar Card to confirm your identity and address.
- PAN Card: A copy of your PAN card is mandatory to apply for Aadhar Card Loan.
- Proof of Identity: Aadhar Card, PAN Card, Voter ID Card, Driver’s License, Passport, etc.
- Address Proof: Aadhar Card, Driving License, Ration Card, Passport, Electricity Bill, Maintenance Bill
- Proof of income: This can include your pay slip, bank statement, or Form 16 for salaried individuals, or proof of business income for self-employed individuals.
- Bank Statements: You will need to provide bank statements for the last three to six months to show your financial transactions and stability.
How to Get a 10000 Loan on Aadhar Card?
If you want to get a Rs 10000 Loan on Aadhar Card, you can follow these steps:
- Click on the link below, and they will be taken to Google Play Store to download the App.
- Login with your mobile number and click on Send OTP and Verify Now.
- Enter personal details such as name, employment type, monthly income, etc., and click on Continue.
- Enter basic details such as gender, date of birth, PAN number, etc., and click on Get Offer.
- Enter the employment details such as office address, Pincode, etc., and continue
- Enter the Aadhar number for KYC verification and click on Submit.
- Add bank details such as account number, IFSC code, etc., and click on Continue.
- E-sign the loan agreement using an OTP sent to the registered mobile number.
- Once your loan is approved, the cash will be transferred to your bank account within 24 hours
FAQs Related to a Rs 10000 loan on an Aadhar Card:
Can I get a Rs 10000 Loan on an Aadhar Card?
Yes, you can get a Rs 10000 loan on Aadhar Card in India. Some financial institutions and digital lending platforms offer instant loans using the Aadhar card as the primary form of identification and proof of address.
How can I get a Rs 10000 loan on Aadhar Card?
To get a Rs 10000 loan on Aadhar Card, you can approach digital lending platforms or NBFCs (Non-Banking Financial Companies) that offer small personal loans. These platforms generally offer quick and easy loan approval processes, with the loan amount disbursed to your bank account within a few hours.
How can I get a personal loan without a salary slip?
Getting a personal loan without a salary slip can be challenging, as lenders generally require income documents to assess repayment capacity. However, there are some alternative income proof options such as bank statements, tax returns, and other financial documents that can be submitted in place of salary slips.
How much loan can I get from an Aadhar card?
The amount of loan you can get from an Aadhar card depends on various factors such as your credit score, income, repayment capacity, and the lender’s criteria. Generally, the loan amount offered by lenders ranges from a few thousand to several lakhs of rupees. The exact loan amount you can get may vary depending on the lender and your financial situation.
What is the minimum and maximum loan amount that I can avail of using my Aadhar card?
The minimum and maximum loan amount you can avail of using your Aadhar card will vary from lender to lender. However, it is common for lenders to offer small personal loans ranging from Rs 5,000 to Rs 50,000.
What is the interest rate for a Rs 10000 Loan on Aadhar Card?
The interest rate for a loan against an Aadhar card will vary from lender to lender and will depend on various factors such as your credit score, repayment history, and income. You can expect an interest rate ranging from 16% to 36% per annum.
How long does it take to get the loan approved using an Aadhar card?
The time taken to get the loan approved using an Aadhar card will vary depending on the lender and the loan application process. However, some online lenders can approve the loan within 24 hours.
Do I need to have a good credit score to get a loan using my Aadhar card?
While a good credit score can increase your chances of getting a loan, it is not mandatory to have a good credit score to get a loan using your Aadhar card. Some lenders may consider optional data such as your bank statement and employment history to assess your loan application.
How can I repay the loan taken using my Aadhar card?
You can repay the loan taken using your Aadhar card in various ways such as automatic debit from your bank account, EMI (Equated Monthly Installment) payment, or by visiting the lender’s office to make the cash payment.
Conclusion: A loan on Aadhar Card is a convenient and accessible option for those who need quick credit. The process of availing of this type of loan is simple, as it only requires the borrower’s Aadhar number.
However, it is necessary to keep in mind that taking a loan, regardless of the type, should be done responsibly and with a clear understanding of the terms and conditions involved. Before applying for an Aadhar card loan, it is advisable to research and compare different options, read the fine print, and understand the interest rates and repayment terms. This will help you make an informed decision and avoid any potential financial difficulties in the future.