How to Get Instant Personal Loan on Aadhaar Card: Apply Now

Get Instant Personal Loan on Aadhar Card

The best way to deal with a cash crunch is to get a instant 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 loan up to ₹5,00,000.

Impact of Aadhaar Card on Instant Personal Loan

When you are availing any kind of financial services like opening a new bank account or taking a personal loan, you have to complete a KYC process. The government has made this necessary to decrease the number of fraudulent activities. 

But gone are the times when you have to submit endless documentation for the same. e-KYC has made this process extremely simple and hassle-free. You only need to provide your Aadhaar number to do the same. 

This is exactly why your Aadhaar card becomes a crucial document that helps you complete your loan application. 

Repayment Options for Instant Personal Loan on Aadhar Card

When you take an instant loan, you have to pay it back to the lender with interest. And in today’s time, features like multiple repayment options, online payments and prepayment without penalty have made this process even more simple. 

Depending on your lender, you can choose a repayment plan that fits your budget and even set up a mandate so you never miss your EMIs.  

Top Benefits of a Instant Personal Loan on Aadhaar Card

Instant Disbursal of Personal Loan on Aadhar Card

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

Collateral Free Loans

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

Affordable Interest Rates

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

Convenient EMI Options

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

Keeps the Cash Flowing

Maintain uninterrupted cash flow with an instant loan. Whether it’s personal or business expenses, a ₹10,000 loan will help you have the funds you need, right when you need them.

Seasonal Demands Balanced

An Aadhar Card loan helps to manage costs even if the seasonal expenses arise. This ensures you’re financially prepared without strain.

Respond to Emergencies

Even if an unexpected emergency comes your way like any kind of medical needs or urgent bills piling up, a quick ₹10,000 loan ensures that you cover your expenses instantly.

Increasing Credit Score

Timely repayment of a loan boosts your credit score, opening doors to larger loans with better terms in the future.

Grant of a Loan

With minimal documentation like an Aadhaar card, securing a loan is easier than ever. Quick approval ensures you get funds without delay.

Reduced Interest Rates and Increased Borrowing Capacity

Affordable interest rates make repayment manageable while enhancing your ability to borrow more as your financial trustworthiness grows.

No Security is Needed

No collateral or security is required for an Aadhaar Card loan. This makes it a simple and convenient option for urgent financial needs.

Importance of Applying for An Instant Personal Loan on Aadhaar Card

Applying for a instant personal loan using your Aadhaar card in order to get money quickly and easily can help borrowers for several purposes. A loan on an Aadhaar card only requires minimal documentation, making the process faster and more convenient. It requires address and identity verification, cutting down on approval time. Furthermore, without requiring a lot of documentation, a personal loan on an Aadhaar card might assist in meeting short-term financial demands, emergencies, or unforeseen bills. This effective and uncomplicated method guarantees that people can easily and quickly obtain the required finances.

Why do Lenders Ask for an Aadhaar Card to Give a Instant 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 Instant Personal 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 profile.

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

Documents Required for Aadhaar Card Instant Personal Loan

Even if you want a instant personal loan on Aadhaar card, you would need to give the information required to complete your loan application. Usually, loan companies ask for photo identity proof like a passport or PAN, address proof like a driving license 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 loan limit, you get the option to submit your bank statement of the last four months.

Interest Charged on an Instant 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 personal loan repayment history.

Tips to get a Instant Personal Loan on Aadhaar Card

Few pointers to get a instant personal loan on Aadhar card are: 

1. Make sure your Aadhaar card and bank account are linked for easy verification in order to obtain a instant personal loan using your Aadhaar card.
2. Choose Zype who offer loans on Aadhaar cards to streamline the documentation process.
3. Maintain a good credit score to increase your chances of being approved.
4. Gather the basic documents, such as your PAN card and proof of income, to speed up your application process.

What is the Process of Availing a Instant Personal Loan on an Aadhaar Card?

You can apply for a instant personal loan on Aadhar Card, below are the steps to apply for an instant loan without much documentation with Zype:

1. Install Zype app & register: Go to the Playstore to download the Zype app & add your basic details to register. Alternatively, you can also apply for an Aadhaar Card loan through the official Zype’s website.
2. Basic Details: Just add your PAN & basic details to get approved for a loan within minutes.
3. Complete digital KYC to start using Zype: After completing a quick KYC with just an Aadhar Card you can transfer money of instant personal loan or any amount up to 5 lakhs  to your bank account instantly.
4. Provide additional documents if required: While aadhar card is the main document, you may sometimes require additional documents.

How to Apply for a Instant Personal Loan on an Aadhaar Card?

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

You can get a loan limit from Zype in less than 6 minutes. When you enter your basic details like name, PAN, mobile number and employment details, your loan is approved in 60 seconds. After this, complete KYC, select the loan amount and repayment tenure. You can immediately transfer the money to your bank account.

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 personal loans up to ₹5,00,000. You can complete the loan application in less than 6 minutes get approved in 60 seconds. Once you complete the KYC process, you can get as many loan as you want.