1 Lakh Loan on an Aadhaar Card

Get 1 Lakh Loan on an Aadhaar Card

Securing a personal loan of ₹1 lakh using your Aadhaar card has become simpler and more streamlined due to the rise of digital payment lending platforms. An instant 1 lakh loan on Aadhar card can be a viable option for those in urgent need of funds, be it for personal emergencies, home renovation, or other significant expenses. 

These loans are typically unsecured personal loans (meaning they don’t require any collateral) which simplifies the application process significantly. You just need to ensure that your Aadhaar card is linked to your PAN and bank account, as this can speed up the verification process.

Applying for an Aadhar card loan 100000 is a straightforward digital process. Most platforms allow you to fill out an online application where you enter personal and financial details, upload necessary documents such as Aadhaar and PAN for KYC, and then submit your application. 

However, before applying for the personal loan it’s crucial to check the eligibility criteria, which usually include age restrictions, income requirements, and a minimum credit score. Moreover, understanding the cost of borrowing, like interest rates and processing fees, is essential to make an informed decision​​.

What is a 1 Lakh Loan on an Aadhaar Card?

An instant 1 lakh loan on an Aadhaar card is a quick, unsecured personal loan you can get using only your Aadhaar card for identity proof. This unsecured personal loan simplifies the borrowing process, as it does not require the borrower to provide any security against the loan amount, making it accessible to a wide range of borrowers, including those who may not have necessary assets.

Aadhar card loan 100000 is specifically designed to provide help during immediate financial needs, such as medical emergencies, educational expenses, or unexpected travel costs. The entire process is simple and can be completed online, allowing applicants to quickly fill out their application and often receive the funds in their accounts within a day or two.

The eligibility criteria for such loans are generally minimal, focusing primarily on the applicant’s credit score and income stability.Because the lender is taking on more risk than with secured loans, interest rates for these loans can vary greatly depending on the lender and the borrower’s credit history. However, they are usually higher than with secured loans. It’s essential for borrowers to compare different lenders to find the most favourable terms and ensure they understand the total cost of borrowing, including any processing fees and prepayment penalties​​.

Eligibility Criteria for a 1 Lakh Loan on Aadhaar Card

The eligibility criteria for an instant 1 lakh loan on an Aadhaar card ensure that borrowers can repay the loan and give lenders enough security to manage their risk. Here are the key requirements:

Age Limit: Applicants must be between the ages of 21 and 60 years. This age range ensures that the borrower is likely to have a stable income and is legally eligible to enter into a contract​​.

Income Stability: A minimum monthly income is often required, typically starting at Rs. 15,000. This criterion helps lenders evaluate the borrower’s ability to repay the loan​​.

Employment: Borrowers should be either salaried employees or self-employed with a steady source of income. Employment stability is crucial as it shows the borrower’s current ability to meet monthly payments​​.

Credit Score: A credit score of 750 or above is preferred, as it reflects good credit management and a lower risk of default. However, some lenders may accept lower scores with potentially higher interest rates​.

Residency: The borrower must be a resident of India and meet specific residency criteria based on the city they live in, reflecting the different economic conditions across different regions​.

Documents Required for Aadhaar Card Loan

The process of applying for an instant 1 lakh loan on Aadhar card is simple, and only needs minimal documentation, making it accessible and quick for applicants. Here are the essential documents typically required for an Aadhar card loan 100000:

Aadhaar Card: As the primary document, it serves multiple verification purposes including identity, age, and residency​​.

PAN Card: Necessary for financial and tax-related verification to assess creditworthiness and as a mandatory KYC document​​.

Income Proof: Salary slips for the last three months and bank statements where salary is credited, for salaried individuals; self-employed applicants might need to provide recent income tax returns or profit and loss statements​​.

Address Proof: Although the Aadhaar card lists an address, additional proof like utility bills or rent agreements may be required to fulfil current regulatory requirements.

Photographs: Recent passport-sized photographs are typically needed to complete the application process​.

Interest Rates and Fees



Interest Rate

Typically starts from 1.5% (monthly) but can vary based on the borrower’s credit profile.

Processing Fee

Ranges from 2% to 6% of the loan amount, depending on the lender.

Overdue EMI Interest

Additional interest on overdue EMIs will depend on your remaining loan amount

Prepayment Fee

Some lenders charge a prepayment fee if you choose to pay off your 1 lakh personal loan early.

Other Charges

May include GST on certain fees and charges, document handling fees, or secure transaction fees.

Loan Repayment Options

Repaying your 1 lakh personal loan secured via an Aadhar card loan 100000 is designed to be flexible and manageable, tailored to fit various financial situations.

Here are some of the main repayment options:

EMI (Equated Monthly Installment): The most common repayment method is through EMIs, which are calculated based on the loan amount, interest rate, and loan period. This allows for predictable monthly payments until the loan is fully paid off.

Tenure Options: Loan tenure can vary widely, typically from 12 to 60 months, allowing borrowers to choose a period that best suits their financial capability.

Prepayment Options:If you happen to have extra funds,some lenders allow the prepayment of the instant 1 lakh loan on Aadhar card without any penalty, which can be a great way to reduce overall interest.

Flexible Payment Plans: Certain lenders offer flexible repayment plans, where borrowers can opt for step-up or step-down EMIs, depending on their expected future financial inflow.

Automatic Deductions: Many lenders provide an auto-debit option for the repayment procedure. This option automatically deducts the EMI from the borrower’s bank account, guaranteeing timely payments and preventing any defaults on the urgent personal loan.How to Apply for a 1 Lakh Loan on Aadhaar Card

Applying for an instant 1 lakh loan on Aadhar card is a straightforward process. Here’s how you can apply for an Aadhar card loan 100000:

Visit the Lender’s App: Select a reputable lender and go to their official app where you can start the application process.

Fill the Application Form: Enter your personal and financial details in the application form. Make sure all information is accurate to avoid delays.

Upload Required Documents: Upload digital copies of necessary documents such as your Aadhaar card, PAN card, and income proof. This step is crucial for KYC verification and credit assessment.

Loan Approval and Disbursal: Once your application is submitted and documents are verified, the loan approval process is generally quick. If approved, the 1 lakh personal loan amount is usually credited directly to your bank account within a few hours or days, depending on the lender.

Set Up Repayment: Arrange for the repayment of the loan through EMIs. Most lenders offer an auto-debit option to deduct monthly payments directly from your bank account, ensuring timely payment and avoiding any default on your urgent personal loan.

If you’re looking for a flexible and user-friendly platform for your financial needs, consider Zype. Zype provides a seamless experience with minimal paperwork and quick processing, making it an excellent choice for securing urgent personal loans efficiently.

Also Read: The Dos and Don’ts of Personal Finance Planning


Securing an instant 1 lakh loan on Aadhar card has revolutionised the way individuals manage urgent financial needs. This simple process — helping applicants to secure Aadhar card loan 100000 swiftly without collateral — is ideal for various immediate expenses such as medical emergencies, educational fees, or unexpected travel. With competitive interest rates, minimal documentation requirements, and flexible repayment options, these unsecured personal loans offer a practical solution for those who are in urgent need of funds.

The efficiency of digital platforms, where one can apply for an 1 lakh personal loan with just a few clicks, highlights the accessibility of financial services in today’s tech-driven world. For anyone considering such a loan, it’s important to compare different lenders to find the best rates and conditions, ensuring the loan serves as a financial help without becoming a burden.

Frequently Asked Questions

Who Is Eligible For A 1 Lakh Loan On An Aadhaar Card?

To be eligible, you should be an Indian citizen between 20 to 60 years old, working as a salaried employee or self-employed. A minimum income requirement may apply, often starting from Rs. 15,000 per month for salaried employees​​.

How Quickly Can I Get A 1 Lakh Loan On An Aadhaar Card Disbursed?

The disbursement can be quite fast, often within 24 hours after approval, depending on the lender and the completion of necessary documentation​.

Can I Get A 1 Lakh Loan On An Aadhaar Card With Bad Credit?

Getting a loan with bad credit can be challenging. Lenders typically look for a credit score of 600 or above, although some flexibility might exist based on the lender’s policies​.

Are There Any Penalties For Early Repayment Of A 1 Lakh Loan On An Aadhaar Card?

Some lenders may charge a prepayment fee while others may not; it’s crucial to check the specific terms directly with the lender before proceeding with early repayment​​.

What Happens If I Default On A 1 Lakh Loan On An Aadhaar Card?

Defaulting on the loan can lead to legal actions from the lender and negatively affect your credit score, making future financial transactions difficult​​.

Is There A Minimum Income Requirement To Be Eligible For A 1 Lakh Loan On An Aadhaar Card?

Yes, a minimum income is usually required, often around Rs. 15,000 per month for salaried individuals. This requirement can vary slightly depending on the lender​​.

Are There Any Special Benefits Or Discounts Available For Existing Customers Applying For A 1 Lakh Loan On An Aadhaar Card?

Existing customers can enjoy benefits such as simpler documentation, faster loan approval, and possibly discounted interest rates depending on the lender’s policies​​.

What Are The Tenure Options Available For Repaying A 1 Lakh Loan On An Aadhaar Card?

Repayment terms for these loans can range from 1 to 5 years, providing flexibility to manage your finances effectively​.


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