Get Aadhaar Card Loan Instantly

The best way to deal with a cash crunch is to get a personal loan. There are many loan apps from where you can borrow money quickly by entering a few basic details like your name, PAN and Aadhaar number.

If you are looking for a personal loan on Aadhaar card, you can download the Zype app and enter basic details to apply for a credit line offer up to ₹5,00,000.

Top Benefits of a Personal Loan on Aadhaar Card

Instant Disbursal

There are many loan apps where you can get a loan instantly. For example – on the Zype app, the money is disbursed on the same day of loan application.

Collateral Free Loans

Whether you want a small cash loan on Aadhaar card or a higher amount, you can get a personal loan without pledging collateral.

Affordable Interest Rates

Different lenders levy different rates of interest on personal loans as per their credit policies. The interest rate at Zype starts at 1.5% per month.

Convenient EMI Options

Every lender provides multiple EMI options. You can select the one that fits your budget. Zype users can choose to repay in 3, 6, 9 and 12 EMIs.

Why do Lenders Ask for an Aadhaar Card to Give a Personal Loan?

Lenders ask you for an Aadhaar card to give a loan as it is a convenient and secure way to verify your identity to complete the loan application. An Aadhaar is a unique identifier that has the information of your name, address, date of birth, and biometric details.

If you want to get a loan from Zype, you don’t have to upload your Aadhaar card. You only need to enter your Aadhaar number and complete OTP verification on Aadhaar linked mobile number.

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

Eligibility Criteria for Loan on Aadhaar Card

Different lenders have different eligibility criteria for approving loans. Usually, your eligibility is evaluated on the basis of your age, documents, salary, work experience and credit score.

Before You apply for a personal loan on Aadhaar card, check out Zype’s basic eligibility criteria –

How to Apply for a Loan on Aadhaar Card

The process of applying for a personal loan differs from lender to lender. It depends on the credit product and the information required by the loan company.

You can get a credit limit from Zype in less than 8 minutes. When you enter your basic details like name, PAN, mobile number and employment details, your credit offer is generated in less than 60 seconds. After this, complete KYC, select the loan amount and repayment tenure. You can immediately transfer the money to your bank account.

Documents Required for Aadhaar Card Loan

Even if you want a small cash loan on Aadhaar card, you would need to give the information required by the lender to complete your loan application. Usually, loan companies ask for photo identity proof like a passport or PAN, address proof like a driving licence or ration card and income proof like salary slips or bank statement.

To get a personal loan on Aadhaar card without salary slip from Zype, you only need these to complete your loan application –

1. Photo identity proof

You would need to do an online selfie-based verification which is part of the KYC process.

2. Mandatory documents

You would need to enter your PAN and Aadhaar number.

3. Income proof (optional)

You can get loans from Zype without giving an income proof. In case you want to upgrade your credit limit, you get the option to submit your bank statement of the last four months.

Interest Charged on an Aadhaar Card Loan

You can check the interest rates charged by different lenders on their official website. Usually, the interest rate is calculated on factors like your credit score, credit utilisation ratio and loan repayment history.

Here is the interest rate and other details of Zype –

Conclusion

An Aadhaar card loan is a great way to meet your instant cash needs. You can apply for the same online in a few simple steps, get money fast and pay back in convenient EMIs.

Download the Zype app to get instant loans up to ₹5,00,000. You can complete the loan application in less than 8 minutes and your credit line offer will be generated in less than 60 seconds. Once you complete the KYC process, you can withdraw as many loans as you want from your active credit line.