Aadhaar Card Personal Loan: Get Up to ₹40 Lakh Without Any Collateral

Aadhaar Card Personal Loan: In today’s digital era, the Aadhaar card has become one of the most important identity documents in India. From filing ITR to availing government subsidies and banking services, Aadhaar plays a crucial role. Many people believe that personal loans can be availed only with an Aadhaar card, but that’s not true. Aadhaar is only a supporting document required during the personal loan application process.

So, what exactly is an Aadhaar Card Loan? Let’s understand.

What is Aadhaar Card Loan ?

There is no separate product in the market called “Aadhaar Card Loan.” In reality, it is a regular personal loan where Aadhaar is used as an identity and address proof. Personal loans are unsecured loans, meaning you don’t need to pledge any collateral. If you meet the bank’s eligibility criteria, you can get a personal loan of up to ₹40 lakh.

How to Apply for a Personal Loan with Aadhaar Card ?

Applying for a personal loan using Aadhaar is a simple and quick process. Here’s the step-by-step method:

Check Eligibility – Before applying, check whether you meet the lender’s requirements such as age, income, and credit score.
Apply Online or Visit Branch – You can apply through the bank’s website, mobile app, or by visiting the nearest branch.
Submit Application & Documents – Fill in the loan form and attach Aadhaar along with other required documents.
Loan Approval & Disbursal – Once approved, the loan amount will be credited directly to your bank account.

Eligibility Criteria for Aadhaar Card Loan

Age: Minimum 21 years and maximum 60 years
Credit Score: 750 or above preferred
Work Experience: Minimum 2 years, with at least 1 year in the current job
Net Monthly Income: At least ₹15,000

Documents Required

Filled loan application form with passport-size photo
KYC documents such as Aadhaar, PAN, passport, or driving license
Income proof (salary slips, bank statements, ITR)
Additional documents as requested by the lender

Interest Rates & Loan Amount

Personal loan interest rates generally start from 9.99% per annum and may vary depending on your income, credit history, and the lender’s policy. With Aadhaar as one of the KYC documents, you can get a loan amount of up to ₹40 lakh.

Instant Personal Loan with Aadhaar

Some banks and NBFCs also offer pre-approved instant personal loans to select customers. Since these are pre-verified offers, loan approval is much faster, and fewer documents are required. You can check such offers via internet banking or mobile apps.

Key Takeaway

To sum up, there is no separate Aadhaar card loan scheme. Instead, Aadhaar is used as an important identity proof when applying for a personal loan. If you maintain a good credit score, steady income, and meet the eligibility conditions, you can easily get a personal loan up to ₹40 lakh with Aadhaar and a few supporting documents.

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