Aadhaar Tips: Aadhaar can also arrange a loan of ₹ 2 lakh, 90% of people would not know this..

Personal Loan: Sometimes such situations arise in life when money is suddenly needed and you do not understand any option. Whether it is a health emergency the need for funds for education, or facing any other financial condition, it becomes necessary to arrange money immediately. If you are also in such a situation and are struggling with a lack of money, then there is no need to worry now. Many people may not know that you can easily get a personal loan of up to ₹ 2 lakh through your Aadhaar Card.

What is a loan scheme on an Aadhaar card?

Aadhaar, which is a unique identity card issued by the Government of India, is no longer just an identity and address proof. With its help, you can also take a personal loan. With the help of an Aadhaar Card, you can get a personal loan, which you can use to meet your immediate needs. This loan is especially beneficial for those who need money in an emergency.

How to get a loan on an Aadhaar card?

Getting a loan on Aadhaar has now become very easy. For this, you do not have to follow any long process. For this, you just have to follow some easy steps.

Choose the right platform: First of all, select a bank, NBFC (a non-banking financial company), or a digital loan app that provides loans on an Aadhaar card.

Apply online: You have to apply online by visiting the website or app of the respective platform. During the application, fill in your personal information and loan amount.

Provide an Aadhaar number: During the application process, you have to enter your Aadhaar number. This will make your identity and address proof easily verified.

Upload other documents: In some cases, banks or loan providers may also ask for other documents such as a PAN card, salary slip, or bank statement to check your income and credit history.

Loan approval and disbursal: After your documents are verified, the loan will be approved and the amount will be deposited directly into your bank account.

Who can get the loan on Aadhaar?

Must be a citizen of India.

The age of the applicant should be between 21 to 60 years.

Must have a stable income source.

The credit score should be good.

Benefits of loan on Aadhar card

Fast processing: Loan approval and amount transfer are done in a very short time.

Without much documentation: A loan is available with an Aadhar card and some basic documents.

Flexible repayment option: There is a facility to repay the loan through EMI.

Low interest rate: The interest rate may be lower than other options.

Keep these things in mind.

Read the terms and conditions of the loan carefully before taking it.
Take a loan only from a trusted bank or NBFC.
Assess your payment capacity and ensure that you can repay the EMI on time.

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