Personal loans are called instant loans for a reason. Taking a personal loan is quick and hassle-free nowadays as it requires minimal documentation to get a loan. You can easily avail of a personal loan using your Aadhaar card.
The Aadhaar card is an umbrella identification system, and is excellent to determine if your identity is authentic using UIDAI Aadhaar biometrics. It acts as your age proof, ID proof and address proof. Providing your Aadhaar copy linked to your bank account will make the loan process faster as the verification is much simpler. Hence availing an Aadhaar card loan online is very simple.
Apart from Aadhaar card, you will need to furnish:
- Bank statements of the past 3 to 6 months
- Salary slips of the past three months if you are a salaried employee.
- PAN card to ensure that you are a tax-paying citizen of India.
- IT returns or Form 16
- Business proofs for self-employed
- The balance sheet of the past two years for self-employed individuals
Steps to Get a Personal Loan Using an Aadhaar Card
To avail of an Aadhaar loan online, you will have to submit your income proof alongside your Aadhaar card and follow the following steps:
- Visit the lender’s website
- Click Apply online option
- Filling the online personal loan application
- Upload Aadhaar card and other documents required for availing personal loan
- Click submit
The lender will notify you of your eligibility criteria. As long as you pass the eligibility criteria, your personal loan amount will be credited to your bank within a day.
Getting personal loans have become accessible online with a minimal documentation process. Install the app today to experience the convenience.
Must Read: How to Apply for Personal Loan Using an Aadhaar Card in 2021
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