Are you looking for an instant Personal loan on Aadhar Card? There are many Aadhar Card Loan apps available in India. Some popular options include MoneyTap, Fibe (EarlySalary), KreditBee, PaySense, and True Balance. These apps offer personal loans of up to Rs 5 lakhs and use an Aadhar card and other documents for verification. You read the terms and conditions carefully and compare interest rates and fees before applying for a Small Cash Loan on Aadhar loan app.
Instant Personal Loans on an Aadhar Card are offered by some online RBI-registered loan apps that are disbursed quickly to borrowers with minimal documentation and processing time. Aadhar Card is a unique identification card issued by the Indian government to its citizens. Here, I will talk about the features, benefits, and charges of the Aadhar Card Loan App.
To avail of an instant personal loan on an Aadhar card loan app, a borrower needs to fulfill the following requirements:
- Must have a valid Aadhar Card: The borrower must have a valid Aadhar Card issued by the Government of India.
- Have a good credit score: To be eligible for an instant personal loan, the borrower must have a good credit score.
- Meet the age and income criteria: The borrower should be above 21 years of age and should have a stable income.
- Apply Online: The borrower can apply for an instant personal loan online by providing the necessary details, such as an Aadhar card number, income proof, and other documents.
- Get Sanctioned & Disbursed: On successful verification and loan approval, the instant personal loan amount is disbursed to the borrower’s bank account.
Aadhar Card Loan App Details
|Article Topic||Aadhar Card Loan App – Instant Personal Loan on Aadhar Card|
|Interest Rate||Competitive Interest Rate Starts from 12.75% per annum.|
|Loan Amount||1,000 to 5 lakhs|
|Tenure Time||3 months to 5 years|
|Processing Fee||2% to 5% on the loan amount + GST|
|Age||21 – 60 years|
13 Best Aadhar Card Loan App List
Several loan apps in India offer instant personal loans to borrowers using an Aadhar Card as a means of identification and verification. Some of the popular Aadhar Card Loan apps in India include:
|Application Name||Credit Limit|
|MoneyTap – Credit Line & Loans||3,000 to 5 lakhs|
|Fibe: Personal Loan Online||8,000 to 5 lakhs|
|Kreditbee: Fast Personal Loan||1,000 to 4 lakhs|
|PaySense: Personal Loan App||5,000 to 5 lakhs|
|True Balance – Personal Loan App||5,000 to 50k|
|CASHe Personal Loan App||1,000 to 4 lakhs|
|NIRA Instant Personal Loan App||5,000 to 1 lakh|
|mPokket: Instant Loan App||1,000 to 30k|
|Privo: Instant Credit Line App||Credit Line up to 2 lakhs|
|Money View: Personal Loan App||10,000 to 5 lakhs|
|Home Credit||10,000 to 5 lakhs|
|Navi Loans & Mutual Funds||10,000 to 5 lakhs|
|Stanhfin – Credit Line & Loans||1,000 to 5 lakhs|
Features of the Aadhar Card Loan App
The features of Aadhar card loan apps may vary depending on the platform and the specific loan product. However, some of the features of the Aadhar Card Loan App include
- Fully Digital Process: The entire loan application process is digital, and borrowers can complete the application and verification process online.
- Easy and fast loan application process: The loan application process is generally online, quick, and easy to complete.
- Instant Approval & Disbursement: Once the loan application is approved, the loan amount is instantly disbursed to the borrower’s bank account.
- Minimum Documentation: Aadhar card loan apps require minimum documentation and use an Aadhar card and other digital documents for verification.
- Flexible loan amount: Borrowers can usually choose the required Personal loan amount based on their eligibility and requirements.
- Flexible Repayment Options: This allows borrowers to choose a loan repayment period that suits their financial situation and repayment capacity.
- Competitive interest rates: Aadhar card loan apps usually offer competitive interest rates starting from 12.75% per annum.
- Transparent loan terms: Loan terms such as rate of interest, fees, and other charges are clearly stated upfront, so borrowers know exactly what they agree to.
- Customer Support: The loan app provides customer support to assist borrowers with any queries or issues they may encounter during the loan application or repayment process.
Eligibility Criteria for Aadhar Card Loan App
The eligibility criteria for Aadhar Card Loan App may vary depending on the lender and the specific loan product.
- The borrower must be at least 18 years of age to apply for the loan.
- The borrower should be a citizen of India and have a Mobile number linked with an Aadhar Card.
- To demonstrate the ability to repay the loan, the borrower must have a steady source of income, whether from a job or business.
- The borrower must have a good credit score.
- Some lenders may require borrowers to be employed for a certain minimum period to be eligible for the loan.
- There should be an active bank account in the name of the applicants to receive the loan amount.
Documents Required for Instant Personal Lona on Aadhar Card Loan App
The documents required for an instant personal loan on an Aadhar Card Loan app may vary depending on the lender and the specific loan product. However, some documents that borrowers may need to provide include
- Aadhar Card: This is the primary document used for verification and identification.
- PAN Card: This is used to verify the borrower’s income and creditworthiness.
- Salary slips or income tax returns (ITR): You will need to provide your income proof, such as salary slips for the last 3 months, bank statements for the last 6 months or IT returns for the last 2 years (if you are self-employed).
- Address proof: This can be any document that verifies the borrower’s address, such as a utility bill, passport, Aadhar Card, Voter ID, or driver’s license.
- Identity proof: You will need to provide government-issued identity proof, such as a passport, Aadhar card, driving license, or voter ID card.
- Photograph: A passport-size photograph of the borrower may be required for identity verification.
How to Apply for Instant Personal Loan on Aadhar Card Loan App?
Applying for an instant personal loan on the Aadhar Card Loan App is easy. If you meet the eligibility criteria and documentation mentioned above, you can apply for the loan by following a few easy steps:
- Download the Aadhar Card Loan App from the app store of your smartphone.
- Register on the app using your mobile number and email id.
- Provide your Aadhar number to the app and link your Aadhar card with the app. This will be required for the eKYC process.
- Once your Aadhar is linked, you need to fill in your details like name, age, income, employment status, etc.
- You will also be asked to provide details of the loan amount and tenure.
- The app will do an instant credit check based on the information provided. This is to determine your creditworthiness and eligibility for the loan.
- The app will display the loan offer rate of interest and repayment schedule If you are eligible.
- If you agree to the loan offer, you will upload your documents, such as your PAN card, bank details, and salary slips.
- The app will verify your documents and disburse the loan amount to your bank account.
It is important to note that the eligibility criteria, interest rates, and loan amount may differ from one Aadhar card loan app to another. Make it a point to read the terms and conditions carefully before accepting the loan offer.
FAQs Related to Aadhar Card Loan App
What is an Aadhar Card Loan App?
An Aadhar Card Loan App is a mobile application that allows users to apply for loans online using their Aadhar Card as proof of identity and address.
Can I take a personal loan on an Aadhar Card?
Yes, you can take a personal loan on an Aadhar Card. Aadhar Card is one of the documents that lenders may accept as proof of identity and address while processing a loan application. Lenders will also consider other factors, such as your credit score, income, and employment status approving your loan application.
How can I get a small cash loan on an Aadhar card?
To get a small cash loan on an Aadhar card, you can apply online on the lender’s website and application. You may need to provide other documents like bank details and income proof to support your loan application.
How to avail of a personal loan of Rs. 10000 on an Aadhar Card?
You can apply for a 10000 personal loan on an Aadhar card online or offline on the lender’s website or mobile application. You will need to provide other documents and meet the lender’s eligibility criteria to get approved for the loan.
How to apply for a personal loan on an Aadhar Card without a salary slip?
If you do not have a salary slip, you may provide other income proof documents, such as bank statements or income tax returns apply for a personal loan on an Aadhar Card. Lenders may have different eligibility criteria for approving such loans, and you should check with the lender before using them.
How can I get a 50000 loan with an Aadhar card?
To get a 50000 loan with an Aadhar card, you can apply online or offline with a lender who offers such loans. You may need to provide other documents, such as bank statements and income proof support your loan application.
How much loan can I get from an Aadhar card?
The loan amount you can get using the Aadhar Card Loan App will depend on various factors such as your credit score, income, and employment status. There are many Aadhar Card Loan apps available in India. These apps offer personal loans of up to Rs 5 lakhs and use an Aadhar card and other documents for verification.
What is an Aadhar cash loan?
An Aadhar cash loan is a type of personal loan that lenders offer to borrowers who have an Aadhar card as proof of identity and address. These loans are typically unsecured, and lenders may have different eligibility criteria and interest rates.
How can I download the Aadhar Card Loan App?
You can download the Aadhar Card Loan App from the Google Play Store or Apple App Store. Search for the app by its name and click on the “Install” button to download the app.
What documents do I need to apply for a loan using the Aadhar Card Loan App?
You will provide your Aadhar Card number as proof of identity and address. You may also need to provide some other documents, such as bank statements, income proof, and a PAN card.
In short, Aadhar Card Loan App is a mobile application that allows users to apply for loans online using their Aadhar card as proof of identity and address. To apply for a loan using the Aadhar Card Loan App, you will need to provide your Aadhar card number as proof of identity, address, and other documents such as bank details, income proof, and PAN card. The maximum loan amount you can avail of will depend on various factors such as your credit score, income, and employment status. Overall, the Aadhar Card Loan App provides a convenient and secure way to apply for loans online.